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DCF valuation

What is Hasbro, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Hasbro, Inc.'s reported free cash flow gives $59.16 per share. The share price was $121.20 on November 10, 2026, 105% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$829.9M
Average free cash flow, last 5 years
$622M
Cash
$850.7M
balance sheet of September 27, 2026
Debt
$3.51B
balance sheet of September 27, 2026
Diluted shares, fiscal 2025
140,200,000
Revenue growth per year, last 5 years
-0.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-5.5%-2.0%2.0%10.0%$29.98-75%
Base-0.5%1.0%2.5%9.0%$59.16-51%
Bull4.5%4.0%3.0%8.0%$115.95-4%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$79.24$85.24$92.58$101.74$113.53
8.0%$64.35$68.25$72.84$78.36$85.11
9.0%$53.43$56.09$59.16$62.74$66.97
10.0%$45.06$46.96$49.10$51.55$54.38
11.0%$38.45$39.84$41.39$43.14$45.11

Where the presets come from

Base: years 1 to 5 grow at Hasbro, Inc.'s revenue growth rate over the last 5 fiscal years (-0.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Hasbro, Inc. company page