TGM's two-stage DCF values Hasbro, Inc. (HAS) between $52.99 and $111.21 depending on assumptions, with a base case of $72.69. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth (floored at 2%)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$93.94 is justified only if free cash flow grows about +6.9% a year (fading to 2.5% long-run) at a 7.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 8.5% | $52.99 |
| Base case | 2.0%/yr | 7.5% | $72.69 |
| Optimistic | 5.0%/yr | 6.5% | $111.21 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 1, 2026 · assumptions not provided | $76.71 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$93.94
Market-Implied Growth
+6.9%/yr
vs -0.5% 5Y actual
Model Scenario Range
$52.99 – $111.21
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for HAS (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $638.3M · 0.14B shares · net debt $2.5B
Estimated Fair Value
$72.69
-22.6% vs $93.94
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $93.94; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $99.24 | $114 | $133 | $160 | $200 |
| 6.5% | $75.78 | $84.44 | $95.26 | $109 | $128 |
| 7.5% | $60.15 | $65.85 | $72.69 | $81.04 | $91.47 |
| 8.5% | $48.98 | $52.98 | $57.65 | $63.15 | $69.74 |
| 9.5% | $40.61 | $43.55 | $46.90 | $50.76 | $55.26 |
