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 52,486 - -
Change - -26.44% 36.6% 11.27% 11.83% 13.93% - -
Enterprise Value (EV) 1 36,999 27,428 37,061 41,140 45,919 52,364 52,335 52,183
Change - -25.87% 35.12% 11.01% 11.61% 14.04% -0.06% -0.29%
P/E 40x 25x 32.1x 36x 36.8x 36.7x 33.1x 30.2x
PBR 12.1x 8.61x 11.1x 11.4x 11.7x 12.5x 11.5x 10.6x
PEG - 1.4x 4.67x -36.36x 4.09x 2.5x 3x 3.19x
Capitalization / Revenue 6.13x 3.88x 5.04x 5.46x 5.62x 5.68x 5.22x 4.82x
EV / Revenue 6.16x 3.93x 5.04x 5.45x 5.6x 5.67x 5.2x 4.8x
EV / EBITDA 26.7x 16.8x 21.7x 24.4x 25x 25.1x 22.7x 20.5x
EV / EBIT 30.4x 18.9x 24.2x 27.2x 27.7x 27.7x 25x 22.8x
EV / FCF 60.3x 35.8x 29.4x 43.5x 43.7x 46.4x 41.1x 39x
FCF Yield 1.66% 2.8% 3.4% 2.3% 2.29% 2.15% 2.43% 2.56%
Dividend per Share 2 0.56 0.62 0.7 0.78 0.875 0.9625 1.05 1.12
Rate of return 1.75% 2.62% 2.16% 2.17% 2.18% 2.1% 2.3% 2.45%
EPS 2 0.8 0.945 1.01 1 1.09 1.247 1.382 1.513
Distribution rate 70% 65.6% 69.3% 78% 80.3% 77.2% 75.9% 74%
Net sales 1 6,011 6,981 7,347 7,546 8,200 9,234 10,061 10,879
EBITDA 1 1,388 1,630 1,706 1,685 1,835 2,083 2,308 2,541
EBIT 1 1,217 1,454 1,529 1,510 1,656 1,892 2,097 2,293
Net income 1 925 1,087 1,155 1,151 1,258 1,435 1,584 1,734
Net Debt 1 153.8 324.9 38.7 -55.8 -151.8 -122.4 -151.3 -303.9
Reference price 2 32.03 23.66 32.38 35.96 40.13 45.74 45.74 45.74
Nbr of stocks (in thousands) 1,150,327 1,145,520 1,143,200 1,145,773 1,148,036 1,147,494 - -
Announcement Date 19/1/22 19/1/23 18/1/24 17/1/25 20/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.79x5.69x25.25x2.11% 52.49B
30.16x3.41x19.82x0.7% 64.73B
33.27x5.26x19.56x0.96% 12.23B
30.58x2.44x19.77x0.59% 12.1B
16.63x1.31x10.54x-.--% 8.46B
27.64x1.82x15.46x2.82% 6.93B
16.86x1.11x9.67x3.73% 3.98B
30.69x3.2x18.32x1.13% 2.58B
26.21x - - - 2.54B
187.43x0.53x11.79x - 2.4B
Average 43.63x 2.75x 16.69x 1.51% 16.84B
Weighted average by Cap. 33.57x 3.92x 20.47x 1.3%

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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