Positive context积极背景
Stocks股票 / Industrials / FAST
Fastenal · Industrials
FAST US listed · USD美股 · 美元
Fastenal Company is an American publicly traded company based in Winona, Minnesota, founded in 1967. Fastenal is a major distributor of industrial and construction supplies, and the largest fastener distributor in North America.Fastenal Company是一家美国公开交易公司，总部位于明尼苏达州威诺纳，成立于1967年。Fastenal是工业和建筑用品的主要分销商，也是北美最大的紧固件分销商。
Large cap大盘 · $59B
Industrials
Cyclical周期股
$51.34
-$0.88 · -1.69%
52w low52周低 $38.31high高 $53.04
Neutral — no clear edge中性 — 无明显优势
The daily turn is already in — a low formed ~18 days ago at $44.52 and price is back above the 10-day average. What's missing is the weekly timeframe…日线转向已经完成——低点于约 18 天前形成，价位44.52，且价格已重新站上 10 日均线。尚缺的是周线周期的确认，因此这是当下可用的部分信心入场，而非待触发信号：可在此建半仓，或等待周线转向。
Live实时
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
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Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-08-14
Momentum (RSI 14)动量（RSI 14）
66
Elevated偏高
vs 50-day average相对50日均线
+8.6% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+15.7% above上方
Long trend up长期向上
Volatility波动率
65th percentile第65百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being raised — 8 analysts预期上调 — 8 位分析师
Valuation估值
Expensive vs sector相对行业偏贵| Multiple指标 | FAST | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 46.84x | 30.23 | |
| P/B市净率 | 14.95x | 4.41 | |
| P/S市销率 | 7.19x | 2.24 | |
| Earnings yield盈利收益率 | 2.14% | 3.11 | |
| FCF yield自由现金流收益率 | 1.78% | 3.73 | |
| EV/EBITDA企业价值/EBITDA | 32.04x | 16.47 | |
| P/FCF市值/自由现金流 | 56.10x | 24.95 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$8.2B2025
20202025
5-yr growth5年复合增速 7.7%
Earnings per share每股收益
$1.092025
20202025
5-yr growth5年复合增速 -6.1%
Free cash flow自由现金流
$1.1B2025
20202025
Gross margin毛利率
45.0%
Operating margin营业利润率
20.2%
Net margin净利率
15.3%
FCF margin自由现金流利润率
15.8%
Balance-sheet quality财务体质 7/9
Bankruptcy risk: safe zone破产风险：安全区
Return on equity股本回报率 32%
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-0.08
Current ratio流动比率4.85
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$0
Stock-based comp股权薪酬$8.4M
Share count change (1y)股数变化（1年）+0.1%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
Reshoring & Industrial Capex theme — #20 of 49 themes「回流与工业资本开支」主题 — 49 个主题中第 20 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Short interest changed +14.1%空头仓位变动 +14.1%
Technical技术面
UPTREND → NEARING A HIGH上涨趋势 → 接近高点
Options positioning期权持仓
as of last close截至上一收盘Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±1.61%
Expected weekly move预期周波动
±3.59%
25d risk reversal25d风险逆转
2.6%
Flow:资金流向： $0M premium traded; 0% 0DTE; 2 fresh positions; P/C 0.33; ~leans bullish (direction approx)成交权利金 $0M；0DTE占0%；2个新建仓；看跌看涨比 0.33；≈偏看涨（方向近似）
Skew: greed偏斜：贪婪
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$2.5M net (0 buyers, 2 sellers)-$2.5M 净值（0 买家，2 卖家）
Signal history信号历史
engine events引擎事件
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP. A new cycle low likely formed 18 day(s) ago (2026-07-20 @ 44.52): swing low in, price back above the 10-day average — but the weekly timeframe hasn't turned yet, so conviction is partial买入预备。新的周期低点可能已在 18 天前形成 （2026-07-20 @ 44.52）：摆动低点已现，价格重新站上 10 日均线——但周线周期尚未转向，因此信心仅为部分
Aug 7, 2026
UPTREND → NEARING A HIGH上涨趋势 → 接近高点
TAKE PROFITS止盈
Aug 7, 2026
FAST took relative-strength leadershipFAST 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $51.84.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$51.84。
Aug 7, 2026
FAST RSI reached overboughtFAST RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $51.84.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$51.84。
Aug 4, 2026
FAST made a new 52-week highFAST 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $49.71.价格创出52周新高 — 全市场关注的动量/趋势极值。$49.71。
Jul 31, 2026
NEARING A HIGH → BUY ZONE接近高点 → 买入区
BUY买入
Jul 30, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Jul 27, 2026
NEARING A HIGH → BUY ZONE接近高点 → 买入区
BUY买入
Jul 27, 2026
FAST daily MACD crossed upFAST 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $47.38.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$47.38。
