Founded 103 years ago, Snap-on (NYSE: SNA) has grown to become a vertically integrated behemoth selling tools, equipment, diagnostics, and repair solutions, primarily to automotive and industrial shops.

The mission-critical nature of Snap-on's tools and its leadership position within its niche have combined to deliver total returns of around 11,500% since its initial public offering in 1972. The company has returned over 1,800%, since 2000, nearly quadrupling the S&P 500 index's total returns.

Remarkably, despite this run, Snap-on's slow-and-steady growth potential remains as promising as ever -- yet the company's valuation remains well below market averages. Here's the case for buying and holding this multibagger forever at today's attractive prices.

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Source Fool.com