# Hasbro, Inc. (HAS) — Stock CV

Hasbro, Inc. is a $13.2B consumer company. Revenue grew 17.0% over the last year, it keeps 16¢ of every dollar of sales as profit, and its net debt equals ~1.6 years of free cash flow. It trades at 16.6× earnings — near the lowest of its own history.

> Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio.

## Identity

- **Ticker**: HAS
- **Sector**: Consumer Cyclical
- **Industry**: Games, Toys & Children'S Vehicles (No Dolls & Bicycles)
- **Headquarters**: PAWTUCKET, RI
- **Employees**: 4 520
- **Website**: https://www.hasbro.com
- **Market cap**: $13.2B
- **Last price**: $93.32
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $4.97B
- **Net income**: $794M
- **Free cash flow**: $1.21B
- **Net debt**: $1.99B
- **P/E**: 16.6
- **Revenue growth (YoY)**: 17.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 20 |
| Profitability | 65 |
| Health | 26 |
| Quality | 77 |
| Moat | 63 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +17.0% YoY
- [x] Profitable — $794M TTM
- [ ] Profit growing — -183.6% YoY
- [x] Generates cash — $1.21B TTM
- [x] Debt under control — ~1.6y of cash flow to repay
- [x] Established company — $13.2B market cap
- [x] Not printing shares — +2.1% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — health score 21/100
- [x] Pays a dividend — yield 2.99%
- [x] Valuation not extreme — P/E 16.6

## Experience (career milestones)

- **FY2019** — Became debt-free: cash now exceeds total debt
- **FY2016** — First recorded profitable year: $551M net income
- **FY2016** — Revenue already above $1B: $5.02B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **FY2016** — Best year on record: $551M net income

## Strengths

- High gross margin (64.8%)
- Revenue growing 17.0% year over year
- Strong cash conversion — FCF is 24.4% of revenue

## Watch-outs

- Thin interest coverage (0.2×)
- Loss-making in 2 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $6.42B | $429M | $685M |
| FY2022 | $5.86B | $204M | $199M |
| FY2023 | $5.00B | -$1.49B | $516M |
| FY2024 | $4.14B | $386M | $760M |
| FY2025 | $4.70B | -$322M | $830M |

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Source: https://stockcv.com/HAS — derived from company filings; may be delayed or incomplete. Information, not investment advice.