Grufity logoGrufity logo

Fastenal Co Stock Research

FAST

51.81USD-0.02(-0.04%)Market Closed

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
126.9B
76.6B
11.17% -2.07%
563.82
1.66
3.18% 103.45%
115.7B
59.4B
-8.44% 1.04%
17.26
1.95
16.59% 3.25%
34.0B
15.2B
1.86% 33.68%
21.95
2.23
16.94% 48.32%
29.6B
7.0B
0.68% -7.52%
27.21
4.24
16.13% 17.50%
26.6B
11.6B
-14.06% 8.05%
12.62
2.28
19.82% 51.88%
MID-CAP
7.0B
21.4B
-12.88% 9.23%
10.16
0.35
17.58% 84.90%
5.1B
4.2B
-5.27% 33.71%
16.83
1.23
18.81% 35.27%
4.5B
3.8B
-4.75% 3.06%
12.65
1.18
14.50% 45.20%
3.6B
8.4B
-3.62% -7.23%
7.91
0.43
23.60% 88.64%
2.2B
5.3B
-7.35% -1.66%
6.7
0.42
24.20% 44.74%
SMALL-CAP
1.7B
7.1B
-4.79% -1.40%
4.92
0.23
4.32% 133.68%
761.6M
3.4B
-19.81% -22.47%
10.15
0.23
26.14% 635.71%
729.3M
1.2B
- -
98.47
0.63
175.64% -21.26%
627.0M
4.5B
-16.74% -18.27%
2.12
0.14
4.05% 0.01%
495.4M
1.4B
-7.10% -12.13%
11.83
0.36
29.83% 232.03%

Financials for Fastenal

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.4%6,9816,8176,5696,2986,011
Gross Profit1.8%3,2163,1603,0542,9272,777
  S&GA Expenses1.3%1,7621,7391,6931,6321,560
EBITDA2.1%1,6201,5871,5241,457-
EBITDA Margin-0.3%0.23*0.23*0.23*0.23*-
Earnings Before Taxes2.1%1,4401,4101,3511,2861,208
EBT Margin-0.3%0.21*0.21*0.21*0.20*-
Interest Expenses22.2%14.0012.0010.0010.0010.00
Net Income1.3%1,0871,0731,031984925
Net Income Margin-1.0%0.16*0.16*0.16*0.16*-
Free Cahsflow23.2%767623533566-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-1.7%4,5494,6274,5924,4674,299
  Current Assets-2.2%3,1253,1963,1533,0342,857
    Cash Equivalents-0.6%230232248234236
  Inventory1.8%1,7081,6781,6651,6011,524
  Net PPE0.1%1,0101,0091,0091,0081,019
  Current Liabilities-1.6%790803849746682
  Long Term Debt9.9%555505365390-
    LT Debt, Current34.3%20215019535.0060.00
    LT Debt, Non Current-12.7%353405310330330
Shareholder's Equity0.1%3,1633,1613,1793,1423,042
  Retained Earnings-0.6%3,2193,2403,1723,0632,971
  Additional Paid-In Capital28.6%4.003.0056.0010296.00
Accumulated Depreciation-1,178----
Shares Outstanding-0.3%571573575576575
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations18.3%941796705725770
  Share Based Compensation26.3%7.006.006.006.006.00
Cashflow From Investing0.1%-163-163-164-151-148
Cashflow From Financing-22.0%-774-635-604-672-627
  Dividend Payments2.3%711696679661644
  Buy Backs23.3%23819366.000.00-

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.

0%


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 ascendingFund NameType% 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
-%

1–10 of 45

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

Nasdaq

CalMaine Foods (CALM) to Report Q3 Earnings: What's in Store?.

Nasdaq,
10 hours ago

Marketscreener.com

The Wall Street Journal

What Is a CEO's Pay Actually Worth?.

The Wall Street Journal,
18 days ago

Schedule 13G FIlings of Fastenal

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Daniel L. Florness
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 Ended9 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 sales975.9834.02,837.62,414.7
Gross profit826.5720.22,447.42,064.3
Operating and administrative expenses447.3401.81,326.71,147.8
Operating income379.2318.41,120.7916.5
Interest income0.20.10.40.1
Interest expense(4.1)(2.4)(9.3)(7.3)
Earnings before income taxes375.3316.11,111.8909.3
Income tax expense90.772.6270.5215.5
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)573,019,381574,973,196574,667,188574,637,254
Diluted weighted average shares outstanding (in shares)574,743,931577,259,839576,579,199576,928,254

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, respectively1,110.6900.2
Inventories1,678.11,523.6
Prepaid income taxes3.28.5
Other current assets172.2188.1
Total current assets3,195.62,856.6
Property and equipment, net1,008.51,019.2
Operating lease right-of-use assets249.8242.3
Other assets173.5180.9
Total assets4,627.44,299.0
Current liabilities:  
Current portion of debt150.360.0
Accounts payable277.2233.1
Accrued expenses282.4298.3
Current portion of operating lease liabilities92.790.8
Total current liabilities802.6682.2
Long-term debt404.7330.0
Operating lease liabilities161.2156.0
Deferred income taxes92.988.6
Other long-term liabilities4.80.0
Stockholders' equity:  
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding0.00.0
Common stock: $0.01 par value, 800,000,000 shares authorized, 572,754,406 and 575,464,682 shares issued and outstanding, respectively5.85.8
Additional paid-in capital2.896.2
Retained earnings3,239.72,970.9
Accumulated other comprehensive loss(87.1)(30.7)
Total stockholders' equity3,161.23,042.2
Total liabilities and stockholders' equity$ 4,627.4$ 4,299.0