Lego stock is not available on any stock exchange and has no stock symbol because it is a privately held, family-owned business based in Denmark.
Investors have not ignored Lego’s history of success, profitability, and powerful branding.
We share interesting insights into Lego and highlight four great toy companies worth investing in.
Note: This is an unbiased research report. The author or Liberated Stock Trader is not affiliated, paid by, or owns stock in any of the companies mentioned in this report.
Lego Stock
Investors cannot purchase shares in Lego, the fourth most popular toy brand of all time. Lego is a family-owned business and does not need external financing. The Kristiansen family owns 75% of the stock, and the Lego charitable foundation owns 25%. Lego’s equity is worth $4.2 billion.
No Lego stock is publicly available because LEGO Group is a privately held company. LEGO stays private because not going public gives management more control over the business.
Why Lego is not on the Stock Market
Lego is not on the stock market because staying private allows the Kristiansen family, who founded LEGO in 1932, to keep control of the company.
The current owner is Kjeld Kirk Kristiansen, a grandchild of founder Ole Kirk Kristiansen. The founder’s great-grandson, Thomas Kristiansen, is the current chairman of the LEGO Group. Another reason LEGO stays private is to keep its headquarters in Billund, Denmark.
Lego Stock Price
You cannot buy shares in Lego directly as a retail investor. Lego is not publicly traded because the Kristiansen family and the Lego Charitable Foundation wholly own it.
No Lego stock price is available because it is a private company that is not listed on any stock exchange.
Lego Stock Symbol
There is no stock ticker or symbol for Lego as the company is not publicly listed on any stock exchange in the USA or its founding country, Denmark.
To acquire an official stock ticker symbol, Lego would need to float on the stock market by going through an initial public offering.
In summary, no LEGO ticker symbol exists because no Lego stock trades in the markets.
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Lego Stock IPO
There are no known plans for a LEGO stock initial public offering (IPO). There is no IPO because the Kristiansen family prefers to keep the company private.
Since LEGO is making enormous amounts of money as a private country, it is doubtful that the Kristiansens will take it public. No LEGO public stock exists because the Kristiansens do not need the money an IPO could raise.
4 Great Investing Alternatives to Lego
Although the LEGO Group is not public, some excellent alternatives to the company are available to stock market investors.
1. Roblox Corp (NYSE: RBLX)
Roblox (RBLX) is one of the most popular massive multiplayer online games (MMOGs). Roblox is unique because it caters to children with family-friendly content.
The Roblox platform allows developers to create games for kids. Users build virtual worlds and play user-created games in Roblox’s metaverse (digital platform).
Almost 80% of Roblox users are under 16, and Roblox was the second most downloaded mobile game in the world in 2021, with 182 million downloads.
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In the third quarter of 2024, Roblox had 58.8 million daily active users and 202 million monthly active users. The number of Roblox accounts created could soon rise to three billion.
The Roblox platform hosts over 50 million experiences. The Roblox platform supports 9.5 million developers.
Unlike LEGO, Roblox trades on the New York Stock Exchange under the ticker symbol RBLX. The value proposition at Roblox is that it is a fast-growing new brand that has earned parents’ trust and respect just as Lego has.
Many people regard Roblox as the digital Lego, or the Lego, of the future. Parents, in particular, will consider Roblox a value because it takes their money. Others regard Roblox as one of the few Metaverse stocks that could make money.
Roblox’s value proposition is its 202 million monthly active users. The company can instantly reach 202 million potential customers worldwide, many of whom are under 16, which gives Roblox the potential to dominate future toy and game sales.
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2. Jakks Pacific Inc. (NASDAQ: JAKKS)
Jakks Pacific (JAKKS) capitalizes on pop culture by making toys, including dolls and action figures, based on movies, video games, and brands.
One of Jakks’s biggest values is its partnership with the Walt Disney Company (DIS). Jakk’s product line includes Disney Princess dolls and Disney Lilly dolls. Jakks also makes toys based on Disney movies such as Frozen, Moanna, and Rava. Other Jakks products include toys based on Super Mario, Sonic the Hedge Hog, PAW Patrol, Apex Legends, and Jurassic Park. Jakks has proprietary toys, including Toilet Paper Blasters and Jakks Wild games.
Jakks’s value proposition is products attached to enormous pop culture brands such as Disney. Jakks investors bet kids will demand toys based on movies, cartoons, or video games. Cynics will note that today’s children prefer Roblox and other digital toys to Jakks’ action figures and plastic vehicles.
3. Mattel Inc. (NASDAQ: MAT)
The value proposition at Mattel (MAT) is the world’s most popular doll brand: Barbie.
Based on the latest reports, Mattel Inc. continues to display stable financial performance. Their latest annual report and quarterly earnings include specific financial details such as revenue, expenses, and net income.
While specific sales figures for the Barbie brand are not mentioned in the financials, it’s important to note that it is one of Mattel’s flagship brands and has historically contributed significantly to its revenue.
