Hasbro Intrinsic Value Calculation – HASBRO Reports Second Quarter Earnings Results for FY2023
August 26, 2023
🌥️Earnings Overview
HASBRO ($NASDAQ:HAS) reported their second quarter FY2023 earnings results on June 30 2023, showing a year-on-year decrease of 9.6% in total revenue, amounting to USD 1210.0 million. Net income for the quarter was a deficit of USD 235.0 million, compared to the previous year’s quarter net income of USD 142.0 million.
Share Price
The company’s stock opened at $66.0 and closed at $65.1, up by 1.1% from the prior closing price of 64.4. The earnings results included strong growth in both revenues and profits driven by the success of several of their popular products. This was largely due to the success of their mobile games such as Scrabble GO and My Little Pony: Harmony Quest, as well as partnerships with major streaming services such as Netflix and Amazon Prime Video. HASBRO_Reports_Second_Quarter_Earnings_Results_for_FY2023″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hasbro. HASBRO_Reports_Second_Quarter_Earnings_Results_for_FY2023″>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_Second_Quarter_Earnings_Results_for_FY2023″>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_Second_Quarter_Earnings_Results_for_FY2023″>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_Second_Quarter_Earnings_Results_for_FY2023″>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% |
Analysis – Hasbro Intrinsic Value Calculation
At GoodWhale, we have conducted an in-depth analysis of HASBRO‘s fundamentals. Our proprietary Valuation Line has determined the intrinsic value of a HASBRO share to be around $79.6. Currently, shares of HASBRO are being traded at $65.1, which is a fair price that is undervalued by 18.2%. Therefore, we believe that this is a good opportunity to buy HASBRO stock at a discounted price. More…
Peers
Hasbro Inc is a publicly traded company that designs, manufactures, and markets games and toys. The company operates in three segments: US and Canada, International, and Entertainment and Licensing. Hasbro has a portfolio of brands that includes NERF, MONOPOLY, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, and SESAME STREET. The company’s competitors include Spin Master Corp, Huayi Tencent Entertainment Co Ltd, and BANDAI NAMCO Holdings Inc.
– Spin Master Corp ($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’s second quarter FY2023 earnings results have been released, with total revenue dropping 9.6% year on year to USD 1210.0 million. Net income has also decreased to USD -235.0 million, a significant decrease from the same quarter in the previous year of USD 142.0 million. This could present a potential risk for investors looking to invest in HASBRO.
Careful analysis will be needed to assess the company’s future performance, especially in the economic climate of the pandemic. Investors should consider factors such as the company’s ability to stay competitive, as well as its long-term growth potential.
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