-1.76%
3.00%
-6.38%
8.65%
4.87%
29.61%
104.30%
AI Spotlight on FAST
Company Description
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.
Market Data
| Last Price | 73.24 |
| Change Percentage | -1.76% |
| Open | 74.23 |
| Previous Close | 74.55 |
| Market Cap ( Millions) | 41958 |
| Volume | 5205399 |
| Year High | 84.88 |
| Year Low | 61.36 |
| M A 50 | 77.37 |
| M A 200 | 71.15 |
Financial Ratios
| FCF Yield | 2.26% |
| Dividend Yield | 2.18% |
| ROE | 32.55% |
| Debt / Equity | 13.42% |
| Net Debt / EBIDTA | 13.98% |
| Price To Book | 11.61 |
| Price Earnings Ratio | 36.49 |
| Price To FCF | 44.32 |
| Price To sales | 5.56 |
| EV / EBITDA | 25.69 |
News
- Jan -30 - 5 Stocks With Above-Market Yields Just Raised Payments Further
- Jan -29 - Fastenal Company: Market Maybe Too Optimistic About Business Outlook
- Jan -24 - 6 Upcoming Dividend Increases
- Jan -17 - Fastenal Company (FAST) Q4 2024 Earnings Call Transcript
- Jan -17 - Fastenal's Q4 Earnings & Sales Miss Estimates, Stock Down
- Jan -17 - S&P 500 Gains 1%; Fastenal Posts Downbeat Earnings
- Jan -17 - Fastenal Stock Slips After Dismal Q4 Results
- Jan -17 - Compared to Estimates, Fastenal (FAST) Q4 Earnings: A Look at Key Metrics
- Jan -17 - Fastenal Stock Drops as 'Soft Manufacturing Environment' Hits Q4 Results
- Jan -17 - Fastenal (FAST) Lags Q4 Earnings and Revenue Estimates
- Jan -16 - Manufacturing Earnings Are Coming. There's Reason for Hope.
- Jan -16 - Fastenal Gears Up to Report Q4 Earnings: Things to Keep in Mind
- Jan -15 - The Setup: Taiwan Semi, Fastenal and UnitedHealth
- Jan -14 - Ahead of Fastenal (FAST) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
- Jan -13 - How To Earn $500 A Month From Fastenal Stock Ahead Of Q4 Earnings
- Jan -03 - All 12 Dividend Aristocrats That Raised Their Dividends 10% or More in 2024
- Dec -28 - Fastenal: An Excellent Dividend Paying Stock, But Valuation Is Rich
- Dec -06 - Fastenal's Daily Sales in November Rise 3.4%: Here's What You Need to Know
- Dec -05 - Buying No-Brainer Dividends For The 'Best Four Years Ever'
- Nov -15 - Zacks Industry Outlook The Home Depot, Lowe's, Fastenal, Beacon Roofing Supply and Tecnoglass
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Fasteners
Expected Growth : 6.0 %
What the company do ?
Why we expect these perspectives ?
Fastenal's 6.0% growth in fasteners is driven by increasing demand from manufacturing and construction industries, supported by a strong economy and infrastructure development. Additionally, the company's vending machine technology and onsite locations provide convenience and efficiency, leading to increased sales and market share gains.
Segment n°2 -> Safety Supplies
Expected Growth : 5.8 %
What the company do ?
Why we expect these perspectives ?
Fastenal's Safety Supplies segment growth of 5.8% is driven by increasing demand from manufacturing and construction industries, expansion of vending machine solutions, and strategic acquisitions. Additionally, the company's focus on providing a wide range of safety products and services, including personal protective equipment and facility maintenance supplies, contributes to its growth.
Segment n°3 -> Tools
Expected Growth : 5.9 %
What the company do ?
Why we expect these perspectives ?
Fastenal's 5.9% growth in tools is driven by increasing demand from manufacturing and construction industries, expansion into new markets, and strategic acquisitions. Additionally, the company's vending machine technology and e-commerce platform have improved customer convenience, leading to increased sales. Furthermore, Fastenal's focus on private label products and cost savings initiatives have enhanced profitability.
Segment n°4 -> Janitorial Supplies
Expected Growth : 5.5 %
What the company do ?
Why we expect these perspectives ?
Fastenal's Janitorial Supplies segment growth of 5.5% is driven by increasing demand from industrial and commercial customers, expansion into new markets, and strategic pricing initiatives. Additionally, the company's vending machine technology and e-commerce platform have improved customer convenience, leading to higher sales volumes.
Segment n°5 -> Hydraulics & Pneumatics
Expected Growth : 5.7 %
What the company do ?
Why we expect these perspectives ?
Fastenal's Hydraulics & Pneumatics segment growth of 5.7% is driven by increasing demand from industrial automation, rising adoption of IoT-enabled solutions, and growing need for efficient fluid power systems. Additionally, the company's strategic acquisitions, expanded product offerings, and strong relationships with OEMs contribute to the segment's growth.
Segment n°6 -> Material Handling
Expected Growth : 5.6 %
What the company do ?
Why we expect these perspectives ?