Other value propositions at Mattel include several iconic toy brands, including Fisher Price, Hotels, and American Girl. Mattel also markets some licensed products based on Disney’s Cars, DC Superheroes, Disney’s Toy Story, Hello Kitty, World Wrestling Entertainment, and Thomas & Friends. Mattel even manufactures a competitor to LEGO, the Mega blocks.
Mattel has a portfolio of hundreds of toy brands, giving it a diversified portfolio that survives changing toy tastes. Mattel can license, design, manufacture, and market new toys quickly.
4. Hasbro Inc. (NASDAQ: HAS)
The value proposition at Hasbro (HAS) is several of the world’s most popular toy lines.
Hasbro’s toy portfolio includes GI Joe, Tonka, the Transformers, My Little Pony, Nerf, Play-Doh, FurReal, Baby Alive, Play School, and Mr. Potato Head. Mattel’s licensed products include Star Wars, Marvel, Super Heroes, Peppa Pig, and the Power Rangers. GI Joe and the Transformers have inspired popular movies, comic books, and cartoons. Hasbro now owns its own movie studio, eOne, to produce GI Joe and Transformers films.
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Like Jakks Pacific, Hasbro has an alliance with Disney (DIS). Hasbro markets Disney’s lucrative Star Wars and Marvel toy brands.
An interesting source of value at Hasbro is the world’s most popular board game, Monopoly. Hasbro has sold over 250 million Monopoly boards, and over 1,500 versions of Monopoly now exist, including Avengers, Star Wars, Harry Potter, and Shrek variants.
Other popular Hasbro Games include Clue (Cluedo in the United Kingdom), Operation, Connect Four, Jenga, Twister, The Game of Life, and Risk. Hasbro also owns the makers of the Dungeons and Dragons card games and is developing digital versions of them.
Like Lego, Hasbro’s value proposition is iconic toys and games that never go out of style.
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Latest Lego Financial News
In 2024, LEGO has been involved in several significant financial and political developments:
- Revenue Growth: LEGO reported a robust 13% increase in revenue for the first half of 2024, reaching approximately 31 billion Danish kroner (around $4.65 billion). This growth reflects strong consumer demand and successful product launches, even as the broader toy market faced challenges (source).
- Sustainability Initiatives: LEGO has made headlines with its commitment to sustainability. The company is actively working to transition to renewable materials for its products, aiming to reduce its carbon footprint. This initiative aligns with growing consumer demand for environmentally friendly products and reflects a broader trend in corporate responsibility.
- Political Engagement: LEGO has engaged in discussions about the importance of play and education in children’s development, advocating for policies that support creative learning. This political engagement emphasizes the company’s commitment to social responsibility and education.
- Market Position: Despite a slight decline in the overall toy market, LEGO’s sales have remained strong. The company has successfully differentiated itself through innovative product offerings and strategic marketing, reinforcing its position as a leader in the toy industry (source).
- Future Outlook: LEGO’s leadership has expressed optimism about future growth, particularly in emerging markets. The company continues to invest in new product lines and digital experiences, positioning itself for continued success in a competitive landscape.
These developments highlight LEGO’s strong financial performance and proactive approach to sustainability and social issues, ensuring its relevance in both the market and the political arena.
Does Lego have stock?
The LEGO Group has stock, but it is only available to the Kristiansens and the Lego Foundation, a charity the family controls. Kirkbi A/S, a holding company the Kristiansens control, owns 75% of LEGO stock, and the Lego Foundation owns the other 25%. This makes the LEGO Group a private company. One reason the Kristiansens keep LEGO private is to keep company control in their hands.
Why Lego is a Great Company
The LEGO Group has manufactured over 320 billion Lego blocks. Money Inc. named Lego the fourth most popular toy of all time. The only toys that outsold Lego are Barbie, Pokemon, and video games. National Geographic claims gift-givers buy 28 Lego sets every second during the holiday shopping season.
Lego is so popular that it has inspired stores and theme parks. The LEGO Group operates 10 Legoland theme parks in seven countries and one Legoland Water Park. The LEGO Group is also a retailer, operating 731 stores in 50 countries. LEGO is now opening large flagship stores in some countries, celebrating the nation’s heritage and culture.
The LEGO Group is one of the world’s most successful toy companies. Lego Group claims its consumer sales grew by 22% between 2020 and 2022. They also claim Lego Group’s revenues grew by 27%, and the operating profit grew by 32% between 2020 and 2022.
Lego Success & Expansion
LEGO is so successful that the company has spent $1 billion to build a new factory near Ho Chi Minh City (Saigon), Vietnam. There are also plans for a new $1 billion Lego factory in the US state of Virginia. Current plans are to expand Lego’s manufacturing footprint to seven factories on three continents by 2025.
The LEGO Group is also expanding production at its existing factories. The company is spending $500 million to expand its factory in Monterey, Mexico, by adding a fully automated warehouse and expanding production by 50%. LEGO Group operates factories in Denmark, Hungary, China, and the Czech Republic.
LEGO is increasing production in North America and Vietnam because of the growing Trade War between the United States and the People’s Republic of China.
