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Also traded in: Austria, Germany

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 0.26
FAST's Cash-to-Debt is ranked lower than
62% of the 192 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.90 vs. FAST: 0.26 )
Ranked among companies with meaningful Cash-to-Debt only.
FAST' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: No Debt Max: No Debt
Current: 0.26
Equity-to-Asset 0.70
FAST's Equity-to-Asset is ranked higher than
81% of the 189 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.48 vs. FAST: 0.70 )
Ranked among companies with meaningful Equity-to-Asset only.
FAST' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.69  Med: 0.86 Max: 0.9
Current: 0.7
0.69
0.9
Debt-to-Equity 0.22
FAST's Debt-to-Equity is ranked higher than
72% of the 158 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.48 vs. FAST: 0.22 )
Ranked among companies with meaningful Debt-to-Equity only.
FAST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02  Med: 0.06 Max: 0.23
Current: 0.22
0.02
0.23
Interest Coverage 110.85
FAST's Interest Coverage is ranked higher than
65% of the 158 Companies
in the Global Industrial Distribution industry.

( Industry Median: 28.83 vs. FAST: 110.85 )
Ranked among companies with meaningful Interest Coverage only.
FAST' s Interest Coverage Range Over the Past 10 Years
Min: 110.85  Med: No Debt Max: No Debt
Current: 110.85
Piotroski F-Score: 5
Altman Z-Score: 12.95
Beneish M-Score: -2.15
WACC vs ROIC
6.55%
23.86%
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 % 20.23
FAST's Operating Margin % is ranked higher than
95% of the 194 Companies
in the Global Industrial Distribution industry.

( Industry Median: 3.23 vs. FAST: 20.23 )
Ranked among companies with meaningful Operating Margin % only.
FAST' s Operating Margin % Range Over the Past 10 Years
Min: 15.32  Med: 20.43 Max: 21.5
Current: 20.23
15.32
21.5
Net Margin % 12.71
FAST's Net Margin % is ranked higher than
93% of the 195 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.02 vs. FAST: 12.71 )
Ranked among companies with meaningful Net Margin % only.
FAST' s Net Margin % Range Over the Past 10 Years
Min: 9.55  Med: 12.78 Max: 13.49
Current: 12.71
9.55
13.49
ROE % 27.10
FAST's ROE % is ranked higher than
93% of the 192 Companies
in the Global Industrial Distribution industry.

( Industry Median: 6.53 vs. FAST: 27.10 )
Ranked among companies with meaningful ROE % only.
FAST' s ROE % Range Over the Past 10 Years
Min: 15.8  Med: 26.43 Max: 27.86
Current: 27.1
15.8
27.86
ROA % 19.10
FAST's ROA % is ranked higher than
96% of the 196 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.78 vs. FAST: 19.10 )
Ranked among companies with meaningful ROA % only.
FAST' s ROA % Range Over the Past 10 Years
Min: 14.01  Med: 21.71 Max: 24.03
Current: 19.1
14.01
24.03
ROC (Joel Greenblatt) % 37.52
FAST's ROC (Joel Greenblatt) % is ranked higher than
86% of the 195 Companies
in the Global Industrial Distribution industry.

( Industry Median: 13.11 vs. FAST: 37.52 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FAST' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.53  Med: 42.02 Max: 47.18
Current: 37.52
28.53
47.18
3-Year Revenue Growth Rate 7.00
FAST's 3-Year Revenue Growth Rate is ranked higher than
73% of the 180 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.70 vs. FAST: 7.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
FAST' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 2.8  Med: 18.9 Max: 38.1
Current: 7
2.8
38.1
3-Year EBITDA Growth Rate 6.00
FAST's 3-Year EBITDA Growth Rate is ranked higher than
53% of the 156 Companies
in the Global Industrial Distribution industry.

( Industry Median: 4.80 vs. FAST: 6.00 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
FAST' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -1.1  Med: 22.1 Max: 43.9
Current: 6
-1.1
43.9
3-Year EPS without NRI Growth Rate 4.60
FAST's 3-Year EPS without NRI Growth Rate is ranked higher than
52% of the 144 Companies
in the Global Industrial Distribution industry.

