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Fastenal Company (FAST)

Analyst: Ryan Youngstrand Thursday, September 3, 2009. Fastenal Company (FAST). Stock Price 36.39 52-week range 25.87-56.48 Beta 0.92 (Yahoo! Finance) EPS (TTM) 1.53. fast currently. Sector: Industrial Goods Industry : General Building Materials

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Fastenal Company (FAST)

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  1. Analyst: Ryan Youngstrand Thursday, September 3, 2009 Fastenal Company (FAST)

  2. Stock Price • 36.39 • 52-week range • 25.87-56.48 • Beta • 0.92 (Yahoo! Finance) • EPS (TTM) • 1.53 fast currently

  3. Sector: Industrial Goods Industry : General Building Materials “The company was founded in 1967 and is based in Winona, Minnesota” (Yahoo! Finance). “…operates as a wholesaler and retailer of industrial and construction supplies” (Yahoo! Finance). What they do…

  4. “The company primarily serves manufacturing markets, which include both original equipment manufacturers and maintenance and repair operations; and the construction market that includes general, electric, plumbing, sheet metal, and road contractors, as well as other users, such as farmers; truckers; railroads; mining companies; federal, state, and local governmental entities; schools; and certain retail trades in North America” (Yahoo! Finance). “It offers fastener product line under two categories, which include threaded fasteners, such as bolts, nuts, screws, studs, and related washers that are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures; and miscellaneous supplies, including paints, various pins and machinery keys, concrete anchors, batteries, sealants, metal framing systems, wire rope, strut, private-label stud anchors, rivets, and related accessories” (Yahoo! Finance). What they do…

  5. Swot analysis • Strengths: • “Operates 2,311 company-owned or leased store locations in the United States, Puerto Rico, Canada, Mexico, Singapore, the Peoples Republic of China, and the Netherlands” (Yahoo! Finance). • The stimulus package should increase the need for construction products and infrastructure. • Twelve percent of the company is owned by insiders. • International Business; Diversified • Weaknesses: • The housing market and construction industry is hurting.

  6. Swot analysis • Opportunities: • Continued Expansion • Threats • Housing Market • Competitors • Economy

  7. Financial ratios (Reuters)

  8. Financial ratios cont’d (Reuters)

  9. Valuation ratios (Reuters)

  10. Trend analysis (morningstar)

  11. TTM > 227.7 2008 > 279.7 2007 > 232.6 2006 > 199.0 2005 > 166.8 2004 > 131.0 2003 > 84.1 2002 > 75.5 2001 > 70.1 2000 > 80.7 1999 > 65.5 Net income ($Mil)

  12. EPS from Net Income • TTM > 1.53 • 2008 > 1.88 • 2007 > 1.55 • 2006 >1.32 EPS ($Mil)

  13. 2008 > 1.49 2007 > 1.09 2006 > 1.11 2005 > 0.79 2004 > 0.41 DPS (%) (Morningstar)

  14. PEG = 1.117 Market Cap = 5.41B PEGY = 1.021 EPS Growth = 21.3% Current Ratio = 6.59 P/E = 23.8 ROE = 25.99% ROA = 22.67% FAST Now

  15. 2-YEAR STOCK CHART

  16. COMPARISON WITH COMPETITORS AND S&P 500

  17. HOLD (Growth, Large Cap Stock) Recommendation

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