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FARMERS NATL BANC CORP (FMNB) Stock Fundamental Analysis

NASDAQ:FMNB - Nasdaq - US3096271073 - Common Stock - Currency: USD

14.32  -0.15 (-1.04%)

After market: 14.32 0 (0%)

Fundamental Rating

4

Taking everything into account, FMNB scores 4 out of 10 in our fundamental rating. FMNB was compared to 405 industry peers in the Banks industry. FMNB may be in some trouble as it scores bad on both profitability and health. FMNB is not valued too expensively and it also shows a decent growth rate. FMNB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FMNB was profitable.
In the past year FMNB had a positive cash flow from operations.
In the past 5 years FMNB has always been profitable.
Of the past 5 years FMNB 4 years had a positive operating cash flow.
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 2024 20M 40M 60M 80M

1.2 Ratios

The Return On Assets of FMNB (0.88%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 10.49%, FMNB is in the better half of the industry, outperforming 77.19% of the companies in the same industry.
Industry RankSector Rank
ROA 0.88%
ROE 10.49%
ROIC N/A
ROA(3y)1.12%
ROA(5y)1.2%
ROE(3y)14.8%
ROE(5y)13.47%
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 2024 5 10 15 20

1.3 Margins

FMNB's Profit Margin of 26.99% is fine compared to the rest of the industry. FMNB outperforms 71.43% of its industry peers.
In the last couple of years the Profit Margin of FMNB has declined.
The Operating Margin and Gross Margin are not available for FMNB so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 26.99%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-8.64%
PM growth 5Y-3.59%
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 2024 10 20 30

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2

2. Health

2.1 Basic Checks

FMNB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FMNB has been increased compared to 1 year ago.
FMNB has more shares outstanding than it did 5 years ago.
FMNB has a worse debt/assets ratio than last year.
FMNB Yearly Shares OutstandingFMNB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 1B 2B 3B 4B 5B

2.2 Solvency

The Debt to FCF ratio of FMNB is 1.48, which is an excellent value as it means it would take FMNB, only 1.48 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.48, FMNB is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that FMNB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.20, FMNB is in line with its industry, outperforming 50.13% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.48
Altman-Z N/A
ROIC/WACCN/A
WACC13.48%
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 2024 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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4

3. Growth

3.1 Past

The earnings per share for FMNB have decreased strongly by -22.29% in the last year.
Looking at the last year, FMNB shows a decrease in Revenue. The Revenue has decreased by -5.33% in the last year.
The Revenue has been growing by 9.03% on average over the past years. This is quite good.
EPS 1Y (TTM)-22.29%
EPS 3Y-12.26%
EPS 5Y0%
EPS Q2Q%-4.88%
Revenue 1Y (TTM)-5.33%
Revenue growth 3Y5.17%
Revenue growth 5Y9.03%
Sales Q2Q%-1.86%

3.2 Future

Based on estimates for the next years, FMNB will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.77% on average per year.
Based on estimates for the next years, FMNB will show a small growth in Revenue. The Revenue will grow by 4.82% on average per year.
EPS Next Y14.81%
EPS Next 2Y10.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.07%
Revenue Next 2Y4.82%
Revenue Next 3YN/A
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 accelerating.
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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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 11.10, the valuation of FMNB can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of FMNB indicates a somewhat cheap valuation: FMNB is cheaper than 71.43% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.62. FMNB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.67, the valuation of FMNB can be described as reasonable.
75.69% of the companies in the same industry are more expensive than FMNB, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FMNB to the average of the S&P500 Index (22.70), we can say FMNB is valued rather cheaply.
Industry RankSector Rank
PE 11.1
Fwd PE 9.67
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 75.44% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.27
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

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y10.77%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

FMNB has a Yearly Dividend Yield of 4.70%, which is a nice return.
Compared to an average industry Dividend Yield of 3.19, FMNB pays a better dividend. On top of this FMNB pays more dividend than 88.97% 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 2.27.
Industry RankSector Rank
Dividend Yield 4.7%

5.2 History

The dividend of FMNB is nicely growing with an annual growth rate of 18.71%!
FMNB has been paying a dividend for at least 10 years, so it has a reliable track record.
FMNB has not decreased their dividend for at least 10 years, which is a reliable track record.
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

55.00% of the earnings are spent on dividend by FMNB. This is a bit on the high side, but may be sustainable.
FMNB's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP55%
EPS Next 2Y10.77%
EPS Next 3YN/A
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 2024 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 (2/21/2025, 8:19:11 PM)

After market: 14.32 0 (0%)

14.32

-0.15 (-1.04%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29 2025-01-29/bmo
Earnings (Next)04-22 2025-04-22/bmo
Inst Owners40.96%
Inst Owner Change-93.12%
Ins Owners3.81%
Ins Owner Change0.35%
Market Cap538.29M
Analysts77.78
Price Target16.32 (13.97%)
Short Float %0.71%
Short Ratio2.99
Dividend
Industry RankSector Rank
Dividend Yield 4.7%
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)-4%
PT rev (3m)-3.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.07%
EPS NY rev (3m)1.89%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)-0.84%
Revenue NY rev (3m)-0.81%
Valuation
Industry RankSector Rank
PE 11.1
Fwd PE 9.67
P/S 3.15
P/FCF 9.27
P/OCF 8.01
P/B 1.22
P/tB 2.14
EV/EBITDA N/A
EPS(TTM)1.29
EY9.01%
EPS(NY)1.48
Fwd EY10.34%
FCF(TTM)1.55
FCFY10.79%
OCF(TTM)1.79
OCFY12.49%
SpS4.55
BVpS11.7
TBVpS6.69
PEG (NY)0.75
PEG (5Y)N/A
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)1.12%
ROA(5y)1.2%
ROE(3y)14.8%
ROE(5y)13.47%
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-8.64%
PM growth 5Y-3.59%
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
WACC13.48%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-22.29%
EPS 3Y-12.26%
EPS 5Y0%
EPS Q2Q%-4.88%
EPS Next Y14.81%
EPS Next 2Y10.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.33%
Revenue growth 3Y5.17%
Revenue growth 5Y9.03%
Sales Q2Q%-1.86%
Revenue Next Year5.07%
Revenue Next 2Y4.82%
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 1Y-13.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-3.99%
OCF growth 3YN/A
OCF growth 5YN/A