( Industry Median: 3.40 vs. FAST: 4.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
FAST' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -2.1  Med: 24 Max: 44.2
Current: 4.6
-2.1
44.2
» FAST's 30-Y Financials

Financials (Next Earnings Date: 2017-10-11 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2016

FAST Guru Trades in Q3 2016

Ray Dalio 52,411 sh (New)
Jim Simons 1,591,644 sh (+226.73%)
Paul Tudor Jones 32,897 sh (+19.68%)
John Rogers 42,869 sh (unchged)
Mairs and Power 2,187,782 sh (-0.35%)
Ruane Cunniff 11,455,058 sh (-5.34%)
Ron Baron 2,127,316 sh (-15.21%)
John Hussman 77,900 sh (-56.21%)
» More
Q4 2016

FAST Guru Trades in Q4 2016

Diamond Hill Capital 535,428 sh (New)
Steven Cohen 167,000 sh (New)
Manning & Napier Advisors, Inc 15,040 sh (New)
David Rolfe 2,493,679 sh (New)
Jim Simons Sold Out
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
John Rogers Sold Out
Mairs and Power 2,180,406 sh (-0.34%)
Ron Baron 1,856,067 sh (-12.75%)
Ruane Cunniff 9,391,446 sh (-18.01%)
John Hussman 2,900 sh (-96.28%)
» More
Q1 2017

FAST Guru Trades in Q1 2017

Jim Simons 337,744 sh (New)
Steven Cohen 753,800 sh (+351.38%)
Manning & Napier Advisors, Inc 15,040 sh (unchged)
Diamond Hill Capital 534,639 sh (-0.15%)
Mairs and Power 2,088,026 sh (-4.24%)
David Rolfe 2,305,493 sh (-7.55%)
John Hussman 2,400 sh (-17.24%)
Ron Baron 885,673 sh (-52.28%)
Ruane Cunniff 4,457,511 sh (-52.54%)
» More
Q2 2017

FAST Guru Trades in Q2 2017

Joel Greenblatt 481,893 sh (New)
Ray Dalio 36,430 sh (New)
Paul Tudor Jones 32,724 sh (New)
Manning & Napier Advisors, Inc 80,412 sh (+434.65%)
Jim Simons 606,544 sh (+79.59%)
David Rolfe 3,473,842 sh (+50.68%)
Ron Baron 1,049,311 sh (+18.48%)
Mairs and Power 2,428,554 sh (+16.31%)
Steven Cohen 200,000 sh (unchged)
John Hussman 2,400 sh (unchged)
Diamond Hill Capital 518,788 sh (-2.96%)
Steven Cohen 382,700 sh (-49.23%)
Ruane Cunniff 12,924 sh (-99.71%)
» 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
Ron Baron 2017-06-30 Add 18.48%0.04%$42.1 - $51.76 $ 44.33-2%1,049,311
Joel Greenblatt 2017-06-30 New Buy0.29%$42.1 - $51.76 $ 44.33-2%481,893
Ruane Cunniff 2017-06-30 Reduce -99.71%2.16%$42.1 - $51.76 $ 44.33-2%12,924
Ruane Cunniff 2017-03-31 Reduce -52.54%2.18%$46.17 - $52.22 $ 44.33-12%4,457,511
Ron Baron 2017-03-31 Reduce -52.28%0.26%$46.17 - $52.22 $ 44.33-12%885,673
Ruane Cunniff 2016-12-31 Reduce -18.01%0.81%$38.16 - $49.17 $ 44.331%9,391,446
Ruane Cunniff 2016-12-31 Reduce -18.01%0.91%Premium Member Access $46.98 $ 44.33-6%9,391,446
Ron Baron 2016-12-31 Reduce -12.75%0.06%$38.16 - $49.17 $ 44.331%1,856,067
John Rogers 2016-12-31 Sold Out 0.02%$38.16 - $49.17 $ 44.331%0
Ruane Cunniff 2016-09-30 Reduce -5.34%0.27%$39.92 - $45.36 $ 44.334%11,455,058
Ron Baron 2016-09-30 Reduce -15.21%0.09%$39.92 - $45.36 $ 44.334%2,127,316
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Industrial Distribution » Industrial Distribution    NAICS: 238290    SIC: 5039
Compare:NYSE:GWW, NAS:HDS, NYSE:MSM, NYSE:AXE, NYSE:WCC, NYSE:AIT, NYSE:SITE, NYSE:BGC, NYSE:WAIR, NYSE:FBM, NAS:PKOH, NAS:DXPE, NYSE:HZN, NYSE:NL, NAS:TITN, NAS:LAWS, NAS:HBP, NAS:HWCC, OTCPK:GRWG, OTCPK:PHOT » details
Traded in other countries:FAST.Austria, FAS.Germany,
Headquarter Location:USA
Fastenal Co is an industrial supplies company. It distributes maintains, repairs, and operates supplies to industrial and construction customers. Its product portfolio includes OEM fasteners, safety products, tools and equipment.

