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Fastenal Company (NASDAQ: FAST) – Is this large market cap stock undervalued?

Fastenal Company (NASDAQ: FAST), is firmly in the large market cap category with market cap of 11401.61. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Fastenal Company is 38 (with a change from open of -2.11%), this in conjunction with a target price of 43.67. Volume today has so far reached 2530319, with an average volume of about 2505.68. The GAP for this stock, is -0.61%.

The P/E ratio is 22.36, bringing the forward P/E to a value of 21.08. The current EPS for Fastenal Company, is 1.75, with a EPS growth for this year coming to a value of 6.40%. Performance has been interesting with performance year to date coming to -2.21%.

Looking further into the growth statistics for Fastenal Company, EPS is looking like it will grow 6.56% in the next year. Looking even further it is projected to be 9.26%. Quarter over quarter is -5.40% for EPS growth and for sales growth quarter over quarter it is 1.70%. Looking at past EPS growth statistics we see that for the past five years it has been 14.50%. Sales growth for the past five years has in fact been 11.30%.

Looking at the ownership, we see that the insider ownership is at 0.10% and institutional ownership is 85.30%. Shares outstanding is 291.9, while shares float is at a value of 288.13. Float short for Fastenal Company is 8.03% and the short ratio is 9.23.

In terms of debt, long term debt/equity is 0.19, while the total debt/equity comes to 0.23. The ability to meet these debts, means that the current ratio is 4.4, and the quick ratio is 2. The most recent gross margin is 49.90% and their operating margin is 20.70%. The profit margin is 12.90%.

Fastenal Company has seen returns on assets of 19.50%, and on investment, 24.00%. Return on equity is 27.80%. Price/Earnings to growth ratio is 2.41. Price/Sales ratio is at a value of 2.91, with Price/book ratio coming to 6.04 and Price/cash is 73.32, and finally Price/Free cash Flow is 269.54.

The simple moving averages are -9.73% and -12.46% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -22.93% and the 52 week low is 10.64%.

Fastenal Company has a dividend yield of 3.07%, with a current price of 38. The ability to pay this means the payout ratio is 66.30%. This is in an industry, Industrial Equipment Wholesale, with equally high dividends from other companies in this sector, which it is Services. Fastenal Company is based in USA.

Performance in the Industrial Equipment Wholesale industry means that Fastenal Company has seen performance for the past week of -6.80%, with performance for the month coming to -3.41%. Looking at the data for the quarter it is at a value of -9.14%, and for the half year the performance is 5.96%. Volatility for this week is 2.99% and for the month this is 1.88%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

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