Fastenal
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Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The last earnings update was 42 days ago. More info.
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FAST Share Price and Events
7 Day Returns
1 Year Returns
FAST Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Fastenal (FAST) | -0.1% | -0.5% | 23.8% | 10.2% | 28.3% | 28.8% |
| US Trade Distributors | -0.4% | -4.5% | 13% | -10.5% | 28% | 12.5% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- FAST outperformed the Trade Distributors industry which returned -10.5% over the past year.
- FAST outperformed the Market in United States of America which returned 3% over the past year.
FAST Value
Is Fastenal undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Fastenal
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Fastenal.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 17 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Trade Distributors Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.927 (1 + (1- 21%) (2.79%)) |
0.965 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.96 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.965 * 5.96%) |
8.48% |
Discounted Cash Flow Calculation for NasdaqGS:FAST using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Fastenal is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.48%) |
|
|---|---|---|---|
| 2019 | 627.00 | Analyst x7 | 577.98 |
| 2020 | 706.00 | Analyst x8 | 599.93 |
| 2021 | 805.33 | Analyst x3 | 630.84 |
| 2022 | 882.50 | Analyst x2 | 637.24 |
| 2023 | 917.00 | Analyst x2 | 610.39 |
| 2024 | 949.14 | Est @ 3.5% | 582.39 |
| 2025 | 980.20 | Est @ 3.27% | 554.43 |
| 2026 | 1,010.68 | Est @ 3.11% | 526.98 |
| 2027 | 1,040.96 | Est @ 3% | 500.34 |
| 2028 | 1,071.31 | Est @ 2.92% | 474.67 |
| Present value of next 10 years cash flows | $5,695.20 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,071.31 × (1 + 2.73%) ÷ (8.48% – 2.73%) |
$19,137.97 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $19,137.97 ÷ (1 + 8.48%)10 |
$8,479.55 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $5,695.20 + $8,479.55 |
$14,174.75 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $14,174.75 / 286.16 |
$49.53 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $49.53 |
| Current discount | Discount to share price of
$62.63
= -1 x ($62.63 - $49.53) / $49.53 |
-26.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Fastenal is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Fastenal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Fastenal's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.62 |
| NasdaqGS:FAST Share Price ** | NasdaqGS (2019-03-20) in USD | $62.63 |
| United States of America Trade Distributors Industry PE Ratio | Median Figure of 43 Publicly-Listed Trade Distributors Companies | 13.69x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Fastenal.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:FAST Share Price ÷ EPS (both in USD) = 62.63 ÷ 2.62 |
23.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fastenal is overvalued based on earnings compared to the US Trade Distributors industry average.
- Fastenal is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Fastenal's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 23.91x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts |
6.9%per year |
| United States of America Trade Distributors Industry PEG Ratio | Median Figure of 34 Publicly-Listed Trade Distributors Companies | 1.2x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 23.91x ÷ 6.9% |
3.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fastenal is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Fastenal's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $8.05 |
| NasdaqGS:FAST Share Price * | NasdaqGS (2019-03-20) in USD | $62.63 |
| United States of America Trade Distributors Industry PB Ratio | Median Figure of 54 Publicly-Listed Trade Distributors Companies | 1.52x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:FAST Share Price ÷ Book Value per Share (both in USD) = 62.63 ÷ 8.05 |
7.78x |
* Primary Listing of Fastenal.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fastenal is overvalued based on assets compared to the US Trade Distributors industry average.
Value checks
We assess Fastenal's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check) Fastenal has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
FAST Future Performance
How is Fastenal expected to perform in the next 1 to 3 years based on estimates from 17 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Fastenal's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Fastenal's earnings growth is positive but not above the United States of America market average.
