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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 1.27
FAST's Cash to Debt is ranked higher than
69% of the 222 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.40 vs. FAST: 1.27 )
FAST' s 10-Year Cash to Debt Range
Min: 0.03   Max: No Debt
Current: 1.27

Equity to Asset 0.81
FAST's Equity to Asset is ranked higher than
93% of the 224 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.47 vs. FAST: 0.81 )
FAST' s 10-Year Equity to Asset Range
Min: 0.81   Max: 0.9
Current: 0.81

0.81
0.9
Interest Coverage 860.75
FAST's Interest Coverage is ranked higher than
77% of the 169 Companies
in the Global Industrial Distribution industry.

( Industry Median: 22.58 vs. FAST: 860.75 )
FAST' s 10-Year Interest Coverage Range
Min: 74.67   Max: 9999.99
Current: 860.75

74.67
9999.99
F-Score: 5
Z-Score: 21.04
M-Score: -2.56
WACC vs ROIC
11.70%
27.35%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 21.10
FAST's Operating margin (%) is ranked higher than
96% of the 226 Companies
in the Global Industrial Distribution industry.

( Industry Median: 4.16 vs. FAST: 21.10 )
FAST' s 10-Year Operating margin (%) Range
Min: 13.17   Max: 21.5
Current: 21.1

13.17
21.5
Net-margin (%) 13.24
FAST's Net-margin (%) is ranked higher than
95% of the 226 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.54 vs. FAST: 13.24 )
FAST' s 10-Year Net-margin (%) Range
Min: 8.34   Max: 13.49
Current: 13.24

8.34
13.49
ROE (%) 26.69
FAST's ROE (%) is ranked higher than
97% of the 225 Companies
in the Global Industrial Distribution industry.

( Industry Median: 7.91 vs. FAST: 26.69 )
FAST' s 10-Year ROE (%) Range
Min: 15.63   Max: 29.52
Current: 26.69

15.63
29.52
ROA (%) 21.95
FAST's ROA (%) is ranked higher than
99% of the 227 Companies
in the Global Industrial Distribution industry.

( Industry Median: 3.45 vs. FAST: 21.95 )
FAST' s 10-Year ROA (%) Range
Min: 13.9   Max: 24.92
Current: 21.95

13.9
24.92
ROC (Joel Greenblatt) (%) 42.35
FAST's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 227 Companies
in the Global Industrial Distribution industry.

( Industry Median: 14.42 vs. FAST: 42.35 )
FAST' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 28.53   Max: 81.78
Current: 42.35

28.53
81.78
Revenue Growth (3Y)(%) 10.30
FAST's Revenue Growth (3Y)(%) is ranked higher than
81% of the 199 Companies
in the Global Industrial Distribution industry.

( Industry Median: 6.10 vs. FAST: 10.30 )
FAST' s 10-Year Revenue Growth (3Y)(%) Range
Min: 2.9   Max: 31.5
Current: 10.3

2.9
31.5
EBITDA Growth (3Y)(%) 11.50
FAST's EBITDA Growth (3Y)(%) is ranked higher than
71% of the 166 Companies
in the Global Industrial Distribution industry.

( Industry Median: 7.50 vs. FAST: 11.50 )
FAST' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -1.2   Max: 31.9
Current: 11.5

-1.2
31.9
EPS Growth (3Y)(%) 11.10
FAST's EPS Growth (3Y)(%) is ranked higher than
68% of the 151 Companies
in the Global Industrial Distribution industry.

( Industry Median: 6.00 vs. FAST: 11.10 )
FAST' s 10-Year EPS Growth (3Y)(%) Range
Min: -2.1   Max: 33.1
Current: 11.1

-2.1
33.1
» FAST's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

FAST Guru Trades in Q1 2014

Paul Tudor Jones 181,000 sh (New)
Steven Cohen 2,855,840 sh (+170.58%)
Jeremy Grantham 286,092 sh (+116.38%)
Bill Frels 1,840,546 sh (+34.22%)
Manning & Napier Advisors, Inc 2,690,152 sh (+9.24%)
Ruane Cunniff 20,822,757 sh (+1.53%)
Ron Baron 4,397,084 sh (+0.12%)
Ray Dalio Sold Out
Murray Stahl Sold Out
» More
Q2 2014

