Callaway Golf Co (CALY) is fairly valued and Hasbro Inc (HAS) is slightly undervalued.
Against our estimates of intrinsic value, HAS trades at the wider discount: a margin of safety of +6%, against -2% for CALY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.4% (average of 2 methods) values the shares at $14.52; the price of $14.81 is 2% above that value, and 74% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $92.06; the price of $86.91 is 6% below that value, and 81% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | CALY | HAS |
|---|---|---|
| Verdict | Fairly valued | Slightly undervalued |
| Price | $14.81 | $86.91 |
| Intrinsic value | $14.52 | $92.06 |
| Margin of safety | -2% | +6% |
| Leak Score | 0/100 (2/12) | 59/100 (3/12) |
| Market cap | $2.6B | $12.3B |
| Revenue growth, 5 years | 5.3% | -3.0% |
| Operating margin | 8.6% | 28.1% |
| Net margin | -9.0% | 16.0% |
| Return on equity | 3.0% | 167.8% |
| Debt to equity | 0.13 | 5.50 |
| P/E | — | 15.6x |
| Forward P/E | 16.5x | 13.4x |
| P/B | 1.2x | 17.4x |
| Dividend yield | — | 3.2% |