- Fastenal's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:FAST Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts | 6.9% |
| NasdaqGS:FAST Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts | 6.8% |
| United States of America Trade Distributors Industry Earnings Growth Rate | Market Cap Weighted Average | 13.1% |
| United States of America Trade Distributors Industry Revenue Growth Rate | Market Cap Weighted Average | 6.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 7,031 | 1,131 | 1,066 | 2 |
| 2022-12-31 | 6,660 | 1,088 | 1,008 | 2 |
| 2021-12-31 | 6,153 | 985 | 930 | 6 |
| 2020-12-31 | 5,826 | 899 | 874 | 17 |
| 2019-12-31 | 5,449 | 837 | 811 | 17 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,965 | 674 | 752 |
| 2018-09-30 | 4,822 | 626 | 736 |
| 2018-06-30 | 4,675 | 604 | 681 |
| 2018-03-31 | 4,529 | 535 | 619 |
| 2017-12-31 | 4,391 | 585 | 579 |
| 2017-09-30 | 4,250 | 589 | 541 |
| 2017-06-30 | 4,130 | 560 | 525 |
| 2017-03-31 | 4,023 | 564 | 507 |
| 2016-12-31 | 3,962 | 520 | 499 |
| 2016-09-30 | 3,937 | 532 | 497 |
| 2016-06-30 | 3,919 | 539 | 506 |
| 2016-03-31 | 3,903 | 533 | 515 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
All data from Fastenal Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 3.85 | 3.90 | 3.80 | 2.00 |
| 2022-12-31 | 3.62 | 3.65 | 3.58 | 2.00 |
| 2021-12-31 | 3.28 | 3.40 | 3.20 | 5.00 |
| 2020-12-31 | 3.06 | 3.18 | 2.88 | 15.00 |
| 2019-12-31 | 2.84 | 2.88 | 2.75 | 15.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.62 |
| 2018-09-30 | 2.56 |
| 2018-06-30 | 2.37 |
| 2018-03-31 | 2.15 |
| 2017-12-31 | 2.01 |
| 2017-09-30 | 1.87 |
| 2017-06-30 | 1.82 |
| 2017-03-31 | 1.76 |
| 2016-12-31 | 1.73 |
| 2016-09-30 | 1.72 |
| 2016-06-30 | 1.75 |
| 2016-03-31 | 1.78 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Fastenal's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Fastenal has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
FAST Past Performance
How has Fastenal performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Fastenal's year on year earnings growth rate has been positive over the past 5 years.
- Fastenal's 1-year earnings growth exceeds its 5-year average (30% vs 8.6%)
- Fastenal's earnings growth has exceeded the US Trade Distributors industry average in the past year (30% vs 23.5%).
Earnings and Revenue History
All data from Fastenal Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4,965.10 | 751.90 | 1,400.20 | |
| 2018-09-30 | 4,822.00 | 735.50 | 1,373.60 | |
| 2018-06-30 | 4,675.00 | 681.00 | 1,347.30 | |
| 2018-03-31 | 4,528.60 | 618.70 | 1,319.60 | |
| 2017-12-31 | 4,390.50 | 578.60 | 1,282.80 | |
| 2017-09-30 | 4,249.90 | 541.00 | 1,244.60 | |
| 2017-06-30 | 4,130.20 | 524.80 | 1,214.20 | |
| 2017-03-31 | 4,023.00 | 507.40 | 1,185.20 | |
| 2016-12-31 | 3,962.00 | 499.40 | 1,169.50 | |
| 2016-09-30 | 3,936.89 | 496.50 | 1,162.08 | |
| 2016-06-30 | 3,919.04 | 506.10 | 1,147.36 | |
| 2016-03-31 | 3,902.57 | 514.96 | 1,131.40 | |
| 2015-12-31 | 3,869.20 | 516.40 | 1,121.50 | |
| 2015-09-30 | 3,872.65 | 522.85 | 1,118.19 | |
| 2015-06-30 | 3,858.21 | 519.67 | 1,121.95 | |
| 2015-03-31 | 3,810.32 | 509.83 | 1,121.32 | |
| 2014-12-31 | 3,733.51 | 494.15 | 1,110.78 | |
| 2014-09-30 | 3,621.01 | 474.99 | 1,086.38 | |
| 2014-06-30 | 3,498.62 | 461.02 | 1,055.21 | |
| 2014-03-31 | 3,396.28 | 451.52 | 1,029.94 | |
| 2013-12-31 | 3,326.11 | 448.64 | 1,007.43 | |
| 2013-09-30 | 3,269.58 | 448.12 | 985.96 | |
| 2013-06-30 | 3,213.73 | 438.09 | 969.81 | |
| 2013-03-31 | 3,171.03 | 429.39 | 955.60 | |
| 2012-12-31 | 3,133.58 | 420.54 | 941.24 | |
| 2012-09-30 | 3,074.15 | 409.29 | 924.87 | |
| 2012-06-30 | 2,998.31 | 396.77 | 908.32 | |
| 2012-03-31 | 2,895.15 | 378.58 | 887.65 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Fastenal has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Fastenal used its assets more efficiently than the US Trade Distributors industry average last year based on Return on Assets.
- Fastenal's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Fastenal's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Fastenal has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
FAST Health
How is Fastenal's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Fastenal's finances.
The net worth of a company is the difference between its assets and liabilities.