FAST Guru Trades in Q2 2014

Jeremy Grantham 350,306 sh (+22.45%)
Manning & Napier Advisors, Inc 2,873,907 sh (+6.83%)
Steven Cohen 500,000 sh (unchged)
Steven Cohen 1,744,926 sh (unchged)
Ruane Cunniff 20,803,549 sh (-0.09%)
Ron Baron 4,392,163 sh (-0.11%)
Bill Frels 1,836,448 sh (-0.22%)
Paul Tudor Jones 45,000 sh (-75.14%)
» More
Q3 2014

FAST Guru Trades in Q3 2014

Ray Dalio 66,056 sh (New)
Jim Simons 237,944 sh (New)
Paul Tudor Jones 229,011 sh (+408.91%)
Manning & Napier Advisors, Inc 4,667,848 sh (+62.42%)
Ruane Cunniff 24,086,459 sh (+15.78%)
Bill Frels 2,014,110 sh (+9.67%)
Ron Baron 4,319,038 sh (-1.66%)
Jeremy Grantham 314,106 sh (-10.33%)
Steven Cohen 30,000 sh (-98.28%)
» More
Q4 2014

FAST Guru Trades in Q4 2014

Jim Simons 308,944 sh (+29.84%)
Bill Frels 2,133,911 sh (+5.95%)
Jeremy Grantham 323,100 sh (+2.86%)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Ron Baron 4,308,585 sh (-0.24%)
Ruane Cunniff 24,025,457 sh (-0.25%)
Manning & Napier Advisors, Inc 4,451,713 sh (-4.63%)
Ray Dalio 49,902 sh (-24.46%)
» More
» Details

Insider Trades

Latest Guru Trades with FAST

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ray Dalio 2014-12-31 Reduce -24.46%0.01%$40.78 - $48.21 $ 41.55-7%49902
Ruane Cunniff 2014-09-30 Add 15.78%0.78%$43.74 - $50.08 $ 41.55-9%24086459
Ray Dalio 2014-09-30 New Buy0.02%$43.74 - $50.08 $ 41.55-9%66056
Ray Dalio 2014-03-31 Sold Out 0.05%$42.7 - $50.43 $ 41.55-11%0
Ray Dalio 2013-12-31 New Buy0.05%$45.62 - $51.89 $ 41.55-13%133861
Ray Dalio 2011-12-31 Sold Out 0.12%$32.23 - $44.32 $ 41.557%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Fastenal Co

Sequoia Fund's Discussion of Fastenal - Mar 07, 2014

Fastenal had a challenging year. Sales growth decelerated to 6% from 13% the prior year, reflecting slowing sales to end markets such as mining, military, and non-residential construction. The modest sales growth result produced minimal operating leverage and the operating profit margin stayed flat at 21.4%. Earnings per share increased 7% to $1.51. Fastenal’s owners are not accustomed to such modest results.



Fortunately, Fastenal’s creative and aggressive management is not standing still and is taking action to improve both top line growth and profitability. Starting in the third quarter of 2013, Fastenal began aggressively adding salespeople at its store locations. Management believes that there is a strong long-term correlation between the increase in sales personnel and revenue growth. The cost of investing in new sales people has had a short-term negative impact on profitability but should enable Fastenal to return to mid-teens sales and earnings growth in the near future. There is risk in adding sales people when demand appears weak for all industrial distributors. Still, we believe Fastenal’s long-term prospects are healthy.



Source: Sequoia Fund's 2013 Annual Report - Management's Discussion of Fund Performance



Check out Sequoia Fund latest stock trades

Baron Funds Comments on Fastenal Co. - Feb 20, 2014

Fastenal Co. (FAST) is a leading distributor of fasteners and other industrial supplies. Its shares fell after disappointing sales metrics, coupled with an ongoing investment in its sales force, weighed on recent earnings results. With improved business trends in the company's important manufacturing and construction end-markets, we are hopeful that Fastenal's growth will accelerate in 2014



From Baron Funds' fourth quarter letter 2013 to shareholders.



Check out Ron Baron latest stock trades

Baron Funds Comments on Fastenal Co. - Aug 02, 2013

Shares of industrial distributor Fastenal Co. (FAST) detracted from performance, as the company's sales decelerated slightly given volatile order trends from its manufacturing and commercial construction customers.We remain confident that new initiatives, such as installing vending machines at customers' sites and international expansion, will drive accelerated market share gains and higher margins for Fastenal as the economic recovery gains steam.

From the Baron Funds’ second quarter 2013 commentary.