Fastenal's Material Handling segment growth of 5.6% is driven by increasing demand for industrial vending solutions, expansion of Onsite locations, and growth in e-commerce sales. Additionally, the company's strategic pricing initiatives, investments in digital capabilities, and focus on supply chain optimization are contributing to the segment's growth.
Segment n°7 -> Cutting Tools
Expected Growth : 6.1 %
What the company do ?
Why we expect these perspectives ?
Fastenal's Cutting Tools segment growth of 6.1% is driven by increasing demand from manufacturing and construction industries, expansion of vending machine solutions, and strategic pricing initiatives. Additionally, the company's focus on digitalization, product innovation, and supply chain optimization are contributing to the growth.
Segment n°8 -> Electrical Supplies
Expected Growth : 5.4 %
What the company do ?
Why we expect these perspectives ?
Fastenal's Electrical Supplies segment growth of 5.4% is driven by increasing demand from industrial customers, particularly in the manufacturing and construction sectors. Additionally, the company's vending machine technology and e-commerce platform have improved customer convenience, leading to higher sales. Furthermore, Fastenal's strategic pricing and inventory management have enabled it to maintain market share and capitalize on growth opportunities.
Segment n°9 -> Welding Supplies
Expected Growth : 5.3 %
What the company do ?
Why we expect these perspectives ?
Fastenal's 5.3% growth in welding supplies is driven by increasing demand from manufacturing and construction industries, as well as the company's strategic expansion into new markets and geographies. Additionally, the company's focus on providing high-quality products and exceptional customer service has led to increased customer loyalty and retention, contributing to the segment's growth.
Segment n°10 -> Other
Expected Growth : 5.2 %
What the company do ?
Why we expect these perspectives ?
Fastenal's 5.2% growth in 'Other' segment is driven by increasing demand for non-fastener products, such as janitorial and sanitation supplies, and vending machine services. Additionally, the company's expansion into new markets, including the energy and transportation sectors, has contributed to this growth. Furthermore, Fastenal's strategic pricing initiatives and cost savings programs have also supported this segment's growth.
Fastenal Company Products
| Product Range | What is it ? |
|---|---|
| Fasteners | Fastenal offers a wide range of fasteners including nuts, bolts, screws, washers, and rivets from top manufacturers. |
| Fastening Tools | Fastenal provides a variety of fastening tools including drills, drivers, wrenches, and pliers from leading brands. |
| Cutting Tools | Fastenal offers a range of cutting tools including saw blades, drill bits, and cutting fluids from reputable manufacturers. |
| Material Handling | Fastenal provides material handling solutions including bins, containers, and storage systems to help organize and manage inventory. |
| Janitorial and Sanitation | Fastenal offers a range of janitorial and sanitation products including cleaning supplies, trash bags, and personal protective equipment. |
| Packaging and Shipping | Fastenal provides packaging and shipping solutions including boxes, tape, and labels from leading manufacturers. |
| Safety and Protection | Fastenal offers a range of safety and protection products including hard hats, gloves, and safety glasses from top brands. |
| MRO (Maintenance, Repair, and Operations) Supplies | Fastenal provides MRO supplies including lubricants, adhesives, and sealants from reputable manufacturers. |
Fastenal Company's Porter Forces
Threat Of Substitutes
Fastenal's products are highly specialized and customized, making it difficult for customers to find substitutes. Additionally, the company's strong relationships with suppliers and its ability to provide a wide range of products reduce the threat of substitutes.
Bargaining Power Of Customers
Fastenal's customers are primarily large industrial companies, which can exert some bargaining power due to their size and purchasing power. However, Fastenal's ability to provide customized solutions and its strong relationships with customers mitigate this power.
Bargaining Power Of Suppliers
Fastenal has a diverse supplier base and is not heavily dependent on any one supplier. Additionally, the company's strong relationships with suppliers and its ability to negotiate prices reduce the bargaining power of suppliers.
Threat Of New Entrants
The industrial distribution industry has high barriers to entry, including the need for significant capital investment and a large network of suppliers and customers. Fastenal's strong brand recognition and established relationships with customers and suppliers make it difficult for new entrants to gain traction.
Intensity Of Rivalry
The industrial distribution industry is highly competitive, with many established players competing for market share. Fastenal competes with other large distributors, as well as smaller, specialized players, which increases the intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 9.61% |
| Debt Cost | 4.24% |
| Equity Weight | 90.39% |
| Equity Cost | 9.01% |
| WACC | 8.55% |
| Leverage | 10.64% |
Fastenal Company : Quality Control
Fastenal Company passed 8 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PCAR | PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, … |
| PAYX | Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It … |
| MSM | MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, and the United Kingdom. … |
| TDG | TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, … |
| GWW | W.W. Grainger, Inc. distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Paychex
A-Score
1-Year Total Return ->
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TransDigm Group
A-Score
1-Year Total Return ->
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PACCAR
A-Score
1-Year Total Return ->
4
MSC Industrial Direct Co
A-Score
1-Year Total Return ->
5
Fastenal
A-Score
1-Year Total Return ->
6
