Fastenal Co

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FAST : NASDAQ : Services
$42.45 up 0.34 | 0.81%
Today's Range: 42.31 - 42.69
Avg. Daily Volume: 3302300.0
06/28/17 - 4:00 PM ET

Financial Analysis


FASTENAL CO's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. FASTENAL CO has strong liquidity. Currently, the Quick Ratio is 1.92 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 8.77% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)1047.7986.68
EBITDA ($mil)242.8224.7
EBIT ($mil)212.1201.28
Net Income ($mil)134.2126.23


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)134.3150.55
Total Assets ($mil)2786.42642.78
Total Debt ($mil)365.0370.0
Equity ($mil)1981.71821.88


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin52.3752.18
EBITDA Margin23.1722.77
Operating Margin20.2420.4
Sales Turnover1.441.48
Return on Assets18.2119.48
Return on Equity25.628.26
Debt Q1 FY17 Q1 FY16
Current Ratio4.94.4
Debt/Capital0.160.17
Interest Expense1.71.38
Interest Coverage124.76145.54


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)289.26288.87
Div / share0.320.3
EPS0.460.44
Book value / share6.856.31
Institutional Own % n/a n/a
Avg Daily Volume3186279.02231367.0

Valuation


BUY. FASTENAL CO's P/E ratio indicates a discount compared to an average of 29.54 for the Trading Companies & Distributors industry and a value on par with the S&P 500 average of 25.75. For additional comparison, its price-to-book ratio of 6.25 indicates a significant premium versus the S&P 500 average of 3.09 and a significant premium versus the industry average of 4.01. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FAST 24.45 Peers 29.54   FAST 21.99 Peers 20.56

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

FAST is trading at a discount to its peers.

 

Average. 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 valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
FAST 20.92 Peers 25.95   FAST 3.02 Peers 2.81

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

FAST is trading at a discount to its peers.

 

Average. 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 trades at a valuation on par to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FAST 6.25 Peers 4.01   FAST -1.69 Peers -13.53

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.

 

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

FAST is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FAST 3.08 Peers 1.49   FAST 3.08 Peers 5.58

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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