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 58,677 - -
Change - -26.44% 36.6% 11.27% 11.83% 27.36% - -
Enterprise Value (EV) 1 36,999 27,428 37,061 41,140 45,919 58,577 58,475 58,371
Change - -25.87% 35.12% 11.01% 11.61% 27.57% -0.17% -0.18%
P/E 40x 25x 32.1x 36x 36.8x 40.6x 36.7x 33.5x
PBR 12.1x 8.61x 11.1x 11.4x 11.7x 13.9x 12.8x 11.7x
PEG - 1.4x 4.67x -36.36x 4.09x 2.6x 3.4x 3.54x
Capitalization / Revenue 6.13x 3.88x 5.04x 5.46x 5.62x 6.32x 5.79x 5.35x
EV / Revenue 6.16x 3.93x 5.04x 5.45x 5.6x 6.31x 5.77x 5.32x
EV / EBITDA 26.7x 16.8x 21.7x 24.4x 25x 27.9x 25.3x 22.8x
EV / EBIT 30.4x 18.9x 24.2x 27.2x 27.7x 30.7x 27.7x 25.2x
EV / FCF 60.3x 35.8x 29.4x 43.5x 43.7x 52.5x 45.7x 43.4x
FCF Yield 1.66% 2.8% 3.4% 2.3% 2.29% 1.91% 2.19% 2.3%
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% 1.91% 2.07% 2.23%
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 51.14 51.14 51.14
Nbr of stocks (in thousands) 11,50,327 11,45,520 11,43,200 11,45,773 11,48,036 11,47,498 - -
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.($)
40.61x6.32x27.92x1.91% 5.87TCr
28.79x3.29x19.01x0.72% 6.29TCr
33.46x5.6x19.97x0.89% 1.34TCr
28.47x2.35x18.58x0.61% 1.26TCr
16.17x1.26x10.18x-.--% 811.86Cr
27.28x1.8x15.27x2.86% 684.12Cr
19.67x1.27x11.09x3.19% 471.21Cr
29.4x - - - 296.07Cr
-109.02x0.62x13.97x - 289.08Cr
32.09x3.3x18.93x1.09% 271.76Cr
Average 14.69x 2.87x 17.21x 1.41% 1.76TCr
Weighted average by Cap. 29.98x 4.17x 21.21x 1.26%

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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