FASTENAL CO (FAST) Stock Fundamental Analysis
USA - NASDAQ:FAST - US3119001044 - Common Stock
42.87 USD
-0.12 (-0.28%)
42.8309 USD
-0.04 (-0.09%)
Overall FAST gets a fundamental rating of 7 out of 10. We evaluated FAST against 50 industry peers in the Trading Companies & Distributors industry. FAST scores excellent points on both the profitability and health parts. This is a solid base for a good stock. While showing a medium growth rate, FAST is valued expensive at the moment. This makes FAST very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year FAST was profitable.
FAST had a positive operating cash flow in the past year.
Each year in the past 5 years FAST has been profitable.
Each year in the past 5 years FAST had a positive operating cash flow.
1.2 Ratios
The Return On Assets of FAST (23.97%) is better than 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 31.50%, FAST belongs to the top of the industry, outperforming 87.76% of the companies in the same industry.
FAST has a better Return On Invested Capital (28.71%) than 95.92% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FAST is significantly above the industry average of 10.20%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.97% | ||
| ROE | 31.5% | ||
| ROIC | 28.71% |
ROA(3y)24.76%
ROA(5y)23.49%
ROE(3y)33.56%
ROE(5y)32.5%
ROIC(3y)29.56%
ROIC(5y)28.03%
1.3 Margins
Looking at the Profit Margin, with a value of 15.34%, FAST belongs to the top of the industry, outperforming 81.63% of the companies in the same industry.
In the last couple of years the Profit Margin of FAST has remained more or less at the same level.
Looking at the Operating Margin, with a value of 20.21%, FAST belongs to the top of the industry, outperforming 81.63% of the companies in the same industry.
In the last couple of years the Operating Margin of FAST has remained more or less at the same level.
FAST's Gross Margin of 45.15% is amongst the best of the industry. FAST outperforms 81.63% of its industry peers.
FAST's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.21% | ||
| PM (TTM) | 15.34% | ||
| GM | 45.15% |
OM growth 3Y-0.4%
OM growth 5Y0.21%
PM growth 3Y-0.31%
PM growth 5Y0.56%
GM growth 3Y-0.82%
GM growth 5Y-0.9%
2. Health
2.1 Basic Checks
FAST has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
FAST has more shares outstanding than it did 1 year ago.
FAST has about the same amout of shares outstanding than it did 5 years ago.
FAST has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 28.46 indicates that FAST is not in any danger for bankruptcy at the moment.
FAST's Altman-Z score of 28.46 is amongst the best of the industry. FAST outperforms 100.00% of its industry peers.
FAST has a debt to FCF ratio of 0.20. This is a very positive value and a sign of high solvency as it would only need 0.20 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.20, FAST belongs to the best of the industry, outperforming 89.80% of the companies in the same industry.
FAST has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.03, FAST belongs to the top of the industry, outperforming 81.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 28.46 |
ROIC/WACC3.09
WACC9.3%
2.3 Liquidity
FAST has a Current Ratio of 4.26. This indicates that FAST is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 4.26, FAST belongs to the best of the industry, outperforming 91.84% of the companies in the same industry.
A Quick Ratio of 2.19 indicates that FAST has no problem at all paying its short term obligations.
FAST has a better Quick ratio (2.19) than 79.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.26 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
FAST shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.47%.
The Earnings Per Share has been growing slightly by 7.81% on average over the past years.
The Revenue has been growing slightly by 6.92% in the past year.
Measured over the past years, FAST shows a small growth in Revenue. The Revenue has been growing by 7.19% on average per year.
EPS 1Y (TTM)6.47%
EPS 3Y7.68%
EPS 5Y7.81%
EPS Q2Q%11.54%
Revenue 1Y (TTM)6.92%
Revenue growth 3Y7.88%
Revenue growth 5Y7.19%
Sales Q2Q%11.68%
3.2 Future
The Earnings Per Share is expected to grow by 10.46% on average over the next years. This is quite good.
FAST is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.33% yearly.
EPS Next Y11.58%
EPS Next 2Y11.03%
EPS Next 3Y10.19%
EPS Next 5Y10.46%
Revenue Next Year8.45%
Revenue Next 2Y8.68%
Revenue Next 3Y8.32%
Revenue Next 5Y8.33%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
FAST is valuated quite expensively with a Price/Earnings ratio of 40.07.
FAST's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.89, FAST is valued a bit more expensive.
FAST is valuated quite expensively with a Price/Forward Earnings ratio of 34.60.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FAST indicates a slightly more expensive valuation: FAST is more expensive than 67.35% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of FAST to the average of the S&P500 Index (22.99), we can say FAST is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.07 | ||
| Fwd PE | 34.6 |
4.2 Price Multiples
FAST's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FAST is more expensive than 73.47% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as FAST.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51 | ||
| EV/EBITDA | 27.36 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of FAST may justify a higher PE ratio.
PEG (NY)3.46
PEG (5Y)5.13
EPS Next 2Y11.03%
EPS Next 3Y10.19%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.05%, FAST has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.85, FAST pays a better dividend. On top of this FAST pays more dividend than 87.76% of the companies listed in the same industry.
FAST's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
5.2 History
The dividend of FAST decreases each year by -2.16%.
FAST has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-2.16%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FAST pays out 79.49% of its income as dividend. This is not a sustainable payout ratio.
