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Why Quality Investors Should Delve into FASTENAL CO (NASDAQ:FAST) for Investment Opportunities.

By Mill Chart

Last update: Feb 29, 2024

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.

Exploring Why NASDAQ:FAST Holds Appeal for Quality Investors.

  • The 5-year revenue growth of FASTENAL CO has been remarkable, with 8.15% increase. This showcases the company's strong performance in driving revenue growth and indicates its competitiveness within the market.
  • The ROIC excluding cash and goodwill of FASTENAL CO stands at 32.31%, reflecting the company's strong financial management and profitability. This metric underscores its ability to generate favorable returns on the capital invested in its core operations.
  • FASTENAL CO demonstrates a well-balanced Debt/Free Cash Flow Ratio of 0.21, indicating effective debt management and strong cash flow generation. This ratio suggests the company has a sustainable financial position and the capacity to allocate capital efficiently.
  • FASTENAL CO demonstrates consistent Profit Quality over the past 5 years, with a strong 86.01%. This indicates the company's ability to generate sustainable and reliable profits, showcasing its long-term profitability and financial stability.
  • FASTENAL CO has consistently achieved strong EBIT growth over the past 5 years, with a 8.89% increase. This underscores the company's effective management of its operating income and suggests a positive outlook for future profitability.
  • 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.

What else is there to say on the fundamentals of NASDAQ:FAST?

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

We assign a fundamental rating of 6 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. These ratings would make FAST suitable for quality investing!

Check the latest full fundamental report of FAST for a complete fundamental analysis.

More quality stocks can be found in our Caviar Cruise screen.

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.



NASDAQ:FAST (4/24/2024, 7:00:03 PM)

After market: 68.47 +0.73 (+1.08%)


+0.23 (+0.34%)


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