"Star Wars" fans are eagerly awaiting the release of "Star Wars: Episode VII - The Force Awakens," the seventh episode of the series, which is due to hit theaters on December 18.

Now is the time to consider how to benefit from the enthusiasm of fans around the world.

One potential "Star Wars" trade is JAKKS Pacific Inc. (JAKK), which makes toys based on "Star Wars," Batman, Nintendo and Disney's "Frozen" characters. JAKK also makes toys based on other popular brands.

During the past 12 months, the company reported almost $850 million in sales. Due to a history of losses, the stock has a market cap equal to just 20 percent its sales. Typical toy makers have a market cap equal to 130 percent of their sales. Based solely on this metric, JAKK is deeply undervalued.

Analysts believe the company is finally on a profitable path. Earnings per share (EPS) are expected to be $0.78 this year. In 2016, EPS are expected to grow by 10 percent to $0.86 with additional growth of 33 percent in 2017.

Based on expected long-term earnings growth of 15 percent a year, one popular valuation model provides a price target of $12.90 a share, more than 50 percent above the current price.

"Star Wars" could provide the catalyst for that stock move. JAKK could benefit as more investors learn about its relationship with the multi-billion dollar franchise and the stock price could quickly move towards its price target.