FASTENAL CO (FAST) Stock Fundamental Analysis
USA - NASDAQ:FAST - US3119001044 - Common Stock
40.45 USD
-0.3 (-0.74%)
40.1381 USD
-0.31 (-0.77%)
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. FAST is valied quite expensively at the moment, while it does show a decent growth rate. With these ratings, FAST could be worth investigating further 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.
FAST had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FAST has a better Return On Assets (23.97%) than 100.00% of its industry peers.
FAST has a better Return On Equity (31.50%) than 90.20% of its industry peers.
Looking at the Return On Invested Capital, with a value of 28.71%, FAST belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FAST is significantly above the industry average of 9.31%.
| 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
FAST has a better Profit Margin (15.34%) than 82.35% of its industry peers.
FAST's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 20.21%, FAST belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
FAST's Operating Margin has been stable in the last couple of years.
FAST has a better Gross Margin (45.15%) than 82.35% 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.
The number of shares outstanding for FAST has been increased compared to 1 year ago.
FAST has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for FAST has been reduced compared to a year ago.
2.2 Solvency
FAST has an Altman-Z score of 27.09. This indicates that FAST is financially healthy and has little risk of bankruptcy at the moment.
FAST's Altman-Z score of 27.09 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.
FAST has a Debt to FCF ratio of 0.20. This is amongst the best in the industry. FAST outperforms 92.16% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that FAST is not too dependend on debt financing.
FAST has a Debt to Equity ratio of 0.03. This is in the better half of the industry: FAST outperforms 78.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 27.09 |
ROIC/WACC3.28
WACC8.75%
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.
Looking at the Current ratio, with a value of 4.26, FAST belongs to the top of the industry, outperforming 92.16% 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.
With an excellent Quick ratio value of 2.19, FAST belongs to the best of the industry, outperforming 80.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.26 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.47% over the past year.
FAST shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.81% yearly.
The Revenue has been growing slightly by 6.92% in the past year.
FAST shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.19% yearly.
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 11.13% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.94% on average over the next years. This is quite good.
EPS Next Y11.58%
EPS Next 2Y11.03%
EPS Next 3Y10.19%
EPS Next 5Y11.13%
Revenue Next Year8.47%
Revenue Next 2Y8.7%
Revenue Next 3Y8.35%
Revenue Next 5Y8.94%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 37.80 indicates a quite expensive valuation of FAST.
Based on the Price/Earnings ratio, FAST is valued a bit more expensive than the industry average as 64.71% of the companies are valued more cheaply.
FAST's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.89.
With a Price/Forward Earnings ratio of 32.65, FAST can be considered very expensive at the moment.
66.67% of the companies in the same industry are cheaper than FAST, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FAST to the average of the S&P500 Index (34.59), we can say FAST is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.8 | ||
| Fwd PE | 32.65 |
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 72.55% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FAST is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.12 | ||
| EV/EBITDA | 25.81 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FAST does not grow enough to justify the current Price/Earnings ratio.
FAST has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.26
PEG (5Y)4.84
EPS Next 2Y11.03%
EPS Next 3Y10.19%
5. Dividend
5.1 Amount
FAST has a Yearly Dividend Yield of 2.16%. Purely for dividend investing, there may be better candidates out there.
FAST's Dividend Yield is rather good when compared to the industry average which is at 2.04. FAST pays more dividend than 88.24% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, FAST has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
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
79.49% of the earnings are spent on dividend by FAST. This is not a sustainable payout ratio.
DP79.49%
EPS Next 2Y11.03%
EPS Next 3Y10.19%
40.45
-0.3 (-0.74%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners87.33%
Inst Owner Change2.1%
Ins Owners0.09%
Ins Owner Change0.63%
Market Cap46.44B
Revenue(TTM)8.00B
Net Income(TTM)1.23B
Analysts70
Price Target44.66 (10.41%)
Short Float %2.08%
Short Ratio3.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
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)-0.85%
PT rev (3m)6.56%
EPS NQ rev (1m)-3.7%
EPS NQ rev (3m)-3.94%
EPS NY rev (1m)-0.96%
EPS NY rev (3m)0.68%
Revenue NQ rev (1m)-0.24%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.8 | ||
| Fwd PE | 32.65 | ||
| P/S | 5.81 | ||
| P/FCF | 48.12 | ||
| P/OCF | 38.36 | ||
| P/B | 11.92 | ||
| P/tB | 11.92 | ||
| EV/EBITDA | 25.81 |
EPS(TTM)1.07
EY2.65%
EPS(NY)1.24
Fwd EY3.06%
FCF(TTM)0.84
FCFY2.08%
OCF(TTM)1.05
OCFY2.61%
SpS6.97
BVpS3.39
TBVpS3.39
PEG (NY)3.26
PEG (5Y)4.84
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 | 27.09 |
F-Score3
WACC8.75%
ROIC/WACC3.28
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 5Y11.13%
Revenue 1Y (TTM)6.92%
Revenue growth 3Y7.88%
Revenue growth 5Y7.19%
Sales Q2Q%11.68%
Revenue Next Year8.47%
Revenue Next 2Y8.7%
Revenue Next 3Y8.35%
Revenue Next 5Y8.94%
EBIT growth 1Y6.41%
EBIT growth 3Y7.44%
EBIT growth 5Y7.41%
EBIT Next Year21.94%
EBIT Next 3Y13.46%
EBIT Next 5Y12.31%
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.