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Fastenal Co FAST

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Stock XNAS Rating as of
$46.05 −0.05 (0.11%)
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As of Delayed Price Closed

Company Report

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Fastenal's Superior Execution Extends Its Above-Average Compounding Journey

Nicholas Lieb

Since opening its first fasteners store in 1967, Fastenal has built one of the largest industrial distribution businesses in the United States. For many years, Fastenal’s growth story was driven by its traditional branch distribution system. While this expansive footprint is still an important component of Fastenal’s business model, other strategies—including expanding its product portfolio, its vending and inventory management services, and, most recently, its on-site program—have become increasingly important growth drivers.

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Price vs Fair Value

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FAST is trading within a range we consider fairly valued.
Price
$46.56
Fair Value
$22.60
Uncertainty
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1-Star Price
$82.12
5-Star Price
$94.69
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Fastenal measurably reduces its customers’ supply chain costs, an attractive value proposition regardless of the macro environment.

Bears

A continued mix shift toward non-fastener products could dilute the firm’s differentiation and further hamper its gross margin.

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Trading Information

Previous Close Price
$46.10
Day Range
$45.71–46.71
52-Week Range
$38.97–50.63
Bid/Ask
$45.58 / $46.30
Shares Outstanding
1.15B
Market Cap
$52.87B
Volume/Avg
6M / 7M

Key Statistics

Price/Earnings (Normalized)
40.90
Price/Sales
6.35
Dividend Yield (Trailing)
1.98%
Dividend Yield (Forward)
1.98%
Total Yield
1.98%

Company Profile

Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal’s branch count and remain the firm’s main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
Sector
Industrials
Industry
Industrial Distribution
Stock Style Box
Mid Core
Total Number of Employees
24,675
Website
https://www.fastenal.com

Competitors

Valuation

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Metric
FAST
GWW
MSM
Price/Earnings (Normalized)
 40.9031.8829.30
Price/Book Value
 13.4015.814.71
Price/Sales
 6.353.421.70
Price/Cash Flow
 36.0624.7718.94
Price/Earnings
FAST
GWW
MSM

Financial Strength

Metric
FAST
GWW
MSM
Quick Ratio
 2.131.510.59
Current Ratio
 4.392.691.73
Interest Coverage
 310.8032.4613.03
Quick Ratio
FAST
GWW
MSM

Profitability

Metric
FAST
GWW
MSM
Return on Assets (Normalized)
 25.89%21.59%9.01%
Return on Equity (Normalized)
 33.85%52.72%16.17%
Return on Invested Capital (Normalized)
 30.03%29.26%12.25%
Return on Assets
FAST
GWW
MSM

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