Fastenal Free Cash Flow vs Exchange Rate Changes Analysis

FAST Stock  USD 79.29  0.03  0.04%   
Fastenal financial indicator trend analysis is much more than just examining Fastenal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fastenal is a good investment. Please check the relationship between Fastenal Free Cash Flow and its Exchange Rate Changes accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Free Cash Flow vs Exchange Rate Changes

Free Cash Flow vs Exchange Rate Changes Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fastenal Free Cash Flow account and Exchange Rate Changes. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Fastenal's Free Cash Flow and Exchange Rate Changes is -0.09. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Exchange Rate Changes in the same time period over historical financial statements of Fastenal Company, assuming nothing else is changed. The correlation between historical values of Fastenal's Free Cash Flow and Exchange Rate Changes is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Fastenal Company are associated (or correlated) with its Exchange Rate Changes. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Exchange Rate Changes has no effect on the direction of Free Cash Flow i.e., Fastenal's Free Cash Flow and Exchange Rate Changes go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Exchange Rate Changes

The impact of changes in foreign exchange rates on a company's financial position and results.
Most indicators from Fastenal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fastenal current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Fastenal's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas Enterprise Value Multiple is likely to drop 20.87 in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit2.8B3.2B3.4B3.5B
Total Revenue6.0B7.0B7.3B7.7B

Fastenal fundamental ratios Correlations

0.840.970.990.980.820.990.950.990.70.930.980.560.840.990.970.230.961.00.260.980.660.790.840.840.43
0.840.840.760.840.960.770.840.860.450.810.770.150.950.850.740.130.940.820.270.820.30.70.520.520.66
0.970.840.950.950.830.960.960.960.740.930.960.460.80.960.940.20.950.970.170.970.620.90.830.830.48
0.990.760.950.970.741.00.930.970.720.910.980.640.760.980.980.260.90.990.260.970.710.780.880.880.36
0.980.840.950.970.830.970.931.00.620.90.940.550.860.970.940.30.950.970.360.950.610.750.760.760.39
0.820.960.830.740.830.750.790.850.490.750.770.120.970.830.70.00.950.80.190.820.370.70.520.520.62
0.990.770.961.00.970.750.930.970.720.920.990.630.780.980.980.220.910.990.250.980.720.780.880.880.37
0.950.840.960.930.930.790.930.940.731.00.930.480.820.930.910.210.930.950.160.950.630.830.780.780.39
0.990.860.960.971.00.850.970.940.670.920.950.520.870.970.940.290.960.970.290.960.630.780.770.770.4
0.70.450.740.720.620.490.720.730.670.720.790.280.440.650.670.090.610.71-0.430.780.870.820.830.830.05
0.930.810.930.910.90.750.921.00.920.720.910.490.790.910.90.20.90.930.150.930.610.810.780.780.38
0.980.770.960.980.940.770.990.930.950.790.910.540.780.970.950.160.910.990.130.990.760.820.90.90.36
0.560.150.460.640.550.120.630.480.520.280.490.540.230.570.660.210.360.570.430.490.490.230.590.59-0.01
0.840.950.80.760.860.970.780.820.870.440.790.780.230.850.740.080.950.820.310.830.380.580.490.490.56
0.990.850.960.980.970.830.980.930.970.650.910.970.570.850.960.20.950.990.310.970.610.770.820.820.49
0.970.740.940.980.940.70.980.910.940.670.90.950.660.740.960.290.880.970.330.950.660.730.870.870.42
0.230.130.20.260.30.00.220.210.290.090.20.160.210.080.20.290.140.20.220.15-0.030.130.180.180.09
0.960.940.950.90.950.950.910.930.960.610.90.910.360.950.950.880.140.940.260.940.520.770.690.690.54
1.00.820.970.990.970.80.990.950.970.710.930.990.570.820.990.970.20.940.240.990.680.80.860.860.44
0.260.270.170.260.360.190.250.160.29-0.430.150.130.430.310.310.330.220.260.240.15-0.24-0.19-0.07-0.070.19
0.980.820.970.970.950.820.980.950.960.780.930.990.490.830.970.950.150.940.990.150.720.820.860.860.4
0.660.30.620.710.610.370.720.630.630.870.610.760.490.380.610.66-0.030.520.68-0.240.720.60.810.81-0.17
0.790.70.90.780.750.70.780.830.780.820.810.820.230.580.770.730.130.770.8-0.190.820.60.790.790.38
0.840.520.830.880.760.520.880.780.770.830.780.90.590.490.820.870.180.690.86-0.070.860.810.791.00.31
0.840.520.830.880.760.520.880.780.770.830.780.90.590.490.820.870.180.690.86-0.070.860.810.791.00.31
0.430.660.480.360.390.620.370.390.40.050.380.36-0.010.560.490.420.090.540.440.190.4-0.170.380.310.31
Click cells to compare fundamentals

Fastenal Account Relationship Matchups

Fastenal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8B4.0B4.3B4.5B4.5B4.7B
Short Long Term Debt Total590.6M650.1M636.8M802.1M535M324.0M
Total Current Liabilities544.7M612.7M682.2M789.8M661.3M694.4M
Total Stockholder Equity2.7B2.7B3.0B3.2B3.3B3.5B
Property Plant And Equipment Net1.3B1.3B1.3B1.3B1.3B1.3B
Net Debt415.7M404.4M400.6M572M313.7M329.4M
Retained Earnings2.6B2.7B3.0B3.2B3.4B3.5B
Cash174.9M245.7M236.2M230.1M221.3M232.4M
Non Current Assets Total1.3B1.5B1.4B1.4B1.4B1.5B
Non Currrent Assets Other(23.1M)89.1M92.3M87.1M160.7M168.7M
Cash And Short Term Investments174.9M245.7M236.2M230.1M221.3M232.4M
Net Receivables741.8M769.4M900.2M1.0B1.1B1.1B
Liabilities And Stockholders Equity3.8B4.0B4.3B4.5B4.5B4.7B
Non Current Liabilities Total589.6M618.8M574.6M595.6M452.8M475.4M
Inventory1.4B1.3B1.5B1.7B1.5B1.6B
Other Stockholder Equity67.2M61.9M96.2M3.6M41M22.1M
Total Liab1.1B1.2B1.3B1.4B1.1B1.2B
Total Current Assets2.5B2.5B2.9B3.1B3.0B3.2B
Other Current Liab251.5M124.2M116.1M108.9M108.7M80.2M
Accounts Payable192.8M207M233.1M255M264.1M277.3M
Property Plant And Equipment Gross1.0M1.3B1.0B1.0B2.7B2.8B
Accumulated Other Comprehensive Income(38.4M)(21.2M)(30.7M)(64.8M)(54.8M)(52.1M)
Short Term Debt100.4M227.2M241.6M385.6M252.4M265.0M
Other Assets76.3M435K180.9M170.8M1.00.95
Property Plant Equipment1.0B1.0B1.3B1.0B1.2B610.0M
Net Tangible Assets2.8B2.9B3.0B3.3B3.8B2.3B
Long Term Debt342M365M330M353.2M200M233.3M
Retained Earnings Total Equity2.6B2.7B3.0B3.2B3.7B2.1B
Capital Surpluse67.2M61.9M96.2M3.6M4.1M3.9M
Deferred Long Term Liab99.4M102.3M88.6M83.7M96.3M65.8M
Other Liab99.4M102.3M88.6M87.2M100.3M87.6M
Long Term Debt Total342M365M330M353.2M317.9M298.2M

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Additional Tools for Fastenal Stock Analysis

When running Fastenal's price analysis, check to measure Fastenal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.