Fastenal Company Stock Fair Value – Fastenal Company [NASDAQ: FAST] Market Cap Reaches 29.68B Despite 0.17% Loss in Share Price.

Trending News ☀️

Fastenal Company ($NASDAQ:FAST) NASDAQ: FAST, a leading supplier of industrial and construction supplies, recently saw its market cap reach 29.68B on March 8th. With 2811379 shares traded, this was a remarkable achievement for the company. Unfortunately, the share price closed at $51.74, which was a decrease of 0.17% or 0.09 points. This decrease in the share price has caused some investors to question what the next move may be for Fastenal Company. Investors will be watching carefully for trends in the coming weeks to try and determine the future of the stock.

It remains to be seen whether the decrease in share price is a temporary setback or a sign of bigger things to come. As one of the top suppliers of industrial and construction supplies, Fastenal Company has established themselves as a leader in their field. With the recent market cap reaching 29.68B, it is clear that investors still have faith in the company. Investors will be watching carefully for any changes in the stock price to get an idea of what the next move may be for Fastenal Company.

Stock Price

Despite mostly positive news till now, Fastenal Company NASDAQ: FAST experienced a 0.17% loss in its share price on Monday. The company’s stock opened at $52.6 and closed at $52.4, up by a mere 0.1% from the prior closing price of $52.3. Even with this minor loss, Fastenal’s market cap still reached a staggering $29.68 billion. This demonstrates the strength and resilience of the company, despite the current economic climate. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fastenal Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fastenal Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fastenal Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Fastenal Company are shown below. More…

Analysis – Fastenal Company Stock Fair Value

At GoodWhale, we recently conducted an analysis of FASTENAL COMPANY‘s wellbeing. Through our proprietary Valuation Line, we determined the intrinsic value of FASTENAL COMPANY shares to be around $57.6. Currently, the stock is being traded at $52.4, which gives it a fair price that is undervalued by 9.1%. This provides an opportunity for investors to buy FASTENAL COMPANY shares at a lower price and benefit from the potential appreciation of its intrinsic value. We believe that this presents a good investment opportunity for savvy investors. More…

Peers

Fastenal Co is a leading company in the fastener industry and competes with WESCO International Inc, DXP Enterprises Inc, and W.W. Grainger Inc. All four companies are leaders in their respective fields and have a long history of competition.

– WESCO International Inc ($NYSE:WCC)

WESCO International Inc. is a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced logistics services. The company serves commercial and industrial customers in more than 90 countries. WESCO operates through 11 regional businesses, each with a dedicated team of experts that understands the unique needs of the local market.

WESCO has a market cap of $6.47B as of 2022 and a ROE of 16.97%. The company is a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced logistics services. WESCO operates through 11 regional businesses, each with a dedicated team of experts that understands the unique needs of the local market.

– DXP Enterprises Inc ($NASDAQ:DXPE)

DXP Enterprises is a leading provider of integrated maintenance, repair and operations solutions that enable our customers to operate more efficiently and effectively. We are a trusted partner to a broad range of customers in the industrial, energy and other markets, and our mission is to make our customers’ operations more productive, efficient and sustainable.

DXP’s market cap is $483.23M as of 2022. The company has a Return on Equity of 14.04%.

DXP provides a broad range of MRO solutions that help our customers improve their operations. Our products and services include bearings, power transmission, fluid power, tools and equipment, and general maintenance supplies. We also offer a full range of repair and maintenance services, including on-site repairs, field services, and machine tool services. In addition, we offer a wide range of value-added services, such as inventory management, just-in-time delivery, and kitting and assembly.

– W.W. Grainger Inc ($NYSE:GWW)

W.W. Grainger Inc is a Fortune 500 company that provides maintenance, repair and operating supplies and equipment to businesses and institutions worldwide. With a market cap of 27.04B as of 2022 and a Return on Equity of 56.81%, it is clear that the company is doing well. The company has a long history dating back to 1927 and has been a reliable source for businesses and institutions for many years.

Summary

Investing in Fastenal Company (NASDAQ: FAST) is a smart choice for those looking for stability and consistent returns. Despite a 0.17% loss in share price, the company’s market cap has now reached $29.68B, indicating that investors are confident in its future growth. The company’s strong fundamentals and robust financials make it a reliable stock for long-term investors.