Fastenal Co

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FAST : NASDAQ : Services
$51.27 up 0.03 | 0.059%
Today's Range: 50.72 - 51.44
Avg. Daily Volume: 2691000.0
01/23/17 - 10:04 AM ET

Financial Analysis


FASTENAL CO's gross profit margin for the fourth quarter of its fiscal year 2016 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 is extremely liquid. Currently, the Quick Ratio is 2.22 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 7.31% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)947.95922.79
EBITDA ($mil)211.45204.09
EBIT ($mil)182.27178.39
Net Income ($mil)114.81111.9


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)112.74129.02
Total Assets ($mil)2668.882532.46
Total Debt ($mil)390.0365.0
Equity ($mil)1933.091801.29


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin52.8652.7
EBITDA Margin22.322.11
Operating Margin19.2319.33
Sales Turnover1.481.53
Return on Assets18.7120.38
Return on Equity25.8328.66
Debt Q4 FY16 Q4 FY15
Current Ratio6.244.46
Debt/Capital0.170.17
Interest Expense1.81.01
Interest Coverage101.15176.28


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)289.16289.58
Div / share0.30.28
EPS0.40.39
Book value / share6.696.22
Institutional Own % n/a n/a
Avg Daily Volume2673390.02392108.0

Valuation


BUY. FASTENAL CO's P/E ratio indicates a premium compared to an average of 24.70 for the Trading Companies & Distributors industry and a premium compared to the S&P 500 average of 25.41. For additional comparison, its price-to-book ratio of 7.56 indicates a significant premium versus the S&P 500 average of 2.83 and a significant premium versus the industry average of 4.76. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, FASTENAL CO proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FAST 29.22 Peers 24.70   FAST 28.44 Peers 18.22

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

FAST is trading at a premium to 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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
FAST 28.16 Peers 48.66   FAST NA Peers 2.78

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

Ratio not available.

 

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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FAST 7.56 Peers 4.76   FAST -2.26 Peers 22.32

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FAST 3.69 Peers 1.63   FAST 2.39 Peers 5.34

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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