FARMERS & MERCHANTS BANCO/OH (FMAO) Stock Fundamental Analysis
USA - NASDAQ:FMAO - US30779N1054 - Common Stock
24.73 USD
-0.12 (-0.48%)
24.73 USD
0 (0%)
Overall FMAO gets a fundamental rating of 4 out of 10. We evaluated FMAO against 388 industry peers in the Banks industry. FMAO may be in some trouble as it scores bad on both profitability and health. FMAO is not overvalued while it is showing excellent growth. This is an interesting combination. Finally 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.
In the past 5 years FMAO has always been profitable.
In the past 5 years FMAO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FMAO (0.87%) is comparable to the rest of the industry.
FMAO has a Return On Equity (8.27%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.87% | ||
| ROE | 8.27% | ||
| 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
1.3 Margins
With a decent Profit Margin value of 26.33%, FMAO is doing good in the industry, outperforming 64.43% of the companies in the same industry.
In the last couple of years the Profit Margin of FMAO has declined.
FMAO does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 26.33% | ||
| 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
2. Health
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
Compared to 5 years ago, FMAO has more shares outstanding
Compared to 1 year ago, FMAO has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of FMAO is 1.99, which is an excellent value as it means it would take FMAO, only 1.99 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FMAO (1.99) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.18 indicates that FMAO is not too dependend on debt financing.
FMAO has a Debt to Equity ratio of 0.18. This is comparable to the rest of the industry: FMAO outperforms 49.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.99 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.47%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 36.47% over the past year.
The Earnings Per Share has been growing slightly by 3.37% on average over the past years.
Looking at the last year, FMAO shows a small growth in Revenue. The Revenue has grown by 4.20% in the last year.
FMAO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.23% yearly.
EPS 1Y (TTM)36.47%
EPS 3Y-1.37%
EPS 5Y3.37%
EPS Q2Q%33.33%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y5.24%
Revenue growth 5Y9.23%
Sales Q2Q%5.35%
3.2 Future
Based on estimates for the next years, FMAO will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.59% on average per year.
FMAO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.03% yearly.
EPS Next Y26.16%
EPS Next 2Y17.15%
EPS Next 3Y13.59%
EPS Next 5YN/A
Revenue Next Year16.89%
Revenue Next 2Y11.73%
Revenue Next 3Y14.03%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.66, the valuation of FMAO can be described as very reasonable.
FMAO's Price/Earnings ratio is a bit cheaper when compared to the industry. FMAO is cheaper than 63.92% of the companies in the same industry.
FMAO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.89.
Based on the Price/Forward Earnings ratio of 9.48, the valuation of FMAO can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as FMAO.
FMAO is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.66 | ||
| Fwd PE | 9.48 |
4.2 Price Multiples
60.05% of the companies in the same industry are more expensive than FMAO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.81 | ||
| EV/EBITDA | N/A |
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.
FMAO's earnings are expected to grow with 13.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.41
PEG (5Y)3.17
EPS Next 2Y17.15%
EPS Next 3Y13.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.66%, FMAO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.38, 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 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.96%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
FMAO pays out 41.25% of its income as dividend. This is a bit on the high side, but may be sustainable.
FMAO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP41.25%
EPS Next 2Y17.15%
EPS Next 3Y13.59%
24.73
-0.12 (-0.48%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners27.29%
Inst Owner Change0.08%
Ins Owners7.06%
Ins Owner Change1.25%
Market Cap339.30M
Revenue(TTM)101.53M
Net Income(TTM)29.00M
Analysts47.5
Price Target26.69 (7.93%)
Short Float %0.75%
Short Ratio4.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
Yearly Dividend0.87
Dividend Growth(5Y)6.96%
DP41.25%
Div Incr Years15
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.59%
Min EPS beat(2)9.08%
Max EPS beat(2)18.11%
EPS beat(4)4
Avg EPS beat(4)16.65%
Min EPS beat(4)9.08%
Max EPS beat(4)23.95%
EPS beat(8)7
Avg EPS beat(8)14.05%
EPS beat(12)7
Avg EPS beat(12)5.24%
EPS beat(16)10
Avg EPS beat(16)4.38%
Revenue beat(2)2
Avg Revenue beat(2)3.27%
Min Revenue beat(2)2.57%
Max Revenue beat(2)3.98%
Revenue beat(4)3
Avg Revenue beat(4)4.33%
Min Revenue beat(4)-7.16%
Max Revenue beat(4)17.93%
Revenue beat(8)6
Avg Revenue beat(8)2.8%
Revenue beat(12)9
Avg Revenue beat(12)4.54%
Revenue beat(16)13
Avg Revenue beat(16)9.86%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.54%
EPS NY rev (1m)3.52%
EPS NY rev (3m)11.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.28%
Revenue NY rev (1m)5.69%
Revenue NY rev (3m)10.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.66 | ||
| Fwd PE | 9.48 | ||
| P/S | 3.08 | ||
| P/FCF | 10.81 | ||
| P/OCF | 10.1 | ||
| P/B | 0.97 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.32
EY9.38%
EPS(NY)2.61
Fwd EY10.55%
FCF(TTM)2.29
FCFY9.25%
OCF(TTM)2.45
OCFY9.9%
SpS8.03
BVpS25.57
TBVpS18.85
PEG (NY)0.41
PEG (5Y)3.17
Graham Number36.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.87% | ||
| ROE | 8.27% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 26.33% | ||
| GM | N/A | ||
| FCFM | 28.51% |
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-Score9
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 1.99 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 34.32% | ||
| Cap/Sales | 1.98% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 108.27% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC14.47%
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)36.47%
EPS 3Y-1.37%
EPS 5Y3.37%
EPS Q2Q%33.33%
EPS Next Y26.16%
EPS Next 2Y17.15%
EPS Next 3Y13.59%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y5.24%
Revenue growth 5Y9.23%
Sales Q2Q%5.35%
Revenue Next Year16.89%
Revenue Next 2Y11.73%
Revenue Next 3Y14.03%
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 1Y77.81%
FCF growth 3Y-2.25%
FCF growth 5Y8.43%
OCF growth 1Y34.35%
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 4 / 10 to FMAO.
What is the valuation status of FARMERS & MERCHANTS BANCO/OH (FMAO) stock?
ChartMill assigns a valuation rating of 6 / 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.
Can you provide the financial health for FMAO stock?
The financial health rating of FARMERS & MERCHANTS BANCO/OH (FMAO) is 2 / 10.
What is the expected EPS growth for FARMERS & MERCHANTS BANCO/OH (FMAO) stock?
The Earnings per Share (EPS) of FARMERS & MERCHANTS BANCO/OH (FMAO) is expected to grow by 26.16% in the next year.