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AMES NATIONAL CORP (ATLO) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:ATLO - US0310011004 - Common Stock

23.44 USD
+0.49 (+2.14%)
Last: 1/8/2026, 8:27:06 PM
23.44 USD
0 (0%)
After Hours: 1/8/2026, 8:27:06 PM
Fundamental Rating

3

Taking everything into account, ATLO scores 3 out of 10 in our fundamental rating. ATLO was compared to 387 industry peers in the Banks industry. ATLO may be in some trouble as it scores bad on both profitability and health. ATLO is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

ATLO had positive earnings in the past year.
In the past year ATLO had a positive cash flow from operations.
ATLO had positive earnings in each of the past 5 years.
ATLO had a positive operating cash flow in each of the past 5 years.
ATLO Yearly Net Income VS EBIT VS OCF VS FCFATLO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

1.2 Ratios

ATLO has a Return On Assets of 0.76%. This is in the lower half of the industry: ATLO underperforms 61.76% of its industry peers.
ATLO has a Return On Equity (7.99%) which is in line with its industry peers.
Industry RankSector Rank
ROA 0.76%
ROE 7.99%
ROIC N/A
ROA(3y)0.63%
ROA(5y)0.79%
ROE(3y)8.44%
ROE(5y)9.16%
ROIC(3y)N/A
ROIC(5y)N/A
ATLO Yearly ROA, ROE, ROICATLO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

With a Profit Margin value of 25.48%, ATLO perfoms like the industry average, outperforming 58.66% of the companies in the same industry.
ATLO's Profit Margin has declined in the last couple of years.
ATLO 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) 25.48%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-19.65%
PM growth 5Y-10.19%
GM growth 3YN/A
GM growth 5YN/A
ATLO Yearly Profit, Operating, Gross MarginsATLO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

ATLO does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ATLO has been reduced compared to 1 year ago.
ATLO has less shares outstanding than it did 5 years ago.
The debt/assets ratio for ATLO has been reduced compared to a year ago.
ATLO Yearly Shares OutstandingATLO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
ATLO Yearly Total Debt VS Total AssetsATLO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

The Debt to FCF ratio of ATLO is 2.21, which is a good value as it means it would take ATLO, 2.21 years of fcf income to pay off all of its debts.
ATLO has a Debt to FCF ratio (2.21) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.21 indicates that ATLO is not too dependend on debt financing.
ATLO has a Debt to Equity ratio (0.21) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.21
Altman-Z N/A
ROIC/WACCN/A
WACC15.33%
ATLO Yearly LT Debt VS Equity VS FCFATLO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ATLO Yearly Current Assets VS Current LiabilitesATLO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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3

3. Growth

3.1 Past

ATLO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 82.63%, which is quite impressive.
The Earnings Per Share has been decreasing by -9.38% on average over the past years.
The Revenue has grown by 17.98% in the past year. This is quite good.
ATLO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.34% yearly.
EPS 1Y (TTM)82.63%
EPS 3Y-24.3%
EPS 5Y-9.38%
EPS Q2Q%107.87%
Revenue 1Y (TTM)17.98%
Revenue growth 3Y-6.26%
Revenue growth 5Y0.34%
Sales Q2Q%22.93%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ATLO Yearly Revenue VS EstimatesATLO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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2

4. Valuation

4.1 Price/Earnings Ratio

ATLO is valuated correctly with a Price/Earnings ratio of 13.02.
ATLO's Price/Earnings is on the same level as the industry average.
ATLO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.00.
Industry RankSector Rank
PE 13.02
Fwd PE N/A
ATLO Price Earnings VS Forward Price EarningsATLO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

ATLO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ATLO is cheaper than 61.76% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.77
EV/EBITDA N/A
ATLO Per share dataATLO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.48%, ATLO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.78, ATLO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, ATLO pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.48%

