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Fastenal Co (STU:FAS) Cyclically Adjusted Price-to-FCF : 51.29 (As of Jun. 23, 2024)


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What is Fastenal Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Fastenal Co's current share price is €61.03. Fastenal Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.19. Fastenal Co's Cyclically Adjusted Price-to-FCF for today is 51.29.

The historical rank and industry rank for Fastenal Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:FAS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 44.22   Med: 57.38   Max: 100.48
Current: 51.09

During the past years, Fastenal Co's highest Cyclically Adjusted Price-to-FCF was 100.48. The lowest was 44.22. And the median was 57.38.

STU:FAS's Cyclically Adjusted Price-to-FCF is ranked worse than
78.05% of 82 companies
in the Industrial Distribution industry
Industry Median: 24.345 vs STU:FAS: 51.09

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Fastenal Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.456. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fastenal Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fastenal Co's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fastenal Co Cyclically Adjusted Price-to-FCF Chart

Fastenal Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.81 64.65 72.24 46.28 52.60

Fastenal Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.99 52.20 45.96 52.60 60.32

Competitive Comparison of Fastenal Co's Cyclically Adjusted Price-to-FCF

For the Industrial Distribution subindustry, Fastenal Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fastenal Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fastenal Co's Cyclically Adjusted Price-to-FCF falls into.



Fastenal Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Fastenal Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=61.03/1.19
=51.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fastenal Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fastenal Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.456/131.7762*131.7762
=0.456

Current CPI (Mar. 2024) = 131.7762.

Fastenal Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.018 100.560 0.024
201409 0.084 100.428 0.110
201412 0.165 99.070 0.219
201503 0.213 99.621 0.282
201506 0.056 100.684 0.073
201509 0.168 100.392 0.221
201512 0.178 99.792 0.235
201603 0.212 100.470 0.278
201606 0.043 101.688 0.056
201609 0.093 101.861 0.120
201612 0.173 101.863 0.224
201703 0.306 102.862 0.392
201706 0.072 103.349 0.092
201709 0.200 104.136 0.253
201712 0.135 104.011 0.171
201803 0.181 105.290 0.227
201806 0.183 106.317 0.227
201809 0.221 106.507 0.273
201812 0.152 105.998 0.189
201903 0.232 107.251 0.285
201906 0.091 108.070 0.111
201909 0.310 108.329 0.377
201912 0.298 108.420 0.362
202003 0.303 108.902 0.367
202006 0.324 108.767 0.393
202009 0.377 109.815 0.452
202012 0.394 109.897 0.472
202103 0.353 111.754 0.416
202106 0.197 114.631 0.226
202109 0.177 115.734 0.202
202112 0.175 117.630 0.196
202203 0.306 121.301 0.332
202206 0.170 125.017 0.179
202209 0.369 125.227 0.388
202212 0.427 125.222 0.449
202303 0.579 127.348 0.599
202306 0.397 128.729 0.406
202309 0.558 129.860 0.566
202312 0.508 129.419 0.517
202403 0.456 131.776 0.456

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Fastenal Co  (STU:FAS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Fastenal Co Cyclically Adjusted Price-to-FCF Related Terms

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Fastenal Co (STU:FAS) Business Description

Industry
Address
2001 Theurer Boulevard, Winona, MN, USA, 55987-1500
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.