Fastenal Company

DB:FAS Stock Report

Market Cap: €45.7b

Fastenal Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 (€78.45) is trading above our estimate of fair value (€59.65)

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 Ratio41.2x
EarningsUS$1.15b
Market CapUS$47.60b

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 Average24x
BNR Brenntag
16.1x15.6%€8.8b
ENR Siemens Energy
31.9x23.5%€37.8b
DTG Daimler Truck Holding
8.7x11.6%€29.0b
RHM Rheinmetall
39.2x29.0%€26.9b
FAS Fastenal
41.2x7.6%€47.6b

Price-To-Earnings vs Peers: FAS is expensive based on its Price-To-Earnings Ratio (41.2x) compared to the peer average (24x).

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 41.2xIndustry 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 (41.2x) compared to the European Trade Distributors industry average (14.5x).

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 Ratio41.2x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: FAS is expensive based on its Price-To-Earnings Ratio (41.2x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

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€78.45
€69.66
-11.2%
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€44.59n/a13
Dec ’24€55.06
€54.94
-0.2%
7.1%€62.49€45.45n/a13
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
Dec ’23€49.25
€46.44
-5.7%
7.8%€53.10€41.51€55.0610
Nov ’23€48.79
€48.63
-0.3%
8.7%€56.55€43.18€55.0710

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

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