Switch to:

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 : 7/10

vs
industry
vs
history
Cash to Debt 1.11
FAST's Cash to Debt is ranked higher than
70% of the 239 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.48 vs. FAST: 1.11 )
FAST' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 1.11

Equity to Asset 0.80
FAST's Equity to Asset is ranked higher than
93% of the 244 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.48 vs. FAST: 0.80 )
FAST' s 10-Year Equity to Asset Range
Min: 0.77   Max: 0.9
Current: 0.8

0.77
0.9
Interest Coverage 6306.70
FAST's Interest Coverage is ranked higher than
85% of the 183 Companies
in the Global Industrial Distribution industry.

( Industry Median: 20.17 vs. FAST: 6306.70 )
FAST' s 10-Year Interest Coverage Range
Min: 74.67   Max: 9999.99
Current: 6306.7

74.67
9999.99
F-Score: 4
Z-Score: 19.84
M-Score: -2.43
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 (%) 20.87
FAST's Operating margin (%) is ranked higher than
98% of the 245 Companies
in the Global Industrial Distribution industry.

( Industry Median: 4.29 vs. FAST: 20.87 )
FAST' s 10-Year Operating margin (%) Range
Min: 13.17   Max: 21.5
Current: 20.87

13.17
21.5
Net-margin (%) 13.12
FAST's Net-margin (%) is ranked higher than
96% of the 245 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.78 vs. FAST: 13.12 )
FAST' s 10-Year Net-margin (%) Range
Min: 8.34   Max: 13.49
Current: 13.12

8.34
13.49
ROE (%) 26.12
FAST's ROE (%) is ranked higher than
97% of the 244 Companies
in the Global Industrial Distribution industry.

( Industry Median: 8.12 vs. FAST: 26.12 )
FAST' s 10-Year ROE (%) Range
Min: 15.63   Max: 33.87
Current: 26.12

15.63
33.87
ROA (%) 21.67
FAST's ROA (%) is ranked higher than
99% of the 245 Companies
in the Global Industrial Distribution industry.

( Industry Median: 3.51 vs. FAST: 21.67 )
FAST' s 10-Year ROA (%) Range
Min: 13.9   Max: 28.68
Current: 21.67

13.9
28.68
ROC (Joel Greenblatt) (%) 41.77
FAST's ROC (Joel Greenblatt) (%) is ranked higher than
94% of the 245 Companies
in the Global Industrial Distribution industry.

( Industry Median: 14.54 vs. FAST: 41.77 )
FAST' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 28.53   Max: 105.31
Current: 41.77

28.53
105.31
Revenue Growth (%) 13.20
FAST's Revenue Growth (%) is ranked higher than
85% of the 217 Companies
in the Global Industrial Distribution industry.

( Industry Median: 5.60 vs. FAST: 13.20 )
FAST' s 10-Year Revenue Growth (%) Range
Min: 2.9   Max: 35.2
Current: 13.2

2.9
35.2
EBITDA Growth (%) 17.70
FAST's EBITDA Growth (%) is ranked higher than
81% of the 178 Companies
in the Global Industrial Distribution industry.

( Industry Median: 8.80 vs. FAST: 17.70 )
FAST' s 10-Year EBITDA Growth (%) Range
Min: -1.2   Max: 33.2
Current: 17.7

-1.2
33.2
EPS Growth (%) 18.80
FAST's EPS Growth (%) is ranked higher than
77% of the 171 Companies
in the Global Industrial Distribution industry.