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. In the subsequent years, Fastenal greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 2,500 stores and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 37% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.

Guru Investment Theses on Fastenal Co

David Rolfe Comments on Fastenal - Jan 16, 2017

Fastenal (NASDAQ:FAST) is a company we have followed and admired for many years. The Company is a distributor of manufacturing and construction supplies - generally consumable parts and products such as fasteners (i.e., screws, nuts/bolts) and various items used in the maintenance, repair, and operations (MRO) of customers’ plants. The company has established a differentiated position in its industry by investing heavily to get itself as close as possible to a generally smaller, less urban customer base than its competitors. This is most evident in its extensive network of more than 2,500 branch locations, which the company effectively uses as selling and distribution outposts to serve its customer base. We contrast this with Fastenal’s largest competitor, Grainger, for example, which has only 300-odd branch locations (and shrinking) despite having twice the revenues as Fastenal. We believe this has led to a fairly healthy segmentation between the Company and its competitors: Fastenal has specialized in smaller, geographically dispersed clients who are more heavily reliant on the Company’s local distribution capabilities, sales expertise, and somewhat more specialized, locally tailored product lines; Grainger and other competitors specialize in larger, more urban clients who have more distribution and service requirements, so these distributors generally focus on more standardized products, in large quantities at the lowest cost. When we observe the healthy, and remarkably steady, returns on investment across the major competitors in the space, we view this as confirmation that the major players, for the most part, have managed to carve out profitable segments of an attractive industry without tripping over each other.

Fastenal has extended its differentiation in recent years through three other initiatives designed to get closer to its customers. First, the Company has installed over 60,000 vending machines in customers’ plants, in which they constantly replenish products customers use regularly in their manufacturing processes. Second, the Company has accelerated the expansion of its Onsite program, in which it basically opens a small Fastenal store within a larger customer’s plant. Fastenal staffs and stocks this mini-location, effectively taking control of a portion of the customer’s supply chain. It is important to note that both the Vending and (especially) Onsite initiatives further integrate the Company into a customer’s operations, helping to make these customers stickier. Third, Fastenal has invested in additional inventories over the past several quarters, while also shifting a higher percentage of its inventory from its distribution centers into its branch locations. This once again is designed to get Fastenal as close to its customers as possible - if the Company has the products its customers need, already waiting in their market, available for same-day delivery, at an attractive price, there is no need for those customers to take their business elsewhere, whether that be to a larger, out-of-market competitor such as Grainger or to an online competitor such as Amazon.

We became increasingly interested in the stock around the middle of the year, as we saw Fastenal’s valuation begin to imply an accelerated decline in its end markets, particularly energy and manufacturing. However, our research from our energy holdings helped inform us on this score, as we see North American energy production approaching an inflection, which should help reinvigorate manufacturing-heavy energy service and support industries. We also noted that both presidential candidates were pitching large infrastructure spending projects which would be supplemented by a federal highway bill passed in 2015 - the first long-term bill in over ten years after a series of short-term stop-gaps that did not allow states to plan any large or long- term construction projects – and could begin to generate some demand in the near future as states begin to implement spending plans. That said, with the stock trading at or near post-recession lows on most valuation metrics, we did not believe we needed any of these potential catalysts to emerge in the near future, but we were happy to have the possibilities in front of us.

Overall, over a multiyear timeframe, we believe Fastenal should be able to continue to grow at an attractive pace for several years, particularly due to the Company’s continuous reinvestment and explicit focus on profitability. With the stock trading at valuation multiples similar to the last recession, and with key end markets already having been in recession for two years with signs of potential recovery emerging, we think Fastenal represents an excellent long-term investment opportunity for portfolios.

From David Rolfe (Trades, Portfolio)'s fourth quarter 2016 Wedgewood Partners investor letter.