- Fastenal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Fastenal's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 4.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Fastenal Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 2,302.70 | 500.00 | 167.20 |
| 2018-09-30 | 2,315.60 | 390.00 | 129.70 |
| 2018-06-30 | 2,226.60 | 425.00 | 135.50 |
| 2018-03-31 | 2,172.00 | 405.00 | 137.10 |
| 2017-12-31 | 2,096.90 | 415.00 | 116.90 |
| 2017-09-30 | 2,026.30 | 440.00 | 133.40 |
| 2017-06-30 | 1,991.50 | 445.00 | 115.10 |
| 2017-03-31 | 1,981.70 | 365.00 | 134.30 |
| 2016-12-31 | 1,933.10 | 390.00 | 112.70 |
| 2016-09-30 | 1,909.30 | 445.00 | 146.98 |
| 2016-06-30 | 1,868.16 | 430.00 | 155.46 |
| 2016-03-31 | 1,821.88 | 370.00 | 150.55 |
| 2015-12-31 | 1,801.29 | 365.00 | 129.02 |
| 2015-09-30 | 1,783.49 | 315.00 | 111.78 |
| 2015-06-30 | 1,763.98 | 330.00 | 121.17 |
| 2015-03-31 | 1,862.81 | 125.00 | 120.79 |
| 2014-12-31 | 1,915.22 | 90.00 | 114.50 |
| 2014-09-30 | 1,901.57 | 105.00 | 116.33 |
| 2014-06-30 | 1,868.12 | 70.00 | 106.39 |
| 2014-03-31 | 1,800.32 | 0.00 | 89.47 |
| 2013-12-31 | 1,772.70 | 0.00 | 58.96 |
| 2013-09-30 | 1,749.64 | 0.00 | 92.63 |
| 2013-06-30 | 1,706.05 | 0.00 | 123.29 |
| 2013-03-31 | 1,640.86 | 0.00 | 159.66 |
| 2012-12-31 | 1,560.36 | 0.00 | 79.97 |
| 2012-09-30 | 1,664.38 | 0.00 | 222.83 |
| 2012-06-30 | 1,600.90 | 0.00 | 213.08 |
| 2012-03-31 | 1,538.97 | 0.00 | 226.07 |
- Fastenal's level of debt (21.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 21.7% today).
- Debt is well covered by operating cash flow (134.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 81.9x coverage).
Financial health checks
We assess Fastenal's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Fastenal has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
FAST Dividends
What is Fastenal's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Fastenal
shares you are expected to receive
$55
in your first year as a dividend.
Dividend Amount
- Fastenal's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Fastenal's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| United States of America Trade Distributors Industry Average Dividend Yield | Market Cap Weighted Average of 15 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 2.74 | 2.00 |
| 2022-12-31 | 2.46 | 2.00 |
| 2021-12-31 | 1.85 | 5.00 |
| 2020-12-31 | 1.79 | 11.00 |
| 2019-12-31 | 1.71 | 11.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-16 | 1.720 | 2.807 |
| 2018-10-09 | 1.600 | 2.988 |
| 2018-07-10 | 1.600 | 2.779 |
| 2018-04-10 | 1.480 | 2.891 |
| 2018-01-16 | 1.480 | 2.693 |
| 2017-10-10 | 1.280 | 2.536 |
| 2017-07-11 | 1.280 | 2.958 |
| 2017-04-11 | 1.280 | 2.898 |
| 2017-01-17 | 1.280 | 2.526 |
| 2016-10-10 | 1.200 | 2.720 |
| 2016-07-11 | 1.200 | 2.836 |
| 2016-04-11 | 1.200 | 2.642 |
| 2016-01-14 | 1.200 | 2.720 |
| 2015-10-12 | 1.120 | 2.831 |
| 2015-07-13 | 1.120 | 2.870 |
| 2015-04-14 | 1.120 | 2.649 |
| 2015-01-14 | 1.120 | 2.642 |
| 2014-10-09 | 1.000 | 2.232 |
| 2014-02-06 | 0.800 | 1.690 |
| 2014-01-15 | 0.800 | 1.768 |
| 2013-10-15 | 0.800 | 1.683 |
| 2013-10-09 | 0.800 | 1.680 |
| 2012-10-10 | 0.740 | 1.561 |
| 2012-07-11 | 0.760 | 1.756 |
| 2012-04-17 | 0.680 | 1.600 |
| 2012-01-17 | 0.680 | 1.346 |
| 2011-10-12 | 0.560 | 1.392 |
| 2011-07-11 | 0.520 | 1.565 |
| 2011-04-11 | 0.520 | 1.568 |
| 2011-01-18 | 0.500 | 1.610 |
| 2010-07-13 | 0.420 | 1.595 |
| 2010-01-19 | 0.400 | 1.645 |
| 2009-07-13 | 0.370 | 1.952 |
| 2009-03-23 | 0.350 | 2.040 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Fastenal's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.7x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Fastenal's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Fastenal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Fastenal has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FAST Management
CEO
| COMPENSATION | $2,429,411 |
| AGE | 55 |
| TENURE AS CEO | 3.2 years |
CEO Bio
