Fastenal Co Stock Research

Market Summary

USD51.81-0.02

Market Closed

-0.04%

FAST Stock Price

FAST RSI Chart

FAST Valuation

Market Cap

29.6B

Price/Earnings (Trailing)

27.21

Price/Sales (Trailing)

4.24

EV/EBITDA

18.45

Price/Free Cashflow

38.55

FAST Price/Sales (Trailing)

FAST Profitability

EBT Margin

20.63%

Return on Equity

34.36%

Return on Assets

23.9%

Free Cashflow Yield

2.59%

FAST Fundamentals

FAST Revenue

Revenue (TTM)

7.0B

Revenue Y/Y

10.69%

Revenue Q/Q

-5.93%

FAST Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

6.23%

Earnings Q/Q

-13.7%

Price Action

52 Week Range

43.4459.62

(Low)(High)

Last 7 days

-1.1%

Last 30 days

0.7%

Last 90 days

8.5%

Trailing 12 Months

-7.5%

FAST Financial Health

Current Ratio

3.96

Debt/Equity

0.18

Debt/Cashflow

1.7

FAST Investor Care

Dividend Yield

2.39%

Dividend/Share (TTM)

1.24

Buy Backs (1Y)

0.81%

Diluted EPS (TTM)

1.89

Peers (Alternatives to Fastenal)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GE	126.9B	76.6B	11.17%	-2.07%	563.82	1.66	3.18%	103.45%
CAT	115.7B	59.4B	-8.44%	1.04%	17.26	1.95	16.59%	3.25%
GWW	34.0B	15.2B	1.86%	33.68%	21.95	2.23	16.94%	48.32%
FAST	29.6B	7.0B	0.68%	-7.52%	27.21	4.24	16.13%	17.50%
URI	26.6B	11.6B	-14.06%	8.05%	12.62	2.28	19.82%	51.88%
MID-CAP
WCC	7.0B	21.4B	-12.88%	9.23%	10.16	0.35	17.58%	84.90%
AIT	5.1B	4.2B	-5.27%	33.71%	16.83	1.23	18.81%	35.27%
MSM	4.5B	3.8B	-4.75%	3.06%	12.65	1.18	14.50%	45.20%
BECN	3.6B	8.4B	-3.62%	-7.23%	7.91	0.43	23.60%	88.64%
GMS	2.2B	5.3B	-7.35%	-1.66%	6.7	0.42	24.20%	44.74%
SMALL-CAP
VRTV	1.7B	7.1B	-4.79%	-1.40%	4.92	0.23	4.32%	133.68%
MRC	761.6M	3.4B	-19.81%	-22.47%	10.15	0.23	26.14%	635.71%
LAWS	729.3M	1.2B	-	-	98.47	0.63	175.64%	-21.26%
BXC	627.0M	4.5B	-16.74%	-18.27%	2.12	0.14	4.05%	0.01%
DXPE	495.4M	1.4B	-7.10%	-12.13%	11.83	0.36	29.83%	232.03%

Financials for Fastenal

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.4%	6,981	6,817	6,569	6,298	6,011
Gross Profit	1.8%	3,216	3,160	3,054	2,927	2,777
S&GA Expenses	1.3%	1,762	1,739	1,693	1,632	1,560
EBITDA	2.1%	1,620	1,587	1,524	1,457	-
EBITDA Margin	-0.3%	0.23*	0.23*	0.23*	0.23*	-
Earnings Before Taxes	2.1%	1,440	1,410	1,351	1,286	1,208
EBT Margin	-0.3%	0.21*	0.21*	0.21*	0.20*	-
Interest Expenses	22.2%	14.00	12.00	10.00	10.00	10.00
Net Income	1.3%	1,087	1,073	1,031	984	925
Net Income Margin	-1.0%	0.16*	0.16*	0.16*	0.16*	-
Free Cahsflow	23.2%	767	623	533	566	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-1.7%	4,549	4,627	4,592	4,467	4,299
Current Assets	-2.2%	3,125	3,196	3,153	3,034	2,857
Cash Equivalents	-0.6%	230	232	248	234	236
Inventory	1.8%	1,708	1,678	1,665	1,601	1,524
Net PPE	0.1%	1,010	1,009	1,009	1,008	1,019
Current Liabilities	-1.6%	790	803	849	746	682
Long Term Debt	9.9%	555	505	365	390	-
LT Debt, Current	34.3%	202	150	195	35.00	60.00
LT Debt, Non Current	-12.7%	353	405	310	330	330
Shareholder's Equity	0.1%	3,163	3,161	3,179	3,142	3,042
Retained Earnings	-0.6%	3,219	3,240	3,172	3,063	2,971
Additional Paid-In Capital	28.6%	4.00	3.00	56.00	102	96.00
Accumulated Depreciation	-	1,178	-	-	-	-
Shares Outstanding	-0.3%	571	573	575	576	575