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Baron Funds Comments on Fastenal Co. - Sep 19, 2016

Fastenal Co. (NASDAQ:FAST) is a leading distributor of nuts, bolts, and threaded fasteners to manufacturers and contractors throughout North America. Since expanding its inventory mix over the last decade, Fastenal has taken market share from competitors as customers increasingly select the company as their exclusive supplier. Still, Fastenal has just 3% share of the large and fragmented industrial supplies space, leaving considerable room for expansion. The company’s recent vending initiative has grown to 50,000 automated machines directly embedded within customer facilities. These machines dispense frequently consumed products such as gloves and safety glasses directly at the point of use, an industry innovation that has helped Fastenal generate greater savings and accountability for customers, while driving industry-leading sales growth for itself.



From Baron Funds' Second Quarter Insight: Finding Growth in Industrials.



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Baron Partners Fund Commentary on Fastenal Co. - May 09, 2016

Shares of Fastenal Co., (NASDAQ:FAST) a leading distributor of industrial supplies, rose during the first quarter after reporting improving sales trends to start the year. We view the sequential strengthening of sales as evidence of abating energy and F/X headwinds as well as share gains in manufacturing and construction end markets. Based on several growth initiatives, including Vending and On-Site programs, we believe Fastenal is poised to deliver outstanding customer service to its key accounts and generate accelerating earnings growth over the next two years. (Matt Weiss)



From Baron Partners Fund first quarter 2016 commentary.



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Baron Funds Comments on Fastenal Co. - Apr 26, 2016

Shares of Fastenal Co. (NASDAQ:FAST), a leading distributor of industrial supplies, rose after reporting improving sales trends to start the year. We view the sequential strengthening of the company’s sales as evidence of some abating headwinds its business, notably in its energy-related end-markets. In addition, Fastenal displayed encouraging sales traction, and evidence of ongoing market share gains, in its manufacturing and construction end-markets. Based on several of its internal growth initiatives, including the installation of vending machines at certain customers’ worksites and the placement of full-time Fastenal employees at other customers’ sites, we believe the company is poised to generate accelerating earnings growth during the next several years.



From Baron Asset Funds' first quarter 2016 commentary.



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Mairs & Power Comments on Fastenal - Feb 02, 2016

One of our portfolio companies, Fastenal (NASDAQ:FAST), will likely be an early indicator of improving conditions in the Industrial sector. Fastenal competes in the highly fragmented industrial distribution market, serving customers in manufacturing and non-residential construction industries. Because of weakness in manufacturing, the stock declined 14% in 2015. The company is not standing flat-footed, however. Fastenal continues to invest in its business in order to strengthen its durable competitive advantage, and we like that. With more than 2,600 stores (four times as many as the next largest competitor), the company enjoys broad market coverage as it takes share from smaller regional players. Fastenal’s product breadth, market penetration and in-house distribution capabilities provide both cost and pricing leverage, delivering above industry average margins. In addition, with more than 54,000 on-site industrial vending machines and plans to aggressively add to this network in 2016, Fastenal is able to grow incremental revenue while building “sticky” customer relationships. Earnings have grown 22% and the dividend 23% annually over the last five years. While not classically cheap, the stock is nevertheless very inexpensive relative to intrinsic value, providing an opportunity to add selectively to our position. When the sector begins to recover, we believe that Fastenal’s strength and our patience will reward investors.



From Mairs & Power's 4th quarter Growth Fund commentary.



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Top Ranked Articles about Fastenal Co

Fastenal Company Announces Cash Dividend
Hiding in Plain Sight Sometimes companies can mask their weaknesses fooling even the most wary
Camouflage is an incredibly interesting area of research. Most people think of it as a means to blend into the background making it harder to be seen. Read more...
Fastenal Company Announces Cash Dividend
Fastenal Company Announces Conference Call to Review 2017 First Quarter Earnings

WINONA, Minn., March 28, 2017 (GLOBE NEWSWIRE) -- Fastenal Company (NASDAQ:FAST) announced the date and time for its conference call to review 2017 first quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Wednesday, April 12, 2017 at 9:00 a.m. central time.
To access the call, please visit the following Web address: http://investor.fastenal.com/events.cfm Our conference call presentation (which includes information, supplemental to that contained in our earnings announcement, regarding results for the quarter) will be available at 6:00 a.m., central time, on the day of the conference call. To access the presentation, please visit the following Web address: http://investor.fastenal.com/releases.cfm  An online archive of the broadcast will be available within one hour of the conclusion of the call and will remain available until June 1, 2017. Participants must have a soundcard and speakers to listen to the online broadcast. Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies. Fastenal operates approximately 2,500 stores located primarily in North America with additional locations in Asia, Europe, Central and South America, and Africa. The Company operates 14 distribution centers in North America; eleven in the United States - Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, and Kansas, and three outside the United States - Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico. Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.  FAST-G
CONTACT:
Ellen Trester
Financial Reporting & Regulatory Compliance Manager
507.313.7282