( Industry Median: 4.70 vs. FAST: 18.80 )
FAST' s 10-Year EPS Growth (%) Range
Min: -2.1   Max: 33.1
Current: 18.8

-2.1
33.1
» FAST's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

FAST Guru Trades in Q3 2013

Murray Stahl 7,740 sh (New)
Steven Cohen 1,778,136 sh (+13105.6%)
Bill Frels 1,265,670 sh (+10.19%)
Manning & Napier Advisors, Inc 2,157,080 sh (+8.71%)
Ron Baron 4,331,536 sh (+2.37%)
Ruane Cunniff 20,726,836 sh (-0.04%)
Jeremy Grantham 204,222 sh (-22.32%)
Jim Simons 58,144 sh (-92.28%)
» More
Q4 2013

FAST Guru Trades in Q4 2013

Ray Dalio 133,861 sh (New)
Murray Stahl 12,556 sh (+62.22%)
Manning & Napier Advisors, Inc 2,462,526 sh (+14.16%)
Bill Frels 1,371,274 sh (+8.34%)
Ron Baron 4,391,903 sh (+1.39%)
Jim Simons Sold Out
Ruane Cunniff 20,508,329 sh (-1.05%)
Jeremy Grantham 132,217 sh (-35.26%)
Steven Cohen 1,055,442 sh (-40.64%)
» More
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 1,744,926 sh (unchged)
Steven Cohen 500,000 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
» 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 2014-03-31 Sold Out 0.05%$42.7 - $50.43 $ 41.4-12%0
Ray Dalio 2013-12-31 New Buy0.05%$45.62 - $51.89 $ 41.4-14%133861
Ray Dalio 2011-12-31 Sold Out 0.12%$32.23 - $44.32 $ 41.47%0
Ray Dalio 2011-09-30 Reduce -67.1%0.25%$29.47 - $36.63 $ 41.424%244461
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

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

Baron Funds Comments on Fastenal Co. - Feb 06, 2013

Shares of Fastenal Co. (FAST), the leading distributor of industrial supplies, performed well during the quarter, as sales across the company's 2,600 branches remained strong, rising approximately 7-10% over the prior year's figures. These results were attributable to a rebound in domestic manufacturing, continued gains in market share from smaller competitors in this fragmented market, and the company's successful introduction to its customer base of vending machines that dispense industrial supplies directly to the manufacturing factory floor.

From Baron Funds' fourth quarter letter.


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...
Baron Funds Comments on Fastenal Co.
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 Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 25.90
FAST's P/E(ttm) is ranked higher than
56% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 20.00 vs. FAST: 25.90 )
FAST' s 10-Year P/E(ttm) Range
Min: 15.06   Max: 45.7
Current: 25.9

15.06
45.7
P/B 6.50
FAST's P/B is ranked lower than
68% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.33 vs. FAST: 6.50 )
FAST' s 10-Year P/B Range
Min: 3.44   Max: 10.52
Current: 6.5

3.44
10.52
P/S 3.40
FAST's P/S is ranked lower than
65% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.64 vs. FAST: 3.40 )
FAST' s 10-Year P/S Range
Min: 1.73   Max: 5.55
Current: 3.4

1.73
5.55
PFCF 53.90
FAST's PFCF is ranked higher than
69% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 64.05 vs. FAST: 53.90 )
FAST' s 10-Year PFCF Range
Min: 18.16   Max: 1579.8
Current: 53.9

18.16
1579.8
EV-to-EBIT 16.17
FAST's EV-to-EBIT is ranked higher than
62% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 14.76 vs. FAST: 16.17 )
FAST' s 10-Year EV-to-EBIT Range
Min: 9.1   Max: 28.1
Current: 16.17

9.1
28.1
PEG 1.10
FAST's PEG is ranked higher than
84% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 9999.00 vs. FAST: 1.10 )
FAST' s 10-Year PEG Range
Min: 0.68   Max: 7.87
Current: 1.1

0.68
7.87
Shiller P/E 33.40
FAST's Shiller P/E is ranked higher than
69% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 35.89 vs. FAST: 33.40 )
FAST' s 10-Year Shiller P/E Range
Min: 20.29   Max: 63.97
Current: 33.4

20.29
63.97
Current Ratio 3.97
FAST's Current Ratio is ranked higher than
92% of the 244 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.86 vs. FAST: 3.97 )
FAST' s 10-Year Current Ratio Range
Min: 3.06   Max: 8.42
Current: 3.97

