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FASTENAL CO (NASDAQ:FAST) Exhibits Quality Stock Traits. Here's Why.

By Mill Chart

Last update: Nov 27, 2023

In this article we will dive into FASTENAL CO (NASDAQ:FAST) as a possible candidate for quality investing. Investors should always do their own research, but we noticed FASTENAL CO showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Some of the quality metrics of NASDAQ:FAST highlighted

  • FASTENAL CO has achieved substantial revenue growth over the past 5 years, with a 9.72% increase. This signifies the company's ability to successfully capture market opportunities and generate sustained revenue growth.
  • With a robust ROIC excluding cash and goodwill at 31.57%, FASTENAL CO showcases its effective allocation of capital and operational excellence. This metric signifies the company's ability to generate attractive returns and supports its long-term financial performance.
  • FASTENAL CO maintains a healthy Debt/Free Cash Flow Ratio of 0.22, indicating a strong financial position and prudent debt management. This ratio suggests the company has sufficient free cash flow to cover its debt obligations and highlights its ability to generate cash from operations.
  • FASTENAL CO exhibits impressive Profit Quality (5-year) with a 77.44% ratio, reflecting its consistent ability to generate high-quality profits. This metric underscores the company's strong financial performance and commitment to delivering sustainable earnings.
  • FASTENAL CO has consistently achieved strong EBIT growth over the past 5 years, with a 10.54% increase. This underscores the company's effective management of its operating income and suggests a positive outlook for future profitability.
  • FASTENAL CO demonstrates a remarkable trend where its EBIT 5-year growth exceeds its Revenue 5-year growth. This indicates the company's ability to enhance its profitability through improved cost control and operational efficiency.

Fundamental analysis of NASDAQ:FAST

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

We assign a fundamental rating of 7 out of 10 to FAST. FAST was compared to 52 industry peers in the Trading Companies & Distributors industry. FAST gets an excellent profitability rating and is at the same time showing great financial health properties. FAST is quite expensive at the moment. It does show a decent growth rate.

Our latest full fundamental report of FAST contains the most current fundamental analsysis.

More ideas for quality investing can be found on ChartMill in our Caviar Cruise screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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FASTENAL CO

NASDAQ:FAST (2/23/2024, 7:00:01 PM)

After market: 72.18 0 (0%)

72.18

+0.12 (+0.17%)

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