Read more...
3 Reasons I Prefer Dividend Aristocrat W.W. Grainger to Dividend Achiever Fastenal See the investment prospects of W.W. Grainger compared to Fastenal
Published by Bob Ciura on March 17 Read more...
Ruane Cunniff Sells Berkshire and Praxair, Exits Walmart The guru's largest 4th-quarter deals
Ruane, Cunniff & Goldfarb Inc. was founded by William Ruane, and Ruane Cunniff (TradesPortfolio)'s current investment committee is directed by Richard Cunniff. He manages a portfolio composed of 92 stocks with a total value of $10.642 billion. During the fourth quarter the guru sold shares in the following stocks: Read more...
Fastenal to Acquire Regional Distributor

WINONA, Minn., March 03, 2017 (GLOBE NEWSWIRE) -- Fastenal Company (NASDAQ:FAST) announced today it has signed an agreement to acquire certain assets of industrial and fastener supply distributor Manufacturer’s Supply Company (Mansco).  The company is headquartered in Hudsonville, Michigan and has additional facilities in Madison, Alabama and McAllen, Texas.  The agreement includes several conditions to close, and we expect to close by the end of March. 
"From our first discussions, we were impressed with the Mansco team,” said Dan Florness, President and CEO of Fastenal.  “It has built a successful business in a challenging fastener distribution market through a focus on customers and a ‘can-do’ approach. This speaks to the company’s ability to execute and illustrates how well Mansco will fit with our own “growth through customer service” culture.  We look forward to welcoming Mansco to the Fastenal family.  Our complimentary capabilities make both businesses stronger.” "I am extremely pleased about the opportunity for the business and our employees to move forward with Fastenal," added Jim Mol, President and owner of Mansco.  “Fastenal brings an enormous supply capability and cost saving technologies to our customers.  This combination will help us grow and better serve our customers, while maintaining the excellent quality and service our customers have come to expect." Mol has operated the business for the past twenty-five years.  The company focuses on fastener products, with a particularly strong market position with commercial furniture OEMs.  As such, this acquisition gives Fastenal a presence in a market where it has not meaningfully contributed in the past, while providing Mansco with additional tools with which to service its customer base. Mansco generated approximately $50 million of revenue in 2016, largely from its flagship Michigan location although recent successes with its customers are generating more sales related to its two other facilities.  The company is profitable and the transaction should be accretive in the first twelve months, though it should not be material to earnings per share. Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies. Fastenal operates approximately 2,500 stores located primarily in North America with additional locations in Asia, Europe, Central and South America, and Africa. The Company operates 14 distribution centers in North America; eleven in the United States - Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, and Kansas, and three outside the United States - Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico. This press release contains statements regarding Fastenal's expectations about the strategic fit and expected revenues of Mansco and the anticipated closing of the transaction that are not historical in nature and are intended to be, and are hereby identified as, 'forward looking statements' as defined by the Private Securities Litigation Reform Act of 1995. Factors that could cause our actual results to differ from those discussed in the forward-looking statements include, but are not limited to, the failure of certain conditions to closing to be satisfied, economic downturns, weakness in the industry, and changes in customer needs. A discussion of other risks and uncertainties is included in Fastenal's filings with the SEC, including our most recent annual and quarterly reports. Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com. FAST-G
CONTACT:
Holden Lewis
EVP and CFO
507.453.8220

