FARMERS & MERCHANTS BANCO/OH (FMAO) Fundamental Analysis & Valuation

NASDAQ:FMAO • US30779N1054

Current stock price

27.18 USD
-0.05 (-0.18%)
Last:

This FMAO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. FMAO Profitability Analysis

1.1 Basic Checks

  • In the past year FMAO was profitable.
  • FMAO had a positive operating cash flow in the past year.
  • FMAO had positive earnings in each of the past 5 years.
  • Each year in the past 5 years FMAO had a positive operating cash flow.
FMAO Yearly Net Income VS EBIT VS OCF VS FCFFMAO 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 2025 10M 20M 30M 40M

1.2 Ratios

  • FMAO has a Return On Assets (0.96%) which is in line with its industry peers.
  • The Return On Equity of FMAO (8.87%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.96%
ROE 8.87%
ROIC N/A
ROA(3y)0.8%
ROA(5y)0.87%
ROE(3y)7.86%
ROE(5y)8.44%
ROIC(3y)N/A
ROIC(5y)N/A
FMAO Yearly ROA, ROE, ROICFMAO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • With a decent Profit Margin value of 27.10%, FMAO is doing good in the industry, outperforming 60.21% of the companies in the same industry.
  • FMAO's Profit Margin has been stable in the last couple of years.
  • The Operating Margin and Gross Margin are not available for FMAO so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 27.1%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.87%
PM growth 5Y0.85%
GM growth 3YN/A
GM growth 5YN/A
FMAO Yearly Profit, Operating, Gross MarginsFMAO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. FMAO Health Analysis

2.1 Basic Checks

  • FMAO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, FMAO has more shares outstanding
  • FMAO has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, FMAO has a worse debt to assets ratio.
FMAO Yearly Shares OutstandingFMAO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M 10M
FMAO Yearly Total Debt VS Total AssetsFMAO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • FMAO has a debt to FCF ratio of 2.08. This is a good value and a sign of high solvency as FMAO would need 2.08 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.08, FMAO is in line with its industry, outperforming 46.15% of the companies in the same industry.
  • FMAO has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • FMAO's Debt to Equity ratio of 0.20 is in line compared to the rest of the industry. FMAO outperforms 42.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 2.08
Altman-Z N/A
ROIC/WACCN/A
WACC13.51%
FMAO Yearly LT Debt VS Equity VS FCFFMAO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FMAO Yearly Current Assets VS Current LiabilitesFMAO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. FMAO Growth Analysis

3.1 Past

  • FMAO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.37%, which is quite impressive.
  • FMAO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.57% yearly.
  • The Revenue has grown by 19.59% in the past year. This is quite good.
  • The Revenue has been growing by 9.65% on average over the past years. This is quite good.
EPS 1Y (TTM)27.37%
EPS 3Y-0.54%
EPS 5Y7.57%
EPS Q2Q%16.39%
Revenue 1Y (TTM)19.59%
Revenue growth 3Y5.88%
Revenue growth 5Y9.65%
Sales Q2Q%21.64%

3.2 Future

  • FMAO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.70% yearly.
  • Based on estimates for the next years, FMAO will show a quite strong growth in Revenue. The Revenue will grow by 8.43% on average per year.
EPS Next Y17.82%
EPS Next 2Y11.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.95%
Revenue Next 2Y8.43%
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 stable.
FMAO Yearly Revenue VS EstimatesFMAO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
FMAO Yearly EPS VS EstimatesFMAO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

More info and screens

Find the best growth stocksShow best growing peers

6

4. FMAO Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.23, the valuation of FMAO can be described as very reasonable.
  • Based on the Price/Earnings ratio, FMAO is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.86. FMAO is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 9.53, the valuation of FMAO can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, FMAO is valued a bit cheaper than 74.80% of the companies in the same industry.
  • FMAO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.39.
Industry RankSector Rank
PE 11.23
Fwd PE 9.53
FMAO Price Earnings VS Forward Price EarningsFMAO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 66.58% of the companies in the same industry are more expensive than FMAO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.69
EV/EBITDA N/A
FMAO Per share dataFMAO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • FMAO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.63
PEG (5Y)1.48
EPS Next 2Y11.7%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. FMAO Dividend Analysis

5.1 Amount

  • FMAO has a Yearly Dividend Yield of 3.37%.
  • FMAO's Dividend Yield is a higher than the industry average which is at 2.53.
  • Compared to an average S&P500 Dividend Yield of 1.82, FMAO pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.37%

5.2 History

  • The dividend of FMAO is nicely growing with an annual growth rate of 6.43%!
  • FMAO has paid a dividend for at least 10 years, which is a reliable track record.
  • FMAO has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.43%
Div Incr Years16
Div Non Decr Years16
FMAO Yearly Dividends per shareFMAO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 36.73% of the earnings are spent on dividend by FMAO. This is a low number and sustainable payout ratio.
  • The dividend of FMAO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP36.73%
EPS Next 2Y11.7%
EPS Next 3YN/A
FMAO Yearly Income VS Free CF VS DividendFMAO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
FMAO Dividend Payout.FMAO Dividend Payout, showing the Payout Ratio.FMAO Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

