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FARMERS NATL BANC CORP (FMNB) Stock Fundamental Analysis

NASDAQ:FMNB - Nasdaq - US3096271073 - Common Stock

13.3  -0.21 (-1.55%)

Fundamental Rating

4

Overall FMNB gets a fundamental rating of 4 out of 10. We evaluated FMNB against 405 industry peers in the Banks industry. There are concerns on the financial health of FMNB while its profitability can be described as average. FMNB is valued correctly, but it does not seem to be growing. Finally FMNB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year FMNB was profitable.
FMNB had a positive operating cash flow in the past year.
FMNB had positive earnings in each of the past 5 years.
In the past 5 years FMNB always reported a positive cash flow from operatings.
FMNB Yearly Net Income VS EBIT VS OCF VS FCFFMNB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

1.2 Ratios

With a decent Return On Assets value of 0.88%, FMNB is doing good in the industry, outperforming 60.55% of the companies in the same industry.
FMNB's Return On Equity of 10.49% is fine compared to the rest of the industry. FMNB outperforms 77.39% of its industry peers.
Industry RankSector Rank
ROA 0.88%
ROE 10.49%
ROIC N/A
ROA(3y)1.24%
ROA(5y)1.31%
ROE(3y)14.68%
ROE(5y)13.59%
ROIC(3y)N/A
ROIC(5y)N/A
FMNB Yearly ROA, ROE, ROICFMNB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 26.99%, FMNB is in the better half of the industry, outperforming 71.86% of the companies in the same industry.
In the last couple of years the Profit Margin of FMNB has declined.
FMNB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 26.99%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.23%
PM growth 5Y-2.38%
GM growth 3YN/A
GM growth 5YN/A
FMNB Yearly Profit, Operating, Gross MarginsFMNB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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3

2. Health

2.1 Basic Checks

FMNB does not have a ROIC to compare to the WACC, probably because it is not profitable.
FMNB has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FMNB has more shares outstanding
FMNB has a better debt/assets ratio than last year.
FMNB Yearly Shares OutstandingFMNB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
FMNB Yearly Total Debt VS Total AssetsFMNB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

FMNB has a debt to FCF ratio of 1.48. This is a very positive value and a sign of high solvency as it would only need 1.48 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.48, FMNB is doing good in the industry, outperforming 67.84% of the companies in the same industry.
FMNB has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
FMNB has a Debt to Equity ratio of 0.20. This is comparable to the rest of the industry: FMNB outperforms 49.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.48
Altman-Z N/A
ROIC/WACCN/A
WACC14.05%
FMNB Yearly LT Debt VS Equity VS FCFFMNB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FMNB Yearly Current Assets VS Current LiabilitesFMNB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2022 2023 50M 100M 150M 200M

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3

3. Growth

3.1 Past

FMNB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.56%.
Measured over the past 5 years, FMNB shows a small growth in Earnings Per Share. The EPS has been growing by 7.25% on average per year.
Looking at the last year, FMNB shows a decrease in Revenue. The Revenue has decreased by -0.80% in the last year.
The Revenue has been growing by 11.55% on average over the past years. This is quite good.
EPS 1Y (TTM)-21.56%
EPS 3Y4.14%
EPS 5Y7.25%
EPS Q2Q%-42.5%
Revenue 1Y (TTM)-0.8%
Revenue growth 3Y10.71%
Revenue growth 5Y11.55%
Sales Q2Q%1.42%

3.2 Future

Based on estimates for the next years, FMNB will show a decrease in Earnings Per Share. The EPS will decrease by -1.54% on average per year.
Based on estimates for the next years, FMNB will show a small growth in Revenue. The Revenue will grow by 2.37% on average per year.
EPS Next Y-24.42%
EPS Next 2Y-6.04%
EPS Next 3Y-1.54%
EPS Next 5YN/A
Revenue Next Year-3.41%
Revenue Next 2Y1.17%
Revenue Next 3Y2.37%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FMNB Yearly Revenue VS EstimatesFMNB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
FMNB Yearly EPS VS EstimatesFMNB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 10.15, the valuation of FMNB can be described as very reasonable.
83.17% of the companies in the same industry are more expensive than FMNB, based on the Price/Earnings ratio.
FMNB is valuated cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.08, the valuation of FMNB can be described as reasonable.
82.91% of the companies in the same industry are more expensive than FMNB, based on the Price/Forward Earnings ratio.
FMNB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.44.
Industry RankSector Rank
PE 10.15
Fwd PE 9.08
FMNB Price Earnings VS Forward Price EarningsFMNB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

FMNB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FMNB is cheaper than 77.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.61
EV/EBITDA N/A
FMNB Per share dataFMNB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.4
EPS Next 2Y-6.04%
EPS Next 3Y-1.54%

