Fastenal Company

NasdaqGS:FAST Stock Report

Market Cap: US$42.9b

Fastenal Valuation

Is FAST 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 FAST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FAST ($74.48) is trading above our estimate of fair value ($62.31)

Significantly Below Fair Value: FAST is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FAST?

Key metric: As FAST is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FAST. This is calculated by dividing FAST's market cap by their current earnings.
What is FAST's PE Ratio?
PE Ratio36.9x
EarningsUS$1.15b
Market CapUS$42.86b

Price to Earnings Ratio vs Peers

How does FAST's PE Ratio compare to its peers?

The above table shows the PE ratio for FAST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.5x
GWW W.W. Grainger
28.8x8.0%US$53.2b
FERG Ferguson Enterprises
20.9x9.7%US$35.6b
URI United Rentals
18.4x8.9%US$47.4b
WSO Watsco
37.8x11.5%US$18.5b
FAST Fastenal
36.9x7.8%US$42.9b

Price-To-Earnings vs Peers: FAST is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does FAST's PE Ratio compare vs other companies in the US Trade Distributors Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BYU BAIYU Holdings
0.8xn/aUS$8.94m
No more companies available in this PE range
FAST 36.9xIndustry Avg. 16.4xNo. of Companies7PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FAST is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the US Trade Distributors industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is FAST'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.

FAST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.9x
Fair PE Ratio24.7x

Price-To-Earnings vs Fair Ratio: FAST is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).

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 FAST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$74.48
US$75.71
+1.7%
12.7%US$88.00US$51.00n/a13
Dec ’25US$83.56
US$73.56
-12.0%
13.3%US$88.00US$51.00n/a13
Nov ’25US$78.23
US$72.35
-7.5%
12.7%US$86.00US$51.00n/a12
Oct ’25US$71.09
US$64.95
-8.6%
11.1%US$80.00US$51.00n/a11
Sep ’25US$68.28
US$63.54
-6.9%
11.2%US$80.00US$51.00n/a10
Aug ’25US$67.41
US$63.54
-5.7%
11.2%US$80.00US$51.00n/a10
Jul ’25US$62.09
US$65.15
+4.9%
13.8%US$85.00US$51.00n/a10
Jun ’25US$65.98
US$67.04
+1.6%
11.9%US$85.00US$50.00n/a11
May ’25US$68.18
US$66.88
-1.9%
12.2%US$85.00US$50.00n/a11
Apr ’25US$76.59
US$65.22
-14.8%
13.9%US$85.00US$50.00n/a12
Mar ’25US$72.84
US$63.56
-12.7%
10.8%US$75.00US$50.00n/a12
Feb ’25US$69.84
US$63.47
-9.1%
10.6%US$75.00US$50.00n/a12
Jan ’25US$64.77
US$58.18
-10.2%
7.2%US$66.00US$48.00n/a13
Dec ’24US$60.82
US$58.02
-4.6%
7.1%US$66.00US$48.00US$83.5613
Nov ’24US$58.91
US$58.02
-1.5%
7.1%US$66.00US$48.00US$78.2313
Oct ’24US$54.64
US$56.09
+2.7%
7.6%US$61.30US$48.00US$71.0914
Sep ’24US$57.28
US$56.02
-2.2%
7.7%US$61.30US$48.00US$68.2813
Aug ’24US$58.34
US$56.52
-3.1%
8.0%US$63.00US$48.00US$67.4114
Jul ’24US$58.99
US$54.87
-7.0%
9.5%US$63.00US$46.00US$62.0913
Jun ’24US$53.90
US$54.18
+0.5%
9.4%US$63.00US$46.00US$65.9813
May ’24US$54.58
US$54.18
-0.7%
9.4%US$63.00US$46.00US$68.1813
Apr ’24US$53.94
US$51.73
-4.1%
10.1%US$63.00US$42.00US$76.5912
Mar ’24US$51.55
US$51.73
+0.4%
10.1%US$63.00US$42.00US$72.8412
Feb ’24US$51.90
US$50.12
-3.4%
7.7%US$56.00US$42.00US$69.8411
Jan ’24US$47.32
US$49.60
+4.8%
7.3%US$55.00US$43.00US$64.7710
Dec ’23US$51.56
US$48.10
-6.7%
7.8%US$55.00US$43.00US$60.8210

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 00:49
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fastenal Company is covered by 43 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
David MantheyBaird
Ishan MajumdarBaptista Research