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	18.3%	941	796	705	725	770
Share Based Compensation	26.3%	7.00	6.00	6.00	6.00	6.00
Cashflow From Investing	0.1%	-163	-163	-164	-151	-148
Cashflow From Financing	-22.0%	-774	-635	-604	-672	-627
Dividend Payments	2.3%	711	696	679	661	644
Buy Backs	23.3%	238	193	66.00	0.00	-

Risks for FAST

What is the probability of a big loss on FAST?

34.2%

Probability that Fastenal stock will be more than 20% underwater in next one year

4.2%

Probability that Fastenal stock will be more than 30% underwater in next one year.

Probability that Fastenal stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FAST drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Fastenal was unfortunately bought at previous high price.

Drawdowns

Returns for FAST

Cumulative Returns on FAST

10.3%

10-Year Cumulative Returns

14.3%

7-Year Cumulative Returns

16.9%

5-Year Cumulative Returns

25.5%

3-Year Cumulative Returns

What are the long-term rolling returns for FAST?

FIve years rolling returns for Fastenal.

Annualized Returns

Which funds bought or sold FAST recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-13	Claro Advisors LLC	sold off	-100	-218,000	-	-%
2023-03-10	BAILLIE GIFFORD & CO	reduced	-1.53	1,698,760	142,903,000	0.15%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	4.05	4,979,900	76,734,900	0.08%
2023-03-10	MATHER GROUP, LLC.	reduced	-5.31	-7,910	285,090	-%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	unchanged	-	98,287	3,639,290	0.23%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-3.21	-14,000	2,661,000	0.01%
2023-03-03	TIAA, FSB	reduced	-2.99	-3,444	1,087,560	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	531,640	531,640	0.01%
2023-02-28	Voya Investment Management LLC	added	6.69	1,646,010	18,693,000	0.03%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-99.7	-908,161	2,839	-%

Latest Funds Activity

Are funds buying FAST calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FAST

No. of Funds

Fastenal News

Schedule 13G FIlings of Fastenal

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	12.17%	69,697,102	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	45,015,074	SC 13G/A
Feb 10, 2022	vanguard group inc	11.64%	66,942,929	SC 13G/A
Feb 01, 2022	blackrock inc.	7.7%	44,507,866	SC 13G/A
Dec 10, 2021	bank of new york mellon corp	4.99%	28,696,765	SC 13G/A
Feb 12, 2021	state street corp	4.80%	27,576,964	SC 13G/A
Feb 10, 2021	vanguard group inc	11.98%	68,797,379	SC 13G/A
Feb 01, 2021	bank of new york mellon corp	5.52%	31,673,441	SC 13G/A
Jan 29, 2021	blackrock inc.	7.7%	44,025,034	SC 13G/A
Feb 13, 2020	state street corp	5.31%	30,453,691	SC 13G

FAST Fair Value

Fastenal fair value in different scenarios

The table shows the Fair Value estimates for Fastenal for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	28.85 -44.32%	36.08 -30.36%	48.37 -6.64%	63.72 22.99%	74.74 44.26%
Current Inflation	26.27 -49.30%	32.38 -37.50%	42.59 -17.80%	55.36 6.85%	64.46 24.42%
Very High Inflation	23.12 -55.38%	27.94 -46.07%	35.82 -30.86%	45.72 -11.75%	52.71 1.74%

