Market Cap
US$21.6b
Last Updated
2019/10/23 23:37 UTC
Data Sources
Company Financials +
Executive Summary
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally.
Snowflake
Fundamentals
Excellent balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Fastenal's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
5.8%
FAST
4.1%
US Trade Distributors
0.4%
US Market
1 Year Return
54.8%
FAST
17.6%
US Trade Distributors
11.4%
US Market
Return vs Industry: FAST exceeded the US Trade Distributors industry which returned 15.3% over the past year.
Return vs Market: FAST exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| FAST | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.8% | 4.1% | 0.4% |
| 30 Day | 16.7% | 6.7% | 0.3% |
| 90 Day | 19.8% | 6.2% | -1.2% |
| 1 Year | 58.9%54.8% | 19.8%17.6% | 13.9%11.4% |
| 3 Year | 109.6%93.0% | 49.8%43.3% | 47.2%37.6% |
| 5 Year | 101.2%75.1% | 34.0%24.4% | 62.4%44.6% |
Price Volatility Vs. Market
How volatile is Fastenal's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
4 Days Left Until Fastenal Company (NASDAQ:FAST) Trades Ex-Dividend1 week ago | Simply Wall St
Here's What Analysts Are Forecasting For Fastenal Company After Its Latest Third-Quarter Results1 week ago | Simply Wall St
Are Fastenal Company’s (NASDAQ:FAST) High Returns Really That Great?Valuation
Is Fastenal undervalued compared to its fair value and its price relative to the market?
27.62x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FAST ($37.66) is trading above our estimate of fair value ($26.62)
Significantly Below Fair Value: FAST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FAST is poor value based on its PE Ratio (27.6x) compared to the Trade Distributors industry average (16.9x).
PE vs Market: FAST is poor value based on its PE Ratio (27.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: FAST is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: FAST is overvalued based on its PB Ratio (8.4x) compared to the US Trade Distributors industry average (1.7x).
Next Steps
Future Growth
How is Fastenal forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
7.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FAST's forecast earnings growth (7.7% per year) is above the savings rate (2.7%).
Earnings vs Market: FAST's earnings (7.7% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: FAST's earnings are forecast to grow, but not significantly.
Revenue vs Market: FAST's revenue (7% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: FAST's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FAST's Return on Equity is forecast to be high in 3 years time (34.7%)
Next Steps
Past Performance
How has Fastenal performed over the past 5 years?
10.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FAST's earnings have grown by 10.7% per year over the past 5 years.
Accelerating Growth: FAST's earnings growth over the past year (6.2%) is below its 5-year average (10.7% per year).
Earnings vs Industry: FAST earnings growth over the past year (6.2%) exceeded the Trade Distributors industry 0.9%.
Return on Equity
High ROE: FAST's Return on Equity (30.2%) is considered high.
Return on Assets
ROA vs Industry: FAST has a higher Return on Assets than the Trade Distributors industry average last year.
Return on Capital Employed
ROCE Improving: FAST's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Fastenal's financial position?
Financial Position Analysis
Short Term Liabilities: FAST's short term assets ($2.5B) exceeds its short term liabilities ($555.1M)
Long Term Liabilities: FAST's short term assets (2.5B) exceeds its long term liabilities (673.4M)
Debt to Equity History and Analysis
Debt Level: FAST's debt to equity ratio (17.2%) is considered satisfactory
Reducing Debt: FAST's debt to equity ratio has increased from 5.5% to 17.2% over the past 5 years.
Debt Coverage: FAST's debt is well covered by operating cash flow (172.7%).
Interest Coverage: FAST's interest payments on its debt are well covered by EBIT (72x coverage).
Balance Sheet
Inventory Level: FAST has a high level of physical assets or inventory.
Debt Coverage by Assets: FAST's debt is covered by short term assets (assets are 5.6x debt).
Next Steps
Dividend
What is Fastenal's current dividend yield, its reliability and sustainability?
2.34%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: FAST's dividend (2.34%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: FAST's dividend (2.34%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: FAST's dividend payments have been volatile in the past 10 years.
