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Reasonable Growth, Debt Levels, and a High ROIC Make FASTENAL CO (NASDAQ:FAST) Appealing to Quality Investors.

By Mill Chart

Last update: Dec 18, 2023

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if FASTENAL CO (NASDAQ:FAST) is suited for quality investing. Investors should of course do their own research, but we spotted FASTENAL CO showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

A Deep Dive into FASTENAL CO's Quality Metrics.

  • FASTENAL CO has demonstrated significant revenue growth over the past 5 years, with a 9.72% increase. This underscores the company's ability to adapt to market dynamics and capitalize on growth opportunities.
  • With a notable ROIC excluding cash and goodwill at 31.57%, FASTENAL CO demonstrates its commitment to generating sustainable returns for shareholders. This metric emphasizes the company's effective use of capital and its ability to deliver long-term value.
  • The Debt/Free Cash Flow Ratio of FASTENAL CO stands at 0.22, reflecting the company's prudent capital structure and cash flow dynamics. This ratio highlights the company's ability to generate robust free cash flow relative to its debt obligations.
  • FASTENAL CO demonstrates consistent Profit Quality over the past 5 years, with a strong 77.44%. This indicates the company's ability to generate sustainable and reliable profits, showcasing its long-term profitability and financial stability.
  • FASTENAL CO has experienced impressive EBIT growth over the past 5 years, with 10.54% increase. This reflects the company's effective operational performance and highlights its potential for long-term financial success.
  • FASTENAL CO has achieved superior EBIT 5-year growth compared to its Revenue 5-year growth. This demonstrates the company's ability to maximize its profitability through effective cost management and operational strategies.

How does the complete fundamental picture look for NASDAQ:FAST?

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple fundamental indicators and properties.

Overall FAST gets a fundamental rating of 7 out of 10. We evaluated FAST against 52 industry peers in the Trading Companies & Distributors industry. Both the health and profitability get an excellent rating, making FAST a very profitable company, without any liquidiy or solvency issues. FAST is valied quite expensively at the moment, while it does show a decent growth rate.

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

Our Caviar Cruise screen will find you more ideas suited for quality investing.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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FASTENAL CO

NASDAQ:FAST (5/21/2024, 7:22:03 PM)

After market: 65.6 -0.71 (-1.07%)

66.31

-0.35 (-0.53%)

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