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

NASDAQ:FMAO • US30779N1054

27.56 USD
-0.24 (-0.86%)
At close: Feb 19, 2026
27.56 USD
0 (0%)
After Hours: 2/19/2026, 8:00:50 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

FMAO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 381 industry peers in the Banks industry. Both the profitability and financial health of FMAO have multiple concerns. FMAO is valued correctly, but it does not seem to be growing. Finally FMAO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • FMAO had positive earnings in the past year.
  • In the past year FMAO had a positive cash flow from operations.
  • Of the past 5 years FMAO 4 years were profitable.
  • Of the past 5 years FMAO 4 years 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 10M 20M 30M 40M

1.2 Ratios

  • FMAO has a Return On Assets of 0.92%. This is comparable to the rest of the industry: FMAO outperforms 52.49% of its industry peers.
  • The Return On Equity of FMAO (8.65%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.92%
ROE 8.65%
ROIC N/A
ROA(3y)0.84%
ROA(5y)0.89%
ROE(3y)8.5%
ROE(5y)8.27%
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 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 27.02%, FMAO is in the better half of the industry, outperforming 64.83% of the companies in the same industry.
  • FMAO's Profit Margin has declined in the last couple of years.
  • FMAO 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) 27.02%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.17%
PM growth 5Y-2.22%
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 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • FMAO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for FMAO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FMAO Yearly Shares OutstandingFMAO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B

2.2 Solvency

  • The Debt to FCF ratio of FMAO is 2.45, which is a good value as it means it would take FMAO, 2.45 years of fcf income to pay off all of its debts.
  • FMAO has a Debt to FCF ratio (2.45) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.16 indicates that FMAO is not too dependend on debt financing.
  • FMAO's Debt to Equity ratio of 0.16 is in line compared to the rest of the industry. FMAO outperforms 52.49% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 2.45
Altman-Z N/A
ROIC/WACCN/A
WACC13.96%
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 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 20M 40M 60M

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

3

3. Growth

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.
  • Measured over the past 5 years, FMAO shows a small growth in Earnings Per Share. The EPS has been growing by 7.57% on average per year.
EPS 1Y (TTM)27.37%
EPS 3Y-0.54%
EPS 5Y7.57%
EPS Q2Q%16.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%21.64%

3.2 Future

  • FMAO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.76% yearly.
  • Based on estimates for the next years, FMAO will show a small growth in Revenue. The Revenue will grow by 7.69% on average per year.
EPS Next Y10.01%
EPS Next 2Y7.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.66%
Revenue Next 2Y7.69%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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 0.5 1 1.5 2 2.5

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.39, the valuation of FMAO can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of FMAO indicates a somewhat cheap valuation: FMAO is cheaper than 67.98% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.09. FMAO is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 10.35, the valuation of FMAO can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, FMAO is valued a bit cheaper than 61.94% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of FMAO to the average of the S&P500 Index (27.98), we can say FMAO is valued rather cheaply.
Industry RankSector Rank
PE 11.39
Fwd PE 10.35
FMAO Price Earnings VS Forward Price EarningsFMAO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, FMAO is valued a bit more expensive than 64.04% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.14
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.14
PEG (5Y)1.5
EPS Next 2Y7.76%
EPS Next 3YN/A

More info and screens

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

8

5. Dividend

5.1 Amount

  • FMAO has a Yearly Dividend Yield of 3.31%.
  • Compared to an average industry Dividend Yield of 2.78, 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 1.85.
Industry RankSector Rank
Dividend Yield 3.31%

5.2 History

  • The dividend of FMAO is nicely growing with an annual growth rate of 6.96%!
  • FMAO has paid a dividend for at least 10 years, which is a reliable track record.
  • FMAO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.96%
Div Incr Years15
Div Non Decr Years15
FMAO Yearly Dividends per shareFMAO 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

5.3 Sustainability

  • 38.31% of the earnings are spent on dividend by FMAO. This is a low number and sustainable payout ratio.
  • The dividend of FMAO is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP38.31%
EPS Next 2Y7.76%
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 10M 20M 30M
FMAO Dividend Payout.FMAO Dividend Payout, showing the Payout Ratio.FMAO Dividend Payout.PayoutRetained Earnings

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FARMERS & MERCHANTS BANCO/OH

NASDAQ:FMAO (2/19/2026, 8:00:50 PM)

