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Fastenal Valuation

Is FAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FAS (€60.82) is trading above our estimate of fair value (€54.21)

Significantly Below Fair Value: FAS is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FAS?

Key metric: As FAS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FAS. This is calculated by dividing FAS's market cap by their current earnings.
What is FAS's PE Ratio?
PE Ratio32.3x
EarningsUS$1.15b
Market CapUS$37.21b

Price to Earnings Ratio vs Peers

How does FAS's PE Ratio compare to its peers?

The above table shows the PE ratio for FAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.4x
FERG Ferguson Enterprises
24.2x8.8%US$41.9b
GWW W.W. Grainger
32.1x8.2%US$58.8b
URI United Rentals
21.7x9.0%US$55.7b
512599 Adani Enterprises
47.6x33.4%₹2.6t
FAS Fastenal
32.3x7.7%€37.2b

Price-To-Earnings vs Peers: FAS is good value based on its Price-To-Earnings Ratio (32.3x) compared to the peer average (36.1x).


Price to Earnings Ratio vs Industry

How does FAS's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FAS 32.3xIndustry Avg. 14.5xNo. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FAS is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the European Trade Distributors industry average (14.7x).


Price to Earnings Ratio vs Fair Ratio

What is FAS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FAS's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€58.15
0%
11.2%€73.22€46.68n/a10
Nov ’25n/a
€58.15
0%
11.2%€73.22€46.68n/a10
Oct ’25n/a
€58.15
0%
11.2%€73.22€46.68n/a10
Sep ’25n/a
€58.15
0%
11.2%€73.22€46.68n/a10
Aug ’25€64.79
€58.10
-10.3%
11.2%€73.15€46.63n/a10
Jul ’25€58.25
€60.67
+4.2%
13.8%€79.16€47.50n/a10
Jun ’25€59.58
€62.07
+4.2%
11.9%€78.70€46.30n/a11
May ’25€63.95
€62.78
-1.8%
12.2%€79.79€46.94n/a11
Apr ’25€71.88
€59.91
-16.7%
13.9%€78.07€45.93n/a12
Mar ’25€67.34
€59.09
-12.2%
10.8%€69.74€46.49n/a12
Feb ’25€62.91
€58.32
-7.3%
10.6%€68.92€45.95n/a12
Jan ’25€58.63
€54.05
-7.8%
7.2%€61.31€44.59n/a13
Dec ’24€55.37
€54.94
-0.8%
7.1%€62.49€45.45n/a13
Nov ’24€55.08
€54.94
-0.3%
7.1%€62.49€45.45n/a13
Oct ’24€52.34
€52.62
+0.5%
7.6%€57.50€45.02n/a14
Sep ’24€53.39
€51.42
-3.7%
7.7%€56.26€44.05n/a13
Aug ’24€53.40
€50.81
-4.9%
8.0%€56.63€43.15€64.7914
Jul ’24€54.14
€50.16
-7.4%
9.5%€57.59€42.05€58.2513
Jun ’24€49.68
€49.43
-0.5%
9.4%€57.47€41.97€59.5813
May ’24€48.94
€49.43
+1.0%
9.4%€57.47€41.97€63.9513
Apr ’24€48.77
€48.79
+0.06%
10.1%€59.42€39.61€71.8812
Mar ’24€48.23
€48.79
+1.2%
10.1%€59.42€39.61€67.3412
Feb ’24€46.28
€46.12
-0.3%
7.7%€51.54€38.65€62.9111
Jan ’24€44.33
€47.28
+6.7%
7.3%€52.43€40.99€58.6310
Dec ’23€48.99
€46.44
-5.2%
7.8%€53.10€41.51€55.3710
Nov ’23n/a
€48.63
0%
8.7%€56.55€43.18€55.0810

Analyst Forecast: Target price is lower than the current share price.


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