Fastenal Company

NasdaqGS:FAST Stock Report

Market Cap: US$47.2b

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 ($83.08) is trading above our estimate of fair value ($58.73)

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 Ratio41.2x
EarningsUS$1.15b
Market CapUS$47.18b

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 Average30.3x
FERG Ferguson Enterprises
24.2x8.8%US$41.4b
GWW W.W. Grainger
32.1x8.2%US$58.2b
URI United Rentals
21.7x9.0%US$55.2b
WSO Watsco
43x11.6%US$20.5b
FAST Fastenal
41.2x7.6%US$47.2b

Price-To-Earnings vs Peers: FAST is expensive based on its Price-To-Earnings Ratio (41.2x) compared to the peer average (29x).

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 41.2xIndustry Avg. 18.2xNo. of Companies7PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FAST is expensive based on its Price-To-Earnings Ratio (41.2x) compared to the US Trade Distributors industry average (18.2x).

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 Ratio41.2x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: FAST is expensive based on its Price-To-Earnings Ratio (41.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

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$83.08
US$73.56
-11.5%
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$48.00n/a13
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
Nov ’23US$48.83
US$47.30
-3.1%
8.7%US$55.00US$42.00US$58.9110

Analyst Forecast: Target price is lower than the current share price.

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