After market: 27.56 0 (0%)

27.56

-0.24 (-0.86%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-12
Earnings (Next)04-27
Inst Owners27.76%
Inst Owner Change10.27%
Ins Owners7.06%
Ins Owner Change0.34%
Market Cap378.95M
Revenue(TTM)N/A
Net Income(TTM)31.31M
Analysts47.5
Price Target28.05 (1.78%)
Short Float %N/A
Short Ratio2.95
Dividend
Industry RankSector Rank
Dividend Yield 3.31%
Yearly Dividend0.87
Dividend Growth(5Y)6.96%
DP38.31%
Div Incr Years15
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.41%
Min EPS beat(2)5.75%
Max EPS beat(2)9.08%
EPS beat(4)4
Avg EPS beat(4)14.22%
Min EPS beat(4)5.75%
Max EPS beat(4)23.95%
EPS beat(8)8
Avg EPS beat(8)15.68%
EPS beat(12)8
Avg EPS beat(12)6.44%
EPS beat(16)11
Avg EPS beat(16)5.05%
Revenue beat(2)2
Avg Revenue beat(2)2.03%
Min Revenue beat(2)0.09%
Max Revenue beat(2)3.98%
Revenue beat(4)3
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-7.16%
Max Revenue beat(4)3.98%
Revenue beat(8)7
Avg Revenue beat(8)2.98%
Revenue beat(12)9
Avg Revenue beat(12)3.45%
Revenue beat(16)13
Avg Revenue beat(16)7.79%
PT rev (1m)1.85%
PT rev (3m)5.1%
EPS NQ rev (1m)-1.26%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)-0.21%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)-1.35%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)5.44%
Revenue NY rev (3m)11.12%
Valuation
Industry RankSector Rank
PE 11.39
Fwd PE 10.35
P/S 3.27
P/FCF 16.14
P/OCF 14.7
P/B 1.05
P/tB 1.4
EV/EBITDA N/A
EPS(TTM)2.42
EY8.78%
EPS(NY)2.66
Fwd EY9.66%
FCF(TTM)1.71
FCFY6.2%
OCF(TTM)1.88
OCFY6.8%
SpS8.43
BVpS26.31
TBVpS19.63
PEG (NY)1.14
PEG (5Y)1.5
Graham Number37.85
Profitability
Industry RankSector Rank
ROA 0.92%
ROE 8.65%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.02%
GM N/A
FCFM 20.26%
ROA(3y)0.84%
ROA(5y)0.89%
ROE(3y)8.5%
ROE(5y)8.27%
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-2.17%
PM growth 5Y-2.22%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 2.45
Debt/EBITDA N/A
Cap/Depr 34.52%
Cap/Sales 1.99%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 74.98%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC13.96%
ROIC/WACCN/A
Cap/Depr(3y)94.44%
Cap/Depr(5y)79.54%
Cap/Sales(3y)5.2%
Cap/Sales(5y)4.41%
Profit Quality(3y)96.11%
Profit Quality(5y)110.08%
High Growth Momentum
Growth
EPS 1Y (TTM)27.37%
EPS 3Y-0.54%
EPS 5Y7.57%
EPS Q2Q%16.39%
EPS Next Y10.01%
EPS Next 2Y7.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%21.64%
Revenue Next Year9.66%
Revenue Next 2Y7.69%
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 1Y15.25%
FCF growth 3Y-2.25%
FCF growth 5Y8.43%
OCF growth 1Y-14.78%
OCF growth 3Y-2.22%
OCF growth 5Y6.3%

FARMERS & MERCHANTS BANCO/OH / FMAO FAQ

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

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


What is the valuation status for FMAO stock?

ChartMill assigns a valuation rating of 4 / 10 to FARMERS & MERCHANTS BANCO/OH (FMAO). This can be considered as Fairly Valued.


Can you provide the profitability details for FARMERS & MERCHANTS BANCO/OH?

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


What is the valuation of FARMERS & MERCHANTS BANCO/OH based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FARMERS & MERCHANTS BANCO/OH (FMAO) is 11.39 and the Price/Book (PB) ratio is 1.05.


How financially healthy is FARMERS & MERCHANTS BANCO/OH?

The financial health rating of FARMERS & MERCHANTS BANCO/OH (FMAO) is 2 / 10.