Hasbro, Inc. (HAS) Bundle
Understanding Hasbro, Inc. (HAS) Revenue Streams
Revenue Analysis
For the fiscal year 2023, the company reported total revenue of $6.18 billion, representing a -4% decline from the previous year.
Business Segment | 2023 Revenue | Percentage of Total Revenue |
---|---|---|
Consumer Products | $3.42 billion | 55.3% |
Entertainment | $1.86 billion | 30.1% |
Digital Gaming | $900 million | 14.6% |
Revenue breakdown by geographic region:
- North America: $4.13 billion (66.8% of total revenue)
- Europe: $1.24 billion (20.1% of total revenue)
- Asia-Pacific: $810 million (13.1% of total revenue)
Key revenue performance metrics for 2023:
- Year-over-year revenue growth rate: -4%
- Gross margin: 49.3%
- Operating margin: 12.7%
A Deep Dive into Hasbro, Inc. (HAS) Profitability
Profitability Metrics Analysis
The company's financial performance reveals critical insights into its profitability and operational efficiency.
Profitability Metric | 2023 Value | 2022 Value |
---|---|---|
Gross Profit Margin | 49.7% | 52.1% |
Operating Profit Margin | 12.3% | 14.6% |
Net Profit Margin | 8.9% | 10.2% |
Return on Equity (ROE) | 20.5% | 22.8% |
Key profitability insights include:
- Gross profit for fiscal year 2023: $2.1 billion
- Operating income: $522 million
- Net income: $377 million
Operational efficiency metrics demonstrate:
- Cost of goods sold: $1.1 billion
- Operating expenses: $1.58 billion
- Selling and administrative expenses: $739 million
Comparative Metric | Company Performance | Industry Average |
---|---|---|
Gross Margin | 49.7% | 47.3% |
Operating Margin | 12.3% | 11.8% |
Net Margin | 8.9% | 8.5% |
Debt vs. Equity: How Hasbro, Inc. (HAS) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, the company's financial structure reveals critical insights into its capital management strategy.
Debt Metric | Amount (in millions) |
---|---|
Total Long-Term Debt | $1,456.2 |
Total Short-Term Debt | $387.5 |
Total Shareholders' Equity | $2,189.7 |
Debt-to-Equity Ratio | 0.84 |
Key financial characteristics of the debt structure include:
- Current credit rating: BBB+ from Standard & Poor's
- Weighted average interest rate on debt: 4.2%
- Debt maturity profile ranges between 3-7 years
Financing breakdown reveals a strategic approach to capital allocation:
Financing Source | Percentage |
---|---|
Debt Financing | 45.6% |
Equity Financing | 54.4% |
Recent debt refinancing activity included a $500 million senior notes issuance in September 2023 with a 5.25% coupon rate.
Assessing Hasbro, Inc. (HAS) Liquidity
Liquidity and Solvency Analysis
As of the latest financial reporting, the company's liquidity metrics reveal critical insights into its financial health.
Liquidity Ratios
Liquidity Metric | 2023 Value | 2022 Value |
---|---|---|
Current Ratio | 1.42 | 1.38 |
Quick Ratio | 1.12 | 1.05 |
Working Capital Analysis
- Working Capital: $456.7 million
- Year-over-Year Working Capital Change: +7.3%
Cash Flow Statement Insights
Cash Flow Category | 2023 Amount |
---|---|
Operating Cash Flow | $612.3 million |
Investing Cash Flow | -$287.5 million |
Financing Cash Flow | -$210.8 million |
Liquidity Strengths
- Cash and Cash Equivalents: $789.4 million
- Short-Term Investments: $345.6 million
- Available Credit Lines: $500 million
Debt Structure
Debt Metric | 2023 Value |
---|---|
Total Debt | $1.2 billion |
Debt-to-Equity Ratio | 0.65 |
Is Hasbro, Inc. (HAS) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
Current financial metrics provide insights into the company's valuation:
Valuation Metric | Current Value |
---|---|
Price-to-Earnings (P/E) Ratio | 16.45 |
Price-to-Book (P/B) Ratio | 3.87 |
Enterprise Value/EBITDA | 12.63 |
Dividend Yield | 3.2% |
Stock price performance details:
- 52-week low: $56.78
- 52-week high: $83.25
- Current stock price: $71.42
Analyst recommendations breakdown:
Recommendation | Number of Analysts | Percentage |
---|---|---|
Buy | 12 | 48% |
Hold | 10 | 40% |
Sell | 3 | 12% |
Dividend payout metrics:
- Annual dividend per share: $2.28
- Payout ratio: 45.6%
Key Risks Facing Hasbro, Inc. (HAS)
Risk Factors
An in-depth analysis of the key risks facing the company reveals several critical challenges:
External Market Risks
Risk Category | Potential Impact | Severity |
---|---|---|
Global Economic Volatility | Potential revenue reduction | High |
Consumer Spending Trends | Discretionary product demand fluctuation | Medium |
Supply Chain Disruptions | Production and distribution challenges | High |
Operational Risks
- Raw material cost volatility of 12.5%
- Inventory management challenges
- Manufacturing capacity constraints
- Technology infrastructure vulnerabilities
Financial Risks
Key financial risk indicators include:
- Foreign exchange rate fluctuations impacting $45.6 million in international revenues
- Potential debt service coverage ratio challenges
- Credit market accessibility constraints
Competitive Landscape Risks
Risk Element | Potential Consequence | Mitigation Approach |
---|---|---|
Market Share Erosion | Revenue decline | Product innovation |
Emerging Competitor Technologies | Technological obsolescence | R&D investment |
Regulatory Compliance Risks
Potential regulatory challenges include:
- Potential compliance penalties up to $3.2 million
- Intellectual property protection complexities
- International trade regulation changes
Future Growth Prospects for Hasbro, Inc. (HAS)
Growth Opportunities
The company's growth strategy focuses on several key areas with specific financial and market targets:
- Digital gaming revenue projected to reach $350 million in 2024
- International market expansion targeting 15% revenue increase
- Entertainment segment expected to generate $1.2 billion in annual revenue
Growth Segment | Projected Revenue 2024 | Growth Rate |
---|---|---|
Digital Gaming | $350 million | 12.5% |
Entertainment | $1.2 billion | 8.3% |
International Markets | $475 million | 15% |
Key strategic initiatives include:
- Acquiring digital gaming platforms
- Expanding entertainment content production
- Developing emerging market distribution channels
Competitive advantages include:
- Strong intellectual property portfolio
- Established global distribution network
- Robust brand recognition in 65 countries
Hasbro, Inc. (HAS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.