Market Cap
US$29.1b
Last Updated
2021/04/13 22:06 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FAST's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
FAST
-0.7%
US Trade Distributors
1.3%
US Market
1 Year Return
44.7%
FAST
94.8%
US Trade Distributors
53.9%
US Market
Return vs Industry: FAST underperformed the US Trade Distributors industry which returned 94.8% over the past year.
Return vs Market: FAST underperformed the US Market which returned 53.9% over the past year.
Shareholder returns
| FAST | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -0.7% | 1.3% |
| 30 Day | 6.0% | 1.5% | 2.8% |
| 90 Day | -1.4% | 13.5% | 6.6% |
| 1 Year | 49.4%44.7% | 99.1%94.8% | 56.6%53.9% |
| 3 Year | 115.9%97.8% | 43.5%36.5% | 62.7%52.3% |
| 5 Year | 152.2%118.5% | 122.0%103.2% | 120.5%95.9% |
Long-Term 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
Does Fastenal (NASDAQ:FAST) Deserve A Spot On Your Watchlist?2 weeks ago | Simply Wall St
Fastenal (NASDAQ:FAST) Might Become A Compounding Machine1 month ago | Simply Wall St
Insider Buying: The Fastenal Company (NASDAQ:FAST) Independent Director Just Bought 18% More SharesValuation
Is Fastenal undervalued compared to its fair value and its price relative to the market?
33.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FAST ($49.98) is trading above our estimate of fair value ($28.41)
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 (33.4x) compared to the US Trade Distributors industry average (26.4x).
PE vs Market: FAST is poor value based on its PE Ratio (33.4x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: FAST is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: FAST is overvalued based on its PB Ratio (10.5x) compared to the US Trade Distributors industry average (2.3x).
Future Growth
How is Fastenal forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FAST's forecast earnings growth (8.4% per year) is above the savings rate (2%).
Earnings vs Market: FAST's earnings (8.4% per year) are forecast to grow slower than the US market (18.5% per year).
High Growth Earnings: FAST's earnings are forecast to grow, but not significantly.
Revenue vs Market: FAST's revenue (7.2% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FAST's revenue (7.2% 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 (32.2%)
Past Performance
How has Fastenal performed over the past 5 years?
13.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FAST has high quality earnings.
Growing Profit Margin: FAST's current net profit margins (15.2%) are higher than last year (14.8%).
Past Earnings Growth Analysis
Earnings Trend: FAST's earnings have grown by 13.3% per year over the past 5 years.
Accelerating Growth: FAST's earnings growth over the past year (8.6%) is below its 5-year average (13.3% per year).
Earnings vs Industry: FAST earnings growth over the past year (8.6%) exceeded the Trade Distributors industry -13.5%.
Return on Equity
High ROE: FAST's Return on Equity (31.4%) is considered high.
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 ($612.7M).
Long Term Liabilities: FAST's short term assets ($2.5B) exceed its long term liabilities ($618.8M).
Debt to Equity History and Analysis
Debt Level: FAST's debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: FAST's debt to equity ratio has reduced from 20.3% to 14.8% over the past 5 years.
Debt Coverage: FAST's debt is well covered by operating cash flow (272%).
Interest Coverage: FAST's interest payments on its debt are well covered by EBIT (125.3x coverage).
Balance Sheet
Dividend
What is Fastenal current dividend yield, its reliability and sustainability?
2.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FAST's dividend (2.24%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: FAST's dividend (2.24%) is low compared to the top 25% of dividend payers in the US market (3.5%).
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 (66.8%), 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 (63.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Dan Florness (57 yo)
5.25yrs
Tenure
US$2,539,150
Compensation
Mr. Daniel L. Florness, also known as Dan, has been the Chief Executive Officer, President and Director at Fastenal Company since January 1, 2016. Mr. Florness served as the Chief Financial Officer of Fast...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD2.54M) is below average for companies of similar size in the US market ($USD10.98M).
Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: FAST's management team is seasoned and experienced (6.2 years average tenure).
Board Members
Experienced Board: FAST's board of directors are considered experienced (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$29.125b
- Shares outstanding: 574.34m
- Website: https://www.fastenal.com
Number of Employees
Location
- Fastenal Company
- 2001 Theurer Boulevard
- Winona
- Minnesota
- 55987-1500
- United States
Listings
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/13 22:06 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.