5.2 History

The dividend of ATLO has a limited annual growth rate of 1.30%.
ATLO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)1.3%
Div Incr Years0
Div Non Decr Years0
ATLO Yearly Dividends per shareATLO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

44.55% of the earnings are spent on dividend by ATLO. This is a bit on the high side, but may be sustainable.
DP44.55%
EPS Next 2YN/A
EPS Next 3YN/A
ATLO Yearly Income VS Free CF VS DividendATLO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
ATLO Dividend Payout.ATLO Dividend Payout, showing the Payout Ratio.ATLO Dividend Payout.PayoutRetained Earnings

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AMES NATIONAL CORP

NASDAQ:ATLO (1/8/2026, 8:27:06 PM)

After market: 23.44 0 (0%)

23.44

+0.49 (+2.14%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-16 2025-10-16
Earnings (Next)01-22 2026-01-22
Inst Owners33.43%
Inst Owner Change0%
Ins Owners1.39%
Ins Owner Change1%
Market Cap208.38M
Revenue(TTM)62.90M
Net Income(TTM)16.03M
Analysts0
Price TargetN/A
Short Float %1.31%
Short Ratio4.69
Dividend
Industry RankSector Rank
Dividend Yield 3.48%
Yearly Dividend1.01
Dividend Growth(5Y)1.3%
DP44.55%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 13.02
Fwd PE N/A
P/S 3.31
P/FCF 10.77
P/OCF 10.51
P/B 1.04
P/tB 1.11
EV/EBITDA N/A
EPS(TTM)1.8
EY7.68%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.18
FCFY9.28%
OCF(TTM)2.23
OCFY9.51%
SpS7.08
BVpS22.56
TBVpS21.07
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.23
Profitability
Industry RankSector Rank
ROA 0.76%
ROE 7.99%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 25.48%
GM N/A
FCFM 30.75%
ROA(3y)0.63%
ROA(5y)0.79%
ROE(3y)8.44%
ROE(5y)9.16%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-19.65%
PM growth 5Y-10.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.21
Debt/EBITDA N/A
Cap/Depr 29.2%
Cap/Sales 0.76%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 120.7%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC15.33%
ROIC/WACCN/A
Cap/Depr(3y)146.89%
Cap/Depr(5y)117.52%
Cap/Sales(3y)4.73%
Cap/Sales(5y)3.78%
Profit Quality(3y)121.52%
Profit Quality(5y)127.03%
High Growth Momentum
Growth
EPS 1Y (TTM)82.63%
EPS 3Y-24.3%
EPS 5Y-9.38%
EPS Q2Q%107.87%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.98%
Revenue growth 3Y-6.26%
Revenue growth 5Y0.34%
Sales Q2Q%22.93%
Revenue Next YearN/A
Revenue Next 2YN/A
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 1Y37.29%
FCF growth 3Y-21.19%
FCF growth 5Y-6.31%
OCF growth 1Y4.11%
OCF growth 3Y-22.29%
OCF growth 5Y-6.66%

AMES NATIONAL CORP / ATLO FAQ

Can you provide the ChartMill fundamental rating for AMES NATIONAL CORP?

ChartMill assigns a fundamental rating of 3 / 10 to ATLO.


Can you provide the valuation status for AMES NATIONAL CORP?

ChartMill assigns a valuation rating of 2 / 10 to AMES NATIONAL CORP (ATLO). This can be considered as Overvalued.


What is the profitability of ATLO stock?

AMES NATIONAL CORP (ATLO) has a profitability rating of 3 / 10.


What are the PE and PB ratios of AMES NATIONAL CORP (ATLO) stock?

The Price/Earnings (PE) ratio for AMES NATIONAL CORP (ATLO) is 13.02 and the Price/Book (PB) ratio is 1.04.


Is the dividend of AMES NATIONAL CORP sustainable?

The dividend rating of AMES NATIONAL CORP (ATLO) is 5 / 10 and the dividend payout ratio is 44.55%.