FAST
| Market cap | $28.40B |
|---|---|
| Enterprise value | $37.37B |
| Revenue | $7.383B |
|---|---|
| EBITDA | $1.701B |
| Income | $1.158B |
| Revenue Q/Q | 1.94% |
| Revenue Y/Y | 3.46% |
| P/E | 31.10 |
|---|---|
| Forward P/E | 30.79 |
| EV/Sales | 5.06 |
| EV/EBITDA | 21.97 |
| EV/EBIT | 24.41 |
| PEG | 2.39 |
| Price/Sales | 3.85 |
| P/FCF | 23.63 |
| Price/Book | 8.48 |
| Book/Share | 7.41 |
| Cash/Share | 0.49 |
| FCF yield | 4.23% |
| Volume | 4.035M / 2.593M |
|---|---|
| Relative vol. | 1.56 × |
| EPS | 2.02 |
|---|---|
| EPS Q/Q | 19.05% |
| Est. EPS Q/Q | 5.00% |
| Profit margin | 15.72% |
|---|---|
| Oper. margin | 20.66% |
| Gross margin | 45.66% |
| EBIT margin | 20.74% |
| EBITDA margin | 23.05% |
| Ret. on assets | 25.49% |
|---|---|
| Ret. on equity | 33.98% |
| ROIC | 34.02% |
| ROCE | 39.31% |
| Debt/Equity | 0.33 |
|---|---|
| Net debt/EBITDA | 0.69 |
| Current ratio | 4.83 |
| Quick ratio | 2.49 |
| Volatility | 1.76% |
|---|---|
| Beta | 0.63 |
| RSI | 40.17 |
|---|
| Insider ownership | 0.17% |
|---|---|
| Inst. ownership | 78.63% |
| Shares outst. | 572.547M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 2.18% |
| Short ratio | 3.50 |
| Dividend | $1.86 |
|---|---|
| Dividend yield | 2.94% |
| Payout ratio | 92.08% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 12 Jul 2024 |
Wednesday, 19 June 2024
|
|
| Is Fastenal Company A Good Dividend Aristocrat Stock to Buy? | |
Wednesday, 17 April 2024
|
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| Decoding Fastenal Co : A Strategic SWOT Insight | |
Wednesday, 10 April 2024
|
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| Fastenal Company Announces Cash Dividend | |
Tuesday, 5 March 2024
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| Fastenal Receives EcoVadis Silver Medal for Sustainability | |
Tuesday, 30 January 2024
|
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| Fastenal Co's Dividend Analysis | |
Tuesday, 19 December 2023
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| Fastenal Rises Yet Lags Behind Market: Some Facts Worth Knowing | |
Wednesday, 13 December 2023
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| Here's Why Fastenal Gained But Lagged the Market Today | |
Friday, 1 December 2023
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| A Bull Market Is Coming: 3 Stocks to Buy Without Any Hesitation | |
Monday, 16 October 2023
|
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| Fastenal Company Q3 2023 Earnings Call Transcript | |
Saturday, 14 October 2023
|
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| Here's What This Leading Industrial Company Just Said About the Economy | |
Friday, 13 October 2023
|
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| Two Tool Stocks Hit New Highs In Uncertain Times | |
Wednesday, 4 October 2023
|
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| Those who invested in Fastenal five years ago are up 122% | |
Tuesday, 3 October 2023
|
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| Fastenal Stock Shows Improved Relative Strength; Still Shy Of Benchmark | |
Friday, 14 July 2023
|
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| Q2 2023 Fastenal Co Earnings Call | |
Thursday, 13 July 2023
|
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| Fastenal Company Reports 2023 Second Quarter Earnings | |
Wednesday, 12 July 2023
|
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| Manufacturing Stocks Are Hot. Fastenal’s Earnings Better Be Good. | |
Tuesday, 11 July 2023
|
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| Look for Fastenal to Fasten Down More Gains | |
Monday, 10 July 2023
|
|
| Fastenal Releases 2023 Environmental, Social, and Governance Report | |
Thursday, 18 May 2023
|
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| Insider Stock Buying Reaches US$886k On Fastenal \ | |
Wednesday, 17 May 2023
