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 55,941 - -
Change - -26.44% 36.6% 11.27% 11.83% 21.42% - -
Enterprise Value (EV) 1 36,999 27,428 37,061 41,140 45,919 55,840 55,738 55,634
Change - -25.87% 35.12% 11.01% 11.61% 21.61% -0.18% -0.19%
P/E 40x 25x 32.1x 36x 36.8x 38.7x 35x 31.9x
PBR 12.1x 8.61x 11.1x 11.4x 11.7x 13.3x 12.2x 11.1x
PEG - 1.4x 4.67x -36.36x 4.09x 2.5x 3.3x 3.37x
Capitalization / Revenue 6.13x 3.88x 5.04x 5.46x 5.62x 6.03x 5.52x 5.1x
EV / Revenue 6.16x 3.93x 5.04x 5.45x 5.6x 6.02x 5.5x 5.07x
EV / EBITDA 26.7x 16.8x 21.7x 24.4x 25x 26.6x 24.1x 21.7x
EV / EBIT 30.4x 18.9x 24.2x 27.2x 27.7x 29.3x 26.4x 24.1x
EV / FCF 60.3x 35.8x 29.4x 43.5x 43.7x 50x 43.6x 41.4x
FCF Yield 1.66% 2.8% 3.4% 2.3% 2.29% 2% 2.29% 2.42%
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% 2.01% 2.17% 2.34%
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 48.75 48.75 48.75
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.23x3.23x18.64x0.74% 61.67B
38.71x6.02x26.6x2.01% 55.94B
32.44x5.44x19.38x0.92% 12.93B
26.53x2.19x17.29x0.66% 11.71B
15.69x1.23x9.93x-.--% 7.88B
26.22x1.74x14.71x2.97% 6.58B
19.48x1.26x10.99x3.22% 4.64B
-108.27x0.62x13.88x - 2.87B
28.21x - - - 2.84B
Average 11.91x 2.71x 16.43x 1.5% 18.56B
Weighted average by Cap. 28.68x 4.02x 20.44x 1.31%

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