Check out Ron Baron latest stock trades

Top Ranked Articles about Fastenal Co

Sequoia Fund's Discussion of Fastenal
Fastenal had a challenging year. Sales growth decelerated to 6% from 13% the prior year, reflecting slowing sales to end markets such as mining, military, and non-residential construction. The modest sales growth result produced minimal operating leverage and the operating profit margin stayed flat at 21.4%. Earnings per share increased 7% to $1.51. Fastenal’s owners are not accustomed to such modest results. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 24.90
FAST's P/E(ttm) is ranked higher than
56% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 20.20 vs. FAST: 24.90 )
FAST' s 10-Year P/E(ttm) Range
Min: 15.06   Max: 44.88
Current: 24.9

15.06
44.88
Forward P/E 19.05
FAST's Forward P/E is ranked higher than
72% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 39.22 vs. FAST: 19.05 )
N/A
PE(NRI) 24.90
FAST's PE(NRI) is ranked higher than
56% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 20.00 vs. FAST: 24.90 )
FAST' s 10-Year PE(NRI) Range
Min: 14.99   Max: 44.74
Current: 24.9

14.99
44.74
P/B 6.43
FAST's P/B is ranked lower than
67% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.42 vs. FAST: 6.43 )
FAST' s 10-Year P/B Range
Min: 3.44   Max: 10.52
Current: 6.43

3.44
10.52
P/S 3.31
FAST's P/S is ranked lower than
64% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.53 vs. FAST: 3.31 )
FAST' s 10-Year P/S Range
Min: 1.73   Max: 5.55
Current: 3.31

1.73
5.55
PFCF 39.57
FAST's PFCF is ranked higher than
64% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 41.26 vs. FAST: 39.57 )
FAST' s 10-Year PFCF Range
Min: 18.16   Max: 1579.8
Current: 39.57

18.16
1579.8
POCF 24.73
FAST's POCF is ranked higher than
56% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 17.88 vs. FAST: 24.73 )
FAST' s 10-Year POCF Range
Min: 14.82   Max: 87.77
Current: 24.73

14.82
87.77
EV-to-EBIT 16.40
FAST's EV-to-EBIT is ranked higher than
61% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 15.15 vs. FAST: 16.40 )
FAST' s 10-Year EV-to-EBIT Range
Min: 9.1   Max: 27.8
Current: 16.4

9.1
27.8
PEG 1.25
FAST's PEG is ranked higher than
78% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.00 vs. FAST: 1.25 )
FAST' s 10-Year PEG Range
Min: 0.68   Max: 7.54
Current: 1.25

0.68
7.54
Shiller P/E 33.25
FAST's Shiller P/E is ranked higher than
65% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 32.11 vs. FAST: 33.25 )
FAST' s 10-Year Shiller P/E Range
Min: 20.29   Max: 62.29
Current: 33.25

20.29
62.29
Current Ratio 4.22
FAST's Current Ratio is ranked higher than
92% of the 225 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.85 vs. FAST: 4.22 )
FAST' s 10-Year Current Ratio Range
Min: 3.84   Max: 8.42
Current: 4.22

3.84
8.42
Quick Ratio 1.90
FAST's Quick Ratio is ranked higher than
83% of the 225 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.19 vs. FAST: 1.90 )
FAST' s 10-Year Quick Ratio Range
Min: 1.72   Max: 4.65
Current: 1.9

1.72
4.65
Days Inventory 163.10
FAST's Days Inventory is ranked lower than
59% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 75.12 vs. FAST: 163.10 )
FAST' s 10-Year Days Inventory Range
Min: 131.54   Max: 206.74
Current: 163.1

131.54
206.74
Days Sales Outstanding 45.17
FAST's Days Sales Outstanding is ranked higher than
83% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 64.80 vs. FAST: 45.17 )
FAST' s 10-Year Days Sales Outstanding Range
Min: 38.2   Max: 52.78
Current: 45.17

38.2
52.78

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.48
FAST's Dividend Yield is ranked higher than
59% of the 181 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.12 vs. FAST: 2.48 )
FAST' s 10-Year Dividend Yield Range
Min: 0.49   Max: 2.43
Current: 2.48

0.49
2.43
Dividend Payout 0.60
FAST's Dividend Payout is ranked higher than
56% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.55 vs. FAST: 0.60 )
FAST' s 10-Year Dividend Payout Range
Min: 0.02   Max: 0.6
Current: 0.6

0.02
0.6
Dividend growth (3y) 15.40
FAST's Dividend growth (3y) is ranked higher than
78% of the 117 Companies
in the Global Industrial Distribution industry.

