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Fast Retailing Co. logo

Fast Retailing Co.

FRCOY
71
Apparel - Retail · Consumer Cyclical
Price
$50.43
+0.54 (+1.08%)
Market Cap
$154.74B
Exchange
Other OTC
Winston Score
71
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 9, 2026 · filings through May 31, 2026

Fast Retailing is a Japanese clothing company best known for owning the Uniqlo brand. Uniqlo sells simple, affordable everyday clothes — like fleece jackets, T-shirts, and pants — to regular shoppers around the world. The company also owns smaller brands like GU and Theory, but Uniqlo drives the vast majority of its business.

Fast Retailing makes money by designing its own clothes and selling them directly in its own stores and online, cutting out middlemen to keep costs low and margins high. It operates thousands of stores across Asia, Europe, and North America, with Japan and Greater China as its largest markets. The company's main competitive edge is its tight control over design, manufacturing, and retail — a model similar to Zara or H&M. The key growth driver is expanding Uniqlo's presence in North America and Europe, where it remains far less established than in Asia, though slowing consumer spending and currency fluctuations pose ongoing risks.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+22.8% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+39.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

94.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$1.6T cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Fast Retailing Co. is a rare growth stock that's already generating positive cash flow while growing at 23%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.1% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 3.07B (2021) → 3.07B (2025)

Score breakdown

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Quality

Gross Margin
50.8%
Healthy — 50.8% gross margin
Operating Margin
20.4%
Excellent — 20.4% operating margin
ROCE
6.9%
Weak — 6.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
+16.0%
Fast-growing sales (+16.0% YoY)
EPS YoY
+32.4%
Earnings growing fast (+32.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
154%
Turns 154% of profit into real cash
FCF Margin
18.6%
Converts sales into free cash efficiently (18.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

Debt / Equity
0.10
Conservative — low debt load (0.10)
Interest Cover
50.42x
Comfortably covers interest (50.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
0.3x
Attractive valuation — P/E 0.3

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
+0.1
GROWING
Earnings roughly flat

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Dividends

Dividend Yield
0.74%
Small dividend — 0.74% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
-27.9%
Dividend cut (-27.9% YoY) — warning sign

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