Fastenal Co

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FAST : NASDAQ : Services
$41.92 -0.20 | -0.47%
Today's Range: 41.86 - 42.19
Avg. Daily Volume: 2,771,000
07/25/16 - 4:00 PM ET

Financial Analysis

FASTENAL CO's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. FASTENAL CO has strong liquidity. Currently, the Quick Ratio is 1.68 which shows the ability to cover short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.

During the same period, stockholders' equity ("net worth") has increased by 5.90% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)1014.29997.83
EBITDA ($mil)233.76245.46
EBIT ($mil)208.97225.44
Net Income ($mil)131.52140.36

Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)155.46121.17
Total Assets ($mil)2699.142480.93
Total Debt ($mil)430.0330.0
Equity ($mil)1868.161763.98

Profitability Q2 FY16 Q2 FY15
Gross Profit Margin51.952.32
EBITDA Margin23.0424.59
Operating Margin20.622.59
Sales Turnover1.451.56
Return on Assets18.7520.94
Return on Equity27.0929.45
Debt Q2 FY16 Q2 FY15
Current Ratio4.364.19
Interest Expense1.480.8
Interest Coverage140.82282.86

Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)288.95290.15
Div / share0.30.28
Book value / share6.476.08
Institutional Own % n/a n/a
Avg Daily Volume2758960.03209375.0


BUY. FASTENAL CO's P/E ratio indicates a discount compared to an average of 26.10 for the Trading Companies & Distributors industry and a value on par with the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 6.47 indicates a significant premium versus the S&P 500 average of 2.81 and a significant premium versus the industry average of 4.09. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FAST 23.91 Peers 26.10   FAST 22.65 Peers 15.64

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

FAST is trading at a valuation on par with its peers.


Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

FAST is trading at a significant premium to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
FAST 22.62 Peers 18.56   FAST NM Peers 1.16

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

FAST is trading at a significant premium to its peers.


Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

FAST's negative PEG ratio makes this valuation measure meaningless.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FAST 6.47 Peers 4.09   FAST -0.57 Peers 4.95

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

FAST is trading at a significant premium to its peers.


Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, FAST is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FAST 3.08 Peers 1.44   FAST 1.57 Peers 2.98

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

FAST is trading at a significant premium to its industry.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

FAST significantly trails its peers on the basis of sales growth



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