3.06
8.42
Quick Ratio 1.92
FAST's Quick Ratio is ranked higher than
83% of the 244 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.19 vs. FAST: 1.92 )
FAST' s 10-Year Quick Ratio Range
Min: 1.5   Max: 4.65
Current: 1.92

1.5
4.65

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.40
FAST's Dividend Yield is ranked higher than
58% of the 200 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.24 vs. FAST: 2.40 )
FAST' s 10-Year Dividend Yield Range
Min: 0.55   Max: 2.43
Current: 2.4

0.55
2.43
Dividend Payout 0.63
FAST's Dividend Payout is ranked higher than
57% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.57 vs. FAST: 0.63 )
FAST' s 10-Year Dividend Payout Range
Min: 0.07   Max: 1.16
Current: 0.63

0.07
1.16
Dividend growth (3y) 25.00
FAST's Dividend growth (3y) is ranked higher than
88% of the 134 Companies
in the Global Industrial Distribution industry.

( Industry Median: 6.30 vs. FAST: 25.00 )
FAST' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 128.5
Current: 25

0
128.5
Yield on cost (5-Year) 7.18
FAST's Yield on cost (5-Year) is ranked higher than
90% of the 205 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.39 vs. FAST: 7.18 )
FAST' s 10-Year Yield on cost (5-Year) Range
Min: 1.65   Max: 7.33
Current: 7.18

1.65
7.33
Share Buyback Rate -0.30
FAST's Share Buyback Rate is ranked higher than
68% of the 153 Companies
in the Global Industrial Distribution industry.

( Industry Median: -0.30 vs. FAST: -0.30 )
FAST' s 10-Year Share Buyback Rate Range
Min: 0.7   Max: -0.3
Current: -0.3

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 26.96
FAST's Price/Net Current Asset Value is ranked higher than
87% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 9999.00 vs. FAST: 26.96 )
FAST' s 10-Year Price/Net Current Asset Value Range
Min: 10.63   Max: 56.25
Current: 26.96

10.63
56.25
Price/Tangible Book 6.43
FAST's Price/Tangible Book is ranked lower than
59% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.73 vs. FAST: 6.43 )
FAST' s 10-Year Price/Tangible Book Range
Min: 4.15   Max: 17.04
Current: 6.43

4.15
17.04
Price/DCF (Projected) 2.59
FAST's Price/DCF (Projected) is ranked higher than
63% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.77 vs. FAST: 2.59 )
FAST' s 10-Year Price/DCF (Projected) Range
Min: 2.06   Max: 10.4
Current: 2.59

2.06
10.4
Price/Median PS Value 0.91
FAST's Price/Median PS Value is ranked higher than
79% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.10 vs. FAST: 0.91 )
FAST' s 10-Year Price/Median PS Value Range
Min: 0.53   Max: 1.92
Current: 0.91

0.53
1.92
Price/Peter Lynch Fair Value 1.26
FAST's Price/Peter Lynch Fair Value is ranked higher than
83% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 9999.00 vs. FAST: 1.26 )
FAST' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.78   Max: 7.68
Current: 1.26

0.78
7.68
Price/Graham Number 2.72
FAST's Price/Graham Number is ranked higher than
52% of the 252 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.57 vs. FAST: 2.72 )
FAST' s 10-Year Price/Graham Number Range
Min: 1.85   Max: 6.52
Current: 2.72

1.85
6.52
Earnings Yield (Greenblatt) 6.20
FAST's Earnings Yield (Greenblatt) is ranked higher than
57% of the 233 Companies
in the Global Industrial Distribution industry.

( Industry Median: 7.70 vs. FAST: 6.20 )
FAST' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.6   Max: 11
Current: 6.2

3.6
11
Forward Rate of Return (Yacktman) 21.90
FAST's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 198 Companies
in the Global Industrial Distribution industry.