|
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| This S&P 500 Stock Is a Genius Buy for Dividend Growth | |
Thursday, 13 April 2023
|
|
| Fastenal Earnings Beat Expectations. It Could Be a Bellwether for U.S. Industry. | |
| These Stocks Are Moving the Most Today: Delta, Harley-Davidson, Alibaba, and More | |
Friday, 10 March 2023
|
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| 20 Biggest Plumbing Supply Companies in the World | |
Sunday, 5 March 2023
|
|
| What Is a CEO’s Pay Actually Worth? | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Hsenghung Sam Hsu | Buy 10 Jun 2024 | $63,120 |
| James C Jansen Executive Vice President | Option 29 May 2024 | $239,988 |
| Daniel L. Johnson | Buy 16 Apr 2024 | $229,073 |
| Charles S. Miller SENIOR EXECUTIVE VP | Option 15 Mar 2024 | $287,976 |
| Jeffery Michael Watts CHIEF SALES OFFICER | Option 20 Feb 2024 | $447,825 |
| Anthony Paul Broersma EVP-OPERATIONS | Option 6 Feb 2024 | $131,271 |
| William Joseph Drazkowski EXECUTIVE VICE-PRESIDENT | Option 25 Jan 2024 | $281,248 |
| John Lewis Soderberg SENIOR EXECUTIVE VP | Option 23 Jan 2024 | $449,972 |
| Charles S. Miller SENIOR EXECUTIVE VP | Option 22 Jan 2024 | $630,797 |
| Reyne K Wisecup | Option 19 Jan 2024 | $799,987 |
| Scott Satterlee | Option 19 Jan 2024 | $233,035 |
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Price target
Current $62.83
Average $47.50
Low $38
High $55
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +43.55% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 2.94% | Growth period | 2 years |
| Last dividend date | Yield 3 years | 2.77% | Growth 3 years | +8.33% | |
| Last dividend | Yield 5 years | 2.59% | Growth 5 years | +2.94% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Daniel L. Florness (58) Pres, CEO, and Director | 58 | $2,055,286 | |
| Daniel Florness (56) President, Chief Executive Officer, and Director since 2016 | 56 | 2016 | $1,759,940 |
| Terry Modock Owen (53) Sr. Exec. VP of Sales Operations | 53 | $1,447,790 | |
| Jeffery Watts (48) Executive Vice President – International Sales since 2016 | 48 | 2016 | $1,430,150 |
| James Jansen (49) Executive Vice President – Manufacturing since 2015 | 49 | 2015 | $1,263,410 |
| Jeffery M. Watts (49) Exec. VP of International Sales | 49 | $1,152,306 | |
| Reyne K. Wisecup (58) Sr. EVP of HR and Director | 58 | $1,076,008 | |
| Holden Lewis (52) Exec. VP and CFO | 52 | $1,071,594 | |
| Terry Owen (51) Senior Executive Vice President – Sales Operations since 2016 | 51 | 2016 | $1,060,030 |
| Leland Hein (59) Senior Executive Vice President – Sales since 2016 | 59 | 2016 | $977,992 |
| Holden Lewis (50) Chief Financial Officer and Executive Vice President since 2016 | 50 | 2016 | $958,769 |
| Charles Miller (45) Senior Executive Vice President – Sales since 2020 | 45 | 2020 | $925,351 |
| Reyne Wisecup (56) Executive Vice President of Human Resources and Director since 2016 | 56 | 2016 | $912,592 |
| Willard Oberton (61) Independent Chairman of the Board since 2016 | 61 | 2016 | $385,000 |
| Sheryl Lisowski (52) Chief Accounting Officer, Controller, and Treasurer since 2016 | 52 | 2016 | $342,904 |
| Michael Dolan (73) Independent Director since 2000 | 73 | 2000 | $197,000 |
| Stephen Eastman (55) Independent Director since 2015 | 55 | 2015 | $145,000 |
| Michael Ancius (55) Independent Director since 2009 | 55 | 2009 | $143,000 |
| Daniel Johnson (56) Independent Director since 2016 | 56 | 2016 | $141,000 |
| Scott Satterlee (51) Independent Director since 2009 | 51 | 2009 | $129,000 |
| Rita Heise (63) Independent Director since 2012 | 63 | 2012 | $125,000 |
| Nicholas Lundquist (62) Director since 2020 | 62 | 2020 | $10,625 |
| Hsenghung HSU | 2020 | ||
| John Soderberg (48) Executive Vice President – Information Technology since 2016 | 48 | 2016 | |
| William Drazkowski (48) Executive Vice President - Sales since 2019 | 48 | 2019 | |
| John Lewis Soderberg (50) Sr. Exec. VP of Information Technology | 50 | ||
| James C. Jansen (51) Exec. VP of Manufacturing | 51 | ||
| Ellen Stolts | |||
| John J. Milek | |||
| Sheryl Ann Lisowski (54) Exec. VP, Chief Accounting Officer, and Treasurer | 54 |
since 1967, fastenal has grown from a single store to nearly 2,700 locations, each providing tailored local inventory and personal service for our customers. as we've expanded across the world, we've retained a core belief in people and their ability to accomplish remarkable things - if given the opportunity. from this philosophy stems an entrepreneurial culture that challenges every employee to run their own business, create their own success, and rise up to become company leaders. backed by our global sourcing, quality, and logistics operations, each store is a local, one-stop source for a spectrum of oem, mro and construction supplies. working within our decentralized environment, store personnel take a flexible approach to support local customers – sourcing products, making emergency deliveries, managing a lean flow of inventory to points of use, and leveraging our services, solutions and specialists to drive continual business improvements. local product and local people: th
- Industrials > Trading Companies & Distributors
- Fastenal Co., 2001 Theurer Boulevard, Winona 55987-1500, United States
- 507 454 5374
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +43.55% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 2.94% | Growth period | 2 years |
| Last dividend date | Yield 3 years | 2.77% | Growth 3 years | +8.33% | |
| Last dividend | Yield 5 years | 2.59% | Growth 5 years | +2.94% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $237.1 | $221.3 | |||
| Short term investments | |||||
| Net receivables | $1,213.2 | $1,087.6 | |||
| Inventory | $1,496.3 | $1,522.7 | |||
| Total current assets | $3,083.5 | $3,020.9 | |||
| Long term investments | |||||
| Property, plant & equipment | $1,291.1 | $1,281.3 | |||
| Goodwill & intangible assets | |||||
| Total noncurrent assets | $1,449.2 | $1,442 | |||
| Total investments | |||||
| Total assets | $4,532.7 | $4,462.9 | |||
| Current liabilities | |||||
| Accounts payable | $276 | $264.1 | |||
| Deferred revenue | |||||
| Short long term debt | $97.4 | $156.2 | |||
| Total current liabilities | $637.9 | $661.3 | |||
| Long term debt | $386 | $378.8 | |||
| Total noncurrent liabilities | $465.6 | $452.8 | |||
| Total debt | $483.4 | $535 | |||
| Total liabilities | $1,103.5 | $1,114.1 | |||
| Stockholders' equity | |||||
| Retained earnings | $3,431.4 | $3,356.9 | |||
| Other stockholder equity | -$66.7 | -$54.8 | |||
| Total stockholder equity | $3,429.2 | $3,348.8 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $221.3 | $230.1 | ||
| Short term investments | ||||
| Net receivables | $1,087.6 | $1,013.2 | ||
| Inventory | $1,522.7 | $1,708 | ||
| Total current assets | $3,020.9 | $3,124.8 | ||
| Long term investments | ||||
| Property, plant & equipment | $1,281.3 | $1,253 | ||
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $1,442 | $1,423.8 | ||
| Total investments | ||||
| Total assets | $4,462.9 | $4,548.6 | ||
| Current liabilities | ||||
| Accounts payable | $264.1 | $255 | ||
| Deferred revenue | ||||
| Short long term debt | $156.2 | $293.7 | ||
| Total current liabilities | $661.3 | $789.8 | ||
| Long term debt | $378.8 | $508.4 | ||
| Total noncurrent liabilities | $452.8 | $595.6 | ||
| Total debt | $535 | $802.1 | ||
| Total liabilities | $1,114.1 | $1,385.4 | ||
| Stockholders' equity | ||||
| Retained earnings | $3,356.9 | $3,218.7 | ||
| Other stockholder equity | -$54.8 | -$64.8 | ||
| Total stockholder equity | $3,348.8 | $3,163.2 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $1,895.1 | $1,758.6 | |||
| Cost of revenue | $1,033.5 | $959.2 | |||