Jul 23, 2026
UNCONFIRMED TURN → NEARING A HIGH未确认转向 → 接近高点
TAKE PROFITS止盈
Jul 23, 2026
FAST StochRSI turned up from oversoldFAST StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $45.90.StochRSI重回20上方 — 下行动量趋缓的最早预警。$45.90。
Jul 21, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Showing the last 15 of显示最近15条，共 122 signals条信号
Company profile公司档案
Fastenal Company is an American publicly traded company based in Winona, Minnesota, founded in 1967. Fastenal is a major distributor of industrial and construction supplies, and the largest fastener distributor in North America.Fastenal Company是一家美国公开交易公司，总部位于明尼苏达州威诺纳，成立于1967年。Fastenal是工业和建筑用品的主要分销商，也是北美最大的紧固件分销商。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Profitability盈利能力
Above market高于市场
Quality质量
Above market高于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Above market高于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Above market高于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 46.8× | 30.2× | 23% |
| Price / Book市净率 | 14.9× | 4.4× | 9% |
| Price / Sales市销率 | 7.2× | 2.2× | 7% |
| EV / EBITDAEV/EBITDA | 32.0× | 16.5× | 13% |
| Earnings yield盈利收益率 | 2.1% | 3.1% | 29% |
| Free-cash-flow yield自由现金流收益率 | 2.2% | 5.5% | 12% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
32/100 — middle of the pack居中
vs market, 3 months相对大盘（3个月）
66/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
52/100 — middle of the pack居中
vs market, 12 months相对大盘（12个月）
34/100 — middle of the pack居中
Rank in sector行业内排名
#197 / 262
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +1.1% | +1.2% |
| 1 Month近1月 | +12.9% | +3.5% |
| 3 Months近3月 | +18.7% | +5.2% |
| 6 Months近6月 | +11.2% | +14.4% |
| Year to date年初至今 | +28.3% | +14.2% |
| 1 Year近1年 | +6.0% | +21.6% |
Trading information交易信息
Beta vs market贝塔
0.53
Volatility rank波动率分位
65th pctile
Short interest空头占比
3.1% of float
Market cap市值
$59B
EPS (trailing)每股收益
$1.10
Off 52-week high距52周高点
-2.0%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $5.6B | $6.0B | $7.0B | $7.3B | $7.5B | $8.2B |
| EPS每股收益 | $1.49 | $1.60 | $1.89 | $2.02 | $2.00 | $1.09 |
| Free cash flow自由现金流 | $934M | $614M | $767M | $1.3B | $947M | $1.1B |
| Gross margin毛利率 | 45.5% | 46.2% | 46.1% | 45.7% | 45.1% | 45.0% |
| Net margin净利率 | 15.2% | 15.4% | 15.6% | 15.7% | 15.2% | 15.3% |
| FCF margin自由现金流利润率 | 16.5% | 10.2% | 11.0% | 17.1% | 12.5% | 12.8% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$8.2B
Gross profit毛利润
$3.7B
Net income净利润
$1.3B
Operating cash flow经营现金流
$1.3B
Total assets总资产
$5.1B
Shareholder equity股东权益
$3.9B
Long-term debt长期负债
$100M
Shares outstanding总股本
1.15B
Returns & growth回报与增长
Return on equity股本回报率
31.9%
Return on assets资产回报率
24.9%
Debt / assets负债/资产
2.0%
Profit growth利润增速
+9.4%
Asset growth资产增速
+7.6%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Working capital: working capital roughly in line with sales营运资本：营运资本与销售大致同步
- Pricing power: strong gross profitability vs peers定价能力：毛利能力强于同业
- Capital discipline: share count +100.0% over 6 years (dilution)资本纪律：股本 6 年增加 100.0%（稀释）
- Balance sheet: Altman Z 36.31 — safe zone资产负债表：Altman Z 36.31——安全区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
66
RSI (2-day)RSI（2日）
18
vs 20-day average相对20日均线
+6.0%
vs 50-day average相对50日均线
+8.6%
vs 200-day average相对200日均线
+15.7%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
97/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
8
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+2.0%
Net upgrades, 30 days净上调（30天）
+6
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$52
Upside magnet上方磁吸位
$52
Downside magnet下方磁吸位
$50
Net dealer gamma做市商净伽玛
+$0.0B
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
0%
25-delta risk reversal25-delta风险逆转
+2.6%
Call-put IV spread看涨-看跌IV价差
+0.0pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$2.5M
Insider buyers vs sellers内部人买家vs卖家
0 : 2
Short interest空头占流通盘
3.1%
Days to cover回补天数
4.3
Short interest change空头变化
+14.1%
Recent fund flows近期基金流向
Global X U.S. Infrastructure DevGlobal X U.S. Infrastructure Dev
accumulating持续增持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。