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 58,213 - -
Change - -26.44% 36.6% 11.27% 11.83% 26.35% - -
Enterprise Value (EV) 1 36,999 27,428 37,061 41,140 45,919 58,102 58,003 57,900
Change - -25.87% 35.12% 11.01% 11.61% 26.53% -0.17% -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 11.5x
PEG - 1.4x 4.67x -36.36x 4.09x 2.5x 3.4x 3.5x
Capitalization / Revenue 6.13x 3.88x 5.04x 5.46x 5.62x 6.26x 5.73x 5.3x
EV / Revenue 6.16x 3.93x 5.04x 5.45x 5.6x 6.25x 5.71x 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 52.9x 45.2x 43x
FCF Yield 1.66% 2.8% 3.4% 2.3% 2.29% 1.89% 2.21% 2.33%
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% 2.08% 2.24%
EPS 2 0.8 0.945 1.01 1 1.09 1.262 1.398 1.53
Distribution rate 70% 65.6% 69.3% 78% 80.3% 77.5% 75.6% 74.4%
Net sales 1 6,011 6,981 7,347 7,546 8,200 9,294 10,155 10,994
EBITDA 1 1,388 1,630 1,706 1,685 1,835 2,106 2,323 2,557
EBIT 1 1,217 1,454 1,529 1,510 1,656 1,912 2,118 2,319
Net income 1 925 1,087 1,155 1,151 1,258 1,451 1,601 1,752
Net Debt 1 153.8 324.9 38.7 -55.8 -151.8 -110.1 -209.7 -312.5
Reference price 2 32.03 23.66 32.38 35.96 40.13 50.73 50.73 50.73
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.($)
27.59x3.15x18.23x0.76% 60.26B
40.19x6.25x27.59x1.93% 58.21B
35.38x5.86x20.92x0.85% 13.68B
27.6x2.28x18x0.63% 12.18B
15.94x1.22x9.92x-.--% 7.67B
26.89x1.78x15.07x2.9% 6.74B
19.66x1.27x11.05x3.18% 4.59B
29.84x - - - 3B
-108.47x0.62x13.9x - 2.88B
Average 12.73x 2.80x 16.83x 1.46% 18.8B
Weighted average by Cap. 29.51x 4.16x 20.93x 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