( Industry Median: 8.80 vs. FAST: 15.40 )
FAST' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 128.5
Current: 15.4

0
128.5
Yield on cost (5-Year) 6.49
FAST's Yield on cost (5-Year) is ranked higher than
86% of the 185 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.36 vs. FAST: 6.49 )
FAST' s 10-Year Yield on cost (5-Year) Range
Min: 1.32   Max: 6.57
Current: 6.49

1.32
6.57
Share Buyback Rate -0.20
FAST's Share Buyback Rate is ranked higher than
68% of the 139 Companies
in the Global Industrial Distribution industry.

( Industry Median: -0.20 vs. FAST: -0.20 )
FAST' s 10-Year Share Buyback Rate Range
Min: 0.7   Max: -0.3
Current: -0.2

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 27.34
FAST's Price/Net Current Asset Value is ranked higher than
87% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.00 vs. FAST: 27.34 )
FAST' s 10-Year Price/Net Current Asset Value Range
Min: 13.09   Max: 51.99
Current: 27.34

13.09
51.99
Price/Tangible Book 6.43
FAST's Price/Tangible Book is ranked higher than
50% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 3.71 vs. FAST: 6.43 )
FAST' s 10-Year Price/Tangible Book Range
Min: 4.53   Max: 17.04
Current: 6.43

4.53
17.04
Price/DCF (Projected) 2.53
FAST's Price/DCF (Projected) is ranked higher than
72% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 5.00 vs. FAST: 2.53 )
FAST' s 10-Year Price/DCF (Projected) Range
Min: 2.42   Max: 7.91
Current: 2.53

2.42
7.91
Price/Median PS Value 0.90
FAST's Price/Median PS Value is ranked higher than
79% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.18 vs. FAST: 0.90 )
FAST' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.93
Current: 0.9

0.6
1.93
Price/Peter Lynch Fair Value 1.35
FAST's Price/Peter Lynch Fair Value is ranked higher than
85% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.00 vs. FAST: 1.35 )
FAST' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.78   Max: 7.68
Current: 1.35

0.78
7.68
Price/Graham Number 2.66
FAST's Price/Graham Number is ranked higher than
64% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 3.17 vs. FAST: 2.66 )
FAST' s 10-Year Price/Graham Number Range
Min: 1.93   Max: 6.69
Current: 2.66

1.93
6.69
Earnings Yield (Greenblatt) 6.10
FAST's Earnings Yield (Greenblatt) is ranked higher than
60% of the 226 Companies
in the Global Industrial Distribution industry.

( Industry Median: 6.80 vs. FAST: 6.10 )
FAST' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.6   Max: 11
Current: 6.1

3.6
11
Forward Rate of Return (Yacktman) 20.33
FAST's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 154 Companies
in the Global Industrial Distribution industry.

( Industry Median: 10.25 vs. FAST: 20.33 )
FAST' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 6.3   Max: 29.5
Current: 20.33

6.3
29.5

Business Description

Industry: Industrial Distribution » Industrial Distribution
Compare:WOSYY, GWW, GPC, NDEKY, LKQ » details
Traded in other countries:FAS.Germany,
Fastenal Co was incorporated under the laws of Minnesota in 1967. It operates 14 distribution centers in North America. The Company is engaged in the wholesale distribution of industrial and construction supplies. It distributes these supplies through a network of approximately 2,700 company owned stores. Its customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers (OEM) and maintenance and repair operations (MRO). The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors. The Company conducts business under various trademarks and service marks, and utilizes a variety of designs and tag lines in connection with each of these marks, including First In Fasteners(r). The product line, which it refers to as the fastener product line, consists of two broad categories threaded fasteners, such as bolts, nuts, screws, studs, and related washers; and miscellaneous supplies, such as paints, various pins and machinery keys, concrete anchors, batteries, sealants, metal framing systems, wire rope, strut, private-label stud anchors, rivets, and related accessories. The construction market includes general, electrical, plumbing, sheet metal, and road contractors. Other users of its products include farmers, truckers, railroads, mining companies, federal, state and local governmental entities, schools, and certain retail trades. Competitors include both large distributors located mainly in cities and smaller distributors located in many of the same cities in which it has stores.
» More Articles for FAST

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