WallStSmart

Core & Main Inc (CNM)vsFastenal Company (FAST)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fastenal Company generates 6% more annual revenue ($8.20B vs $7.76B). FAST leads profitability with a 15.3% profit margin vs 5.6%. CNM appears more attractively valued with a PEG of 1.92. FAST earns a higher WallStSmart Score of 58/100 (C).

CNM

Buy

55

out of 100

Grade: C-

Growth: 5.3Profit: 6.0Value: 7.3Quality: 7.5
Piotroski: 3/9Altman Z: 2.28

FAST

Buy

58

out of 100

Grade: C

Growth: 6.0Profit: 9.0Value: 4.7Quality: 7.8
Piotroski: 5/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CNMSignificantly Overvalued (-76.8%)

Margin of Safety

-76.8%

Fair Value

$32.71

Current Price

$50.57

$17.86 premium

UndervaluedFair: $32.71Overvalued
FASTSignificantly Overvalued (-99.0%)

Margin of Safety

-99.0%

Fair Value

$23.63

Current Price

$45.37

$21.74 premium

UndervaluedFair: $23.63Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CNM1 strengths · Avg: 9.0/10
Return on EquityProfitability
24.0%9/10

Every $100 of equity generates 24 in profit

FAST3 strengths · Avg: 9.3/10
Return on EquityProfitability
33.3%10/10

Every $100 of equity generates 33 in profit

Market CapQuality
$52.10B9/10

Large-cap with strong market position

Debt/EquityHealth
0.119/10

Conservative balance sheet, low leverage

Areas to Watch

CNM4 concerns · Avg: 3.8/10
PEG RatioValuation
1.924/10

Expensive relative to growth rate

Revenue GrowthGrowth
1.2%4/10

1.2% revenue growth

EPS GrowthGrowth
4.6%4/10

4.6% earnings growth

Profit MarginProfitability
5.6%3/10

5.6% margin — thin

FAST3 concerns · Avg: 2.7/10
Price/BookValuation
13.2x4/10

Trading at 13.2x book value

PEG RatioValuation
3.162/10

Expensive relative to growth rate

P/E RatioValuation
41.6x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CNM

The strongest argument for CNM centers on Return on Equity.

Bull Case : FAST

The strongest argument for FAST centers on Return on Equity, Market Cap, Debt/Equity. Profitability is solid with margins at 15.3% and operating margin at 19.0%. Revenue growth of 11.1% demonstrates continued momentum.

Bear Case : CNM

The primary concerns for CNM are PEG Ratio, Revenue Growth, EPS Growth.

Bear Case : FAST

The primary concerns for FAST are Price/Book, PEG Ratio, P/E Ratio. A P/E of 41.6x leaves little room for execution misses.

Key Dynamics to Monitor

CNM profiles as a value stock while FAST is a mature play — different risk/reward profiles.

CNM carries more volatility with a beta of 0.98 — expect wider price swings.

FAST is growing revenue faster at 11.1% — sustainability is the question.

CNM generates stronger free cash flow (604M), providing more financial flexibility.

Bottom Line

FAST scores higher overall (58/100 vs 55/100), backed by strong 15.3% margins and 11.1% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Core & Main Inc

INDUSTRIALS · INDUSTRIAL DISTRIBUTION · USA

Core & Main Inc. (CNM) is a leading distributor of waterworks and plumbing products in the U.S., serving a diverse clientele that includes municipalities, contractors, and industrial clients. The company specializes in critical infrastructure solutions for water, wastewater, and stormwater management, emphasizing sustainable practices in an era of increasing environmental awareness. With a strong commitment to innovation, operational excellence, and customer service, Core & Main leverages its extensive supply chain to deliver high-quality products and solutions. As demand for infrastructure modernization and compliance with rigorous environmental regulations intensifies, Core & Main is poised to play a pivotal role in advancing essential water management initiatives, solidifying its position in a vital and evolving sector.

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Fastenal Company

INDUSTRIALS · INDUSTRIAL DISTRIBUTION · USA

Fastenal Company is an American company based in Winona, Minnesota. Fastenal's service model centers on approximately 3,200 in-market locations, each providing custom inventory, and a dedicated sales team to support local businesses. Fastenal offers companies supply chain solutions that help business reduce inventory touches, and supply chain waste.

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