Growing Dividend: FAST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.3%), FAST's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FAST's dividends in 3 years are forecast to be covered by earnings (67.9% payout ratio).
Next Steps
Management
What is the CEO of Fastenal's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Dan Florness (56yo)
3.8yrs
Tenure
US$2,429,411
Compensation
Mr. Daniel L. Florness, also known as Dan, has been the Chief Executive Officer, President and Director at Fastenal Company since January 1, 2016. Mr. Florness served as the Chief Financial Officer of Fast ...
CEO Compensation Analysis
Compensation vs. Market: Dan's total compensation ($USD2.43M) is below average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.8yrs
Average Tenure
54yo
Average Age
Experienced Management: FAST's management team is considered experienced (3.8 years average tenure).
Board Age and Tenure
7.3yrs
Average Tenure
56yo
Average Age
Experienced Board: FAST's board of directors are considered experienced (7.3 years average tenure).
Insider Trading
Insider Buying: FAST insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$28.99 |
| Entity | Individual |
| Shares | 2,500 |
| Max Price | US$30.49 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,104 |
| Max Price | US$30.13 |
| Entity | Individual |
| Role | Member of the Board of Directors Senior EVP of Operations & Director |
| Shares | 10,000 |
| Max Price | US$30.26 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$30.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | US$30.00 |
Ownership Breakdown
Management Team
Dan Florness (56yo)
President
- Tenure: 3.8yrs
- Compensation: US$2.43m
Will Oberton (61yo)
Independent Chairman of the Board
- Tenure: 5.5yrs
- Compensation: US$385.00k
Nicholas Lundquist (62yo)
Senior EVP of Operations & Director
- Tenure: 0yrs
- Compensation: US$301.45k
Reyne Wisecup (56yo)
Senior EVP of Human Resources & Director
- Tenure: 19.3yrs
- Compensation: US$1.29m
Holden Lewis (50yo)
Executive VP & CFO
- Tenure: 3.2yrs
- Compensation: US$1.12m
Sheryl Lisowski (52yo)
Controller
- Tenure: 6yrs
- Compensation: US$230.84k
Terry Owen (51yo)
Senior Executive Vice President of Sales Operations
- Tenure: 5.4yrs
- Compensation: US$1.50m
Jeffery Watts (47yo)
Executive Vice President of International Sales
- Tenure: 2.8yrs
- Compensation: US$1.43m
John Milek
VP & General Counsel
- Tenure: 0yrs
Ellen Stolts
Financial Reporting & Regulatory Compliance Manager
- Tenure: 0yrs
Board Members
Darren Jackson (54yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$133.00k
Dan Florness (56yo)
President
- Tenure: 3.8yrs
- Compensation: US$2.43m
Will Oberton (61yo)
Independent Chairman of the Board
- Tenure: 5.5yrs
- Compensation: US$385.00k
Nicholas Lundquist (62yo)
Senior EVP of Operations & Director
- Tenure: 0yrs
- Compensation: US$301.45k
Reyne Wisecup (56yo)
Senior EVP of Human Resources & Director
- Tenure: 19.3yrs
- Compensation: US$1.29m
Mike Dolan (71yo)
Independent Director
- Tenure: 19.3yrs
- Compensation: US$196.00k
Scott Satterlee (50yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$129.00k
Rita Heise (62yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$129.00k
Michael Ancius (54yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$147.00k
Steve Eastman (54yo)
Independent Director
- Tenure: 4.3yrs
- Compensation: US$141.00k
Company Information
Fastenal Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fastenal Company
- Ticker: FAST
- Exchange: NasdaqGS
- Founded: 1967
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$21.599b
- Shares outstanding: 573.53m
- Website: https://www.fastenal.com
Number of Employees
Location
- Fastenal Company
- 2001 Theurer Boulevard
- Winona
- Minnesota
- 55987
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FAST | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Aug 1987 |
| FAS | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 1987 |
| FAST | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Aug 1987 |
| FAST * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Aug 1987 |
| FASL34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REP 1 COM USD0.01 | BR | BRL | May 2019 |
Biography
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and o ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:37 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.