FARMERS & MERCHANTS BANCO/OH (FMAO)
US30779N1054 - Common Stock
FMAO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 412 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.
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.
1.2 Ratios
FMAO has a Return On Assets of 0.69%. This is in the lower half of the industry: FMAO underperforms 65.53% of its industry peers.
The Return On Equity of FMAO (7.12%) is worse than 67.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 7.12% | ||
| ROIC | N/A |
ROA(3y)0.88%
ROA(5y)0.96%
ROE(3y)8.59%
ROE(5y)8.34%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 23.13%, FMAO perfoms like the industry average, outperforming 46.36% of the companies in the same industry.
In the last couple of years the Profit Margin of FMAO has declined.
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) | 23.13% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.8%
PM growth 5Y-4.51%
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.
The number of shares outstanding for FMAO has been increased compared to 1 year ago.
FMAO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FMAO has an improved debt to assets ratio.
2.2 Solvency
FMAO has a debt to FCF ratio of 5.61. This is a neutral value as FMAO would need 5.61 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.61, FMAO is doing worse than 69.42% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that FMAO is not too dependend on debt financing.
FMAO has a Debt to Equity ratio (0.20) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 5.61 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.91%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for FMAO have decreased strongly by -32.11% in the last year.
FMAO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.12% yearly.
FMAO shows a decrease in Revenue. In the last year, the revenue decreased by -4.77%.
FMAO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.91% yearly.
EPS 1Y (TTM)-32.11%
EPS 3Y-0.2%
EPS 5Y-0.12%
EPS growth Q2Q-22.64%
Revenue 1Y (TTM)-4.77%
Revenue growth 3Y8.35%
Revenue growth 5Y13.91%
Revenue growth Q2Q-10.63%
3.2 Future
FMAO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.58% yearly.
The Revenue is expected to grow by 16.23% on average over the next years. This is quite good.
EPS Next Y-8.79%
EPS Next 2Y3.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year22.18%
Revenue Next 2Y16.23%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.05, which indicates a correct valuation of FMAO.
72.57% of the companies in the same industry are cheaper than FMAO, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.28. FMAO is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 14.31, the valuation of FMAO can be described as correct.
Based on the Price/Forward Earnings ratio, FMAO is valued a bit more expensive than the industry average as 70.87% of the companies are valued more cheaply.
FMAO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.05 | ||
| Fwd PE | 14.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMAO indicates a rather expensive valuation: FMAO more expensive than 80.58% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.54 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.58%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FMAO has a Yearly Dividend Yield of 4.01%, which is a nice return.
Compared to an average industry Dividend Yield of 3.78, FMAO pays a bit more dividend than its industry peers.
FMAO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
On average, the dividend of FMAO grows each year by 9.29%, which is quite nice.
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)9.29%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
50.29% of the earnings are spent on dividend by FMAO. 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.
DP50.29%
EPS Next 2Y3.58%
EPS Next 3YN/A
FARMERS & MERCHANTS BANCO/OH
NASDAQ:FMAO (5/3/2024, 7:00:00 PM)
After market: 21.79 0 (0%)21.79
-0.13 (-0.59%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap297.65M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.05 | ||
| Fwd PE | 14.31 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 7.12% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 23.13% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-32.11%
EPS 3Y-0.2%
EPS 5Y
EPS growth Q2Q
EPS Next Y-8.79%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-4.77%
Revenue growth 3Y8.35%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y