Market Cap
US$18.3b
Last Updated
2020/03/31 00:28 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, Mexico, North America, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: FAST has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.4%
FAST
7.6%
US Trade Distributors
7.2%
US Market
1 Year Return
-3.7%
FAST
-24.7%
US Trade Distributors
-10.4%
US Market
Return vs Industry: FAST exceeded the US Trade Distributors industry which returned -24.7% over the past year.
Return vs Market: FAST exceeded the US Market which returned -10.4% over the past year.
Shareholder returns
| FAST | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 7.6% | 7.2% |
| 30 Day | -7.1% | -23.2% | -12.6% |
| 90 Day | -13.9% | -34.5% | -19.4% |
| 1 Year | -1.1%-3.7% | -23.2%-24.7% | -8.5%-10.4% |
| 3 Year | 33.5%22.9% | -16.5%-20.5% | 15.8%8.3% |
| 5 Year | 81.3%57.6% | 0.6%-7.0% | 35.8%21.0% |
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
1 week ago | Simply Wall St
Should You Be Tempted To Sell Fastenal Company (NASDAQ:FAST) Because Of Its P/E Ratio?2 weeks ago | Simply Wall St
Was Fastenal Company's (NASDAQ:FAST) Earnings Growth Better Than The Industry's?3 weeks ago | Simply Wall St
Fastenal (NASDAQ:FAST) Seems To Use Debt Quite SensiblyValuation
Is Fastenal undervalued compared to its fair value and its price relative to the market?
10.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FAST ($31.8) is trading below our estimate of fair value ($35.51)
Significantly Below Fair Value: FAST is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FAST is poor value based on its PE Ratio (23x) compared to the Trade Distributors industry average (10.6x).
PE vs Market: FAST is poor value based on its PE Ratio (23x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: FAST is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: FAST is overvalued based on its PB Ratio (6.8x) compared to the US Trade Distributors industry average (0.9x).
Next Steps
Future Growth
How is Fastenal forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FAST's forecast earnings growth (6.7% per year) is above the savings rate (1.7%).
Earnings vs Market: FAST's earnings (6.7% per year) are forecast to grow slower than the US market (12.2% per year).
High Growth Earnings: FAST's earnings are forecast to grow, but not significantly.
Revenue vs Market: FAST's revenue (6.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: FAST's revenue (6.3% 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 (30%)
Next Steps
Past Performance
How has Fastenal performed over the past 5 years?
11.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FAST has high quality earnings.
Growing Profit Margin: FAST's current net profit margins (14.8%) are lower than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: FAST's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: FAST's earnings growth over the past year (5.2%) is below its 5-year average (11.1% per year).
Earnings vs Industry: FAST earnings growth over the past year (5.2%) exceeded the Trade Distributors industry 5.1%.
Return on Equity
High ROE: FAST's Return on Equity (29.7%) is considered high.
Next Steps
Financial Health
How is Fastenal's financial position?
Financial Position Analysis
Short Term Liabilities: FAST's short term assets ($2.5B) exceed its short term liabilities ($544.7M).
Long Term Liabilities: FAST's short term assets ($2.5B) exceed its long term liabilities ($589.6M).
Debt to Equity History and Analysis
Debt Level: FAST's debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: FAST's debt to equity ratio has increased from 4.7% to 12.9% over the past 5 years.
Debt Coverage: FAST's debt is well covered by operating cash flow (244.3%).
Interest Coverage: FAST's interest payments on its debt are well covered by EBIT (78.2x 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 7.1x debt).
Next Steps
Dividend
What is Fastenal's current dividend yield, its reliability and sustainability?
3.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FAST's dividend (3.14%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: FAST's dividend (3.14%) is low compared to the top 25% of dividend payers in the US market (5.4%).
Stability and Growth of Payments
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 (63.1%), 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 (71.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Dan Florness (56yo)
4.17s
Tenure
US$1,759,943
Compensation
Mr. Daniel L. Florness, also known as Dan, has been the Chief Executive Officer, President and Director at Fastenal Company since January 1, 2016. Mr. Florness served as the Chief Financial Officer of Fast ...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD1.76M) is below average for companies of similar size in the US market ($USD11.74M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.17yrs | US$1.76m | 0.040% $7.3m | |
| Executive VP & CFO | 3.58yrs | US$958.77k | 0.0015% $272.2k | |
| Senior EVP of Human Resources & Director | 19.67yrs | US$912.59k | 0.0035% $635.6k | |
| Senior Executive Vice President of Sales Operations | 5.83yrs | US$1.06m | 0.0015% $272.2k | |
| Senior Executive Vice President of Sales | 4.25yrs | US$925.35k | 0.0034% $611.9k | |
| Controller | 6.42yrs | US$230.84k | 0.00041% $74.9k | |
| VP & General Counsel | no data | no data | no data | |
| Financial Reporting & Regulatory Compliance Manager | no data | no data | no data | |
| Senior Executive Vice President of Sales | 4.17yrs | US$977.99k | 0.0045% $822.0k | |
| Executive Vice President of Manufacturing | 12.25yrs | US$470.84k | no data |
5.0yrs
Average Tenure
51.5yo
Average Age
Experienced Management: FAST's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.17yrs | US$1.76m | 0.040% $7.3m | |
| Senior EVP of Human Resources & Director | 19.67yrs | US$912.59k | 0.0035% $635.6k | |
| Independent Director | 7.67yrs | US$129.00k | 0.0084% $1.5m | |
| Independent Chairman of the Board | 5.83yrs | US$385.00k | 0.16% $29.8m | |
| Director | 0.42yr | US$10.63k | 0.088% $16.1m | |
| Independent Director | 19.67yrs | US$197.00k | 0.0043% $794.6k | |
| Independent Director | 11.17yrs | US$129.00k | 0.0043% $794.6k | |
| Independent Director | 7.67yrs | US$125.00k | 0.0035% $635.6k | |
| Independent Director | 11.17yrs | US$143.00k | 0.0040% $723.3k | |
| Independent Director | 4.67yrs | US$145.00k | 0.0012% $222.8k |
7.7yrs
Average Tenure
56yo
Average Age
Experienced Board: FAST's board of directors are considered experienced (7.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FAST insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$18.266b
- Shares outstanding: 574.40m
- Website: https://www.fastenal.com
Number of Employees
Location
- Fastenal Company
- 2001 Theurer Boulevard
- Winona
- Minnesota
- 55987-1500
- 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 |
| 0IKW | LSE (London Stock Exchange) | Yes | Common Stock | GB | 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, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. The company distributes its products through a network 2,114 branches and 15 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 00:28 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.