` Comparison: SHM vs HAS - Alpha Spread

SHM
vs
HAS

Over the past 12 months, SHM has underperformed HAS, delivering a return of -30% compared to the HAS's +49% growth.

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SHM
HAS
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Valuation Comparison

SHM Intrinsic Value
80.87 EUR
Overvaluation 10%
Intrinsic Value
Price €89.9
HAS Intrinsic Value
88.66 USD
Overvaluation 5%
Intrinsic Value
Price $93.6
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Shimano Inc
F:SHM
89.9 EUR
Hasbro Inc
NASDAQ:HAS
93.6 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
SHM, HAS

SHM
HAS
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Shimano Inc
Revenue
Hasbro Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
SHM, HAS

SHM
HAS
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Shimano Inc
F:SHM
Hasbro Inc
NASDAQ:HAS
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What is Free Cash Flow?

Gross Margin

SHM
35.7%
HAS
64.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

Operating Margin

SHM
11.1%
HAS
23.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

Net Margin

SHM
7.3%
HAS
-6.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

FCF Margin

SHM
3.9%
HAS
14.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

ROE

SHM
3.9%
HAS
-35.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

ROA

SHM
3.6%
HAS
-5%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

ROIC

SHM
7.3%
HAS
68.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

ROCE

SHM
5.8%
HAS
24.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Shimano Inc
Hasbro Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SHM, HAS

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Performance Gap
SHM, HAS

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SHM
HAS
Difference
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Performance By Year
SHM, HAS

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SHM
HAS
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett