Our investment recommendation tool can be used to complement Fastenal trade advice provided by
experts. It analyzes the company's potential to grow against your specific risk preferences and investment horizon.
About
80.0% of the company shares are owned by institutional investors. Fastenal next dividend is scheduled to be issued on the 26th of April 2022. The entity had
2:1 split on the 23rd of May 2019.
The successful prediction of Fastenal
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Fastenal Company, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Fastenal based on Fastenal hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Fastenal's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Fastenal's related companies.
Use Technical Analysis to project Fastenal expected Price
Fastenal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Fastenal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fastenal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...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
This firm reported the previous year's revenue of 6.3
B. Net Income was 984
M with profit before overhead, payroll, taxes, and interest of 2.78
B.
| 2019 | 2020 | 2021 | 2022 (projected) |
Consolidated Income | 790.9 M | 859.1 M | 925 M | 836.45 M | Direct Expenses | 2.82 B | 3.08 B | 3.23 B | 2.59 B |
Cost of Revenue Breakdown
Fastenal Cost of Revenue yearly trend continues to be comparatively stable with very little volatility. Cost of Revenue will likely drop to about 3
B in 2022. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Fastenal Cost of Revenue is comparatively stable at the moment as compared to the past year. Fastenal reported Cost of Revenue of 3.23 Billion in 2021
| 2015 | 1.92 Billion |
| 2016 | 2 Billion |
| 2017 | 2.23 Billion |
| 2018 | 2.57 Billion |
| 2019 | 2.82 Billion |
| 2020 | 3.08 Billion |
| 2021 | 3.23 Billion |
| 2022 | 2.97 Billion |
Will Fastenal continue to gain?
Newest market risk adjusted performance is at -0.23. Fastenal Company exhibits very low volatility with skewness of -0.24 and kurtosis of 0.34. However, we advise investors to further study Fastenal Company technical indicators to make sure all market info is available and is reliable. 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.
Fastenal Implied Volatility
Fastenal's implied volatility exposes the market's sentiment of Fastenal Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fastenal's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fastenal stock will not fluctuate a lot when Fastenal's options are near their expiration.
Our Bottom Line On Fastenal
Whereas some other companies 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. All things considered, as of the 13th of July 2022, we believe that at this point, Fastenal is
fairly valued with
very low odds of financial distress within the next 2 years. Our concluding buy-or-sell advice on the firm is
Hold.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
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 Raphi Shpitalnik do not own shares of Fastenal Company. Please refer to our
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