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 54,072 - -
Change - -26.44% 36.6% 11.27% 11.83% 17.37% - -
Enterprise Value (EV) 1 36,999 27,428 37,061 41,140 45,919 53,952 53,940 53,759
Change - -25.87% 35.12% 11.01% 11.61% 17.49% -0.02% -0.34%
P/E 40x 25x 32.1x 36x 36.8x 38.1x 34.5x 31.9x
PBR 12.1x 8.61x 11.1x 11.4x 11.7x 12.9x 11.9x 10.9x
PEG - 1.4x 4.67x -36.36x 4.09x 2.8x 3.3x 3.9x
Capitalization / Revenue 6.13x 3.88x 5.04x 5.46x 5.62x 5.93x 5.45x 5.06x
EV / Revenue 6.16x 3.93x 5.04x 5.45x 5.6x 5.91x 5.43x 5.03x
EV / EBITDA 26.7x 16.8x 21.7x 24.4x 25x 26.1x 23.8x 21.5x
EV / EBIT 30.4x 18.9x 24.2x 27.2x 27.7x 28.7x 26.1x 24x
EV / FCF 60.3x 35.8x 29.4x 43.5x 43.7x 47.7x 44.3x 41.3x
FCF Yield 1.66% 2.8% 3.4% 2.3% 2.29% 2.1% 2.26% 2.42%
Dividend per Share 2 0.56 0.62 0.7 0.78 - 0.9296 0.9976 1.049
Rate of return 1.75% 2.62% 2.16% 2.17% - 1.97% 2.12% 2.23%
EPS 2 0.8 0.945 1.01 1 1.09 1.237 1.366 1.478
Distribution rate 70% 65.6% 69.3% 78% - 75.1% 73% 71%
Net sales 1 6,011 6,981 7,347 7,546 8,200 9,125 9,925 10,686
EBITDA 1 1,388 1,630 1,706 1,685 1,835 2,069 2,268 2,500
EBIT 1 1,217 1,454 1,529 1,510 1,656 1,877 2,066 2,243
Net income 1 925 1,087 1,155 1,151 1,258 1,421 1,562 1,690
Net Debt 1 153.8 324.9 38.7 -55.8 -151.8 -120.9 -132.6 -313.6
Reference price 2 32.03 23.66 32.38 35.96 40.13 47.10 47.10 47.10
Nbr of stocks (in thousands) 1,150,327 1,145,520 1,143,200 1,145,773 1,148,036 1,148,035 - -
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.($)
29.72x3.37x19.57x0.71% 63.91B
34.68x5.47x20.36x0.92% 12.57B
31.48x2.51x20.36x0.57% 12.46B
18.07x1.4x11.3x-.--% 9.2B
28.13x1.8x15.73x2.96% 6.6B
15.75x1.04x9.15x4.01% 3.67B
26.18x - - - 2.53B
162.61x0.54x12.18x - 2.47B
30.63x3.13x17.95x1.15% 2.47B
Average 41.92x 2.41x 15.83x 1.47% 12.88B
Weighted average by Cap. 31.77x 3.11x 18.32x 0.91%

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