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8

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.13%, FMNB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.22, FMNB pays a better dividend. On top of this FMNB pays more dividend than 91.71% of the companies listed in the same industry.
FMNB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 5.13%

5.2 History

The dividend of FMNB is nicely growing with an annual growth rate of 18.71%!
FMNB has paid a dividend for at least 10 years, which is a reliable track record.
FMNB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)18.71%
Div Incr Years8
Div Non Decr Years13
FMNB Yearly Dividends per shareFMNB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

FMNB pays out 55.00% of its income as dividend. This is a bit on the high side, but may be sustainable.
FMNB's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP55%
EPS Next 2Y-6.04%
EPS Next 3Y-1.54%
FMNB Yearly Income VS Free CF VS DividendFMNB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
FMNB Dividend Payout.FMNB Dividend Payout, showing the Payout Ratio.FMNB Dividend Payout.PayoutRetained Earnings

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FARMERS NATL BANC CORP

NASDAQ:FMNB (1/22/2025, 11:45:24 AM)

13.3

-0.21 (-1.55%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-23 2024-10-23/bmo
Earnings (Next)01-23 2025-01-23/amc
Inst Owners38.26%
Inst Owner Change0.45%
Ins Owners4.02%
Ins Owner Change0.74%
Market Cap499.95M
Analysts77.78
Price Target17 (27.82%)
Short Float %1.04%
Short Ratio4.07
Dividend
Industry RankSector Rank
Dividend Yield 5.13%
Yearly Dividend0.71
Dividend Growth(5Y)18.71%
DP55%
Div Incr Years8
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.65%
Min EPS beat(2)-34.64%
Max EPS beat(2)-0.66%
EPS beat(4)2
Avg EPS beat(4)-4.66%
Min EPS beat(4)-34.64%
Max EPS beat(4)14.63%
EPS beat(8)4
Avg EPS beat(8)-0.88%
EPS beat(12)5
Avg EPS beat(12)-3.66%
EPS beat(16)9
Avg EPS beat(16)2.6%
Revenue beat(2)0
Avg Revenue beat(2)-2.39%
Min Revenue beat(2)-3.3%
Max Revenue beat(2)-1.48%
Revenue beat(4)1
Avg Revenue beat(4)-3.37%
Min Revenue beat(4)-9.74%
Max Revenue beat(4)1.05%
Revenue beat(8)1
Avg Revenue beat(8)-4.6%
Revenue beat(12)1
Avg Revenue beat(12)-4.38%
Revenue beat(16)3
Avg Revenue beat(16)-3.06%
PT rev (1m)0%
PT rev (3m)-4.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-10.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.37%
Valuation
Industry RankSector Rank
PE 10.15
Fwd PE 9.08
P/S 2.93
P/FCF 8.61
P/OCF 7.44
P/B 1.14
P/tB 1.99
EV/EBITDA N/A
EPS(TTM)1.31
EY9.85%
EPS(NY)1.47
Fwd EY11.02%
FCF(TTM)1.55
FCFY11.62%
OCF(TTM)1.79
OCFY13.45%
SpS4.55
BVpS11.7
TBVpS6.69
PEG (NY)N/A
PEG (5Y)1.4
Profitability
Industry RankSector Rank
ROA 0.88%
ROE 10.49%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26.99%
GM N/A
FCFM 33.98%
ROA(3y)1.24%
ROA(5y)1.31%
ROE(3y)14.68%
ROE(5y)13.59%
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-4.23%
PM growth 5Y-2.38%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.48
Debt/EBITDA N/A
Cap/Depr 148.68%
Cap/Sales 5.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 125.9%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC14.05%
ROIC/WACCN/A
Cap/Depr(3y)68.13%
Cap/Depr(5y)74.88%
Cap/Sales(3y)2.18%
Cap/Sales(5y)2.13%
Profit Quality(3y)116.47%
Profit Quality(5y)112.37%
High Growth Momentum
Growth
EPS 1Y (TTM)-21.56%
EPS 3Y4.14%
EPS 5Y7.25%
EPS Q2Q%-42.5%
EPS Next Y-24.42%
EPS Next 2Y-6.04%
EPS Next 3Y-1.54%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.8%
Revenue growth 3Y10.71%
Revenue growth 5Y11.55%
Sales Q2Q%1.42%
Revenue Next Year-3.41%
Revenue Next 2Y1.17%
Revenue Next 3Y2.37%
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 1Y-18.66%
FCF growth 3Y8.8%
FCF growth 5Y8.81%
OCF growth 1Y-12.79%
OCF growth 3Y8.29%
OCF growth 5Y9.96%