| Gross profit | $861.6 | $799.4 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $471.4 | $445.6 | |||
| Total operating expenses | $471.4 | $445.6 | |||
| Operating income | $390.2 | $353.8 | |||
| Income from continuing operations | |||||
| EBIT | $391.8 | $356.1 | |||
| Income tax expense | $92.1 | $87.8 | |||
| Interest expense | $2 | $1.9 | |||
| Net income | |||||
| Net income | $297.7 | $266.4 | |||
| Income (for common shares) | $297.7 | $266.4 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $7,346.7 | $6,980.6 | ||
| Cost of revenue | $3,992.2 | $3,764.8 | ||
| Gross profit | $3,354.5 | $3,215.8 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1,825.8 | $1,762.2 | ||
| Total operating expenses | $1,825.8 | $1,762.2 | ||
| Operating income | $1,528.7 | $1,453.6 | ||
| Income from continuing operations | ||||
| EBIT | $1,532.8 | $1,454.3 | ||
| Income tax expense | $367 | $353.1 | ||
| Interest expense | $10.8 | $14.3 | ||
| Net income | ||||
| Net income | $1,155 | $1,086.9 | ||
| Income (for common shares) | $1,155 | $1,086.9 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $297.7 | $266.4 | |||
| Operating activities | |||||
| Depreciation | $42.9 | $43.2 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $2 | $1.7 | |||
| Total cash flows from operations | $335.6 | $354 | |||
| Investing activities | |||||
| Capital expenditures | -$48.3 | -$32.9 | |||
| Investments | |||||
| Total cash flows from investing | -$48.4 | -$33 | |||
| Financing activities | |||||
| Dividends paid | -$223.2 | -$417.3 | |||
| Sale and purchase of stock | $15.8 | $14.7 | |||
| Net borrowings | -$60 | ||||
| Total cash flows from financing | -$267.4 | -$402.6 | |||
| Effect of exchange rate | -$4 | $5.4 | |||
| Change in cash and equivalents | $15.8 | -$76.2 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $1,155 | $1,086.9 | ||
| Operating activities | ||||
| Depreciation | $177.3 | $176.6 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $7.3 | $7.2 | ||
| Total cash flows from operations | $1,432.7 | $941 | ||
| Investing activities | ||||
| Capital expenditures | -$160.6 | -$162.4 | ||
| Investments | ||||
| Total cash flows from investing | -$161.2 | -$163 | ||
| Financing activities | ||||
| Dividends paid | -$1,016.8 | -$711.3 | ||
| Sale and purchase of stock | $30.1 | -$228.6 | ||
| Net borrowings | -$295 | $165 | ||
| Total cash flows from financing | -$1,281.7 | -$774.9 | ||
| Effect of exchange rate | $1.4 | -$9.2 | ||
| Change in cash and equivalents | -$8.8 | -$6.1 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Confluence Investment Management |
-31.59%
|
1,733,384 | $108,925,858 |
| 2024 Q2 | Armstrong Henry H Associates Inc |
+104.04%
|
56,279 | $3,950,158 |
| 2024 Q2 | Dnb Asset Management As |
+2.72%
|
147,027 | $9,239,177 |
| 2024 Q2 | First Financial Bank - Trust Division |
-9.55%
|
27,063 | $1,700,638 |
| 2024 Q2 | Thurston, Springer, Miller, Herd & Titak, Inc |
Opened
|
2,464 | $155,093 |
| 2024 Q2 | Kathmere Capital Management |
-25.93%
|
5,634 | $364,914 |
| 2024 Q2 | Versant Capital Management, Inc |
+298.85%
|
347 | $21,805 |
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
+8.01%
|
1,968 | $123,669 |
| 2024 Q2 | General Partner |
+0.94%
|
11,189 | $703,117 |
| 2024 Q2 | 25 |
+1.14%
|
6,383 | $401,085 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Vanguard Group Inc | 12.16% | 69,625,696 | |
| Blackrock | 8.06% | 46,171,405 | |
| State Street Corp | 4.58% | 26,195,231 | |
| Bank Of New York Mellon Corp | 3.89% | 22,264,099 | |
| Geode Capital Management | 2.56% | 14,682,247 | |
| Charles Schwab Investment Management Inc | 2.40% | 13,766,143 | |
| Morgan Stanley | 1.58% | 9,033,427 | |
| Bank Of America Corp de/ | 1.46% | 8,332,609 | |
| Baird | 1.40% | 8,011,647 | |
| Principal Financial Group Inc | 1.31% | 7,521,805 |
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