Read more...
David Rolfe Invests in Tractor Supply, Fastenal Guru investor sold Stericycle in 4th quarter
Wedgewood Partners’ David Rolfe (Trades, Portfolio) gained two new holdings and divested another in the final quarter of 2016. He established positions in Tractor Supply Co. (NASDAQ:TSCO) and Fastenal Co. (NASDAQ:FAST). He sold out of Stericycle Inc. (NASDAQ:SRCL). Read more...
Manning & Napier Purchases Shares of Fastenal Company has 5-star predictability with strong financial statements over the previous 10 years
Manning & Napier Advisors Inc., an investment firm headquartered in New York that was founded in April 1970, purchased 15,040 shares of Fastenal Co. (NASDAQ:FAST) for an average price of $43.88 per share. Read more...
David Rolfe Comments on Fastenal Guru stock highlight
Fastenal (NASDAQ:FAST) is a company we have followed and admired for many years. The Company is a distributor of manufacturing and construction supplies - generally consumable parts and products such as fasteners (i.e., screws, nuts/bolts) and various items used in the maintenance, repair, and operations (MRO) of customers’ plants. The company has established a differentiated position in its industry by investing heavily to get itself as close as possible to a generally smaller, less urban customer base than its competitors. This is most evident in its extensive network of more than 2,500 branch locations, which the company effectively uses as selling and distribution outposts to serve its customer base. We contrast this with Fastenal’s largest competitor, Grainger, for example, which has only 300-odd branch locations (and shrinking) despite having twice the revenues as Fastenal. We believe this has led to a fairly healthy segmentation between the Company and its competitors: Fastenal has specialized in smaller, geographically dispersed clients who are more heavily reliant on the Company’s local distribution capabilities, sales Read more...

Ratios

vs
industry
vs
history
PE Ratio 24.22
FAST's PE Ratio is ranked lower than
74% of the 145 Companies
in the Global Industrial Distribution industry.

( Industry Median: 17.04 vs. FAST: 24.22 )
Ranked among companies with meaningful PE Ratio only.
FAST' s PE Ratio Range Over the Past 10 Years
Min: 15.07  Med: 29.22 Max: 43.57
Current: 24.22
15.07
43.57
Forward PE Ratio 20.58
FAST's Forward PE Ratio is ranked lower than
88% of the 25 Companies
in the Global Industrial Distribution industry.

( Industry Median: 14.90 vs. FAST: 20.58 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 24.22
FAST's PE Ratio without NRI is ranked lower than
72% of the 145 Companies
in the Global Industrial Distribution industry.

( Industry Median: 17.40 vs. FAST: 24.22 )
Ranked among companies with meaningful PE Ratio without NRI only.
FAST' s PE Ratio without NRI Range Over the Past 10 Years
Min: 14.82  Med: 29.16 Max: 43.23
Current: 24.22
14.82
43.23
Price-to-Owner-Earnings 32.61
FAST's Price-to-Owner-Earnings is ranked lower than
76% of the 109 Companies
in the Global Industrial Distribution industry.

( Industry Median: 18.28 vs. FAST: 32.61 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
FAST' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 19.15  Med: 42.37 Max: 126.42
Current: 32.61
19.15
126.42
PB Ratio 6.36
FAST's PB Ratio is ranked lower than
95% of the 186 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.19 vs. FAST: 6.36 )
Ranked among companies with meaningful PB Ratio only.
FAST' s PB Ratio Range Over the Past 10 Years
Min: 3.44  Med: 6.84 Max: 10.52
Current: 6.36
3.44
10.52
PS Ratio 3.09
FAST's PS Ratio is ranked lower than
91% of the 191 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.52 vs. FAST: 3.09 )
Ranked among companies with meaningful PS Ratio only.
FAST' s PS Ratio Range Over the Past 10 Years
Min: 1.73  Med: 3.49 Max: 5.56
Current: 3.09
1.73
5.56
Price-to-Free-Cash-Flow 32.21
FAST's Price-to-Free-Cash-Flow is ranked lower than
75% of the 69 Companies
in the Global Industrial Distribution industry.

( Industry Median: 18.45 vs. FAST: 32.21 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FAST' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 18.12  Med: 47.91 Max: 284.93
Current: 32.21
18.12
284.93
Price-to-Operating-Cash-Flow 23.02
FAST's Price-to-Operating-Cash-Flow is ranked lower than
77% of the 81 Companies
in the Global Industrial Distribution industry.

( Industry Median: 13.09 vs. FAST: 23.02 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FAST' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 14.69  Med: 31.27 Max: 58.92
Current: 23.02
14.69
58.92
EV-to-EBIT 15.59
FAST's EV-to-EBIT is ranked lower than
61% of the 157 Companies
in the Global Industrial Distribution industry.

( Industry Median: 12.53 vs. FAST: 15.59 )
Ranked among companies with meaningful EV-to-EBIT only.
FAST' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.1  Med: 18.15 Max: 26.5
Current: 15.59
9.1
26.5
EV-to-EBITDA 13.64
FAST's EV-to-EBITDA is ranked lower than
61% of the 165 Companies
in the Global Industrial Distribution industry.