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 Fastenal Company since June 1996 until December 31, 2015 and served as its Executive Vice President and Treasurer from December 2002 to 2015. He oversaw a portion of the Fastenal's manufacturing division, its product development and procurement, and its national accounts business. He serves as the Principal Accounting Officer at Fastenal Company. He spent ten years working for KPMG Peat Marwick LLP in Minneapolis and New Jersey. From June 1996 to November 2002, Mr. Florness served as a Treasurer and Chief Financial Officer of Fastenal Company. He has been a Governor of MinnErgy, LLC since May 15, 2006. Mr. Florness also serves on the board of directors of PlastiComp, Inc. He attended the University of Wisconsin-River Falls, earning a BS in Accounting in 1986. He has been Independent Director of H.B. Fuller Company since July 11, 2018. He serves on the boards of Gundersen Health System. He also has served on several community boards, including National FFA Sponsors (“Future Farmers of America,” Indianapolis, IN), American Red Cross (Winona, MN), and the Winona Community Foundation.
CEO Compensation
- Dan's compensation has been consistent with company performance over the past year.
- Dan's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Fastenal management team in years:
- The tenure for the Fastenal management team is about average.
Management Team
Dan Florness
President
$2M
55
3.2 yrs
Holden Lewis
Executive VP & CFO
$1M
49
2.6 yrs
Reyne Wisecup
Senior EVP of Human Resources & Director
$1M
55
11.3 yrs
Terry Owen
Senior Executive Vice President of Sales Operations
$2M
50
4.8 yrs
Jeffery Watts
Executive Vice President of International Sales
$1M
46
2.3 yrs
Nicholas Lundquist
Senior Executive Vice President of Operations
$1M
61
2.3 yrs
Sheryl Lisowski
Controller
$343K
51
5.4 yrs
John Milek
VP & General Counsel
Leland Hein
Senior Executive Vice President of Sales
$978K
57
3.2 yrs
James Jansen
Executive Vice President of Manufacturing
$1M
48
11.3 yrs
Board of Directors Tenure
Average tenure and age of the Fastenal board of directors in years:
- The tenure for the Fastenal board of directors is about average.
Board of Directors
Will Oberton
Chairman of the Board
$385K
60
4.9 yrs
Dan Florness
President
$2M
55
3.2 yrs
Reyne Wisecup
Senior EVP of Human Resources & Director
$1M
55
18.8 yrs
Mike Dolan
Independent Director
$196K
70
18.8 yrs
Michael Ancius
Independent Director
$147K
53
10.2 yrs
Scott Satterlee
Independent Director
$129K
49
10.2 yrs
Darren Jackson
Independent Director
$133K
53
6.7 yrs
Rita Heise
Independent Director
$129K
61
6.7 yrs
Steve Eastman
Independent Director
$141K
53
3.8 yrs
Dan Johnson
Independent Director
$133K
54
2.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Feb 19 | Sell | Nicholas Lundquist | Individual | 31. Jan 19 | 31. Jan 19 | -5,000 | $60.51 | $-302,550 | ||
| 30. Jan 19 | Sell | Michael Dolan | Individual | 29. Jan 19 | 29. Jan 19 | -2,500 | $60.00 | $-150,000 | ||
| 06. Dec 18 | Sell | Michael Dolan | Individual | 03. Dec 18 | 03. Dec 18 | -5,000 | $60.00 | $-300,000 | ||
| 24. Oct 18 | Buy | William Drazkowski | Individual | 23. Oct 18 | 23. Oct 18 | 830 | $50.54 | $41,948 | ||
| 24. Oct 18 | Buy | Daniel Johnson | Individual | 22. Oct 18 | 22. Oct 18 | 965 | $51.56 | $49,754 | ||
| 17. Oct 18 | Buy | Holden Lewis | Individual | 16. Oct 18 | 16. Oct 18 | 500 | $52.28 | $26,142 | ||
| 15. Oct 18 | Buy | Terry Owen | Individual | 12. Oct 18 | 12. Oct 18 | 1,500 | $52.07 | $78,105 | ||
| 15. Oct 18 | Buy | Daniel Florness | Individual | 12. Oct 18 | 12. Oct 18 | 2,000 | $51.95 | $103,900 | ||
| 07. Jun 18 | Buy | Terry Owen | Individual | 06. Jun 18 | 06. Jun 18 | 2,000 | $51.85 | $103,700 | ||
| 01. May 18 | Buy | Holden Lewis | Individual | 30. Apr 18 | 30. Apr 18 | 1,000 | $50.28 | $50,275 | ||
| 30. Apr 18 | Buy | Stephen Eastman | Individual | 27. Apr 18 | 27. Apr 18 | 700 | $50.31 | $35,219 | ||
| 27. Apr 18 | Buy | Michael Ancius | Individual | 25. Apr 18 | 25. Apr 18 | 455 | $48.75 | $22,181 | ||
Management checks
We assess Fastenal's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Fastenal has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
FAST News
Simply Wall St News
Should We Worry About Fastenal Company's (NASDAQ:FAST) P/E Ratio?
