Hasbro Inc (HAS) is slightly undervalued and Mattel Inc (MAT) is undervalued.
Against our estimates of intrinsic value, MAT trades at the wider discount: a margin of safety of +20%, against +6% for HAS.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $16.60; the price of $13.21 is 20% below that value, and 81% of that value comes from beyond year five.
Leak Score 84/100 on 3 of 12 signals
| Metric | HAS | MAT |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $86.91 | $13.21 |
| Intrinsic value | $92.06 | $16.60 |
| Margin of safety | +6% | +20% |
| Leak Score | 59/100 (3/12) | 84/100 (3/12) |
| Market cap | $12.3B | $3.8B |
| Revenue growth, 5 years | -3.0% | 3.1% |
| Operating margin | 28.1% | 8.7% |
| Net margin | 16.0% | 7.8% |
| Return on equity | 167.8% | 20.5% |
| Debt to equity | 5.50 | 1.37 |
| P/E | 15.6x | 9.7x |
| Forward P/E | 13.4x | 8.3x |
| P/B | 17.4x | 1.9x |
| Dividend yield | 3.2% | — |