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 58,132 - -
Change - -26.44% 36.6% 11.27% 11.83% 26.18% - -
Enterprise Value (EV) 1 36,999 27,428 37,061 41,140 45,919 58,032 57,930 57,825
Change - -25.87% 35.12% 11.01% 11.61% 26.38% -0.18% -0.18%
P/E 40x 25x 32.1x 36x 36.8x 40.2x 36.3x 33.2x
PBR 12.1x 8.61x 11.1x 11.4x 11.7x 13.8x 12.7x 11.6x
PEG - 1.4x 4.67x -36.36x 4.09x 2.6x 3.4x 3.51x
Capitalization / Revenue 6.13x 3.88x 5.04x 5.46x 5.62x 6.27x 5.74x 5.3x
EV / Revenue 6.16x 3.93x 5.04x 5.45x 5.6x 6.25x 5.72x 5.27x
EV / EBITDA 26.7x 16.8x 21.7x 24.4x 25x 27.6x 25x 22.6x
EV / EBIT 30.4x 18.9x 24.2x 27.2x 27.7x 30.4x 27.4x 25x
EV / FCF 60.3x 35.8x 29.4x 43.5x 43.7x 52x 45.3x 43x
FCF Yield 1.66% 2.8% 3.4% 2.3% 2.29% 1.92% 2.21% 2.32%
Dividend per Share 2 0.56 0.62 0.7 0.78 0.875 0.9784 1.057 1.139
Rate of return 1.75% 2.62% 2.16% 2.17% 2.18% 1.93% 2.09% 2.25%
EPS 2 0.8 0.945 1.01 1 1.09 1.259 1.394 1.526
Distribution rate 70% 65.6% 69.3% 78% 80.3% 77.7% 75.8% 74.6%
Net sales 1 6,011 6,981 7,347 7,546 8,200 9,278 10,135 10,965
EBITDA 1 1,388 1,630 1,706 1,685 1,835 2,099 2,316 2,559
EBIT 1 1,217 1,454 1,529 1,510 1,656 1,908 2,112 2,312
Net income 1 925 1,087 1,155 1,151 1,258 1,445 1,593 1,744
Net Debt 1 153.8 324.9 38.7 -55.8 -151.8 -100.5 -202.6 -306.8
Reference price 2 32.03 23.66 32.38 35.96 40.13 50.66 50.66 50.66
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 19/01/22 19/01/23 18/01/24 17/01/25 20/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.22x6.25x27.65x1.93% 58.13B
28.04x3.2x18.5x0.75% 61.25B
32.8x5.46x19.56x0.92% 13.05B
28.29x2.34x18.46x0.62% 12.49B
16.35x1.29x10.39x-.--% 8.32B
26.22x1.73x14.7x2.97% 6.57B
18.78x1.22x10.64x3.34% 4.52B
28.9x - - - 2.91B
-105.95x0.6x13.6x - 2.81B
30.92x3.19x18.32x1.13% 2.63B
Average 14.46x 2.81x 16.87x 1.46% 17.27B
Weighted average by Cap. 29.52x 4.11x 20.88x 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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