FMAO Fundamentals: All Metrics, Ratios and Statistics

FARMERS & MERCHANTS BANCO/OH

NASDAQ:FMAO (4/13/2026, 9:36:03 AM)

27.18

-0.05 (-0.18%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-12
Earnings (Next)04-22
Inst Owners33.66%
Inst Owner Change-3.45%
Ins Owners3.89%
Ins Owner Change1.46%
Market Cap373.73M
Revenue(TTM)121.43M
Net Income(TTM)32.90M
Analysts47.5
Price Target29.58 (8.83%)
Short Float %0.91%
Short Ratio3.08
Dividend
Industry RankSector Rank
Dividend Yield 3.37%
Yearly Dividend0.88
Dividend Growth(5Y)6.43%
DP36.73%
Div Incr Years16
Div Non Decr Years16
Ex-Date04-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.01%
Min EPS beat(2)5.75%
Max EPS beat(2)6.27%
EPS beat(4)4
Avg EPS beat(4)9.8%
Min EPS beat(4)5.75%
Max EPS beat(4)18.11%
EPS beat(8)8
Avg EPS beat(8)13.01%
EPS beat(12)9
Avg EPS beat(12)8.86%
EPS beat(16)11
Avg EPS beat(16)5.2%
Revenue beat(2)1
Avg Revenue beat(2)-3.49%
Min Revenue beat(2)-7.08%
Max Revenue beat(2)0.09%
Revenue beat(4)3
Avg Revenue beat(4)-0.11%
Min Revenue beat(4)-7.08%
Max Revenue beat(4)3.98%
Revenue beat(8)6
Avg Revenue beat(8)1.71%
Revenue beat(12)8
Avg Revenue beat(12)2.22%
Revenue beat(16)12
Avg Revenue beat(16)5.51%
PT rev (1m)1.75%
PT rev (3m)7.41%
EPS NQ rev (1m)3.55%
EPS NQ rev (3m)10.27%
EPS NY rev (1m)3.15%
EPS NY rev (3m)7.38%
Revenue NQ rev (1m)1.34%
Revenue NQ rev (3m)1.57%
Revenue NY rev (1m)1.18%
Revenue NY rev (3m)1.87%
Valuation
Industry RankSector Rank
PE 11.23
Fwd PE 9.53
P/S 3.08
P/FCF 10.69
P/OCF 10.17
P/B 1.01
P/tB 1.34
EV/EBITDA N/A
EPS(TTM)2.42
EY8.9%
EPS(NY)2.85
Fwd EY10.49%
FCF(TTM)2.54
FCFY9.36%
OCF(TTM)2.67
OCFY9.83%
SpS8.83
BVpS26.97
TBVpS20.31
PEG (NY)0.63
PEG (5Y)1.48
Graham Number38.32
Profitability
Industry RankSector Rank
ROA 0.96%
ROE 8.87%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.1%
GM N/A
FCFM 28.8%
ROA(3y)0.8%
ROA(5y)0.87%
ROE(3y)7.86%
ROE(5y)8.44%
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-4.87%
PM growth 5Y0.85%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 2.08
Debt/EBITDA N/A
Cap/Depr 25.29%
Cap/Sales 1.46%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 106.29%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC13.51%
ROIC/WACCN/A
Cap/Depr(3y)81.31%
Cap/Depr(5y)69.62%
Cap/Sales(3y)4.84%
Cap/Sales(5y)3.86%
Profit Quality(3y)92.13%
Profit Quality(5y)107.05%
High Growth Momentum
Growth
EPS 1Y (TTM)27.37%
EPS 3Y-0.54%
EPS 5Y7.57%
EPS Q2Q%16.39%
EPS Next Y17.82%
EPS Next 2Y11.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.59%
Revenue growth 3Y5.88%
Revenue growth 5Y9.65%
Sales Q2Q%21.64%
Revenue Next Year10.95%
Revenue Next 2Y8.43%
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 1Y14.28%
FCF growth 3Y-2.79%
FCF growth 5Y7.68%
OCF growth 1Y13.13%
OCF growth 3Y-3.33%
OCF growth 5Y6.06%

FARMERS & MERCHANTS BANCO/OH / FMAO Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FARMERS & MERCHANTS BANCO/OH?

ChartMill assigns a fundamental rating of 4 / 10 to FMAO.


What is the valuation status for FMAO stock?

ChartMill assigns a valuation rating of 6 / 10 to FARMERS & MERCHANTS BANCO/OH (FMAO). This can be considered as Fairly Valued.


What is the profitability of FMAO stock?

FARMERS & MERCHANTS BANCO/OH (FMAO) has a profitability rating of 3 / 10.


Can you provide the expected EPS growth for FMAO stock?

The Earnings per Share (EPS) of FARMERS & MERCHANTS BANCO/OH (FMAO) is expected to grow by 17.82% in the next year.


Is the dividend of FARMERS & MERCHANTS BANCO/OH sustainable?

The dividend rating of FARMERS & MERCHANTS BANCO/OH (FMAO) is 8 / 10 and the dividend payout ratio is 36.73%.