Fastenal Company

DB:FAS Stock Report

Market Cap: €39.9b

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 (€69.09) is trading below our estimate of fair value (€79.56)

Significantly Below Fair Value: FAS is trading below fair value, but not by a significant amount.

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 Ratio35.6x
EarningsUS$1.15b
Market CapUS$41.07b

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 Average24.4x
BNR Brenntag
15.3x15.8%€8.3b
ENR Siemens Energy
34.7x22.1%€41.1b
DTG Daimler Truck Holding
8.5x12.9%€28.3b
RHM Rheinmetall
39x29.9%€26.7b
FAS Fastenal
35.6x7.8%€41.1b

Price-To-Earnings vs Peers: FAS is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (24.4x).

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 35.6xIndustry Avg. 14.2xNo. of Companies11PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FAS is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the European Trade Distributors industry average (14.2x).

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 Ratio35.6x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: FAS is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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
Current€69.09
€73.47
+6.3%
12.7%€85.40€49.49n/a13
Dec ’25€79.23
€69.66
-12.1%
13.3%€83.34€48.30n/a13
Nov ’25€71.63
€66.82
-6.7%
12.7%€79.42€47.10n/a12
Oct ’25€63.93
€58.58
-8.4%
11.1%€72.15€46.00n/a11
Sep ’25€60.89
€58.10
-4.6%
11.2%€73.15€46.63n/a10
Aug ’25€65.28
€58.10
-11.0%
11.2%€73.15€46.63n/a10
Jul ’25€58.20
€60.67
+4.2%
13.8%€79.16€47.50n/a10
Jun ’25€59.73
€62.07
+3.9%
11.9%€78.70€46.30n/a11
May ’25€63.79
€62.78
-1.6%
12.2%€79.79€46.94n/a11
Apr ’25€71.24
€59.91
-15.9%
13.9%€78.07€45.93n/a12
Mar ’25€67.56
€59.09
-12.5%
10.8%€69.74€46.49n/a12
Feb ’25€63.15
€58.32
-7.6%
10.6%€68.92€45.95n/a12
Jan ’25€58.58
€54.05
-7.7%
7.2%€61.31€44.59€69.7713
Dec ’24€55.06
€54.94
-0.2%
7.1%€62.49€45.45€79.2313
Nov ’24€55.07
€54.94
-0.2%
7.1%€62.49€45.45€71.6313
Oct ’24€52.55
€52.62
+0.1%
7.6%€57.50€45.02€63.9314
Sep ’24€53.07
€51.42
-3.1%
7.7%€56.26€44.05€60.8913
Aug ’24€53.23
€50.81
-4.6%
8.0%€56.63€43.15€65.2814
Jul ’24€53.88
€50.16
-6.9%
9.5%€57.59€42.05€58.2013
Jun ’24€50.38
€49.43
-1.9%
9.4%€57.47€41.97€59.7313
May ’24€49.07
€49.43
+0.7%
9.4%€57.47€41.97€63.7913
Apr ’24€48.44
€48.79
+0.7%
10.1%€59.42€39.61€71.2412
Mar ’24€48.60
€48.79
+0.4%
10.1%€59.42€39.61€67.5612
Feb ’24€46.01
€46.12
+0.3%
7.7%€51.54€38.65€63.1511
Jan ’24€44.51
€47.28
+6.2%
7.3%€52.43€40.99€58.5810

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 16:20
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fastenal Company is covered by 41 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
David MantheyBaird
Scott DavisBarclays