We'll look at Fastenal Company's (NASDAQ:FAST) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Fastenal's P/E ratio is 23.77. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleOur Take On Fastenal Company's (NASDAQ:FAST) CEO Salary
First, this article will compare CEO compensation with compensation at other large companies. … How Does Dan Florness's Compensation Compare With Similar Sized Companies. … Our data indicates that Fastenal Company is worth US$18b, and total annual CEO compensation is US$2.4m.
Simply Wall St - – Full articleFastenal Shareholders Booked A 36% Gain In The Last Three Years
Unfortunately for shareholders, while the Fastenal Company (NASDAQ:FAST) share price is up 36% in the last three years, that falls short of the market return. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Fastenal was able to grow its EPS at 14% per year over three years, sending the share price higher.
Simply Wall St - – Full articleWhat Does Fastenal Company's (NASDAQ:FAST) Share Price Indicate?
The company's stock. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock.
Simply Wall St - – Full articleDoes The Data Make Fastenal Company (NASDAQ:FAST) An Attractive Investment?
Fastenal Company (NASDAQ:FAST) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a
Simply Wall St - – Full articleFastenal Company (NASDAQ:FAST): Immense Growth Potential?
As Fastenal Company (NASDAQ:FAST) announced its earnings release on 31 December 2018, … as a 7.5% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 8.6%.
Simply Wall St - – Full articleWhat Should We Expect From Fastenal Company's (NASDAQ:FAST) Earnings In The Next Couple Of Years?
Fastenal Company's (NASDAQ:FAST) latest earnings announcement in December 2018a … signalled … business
Simply Wall St - – Full articleHow Many Fastenal Company (NASDAQ:FAST) Shares Do Institutions Own?
If you want to know who really controls Fastenal Company (NASDAQ:FAST), then you'll have to look at the makeup of its share registry. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about FAST
Simply Wall St - – Full articleFastenal Company (NASDAQ:FAST) Insiders Increased Their Holdings
Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So we'll take a look at whether insiders have been buying or selling shares in Fastenal Company (NASDAQ:FAST). … So we know that an insider sold shares at around the present share price of US$52.00.
Simply Wall St - – Full articleWhich Model Should You Consider When Valuing Fastenal Company (NASDAQ:FAST)?
Choosing the right financial tool to evaluate a company can be a daunting task, especially when different models are giving you drastically different conclusions. … For example, my discounted cash flow (DCF) model tells me that Fastenal Company's (NASDAQ:FAST) is overvalued by 20.26%, but my relative valuation tells me it’s overvalued by 60.75%. … So, which valuation methodology should I listen to and why?
Simply Wall St - – Full articleFAST Company Info
Description
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 other industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded fasteners, such as 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 various pins and 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. As of December 31, 2018, the company distributed its products through a network of 2,227 company owned stores. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
Details
| Name: | Fastenal Company |
| FAST | |
| Exchange: | NasdaqGS |
| Founded: | 1967 |
| $17,922,091,949 | |
| 286,158,262 | |
| Website: | http://www.fastenal.com |
| Address: |
Fastenal Company 2001 Theurer Boulevard, Winona, Minnesota, 55987, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | FAST | Common Stock | Nasdaq Global Select | US | USD | 20. Aug 1987 | |
| DB | FAS | Common Stock | Deutsche Boerse AG | DE | EUR | 20. Aug 1987 | |
| WBAG | FAST | Common Stock | Wiener Boerse AG | AT | EUR | 20. Aug 1987 | |
| BMV | FAST * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 20. Aug 1987 |
Number of employees
Current staff
Industry
| Trading Companies and Distributors | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:36 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/13 |
| Last earnings filing: | 2019/02/06 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
