The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Fastenal has an asset utilization ratio of 225.08 percent. This implies that the company is making $2.25 for each dollar of assets. An increasing asset utilization means that Fastenal Company is more efficient with each dollar of assets it utilizes for everyday operations.
What is the right price you would pay to acquire a share of Fastenal? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with Fastenal Company this year
Annual and quarterly reports issued by Fastenal Company are formal
financial statements that are published yearly and quarterly and sent to Fastenal stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Fastenal often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Fastenal Gross Profit
Fastenal Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Fastenal previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Fastenal Gross Profit growth over the last 10 years. Please check Fastenal's
gross profit and other
fundamental indicators for more details.
Another Deeper Perspective
Earning per share calculations of Fastenal is based on official Zacks consensus of 7 analysts regarding Fastenal's future annual earnings. Given the historical accuracy of 96.37%, the future earnings per share of the company is estimated to be 1.551 with the lowest and highest values of 1.5 and 1.58, respectively. Please note that this consensus of annual earnings estimates for the firm is an estimate of EPS before non-recurring items and including employee stock options expenses.
Is Fastenal a risky opportunity?
Let's check the volatility. Fastenal is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Fastenal (NASDAQ:FAST) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. acquiring a share of a Fastenal stock makes you a part-owner of that company.
Fastenal Company Current Consensus
Here is the newest trade recommendation based on an ongoing consensus estimate among financial analysis covering Fastenal. The Fastenal consensus assessment is calculated by taking the average estimates from all of the analysts covering Fastenal
| Strong Buy2 | Hold9 | Strong Sell1 |
| Strong Buy | 2 | 16.67 |
| Buy | 0 | 0.0 |
| Hold | 9 | 75.0 |
| Sell | 0 | 0.0 |
| Strong Sell | 1 | 8.33 |
Fastenal technical analysis implies possible collapse
Newest semi variance is at 2.26. Fastenal Company has relatively low volatility with skewness of -0.72 and kurtosis of 1.17. However, we advise all investors to independently investigate Fastenal Company to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fastenal's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fastenal's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Bottom Line On Fastenal
Whereas some other firms within the industrial distribution industry are still a little expensive, even after the recent corrections, Fastenal may offer a potential longer-term growth to private investors. Taking everything into account, as of the 4th of June 2021, we believe that at this point, Fastenal is
fairly valued with
very small odds of distress within the next 2 years. Our ongoing buy-hold-sell recommendation on the firm is
Strong Hold.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Fastenal Company. Please refer to our
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