HAS
Hasbro, Inc.
HAS's fundamentals are strong and it looks cheap: trading at 18x earnings, below its usual 29x. Analysts expect strong earnings growth.
HAS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
HAS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
HAS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $121 | — |
| Forward | 18x | $121 | — |
| Cheap | 20x | $133 | +9.6% |
| Fair | 29x | $198 | +63% |
| Expensive | 37x | $247 | +104% |
Historical ranges are pointers, not guarantees.
HAS's PE is in its cheap range at 18.0x. On analysts' estimates for next year's earnings, today's price would be 17.7x.
HAS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HAS, with profitability improving.
HAS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.85 | +1.7% |
| Q3 2026 | $6.74 | +$10.75 |
| Q2 2026 | $5.61 | +$9.67 |
| Q1 2026 | -$1.61 | -153% |
| Q4 2025 | -$2.30 | -184% |
| Q3 2025 | -$4.01 | +$0.64 |
| Q2 2025 | -$4.06 | +$3.41 |
| Q1 2025 | $3.03 | +$13.18 |
| Q4 2024 | $2.75 | +$13.48 |
HAS has returned to profit: it earned $6.74 per share over the past year, after losing money the year before.
HAS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +0.3% |
| Q2 2026 | $1.3B | +14% |
| Q1 2026 | $1.1B | +11% |
| Q4 2025 | $1.6B | -4.5% |
| Q3 2025 | $1.6B | +24% |
| Q2 2025 | $1.1B | +14% |
| Q1 2025 | $1B | +33% |
| Q4 2024 | $1.7B | +33% |
HAS's revenue fell from its 2021 peak and has held roughly level since: $1.6B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +11 points |
| Q2 2026 | 20% | +90 points |
| Q1 2026 | 24% | +7.3 points |
| Q4 2025 | 18% | +15 points |
| Q3 2025 | 21% | -2.1 points |
| Q2 2025 | -70% | -92 points |
| Q1 2025 | 17% | +1.6 points |
| Q4 2024 | 3.5% | +97 points |
HAS's operating margin was 32% last quarter, up 11 points from the same quarter a year ago, near the top of its range since 2019.
HAS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $273.4M | +4.8% |
| Q2 2026 | $247.7M | +349% |
| Q1 2026 | $315.5M | +154% |
| Q4 2025 | $389.5M | +22% |
| Q3 2025 | $260.9M | +50% |
| Q2 2025 | $55.2M | -59% |
| Q1 2025 | $124.3M | -5.8% |
| Q4 2024 | $318.8M | -6.7% |
HAS generated $1.2B in free cash flow over the past year, up 61% from the year before.
HAS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -600K shares |
| 1 year | +0.2% | +300K shares |
| 3 years | +2.7% | +3.7M shares |
| 5 years | +2.9% | +4M shares |
| Available history | +11% | +14M shares |
HAS has 143M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $107.8M |
| Q2 2026 | $33.8M |
| Q1 2026 | $7.7M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | — |
| Q3 2022 | $1M |
| Q4 2020 | — |
HAS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 11.5x | High |
| Q4 2025 | 17.0x | High |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.2x | Elevated |
| Q2 2023 | 31.9x | High |
| Q1 2023 | 6.6x | High |
HAS's net debt is about 1.8 years of its operating earnings (EBITDA), down from 3.0 years a year ago.
HAS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 77.5 | Overbought |
| Stochastic | 91.1 | Overbought |
HAS's weekly RSI is 77 (overbought) and its Stochastic is 91 (overbought).
HAS PE vs Consumer Cyclical Sector
| Metric | HAS | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | Same PE |
| PE % | 10 | 47 | 37 pts below |
HAS is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
HAS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $105.8 | 15% above |
| 20 week MA | $96.0 | 27% above |
| 50 week MA | $92.4 | 31% above |
| 100 week MA | $80.4 | 51% above |
| 200 week MA | $69.7 | 74% above |
HAS is in an uptrend: it's above all five of its weekly moving averages, and 74% above its 200-week average.
HAS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $105.8 | $93.2 | -12% |
| 2021 | $93.2 | $97.9 | +5.1% |
| 2022 | $97.9 | $58.2 | -41% |
| 2023 | $58.2 | $51.1 | -12% |
| 2024 | $51.1 | $56.7 | +11% |
| 2025 | $56.7 | $82.6 | +46% |
| 2026 YTD | $82.6 | $121.5 | +47% |
HAS is up 47% so far in 2026, after finishing lower in three of the previous six years.