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Fastenal Company is an industrial distribution business based in the US. Fastenal Company shares (FAST) are listed on the NASDAQ and all prices are listed in US Dollars. Fastenal Company employs 17,836 staff and has a trailing 12-month revenue of around USD$5.6 billion.
|52-week range||USD$25.8688 - USD$51.577|
|50-day moving average||USD$48.1038|
|200-day moving average||USD$47.177|
|Wall St. target price||USD$51|
|Dividend yield||USD$1 (2.16%)|
|Earnings per share (TTM)||USD$1.49|
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Valuing Fastenal Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fastenal Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Fastenal Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Fastenal Company shares trade at around 31x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Fastenal Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.8937. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Fastenal Company's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Fastenal Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.3 billion.
The EBITDA is a measure of a Fastenal Company's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$5.6 billion|
|Operating margin TTM||20.19%|
|Gross profit TTM||USD$2.6 billion|
|Return on assets TTM||18.36%|
|Return on equity TTM||31.83%|
|Market capitalisation||USD$26.9 billion|
TTM: trailing 12 months
There are currently 12.3 million Fastenal Company shares held short by investors – that's known as Fastenal Company's "short interest". This figure is 9.6% down from 13.6 million last month.
There are a few different ways that this level of interest in shorting Fastenal Company shares can be evaluated.
Fastenal Company's "short interest ratio" (SIR) is the quantity of Fastenal Company shares currently shorted divided by the average quantity of Fastenal Company shares traded daily (recently around 3.3 million). Fastenal Company's SIR currently stands at 3.69. In other words for every 100,000 Fastenal Company shares traded daily on the market, roughly 3690 shares are currently held short.
However Fastenal Company's short interest can also be evaluated against the total number of Fastenal Company shares, or, against the total number of tradable Fastenal Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Fastenal Company's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Fastenal Company shares in existence, roughly 20 shares are currently held short) or 0.0245% of the tradable shares (for every 100,000 tradable Fastenal Company shares, roughly 25 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Fastenal Company.
Find out more about how you can short Fastenal Company stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fastenal Company.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 28.05
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fastenal Company's overall score of 28.05 (as at 01/01/2019) is pretty good – landing it in it in the 37th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Fastenal Company is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 11.67/100
Fastenal Company's environmental score of 11.67 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Fastenal Company is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 12.76/100
Fastenal Company's social score of 12.76 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Fastenal Company is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 14.13/100
Fastenal Company's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Fastenal Company is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Fastenal Company scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Fastenal Company has, for the most part, managed to keep its nose clean.
|Total ESG score||28.05|
|Total ESG percentile||37.06|
|Environmental score percentile||8|
|Social score percentile||8|
|Governance score percentile||8|
|Level of controversy||2|
Dividend payout ratio: 79.19% of net profits
Recently Fastenal Company has paid out, on average, around 79.19% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.42% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Fastenal Company shareholders could enjoy a 2.42% return on their shares, in the form of dividend payments. In Fastenal Company's case, that would currently equate to about $1 per share.
Fastenal Company's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Fastenal Company's most recent dividend payout was on 3 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 2 February 2021 (the "ex-dividend date").
Fastenal Company's shares were split on a 2:1 basis on 23 May 2019. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Fastenal Company shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Fastenal Company shares which in turn could have impacted Fastenal Company's share price.
Over the last 12 months, Fastenal Company's shares have ranged in value from as little as $25.8688 up to $51.577. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Fastenal Company's is 1.2535. This would suggest that Fastenal Company's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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 3,268 in-market locations and 16 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
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