( Industry Median: 7.45 vs. FAST: 21.90 )
FAST' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 6   Max: 29.4
Current: 21.9

6
29.4

Business Description

Industry: Industrial Distribution » Industrial Distribution
Compare:WOSYY, GWW, GPC, NDEKY, LKQ » details
Traded in other countries:FAS.Germany
Fastenal Company was incorporated under the laws of Minnesota in 1968. It operates 14 distribution centers in North America. The Company engages in the wholesale distribution of industrial and construction supplies. It distributes these supplies through a network of approximately 2,500 company owned stores. It distributes these supplies through a network of approximately 2,600 company owned stores. It conducts business under various trademarks and service marks, including: Fastenal, FAS-N-IT, FNL, Blackstone, Rock River, Blue Global, Fastenal Racing, FNL G9, Equiprite, Clean Choice, Bodyguard, Profitter, Dynaflo, FMT, Tritan, Caliber, PowerPhase. 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. Most of its customers are in the construction and manufacturing markets. The construction market includes general, electrical, plumbing, sheet metal, and road contractors. The manufacturing market includes both original equipment manufacturers and maintenance and repair operations. 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 large cities and smaller distributors located in many of the same cities in which it has stores.
» More Articles for FAST

Headlines

Articles On GuruFocus.com
Transcript of Ruane, Cunniff & Goldfarb Investor Day - May 16, 2014 Oct 05 2014 
Can Fastenal Get Back on Track to Benefit From Industrial Growth? Sep 22 2014 
5 Debt-Free Dividend Stocks With High Cash On Hand Sep 06 2014 
10 Years of Google and the Importance of Long-Term Thinking Aug 28 2014 
Fastenal Is On Track to Deliver Long-Term Growth Aug 21 2014 
W.W. Grainger (GWW) Dividend Stock Analysis Aug 01 2014 
Weekly CEO Buys Highlight: OPK, QTET, MIC, FAST, OCRX Jul 21 2014 
Review of the week’s big stories Jul 13 2014 
Importance of ROIC Part 2: Compounders and Cheap Stocks Jun 04 2014 
Why I Feel Bearish About Fastenal Apr 09 2014 


More From Other Websites
FASTENAL CO Files SEC form 10-Q, Quarterly Report Oct 15 2014
As we survey the damage, we look to the future... Oct 15 2014
Margin Pressures Drag Fastenal (FAST) to a 52-Week Low Oct 13 2014
Fastenal meets Q3 estimates Oct 10 2014
Today's Market Thorns, Roses, and All Time Highs... Oct 10 2014
Worst week for S&P 500, Nasdaq since May 2012 Oct 10 2014
Fastenal (FAST) Earnings Report: Q3 2014 Conference Call Transcript Oct 10 2014
Fastenal Earnings Meet, Sales Beat Estimates; Margins Soft Oct 10 2014
3 Stocks Underperforming Today In The Wholesale Industry Oct 10 2014
Industry Supplier Fastenal Sales Pace Slowed In Sept. Oct 10 2014
Will Fastenal (FAST) Stock Be Helped by Its Third Quarter Earnings Beat? Oct 10 2014
Fastenal meets 3Q profit forecasts Oct 10 2014
Fastenal meets 3Q profit forecasts Oct 10 2014
FASTENAL CO Files SEC form 8-K, Results of Operations and Financial Condition Oct 10 2014
Q3 2014 Fastenal Co Earnings Release - Before Market Open Oct 10 2014
Fastenal Company Reports 2014 Third Quarter Earnings Oct 10 2014
[$$] For Fastenal, Past Isn’t Prologue Oct 09 2014
FASTENAL CO Files SEC form 8-K, Regulation FD Disclosure Oct 09 2014
Fastenal Company Announces Cash Dividend Oct 09 2014
Will Fastenal (FAST) Q3 Earnings be Hurt by Gross Margins? Oct 07 2014

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK