FARMERS & MERCHANTS BANCO/OH (FMAO) Stock Fundamental Analysis
NASDAQ:FMAO - Nasdaq - US30779N1054 - Common Stock - Currency: USD
Overall FMAO gets a fundamental rating of 3 out of 10. We evaluated FMAO against 398 industry peers in the Banks industry. FMAO may be in some trouble as it scores bad on both profitability and health. FMAO is valied quite expensively at the moment, while it does show a decent growth rate. FMAO also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FMAO was profitable.
In the past year FMAO had a positive cash flow from operations.
FMAO had positive earnings in each of the past 5 years.
FMAO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.76%, FMAO perfoms like the industry average, outperforming 43.97% of the companies in the same industry.
FMAO has a Return On Equity (7.59%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.76% | ||
| ROE | 7.59% | ||
| ROIC | N/A |
ROA(3y)0.84%
ROA(5y)0.89%
ROE(3y)8.5%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of FMAO (25.05%) is comparable to the rest of the industry.
FMAO's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for FMAO so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 25.05% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.17%
PM growth 5Y-2.22%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FMAO does not have a ROIC to compare to the WACC, probably because it is not profitable.
FMAO has more shares outstanding than it did 1 year ago.
The number of shares outstanding for FMAO has been increased compared to 5 years ago.
The debt/assets ratio for FMAO has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of FMAO is 2.03, which is a good value as it means it would take FMAO, 2.03 years of fcf income to pay off all of its debts.
FMAO has a Debt to FCF ratio of 2.03. This is comparable to the rest of the industry: FMAO outperforms 53.77% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that FMAO is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.19, FMAO perfoms like the industry average, outperforming 50.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.03 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.85%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FMAO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.77%, which is quite good.
FMAO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.37% yearly.
Looking at the last year, FMAO shows a small growth in Revenue. The Revenue has grown by 4.21% in the last year.
The Revenue has been growing by 9.23% on average over the past years. This is quite good.
EPS 1Y (TTM)13.77%
EPS 3Y-1.37%
EPS 5Y3.37%
EPS Q2Q%48.78%
Revenue 1Y (TTM)4.21%
Revenue growth 3Y5.24%
Revenue growth 5Y9.23%
Sales Q2Q%14.52%
3.2 Future
The Earnings Per Share is expected to grow by 4.20% on average over the next years.
Based on estimates for the next years, FMAO will show a small growth in Revenue. The Revenue will grow by 4.43% on average per year.
EPS Next Y-0.68%
EPS Next 2Y4.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.55%
Revenue Next 2Y4.43%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.27, which indicates a correct valuation of FMAO.
FMAO's Price/Earnings ratio is in line with the industry average.
FMAO is valuated cheaply when we compare the Price/Earnings ratio to 28.33, which is the current average of the S&P500 Index.
FMAO is valuated correctly with a Price/Forward Earnings ratio of 12.35.
Based on the Price/Forward Earnings ratio, FMAO is valued a bit more expensive than 65.83% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.37, FMAO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.27 | ||
| Fwd PE | 12.35 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as FMAO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.44 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)3.64
EPS Next 2Y4.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.91%, FMAO has a reasonable but not impressive dividend return.
FMAO's Dividend Yield is a higher than the industry average which is at 3.66.
FMAO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
5.2 History
The dividend of FMAO is nicely growing with an annual growth rate of 6.96%!
FMAO has paid a dividend for at least 10 years, which is a reliable track record.
FMAO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.96%
Div Incr Years14
Div Non Decr Years14
5.3 Sustainability
FMAO pays out 46.88% of its income as dividend. This is a bit on the high side, but may be sustainable.
FMAO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP46.88%
EPS Next 2Y4.2%
EPS Next 3YN/A
NASDAQ:FMAO (4/23/2025, 3:55:54 PM)
23.31
+0.32 (+1.39%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners27.72%
Inst Owner Change0.48%
Ins Owners6.58%
Ins Owner Change1.26%
Market Cap319.35M
Analysts48.89
Price Target28.94 (24.15%)
Short Float %0.75%
Short Ratio5.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
Yearly Dividend0.87
Dividend Growth(5Y)6.96%
DP46.88%
Div Incr Years14
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.71%
Min EPS beat(2)15.48%
Max EPS beat(2)23.95%
EPS beat(4)4
Avg EPS beat(4)16.22%
Min EPS beat(4)10.29%
Max EPS beat(4)23.95%
EPS beat(8)5
Avg EPS beat(8)8.39%
EPS beat(12)7
Avg EPS beat(12)3.66%
EPS beat(16)8
Avg EPS beat(16)1.72%
Revenue beat(2)1
Avg Revenue beat(2)5.39%
Min Revenue beat(2)-7.16%
Max Revenue beat(2)17.93%
Revenue beat(4)3
Avg Revenue beat(4)3.52%
Min Revenue beat(4)-7.16%
Max Revenue beat(4)17.93%
Revenue beat(8)5
Avg Revenue beat(8)3.38%
Revenue beat(12)9
Avg Revenue beat(12)7.38%
Revenue beat(16)13
Avg Revenue beat(16)12.76%
PT rev (1m)-1.3%
PT rev (3m)-9.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.86%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.27 | ||
| Fwd PE | 12.35 | ||
| P/S | 3.15 | ||
| P/FCF | 10.44 | ||
| P/OCF | 9.83 | ||
| P/B | 0.95 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.9
EY8.15%
EPS(NY)1.89
Fwd EY8.1%
FCF(TTM)2.23
FCFY9.58%
OCF(TTM)2.37
OCFY10.17%
SpS7.41
BVpS24.47
TBVpS17.75
PEG (NY)N/A
PEG (5Y)3.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.76% | ||
| ROE | 7.59% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 25.05% | ||
| GM | N/A | ||
| FCFM | 30.14% |
ROA(3y)0.84%
ROA(5y)0.89%
ROE(3y)8.5%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.17%
PM growth 5Y-2.22%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.03 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 29.36% | ||
| Cap/Sales | 1.84% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 120.33% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC14.85%
ROIC/WACCN/A
Cap/Depr(3y)94.44%
Cap/Depr(5y)79.54%
Cap/Sales(3y)5.2%
Cap/Sales(5y)4.41%
Profit Quality(3y)96.11%
Profit Quality(5y)110.08%
High Growth Momentum
Growth
EPS 1Y (TTM)13.77%
EPS 3Y-1.37%
EPS 5Y3.37%
EPS Q2Q%48.78%
EPS Next Y-0.68%
EPS Next 2Y4.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.21%
Revenue growth 3Y5.24%
Revenue growth 5Y9.23%
Sales Q2Q%14.52%
Revenue Next Year2.55%
Revenue Next 2Y4.43%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y172.83%
FCF growth 3Y-2.25%
FCF growth 5Y8.43%
OCF growth 1Y46.64%
OCF growth 3Y-2.22%
OCF growth 5Y6.3%