DP79.49%
EPS Next 2Y11.03%
EPS Next 3Y10.19%
42.87
-0.12 (-0.28%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners87.33%
Inst Owner Change0.19%
Ins Owners0.09%
Ins Owner Change0.01%
Market Cap49.22B
Revenue(TTM)8.00B
Net Income(TTM)1.23B
Analysts71.3
Price Target45.04 (5.06%)
Short Float %2.26%
Short Ratio4.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
Yearly Dividend0.78
Dividend Growth(5Y)-2.16%
DP79.49%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.42%
Min EPS beat(2)-3.93%
Max EPS beat(2)1.09%
EPS beat(4)1
Avg EPS beat(4)-2.62%
Min EPS beat(4)-5.73%
Max EPS beat(4)1.09%
EPS beat(8)1
Avg EPS beat(8)-2.06%
EPS beat(12)3
Avg EPS beat(12)-1.44%
EPS beat(16)6
Avg EPS beat(16)-0.63%
Revenue beat(2)0
Avg Revenue beat(2)-1.73%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)-1.69%
Revenue beat(4)0
Avg Revenue beat(4)-1.98%
Min Revenue beat(4)-2.95%
Max Revenue beat(4)-1.49%
Revenue beat(8)0
Avg Revenue beat(8)-1.99%
Revenue beat(12)0
Avg Revenue beat(12)-1.96%
Revenue beat(16)0
Avg Revenue beat(16)-1.79%
PT rev (1m)0%
PT rev (3m)7.26%
EPS NQ rev (1m)-3.15%
EPS NQ rev (3m)-3.41%
EPS NY rev (1m)-0.96%
EPS NY rev (3m)0.68%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.07 | ||
| Fwd PE | 34.6 | ||
| P/S | 6.15 | ||
| P/FCF | 51 | ||
| P/OCF | 40.65 | ||
| P/B | 12.64 | ||
| P/tB | 12.64 | ||
| EV/EBITDA | 27.36 |
EPS(TTM)1.07
EY2.5%
EPS(NY)1.24
Fwd EY2.89%
FCF(TTM)0.84
FCFY1.96%
OCF(TTM)1.05
OCFY2.46%
SpS6.97
BVpS3.39
TBVpS3.39
PEG (NY)3.46
PEG (5Y)5.13
Graham Number9.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.97% | ||
| ROE | 31.5% | ||
| ROCE | 37.73% | ||
| ROIC | 28.71% | ||
| ROICexc | 30.78% | ||
| ROICexgc | 30.78% | ||
| OM | 20.21% | ||
| PM (TTM) | 15.34% | ||
| GM | 45.15% | ||
| FCFM | 12.07% |
ROA(3y)24.76%
ROA(5y)23.49%
ROE(3y)33.56%
ROE(5y)32.5%
ROIC(3y)29.56%
ROIC(5y)28.03%
ROICexc(3y)31.48%
ROICexc(5y)29.95%
ROICexgc(3y)31.48%
ROICexgc(5y)30.19%
ROCE(3y)38.84%
ROCE(5y)36.84%
ROICexgc growth 3Y3.75%
ROICexgc growth 5Y3.24%
ROICexc growth 3Y3.75%
ROICexc growth 5Y3.24%
OM growth 3Y-0.4%
OM growth 5Y0.21%
PM growth 3Y-0.31%
PM growth 5Y0.56%
GM growth 3Y-0.82%
GM growth 5Y-0.9%
F-Score3
Asset Turnover1.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.2 | ||
| Debt/EBITDA | 0.06 | ||
| Cap/Depr | 137.07% | ||
| Cap/Sales | 3.07% | ||
| Interest Coverage | 215.51 | ||
| Cash Conversion | 67.43% | ||
| Profit Quality | 78.68% | ||
| Current Ratio | 4.26 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 28.46 |
F-Score3
WACC9.3%
ROIC/WACC3.09
Cap/Depr(3y)108.34%
Cap/Depr(5y)104.05%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.69%
Profit Quality(3y)87.32%
Profit Quality(5y)87.39%
High Growth Momentum
Growth
EPS 1Y (TTM)6.47%
EPS 3Y7.68%
EPS 5Y7.81%
EPS Q2Q%11.54%
EPS Next Y11.58%
EPS Next 2Y11.03%
EPS Next 3Y10.19%
EPS Next 5Y10.46%
Revenue 1Y (TTM)6.92%
Revenue growth 3Y7.88%
Revenue growth 5Y7.19%
Sales Q2Q%11.68%
Revenue Next Year8.45%
Revenue Next 2Y8.68%
Revenue Next 3Y8.32%
Revenue Next 5Y8.33%
EBIT growth 1Y6.41%
EBIT growth 3Y7.44%
EBIT growth 5Y7.41%
EBIT Next Year21.94%
EBIT Next 3Y13.46%
EBIT Next 5Y11.68%
FCF growth 1Y-19.66%
FCF growth 3Y15.56%
FCF growth 5Y9.69%
OCF growth 1Y-12.31%
OCF growth 3Y15.07%
OCF growth 5Y6.84%
FASTENAL CO / FAST FAQ
What is the ChartMill fundamental rating of FASTENAL CO (FAST) stock?
ChartMill assigns a fundamental rating of 7 / 10 to FAST.
What is the valuation status for FAST stock?
ChartMill assigns a valuation rating of 2 / 10 to FASTENAL CO (FAST). This can be considered as Overvalued.
What is the profitability of FAST stock?
FASTENAL CO (FAST) has a profitability rating of 8 / 10.
Can you provide the financial health for FAST stock?
The financial health rating of FASTENAL CO (FAST) is 9 / 10.
What is the earnings growth outlook for FASTENAL CO?
The Earnings per Share (EPS) of FASTENAL CO (FAST) is expected to grow by 11.58% in the next year.