Hasbro Intrinsic Stock Value – HASBRO Reports Q2 FY2023 Revenue of $1210.0 Million, Declines 9.6% YOY
August 16, 2023
🌥️Earnings Overview
On August 3 2023, HASBRO ($NASDAQ:HAS) reported their earnings results for the second quarter of FY2023, with total revenue of USD 1210.0 million, a decrease of 9.6% from the previous year. Net income was reported as USD -235.0 million, compared to USD 142.0 million in the same quarter of the prior year.
Analysis – Hasbro Intrinsic Stock Value
GoodWhale has recently conducted a fundamental analysis of HASBRO and found that its intrinsic value is around $79.8, determined using our proprietary Valuation Line tool. This means that the current market price of HASBRO’s stock, at $65.1, is significantly undervalued by 18.4%. This presents a great opportunity for investors who are looking to buy into the company. The fact that the price is lower than its intrinsic value could indicate potential for future growth. Moreover, HASBRO has a strong track record of delivering good returns on investments and has a history of delivering value to shareholders, making it an attractive choice for long-term investors. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hasbro. HASBRO_Reports_Q2_FY2023_Revenue_of_1210.0_Million_Declines_9.6_YOY”>More…
| Total Revenues | Net Income | Net Margin |
| 5.57k | -256.8 | -1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hasbro. HASBRO_Reports_Q2_FY2023_Revenue_of_1210.0_Million_Declines_9.6_YOY”>More…
| Operations | Investing | Financing |
| 344.3 | -216.2 | -529.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hasbro. HASBRO_Reports_Q2_FY2023_Revenue_of_1210.0_Million_Declines_9.6_YOY”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.61k | 6.14k | 17.61 |
Key Ratios Snapshot
Some of the financial key ratios for Hasbro are shown below. HASBRO_Reports_Q2_FY2023_Revenue_of_1210.0_Million_Declines_9.6_YOY”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | -37.7% | -1.2% |
| FCF Margin | ROE | ROA |
| 2.4% | -1.6% | -0.5% |
Peers
Hasbro Inc is a publicly traded company that designs, manufactures, and markets games and toys. The company operates in three segments: US and Canada, International, and Entertainment and Licensing. Hasbro has a portfolio of brands that includes NERF, MONOPOLY, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, and SESAME STREET. The company’s competitors include Spin Master Corp, Huayi Tencent Entertainment Co Ltd, and BANDAI NAMCO Holdings Inc.
– Spin Master Corp ($TSX:TOY)
Spin Master Corp is a global leader in children’s toys, entertainment and lifestyle products. The company has a market cap of 4.57B as of 2022 and a Return on Equity of 21.64%. Spin Master Corp’s products include some of the world’s most popular toy brands, such as Paw Patrol, Hatchimals and Zoomer. The company’s products are available in over 100 countries and its mission is to inspire the next generation of play.
– Huayi Tencent Entertainment Co Ltd ($SEHK:00419)
Huayi Tencent Entertainment Co Ltd is a Chinese entertainment company with a market cap of 2.05 billion as of 2022. The company has a return on equity of -28.77%. The company is involved in the production, distribution, and exhibition of films and television programs in China. The company also operates an online game platform and a social networking website.
– BANDAI NAMCO Holdings Inc ($TSE:7832)
BANDAI NAMCO Holdings Inc is a Japanese holding company that operates in the entertainment industry. It has a market cap of 2.16T as of 2022 and a return on equity of 16.4%. The company was founded in 1955 and is headquartered in Tokyo, Japan. BANDAI NAMCO Holdings is engaged in the development, production, and marketing of toys, games, and other entertainment products. The company’s products are sold in over 40 countries worldwide.
Summary
HASBRO reported lower than expected revenues and losses for the second quarter of FY2023, with total revenue of USD 1210.0 million, down 9.6% from the same period of the prior year, and net income of USD -235.0 million compared to USD 142.0 million in the same quarter of the prior year. This is very concerning for investors looking to invest in HASBRO, as the company’s financial performance has clearly been impacted by the pandemic. Investors should consider carefully before investing in HASBRO as the company’s performance could continue to be volatile in the near-term.
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