Historical Fastenal Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Fastenal

View All Filings

Date Filed	Form Type	Document
Mar 03, 2023	3	Insider Trading
Feb 24, 2023	DEF 14A	DEF 14A
Feb 09, 2023	4	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	10-K	Annual Report
Feb 07, 2023	ARS	ARS
Feb 03, 2023	SC 13G/A	Major Ownership Report
Jan 24, 2023	5	Insider Trading
Jan 24, 2023	4/A	Insider Trading
Jan 23, 2023	4/A	Insider Trading

Latest Insider Trading transactions for FAST

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-07	Owen Terry Modock	sold	-798,640	53.2427	-15,000	senior executive vp
2023-02-07	Owen Terry Modock	acquired	420,000	28.00	15,000	senior executive vp
2022-11-29	Watts Jeffery Michael	bought	300,433	50.578	5,940	executive vice-president
2022-10-17	Nielsen Sarah N	bought	22,445	44.89	500	-
2022-10-14	Eastman Stephen L.	bought	43,885	43.885	1,000	-
2022-09-15	FLORNESS DANIEL L	bought	47,250	47.25	1,000	ceo and president
2022-09-15	Nielsen Sarah N	bought	23,790	47.58	500	-
2022-09-14	FLORNESS DANIEL L	bought	192,000	48.00	4,000	ceo and president
2022-09-13	Ancius Michael J	bought	24,310	48.62	500	-
2022-08-22	Ancius Michael J	gifted	-	-	-500	-

About Fastenal

Daniel L. Florness

www.fastenal.com

20500

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. The company distributes its products through a network of 3,209 in-market locations and 15 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

FAST Income Statement

2022-09-30

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,802.4	$ 1,554.2	$ 5,285.0	$ 4,479.0
Cost of sales	975.9	834.0	2,837.6	2,414.7
Gross profit	826.5	720.2	2,447.4	2,064.3
Operating and administrative expenses	447.3	401.8	1,326.7	1,147.8
Operating income	379.2	318.4	1,120.7	916.5
Interest income	0.2	0.1	0.4	0.1
Interest expense	(4.1)	(2.4)	(9.3)	(7.3)
Earnings before income taxes	375.3	316.1	1,111.8	909.3
Income tax expense	90.7	72.6	270.5	215.5
Net earnings	$ 284.6	$ 243.5	$ 841.3	$ 693.8
Basic net earnings per share (in dollars per share)	$ 0.50	$ 0.42	$ 1.46	$ 1.21
Diluted net earnings per share (in dollars per share)	$ 0.50	$ 0.42	$ 1.46	$ 1.20
Basic weighted average shares outstanding (in shares)	573,019,381	574,973,196	574,667,188	574,637,254
Diluted weighted average shares outstanding (in shares)	574,743,931	577,259,839	576,579,199	576,928,254

FAST Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 231.5	$ 236.2
Trade accounts receivable, net of allowance for credit losses of $10.2 and $12.0, respectively	1,110.6	900.2
Inventories	1,678.1	1,523.6
Prepaid income taxes	3.2	8.5
Other current assets	172.2	188.1
Total current assets	3,195.6	2,856.6
Property and equipment, net	1,008.5	1,019.2
Operating lease right-of-use assets	249.8	242.3
Other assets	173.5	180.9
Total assets	4,627.4	4,299.0
Current liabilities:
Current portion of debt	150.3	60.0
Accounts payable	277.2	233.1
Accrued expenses	282.4	298.3
Current portion of operating lease liabilities	92.7	90.8
Total current liabilities	802.6	682.2
Long-term debt	404.7	330.0
Operating lease liabilities	161.2	156.0
Deferred income taxes	92.9	88.6
Other long-term liabilities	4.8	0.0
Stockholders' equity:
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding	0.0	0.0
Common stock: $0.01 par value, 800,000,000 shares authorized, 572,754,406 and 575,464,682 shares issued and outstanding, respectively	5.8	5.8
Additional paid-in capital	2.8	96.2
Retained earnings	3,239.7	2,970.9
Accumulated other comprehensive loss	(87.1)	(30.7)
Total stockholders' equity	3,161.2	3,042.2
Total liabilities and stockholders' equity	$ 4,627.4	$ 4,299.0