Fastenal Co.
FAST
Market Cap$38.65B
Close$
Earnings Call Q4 2023
January 18, 2024 - AI Summary
Fastenal reported a 3.7% increase in daily sales for Q4 2023, with December sales up 5.3%, driven by strong performance in the warehousing end market.
The company experienced sluggish demand in other end markets, such as manufacturing and fasteners, which were impacted by sub-50 PMI readings and soft industrial production.
Gross margin improved by 20 basis points to 45.5% due to slightly higher fastener product margins and freight margins, offsetting negative impacts from product and customer mix.
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$38.46
43% downside
Current Fair Value
43% downsideOvervalued by 43% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $38.65 Billion |
|---|---|
| Enterprise Value | $38.61 Billion |
| Dividend Yield | $1.4093 (2.09%) |
| Earnings per Share | $2.02 |
| Beta | 0.76 |
| Outstanding Shares | 572,547,449 |
| Avg 30 Day Volume | 4,057,943 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 33.39 |
|---|---|
| PEG | 3789.24 |
| Price to Sales | 5.63 |
| Price to Book Ratio | 13.5 |
| Enterprise Value to Revenue | 5.23 |
| Enterprise Value to EBIT | 25.31 |
| Enterprise Value to Net Income | 33 |
| Total Debt to Enterprise | 0.01 |
| Debt to Equity | 0.06 |
Revenue Sources
No data
ESG Score
No data
About Fastenal Co.
CEO: Daniel Florness