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Why Quality Investors May Find FASTENAL CO (NASDAQ:FAST) Attractive.

By Mill Chart

Last update: Mar 21, 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.

Why NASDAQ:FAST may be interesting 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.
  • With a robust ROIC excluding cash and goodwill at 32.31%, 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 0.21, 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.
  • The Profit Quality (5-year) of FASTENAL CO stands at 86.01%, highlighting its ability to consistently generate reliable profits. This metric underscores the company's strong business fundamentals and reinforces its position as a financially stable entity.
  • FASTENAL CO has demonstrated consistent growth in EBIT over the past 5 years, with a strong 8.89%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
  • With EBIT 5-year growth outpacing its Revenue 5-year growth, FASTENAL CO showcases its effective cost management and enhanced operational performance. This suggests the company's ability to generate higher earnings from its revenue streams.

Fundamental analysis of NASDAQ:FAST

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

FAST gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 valied quite expensively at the moment, while 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.

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

Keep in mind

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 (5/24/2024, 7:25:52 PM)

After market: 66.02 0 (0%)

66.02

+0.22 (+0.33%)

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