( Industry Median: 11.28 vs. FAST: 13.64 )
Ranked among companies with meaningful EV-to-EBITDA only.
FAST' s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.3  Med: 16.5 Max: 24.6
Current: 13.64
8.3
24.6
EV-to-Revenue 3.16
FAST's EV-to-Revenue is ranked lower than
88% of the 189 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.72 vs. FAST: 3.16 )
Ranked among companies with meaningful EV-to-Revenue only.
FAST' s EV-to-Revenue Range Over the Past 10 Years
Min: 1.7  Med: 3.5 Max: 5.5
Current: 3.16
1.7
5.5
PEG Ratio 2.89
FAST's PEG Ratio is ranked lower than
66% of the 79 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.59 vs. FAST: 2.89 )
Ranked among companies with meaningful PEG Ratio only.
FAST' s PEG Ratio Range Over the Past 10 Years
Min: 0.65  Med: 1.96 Max: 6.11
Current: 2.89
0.65
6.11
Shiller PE Ratio 31.51
FAST's Shiller PE Ratio is ranked lower than
66% of the 56 Companies
in the Global Industrial Distribution industry.

( Industry Median: 23.27 vs. FAST: 31.51 )
Ranked among companies with meaningful Shiller PE Ratio only.
FAST' s Shiller PE Ratio Range Over the Past 10 Years
Min: 25.86  Med: 46.34 Max: 73.2
Current: 31.51
25.86
73.2
Current Ratio 5.47
FAST's Current Ratio is ranked higher than
89% of the 194 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.81 vs. FAST: 5.47 )
Ranked among companies with meaningful Current Ratio only.
FAST' s Current Ratio Range Over the Past 10 Years
Min: 3.06  Med: 5.63 Max: 8.42
Current: 5.47
3.06
8.42
Quick Ratio 2.42
FAST's Quick Ratio is ranked higher than
77% of the 194 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.21 vs. FAST: 2.42 )
Ranked among companies with meaningful Quick Ratio only.
FAST' s Quick Ratio Range Over the Past 10 Years
Min: 1.5  Med: 2.76 Max: 4.65
Current: 2.42
1.5
4.65
Days Inventory 175.19
FAST's Days Inventory is ranked lower than
86% of the 185 Companies
in the Global Industrial Distribution industry.

( Industry Median: 71.72 vs. FAST: 175.19 )
Ranked among companies with meaningful Days Inventory only.
FAST' s Days Inventory Range Over the Past 10 Years
Min: 163.58  Med: 171.59 Max: 206.74
Current: 175.19
163.58
206.74
Days Sales Outstanding 54.22
FAST's Days Sales Outstanding is ranked higher than
54% of the 138 Companies
in the Global Industrial Distribution industry.

( Industry Median: 53.50 vs. FAST: 54.22 )
Ranked among companies with meaningful Days Sales Outstanding only.
FAST' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.2  Med: 43.82 Max: 54.22
Current: 54.22
38.2
54.22
Days Payable 24.75
FAST's Days Payable is ranked lower than
77% of the 127 Companies
in the Global Industrial Distribution industry.

( Industry Median: 44.82 vs. FAST: 24.75 )
Ranked among companies with meaningful Days Payable only.
FAST' s Days Payable Range Over the Past 10 Years
Min: 18.75  Med: 20.42 Max: 24.75
Current: 24.75
18.75
24.75

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.86
FAST's Dividend Yield % is ranked higher than
77% of the 176 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.00 vs. FAST: 2.86 )
Ranked among companies with meaningful Dividend Yield % only.
FAST' s Dividend Yield % Range Over the Past 10 Years
Min: 0.86  Med: 1.6 Max: 3.08
Current: 2.86
0.86
3.08
Dividend Payout Ratio 0.68
FAST's Dividend Payout Ratio is ranked lower than
89% of the 117 Companies
in the Global Industrial Distribution industry.

( Industry Median: 0.36 vs. FAST: 0.68 )
Ranked among companies with meaningful Dividend Payout Ratio only.
FAST' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.28  Med: 0.53 Max: 0.69
Current: 0.68
0.28
0.69
3-Year Dividend Growth Rate 14.50
FAST's 3-Year Dividend Growth Rate is ranked higher than
72% of the 108 Companies
in the Global Industrial Distribution industry.

