Company Valuation: Fastenal Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 36,845 27,103 37,023 41,196 46,071 53,542 - -
Change - -26.44% 36.6% 11.27% 11.83% 16.22% - -
Enterprise Value (EV) 1 36,999 27,428 37,061 41,140 45,919 53,428 53,344 53,267
Change - -25.87% 35.12% 11.01% 11.61% 16.35% -0.16% -0.14%
P/E 40x 25x 32.1x 36x 36.8x 37.1x 33.6x 30.7x
PBR 12.1x 8.61x 11.1x 11.4x 11.7x 12.6x 11.7x 10.7x
PEG - 1.4x 4.67x -36.36x 4.09x 2.4x 3.2x 3.23x
Capitalization / Revenue 6.13x 3.88x 5.04x 5.46x 5.62x 5.78x 5.3x 4.89x
EV / Revenue 6.16x 3.93x 5.04x 5.45x 5.6x 5.77x 5.28x 4.87x
EV / EBITDA 26.7x 16.8x 21.7x 24.4x 25x 25.5x 23.1x 20.9x
EV / EBIT 30.4x 18.9x 24.2x 27.2x 27.7x 28.1x 25.3x 23.1x
EV / FCF 60.3x 35.8x 29.4x 43.5x 43.7x 47.4x 41.9x 39.8x
FCF Yield 1.66% 2.8% 3.4% 2.3% 2.29% 2.11% 2.39% 2.51%
Dividend per Share 2 0.56 0.62 0.7 0.78 0.875 0.9697 1.057 1.139
Rate of return 1.75% 2.62% 2.16% 2.17% 2.18% 2.08% 2.26% 2.44%
EPS 2 0.8 0.945 1.01 1 1.09 1.257 1.39 1.522
Distribution rate 70% 65.6% 69.3% 78% 80.3% 77.1% 76% 74.8%
Net sales 1 6,011 6,981 7,347 7,546 8,200 9,263 10,110 10,939
EBITDA 1 1,388 1,630 1,706 1,685 1,835 2,097 2,313 2,546
EBIT 1 1,217 1,454 1,529 1,510 1,656 1,904 2,108 2,305
Net income 1 925 1,087 1,155 1,151 1,258 1,445 1,593 1,741
Net Debt 1 153.8 324.9 38.7 -55.8 -151.8 -114.4 -198.7 -275.2
Reference price 2 32.03 23.66 32.38 35.96 40.13 46.66 46.66 46.66
Nbr of stocks (in thousands) 1,150,327 1,145,520 1,143,200 1,145,773 1,148,036 1,147,498 - -
Announcement Date 1/19/22 1/19/23 1/18/24 1/17/25 1/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.11x5.77x25.48x2.08% 53.54B
29.83x3.37x19.59x0.71% 64B
33.91x5.61x20.17x0.89% 13.21B
31.74x2.53x20.53x0.57% 12.56B
16.01x1.27x10.21x-.--% 8.15B
27.05x1.79x15.15x2.88% 6.78B
18.3x1.19x10.39x3.43% 4.34B
31.67x3.26x18.71x1.11% 2.68B
196.29x0.55x12.3x - 2.51B
24.8x - - - 2.4B
Average 44.67x 2.81x 16.95x 1.46% 17.02B
Weighted average by Cap. 33.92x 3.98x 20.59x 1.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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