Fastenal reported third-quarter sales growth of 15.5% year over year, outpacing its selling, general, and administrative expense growth to result in nearly 20% earnings per share growth. Shares traded flat the morning of October 14.
Fastenal measurably reduces its customers’ supply chain costs, an attractive value proposition regardless of the macro environment.
A continued mix shift toward nonfastener products could dilute the firm’s differentiation and further hamper its gross margin.
|
Metric
|
FAST
|
MSM
|
GWW
|
|---|---|---|---|
Price/Earnings (Normalized) | 41.16 | 29.66 | 30.43 |
Price/Book Value | 14.11 | 5.05 | 15.03 |
Price/Sales | 6.46 | 1.84 | 3.33 |
Price/Cash Flow | 36.32 | 19.16 | 23.63 |
|
Metric
|
FAST
|
MSM
|
GWW
|
|---|---|---|---|
Quick Ratio | 1.88 | 0.59 | 1.60 |
Current Ratio | 3.93 | 1.55 | 2.81 |
Interest Coverage | 490.66 | 14.71 | 34.15 |
|
Metric
|
FAST
|
MSM
|
GWW
|
|---|---|---|---|
Return on Assets (Normalized) | 27.32% | 9.78% | 22.16% |
Return on Equity (Normalized) | 35.66% | 17.44% | 53.36% |
Return on Invested Capital (Normalized) | 31.96% | 13.21% | 29.93% |
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1-Day Chart
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Price
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Morningstar Rating for Stocks
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United States