( Industry Median: 6.90 vs. FAST: 14.50 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
FAST' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 18.8 Max: 128.5
Current: 14.5
0
128.5
Forward Dividend Yield % 2.89
FAST's Forward Dividend Yield % is ranked higher than
69% of the 169 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.48 vs. FAST: 2.89 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.46
FAST's 5-Year Yield-on-Cost % is ranked higher than
78% of the 233 Companies
in the Global Industrial Distribution industry.

( Industry Median: 3.23 vs. FAST: 5.46 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
FAST' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.64  Med: 3.05 Max: 5.88
Current: 5.46
1.64
5.88
3-Year Average Share Buyback Ratio 0.90
FAST's 3-Year Average Share Buyback Ratio is ranked higher than
83% of the 106 Companies
in the Global Industrial Distribution industry.

( Industry Median: -0.90 vs. FAST: 0.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FAST' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -0.2  Med: 0 Max: 0.9
Current: 0.9
-0.2
0.9

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 12.63
FAST's Price-to-Net-Current-Asset-Value is ranked lower than
84% of the 133 Companies
in the Global Industrial Distribution industry.

( Industry Median: 2.79 vs. FAST: 12.63 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
FAST' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.71  Med: 11.34 Max: 25.79
Current: 12.63
5.71
25.79
Price-to-Tangible-Book 6.40
FAST's Price-to-Tangible-Book is ranked lower than
88% of the 176 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.21 vs. FAST: 6.40 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
FAST' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.04  Med: 6.99 Max: 17.03
Current: 6.4
4.04
17.03
Price-to-Intrinsic-Value-Projected-FCF 2.46
FAST's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
77% of the 120 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.20 vs. FAST: 2.46 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
FAST' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 2.06  Med: 5.33 Max: 28.14
Current: 2.46
2.06
28.14
Price-to-Intrinsic-Value-DCF (Earnings Based) 1.49
FAST's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
57% of the 14 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.50 vs. FAST: 1.49 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
FAST' s Price-to-Intrinsic-Value-DCF (Earnings Based) Range Over the Past 10 Years
Min: 0.65  Med: 1.29 Max: 1.8
Current: 1.49
0.65
1.8
Price-to-Median-PS-Value 0.89
FAST's Price-to-Median-PS-Value is ranked higher than
77% of the 179 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.12 vs. FAST: 0.89 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FAST' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.56  Med: 1.03 Max: 2.07
Current: 0.89
0.56
2.07
Price-to-Peter-Lynch-Fair-Value 3.42
FAST's Price-to-Peter-Lynch-Fair-Value is ranked lower than
85% of the 46 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.37 vs. FAST: 3.42 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
FAST' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.74  Med: 1.89 Max: 7.32
Current: 3.42
0.74
7.32
Price-to-Graham-Number 2.64
FAST's Price-to-Graham-Number is ranked lower than
85% of the 136 Companies
in the Global Industrial Distribution industry.

( Industry Median: 1.02 vs. FAST: 2.64 )
Ranked among companies with meaningful Price-to-Graham-Number only.
FAST' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.84  Med: 3.09 Max: 7.04
Current: 2.64
1.84
7.04
Earnings Yield (Greenblatt) % 6.43
FAST's Earnings Yield (Greenblatt) % is ranked higher than
52% of the 196 Companies
in the Global Industrial Distribution industry.

( Industry Median: 5.60 vs. FAST: 6.43 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FAST' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 3.8  Med: 5.5 Max: 11
Current: 6.43
3.8
11
Forward Rate of Return (Yacktman) % 9.52
FAST's Forward Rate of Return (Yacktman) % is ranked higher than
67% of the 133 Companies
in the Global Industrial Distribution industry.

( Industry Median: 4.07 vs. FAST: 9.52 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
FAST' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 7.3  Med: 16.1 Max: 28.9
Current: 9.52
7.3
28.9

More Statistics

Revenue (TTM) (Mil) $4,130.27
EPS (TTM) $ 1.82
Beta0.74
Short Percentage of Float10.77%
52-Week Range $37.70 - 52.74
Shares Outstanding (Mil)287.98

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 4,296 4,732
EPS ($) 1.92 2.14
EPS without NRI ($) 1.92 2.14
EPS Growth Rate
(Future 3Y To 5Y Estimate)
11.84%
Dividends per Share ($) 1.30 1.43

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