27.38 USD
-0.32 (-1.16%)
27.38 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to FMAO. FMAO was compared to 385 industry peers in the Banks industry. Both the profitability and financial health of FMAO have multiple concerns. FMAO is not priced too expensively while it is growing strongly. Keep and eye on this one! 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.
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
The Return On Assets of FMAO (0.92%) is comparable to the rest of the industry.
FMAO's Return On Equity of 8.65% is in line compared to the rest of the industry. FMAO outperforms 48.57% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
FMAO's Profit Margin of 27.02% is fine compared to the rest of the industry. FMAO outperforms 65.97% of its industry peers.
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) | 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
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
FMAO has more shares outstanding than it did 5 years ago.
FMAO has a better debt/assets ratio than last year.
2.2 Solvency
FMAO has a debt to FCF ratio of 2.45. This is a good value and a sign of high solvency as FMAO would need 2.45 years to pay back of all of its debts.
FMAO has a Debt to FCF ratio (2.45) which is comparable to the rest of the industry.
FMAO has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
FMAO has a Debt to Equity ratio (0.16) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.45 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.18%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FMAO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.47%, which is quite impressive.
The Earnings Per Share has been growing slightly by 3.37% on average over the past years.
FMAO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.60%.
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)17.6%
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 13.93% on average per year.
The Revenue is expected to grow by 13.81% on average over the next years. This is quite good.
EPS Next Y27.77%
EPS Next 2Y18.22%
EPS Next 3Y13.93%
EPS Next 5YN/A
Revenue Next Year23.18%
Revenue Next 2Y14.74%
Revenue Next 3Y13.81%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.80, the valuation of FMAO can be described as reasonable.
62.08% of the companies in the same industry are more expensive than FMAO, based on the Price/Earnings ratio.
FMAO is valuated cheaply when we compare the Price/Earnings ratio to 26.43, which is the current average of the S&P500 Index.
FMAO is valuated reasonably with a Price/Forward Earnings ratio of 10.31.
The rest of the industry has a similar Price/Forward Earnings ratio as FMAO.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.66, FMAO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 10.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMAO indicates a slightly more expensive valuation: FMAO is more expensive than 65.45% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.04 | ||
| 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.
A more expensive valuation may be justified as FMAO's earnings are expected to grow with 13.93% in the coming years.
PEG (NY)0.43
PEG (5Y)3.5
EPS Next 2Y18.22%
EPS Next 3Y13.93%
5. Dividend
5.1 Amount
FMAO has a Yearly Dividend Yield of 3.40%.
Compared to an average industry Dividend Yield of 2.70, FMAO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, FMAO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.4% |
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
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, but earnings are growing more, so the dividend growth is sustainable.
DP38.31%
EPS Next 2Y18.22%
EPS Next 3Y13.93%
27.38
-0.32 (-1.16%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners27.74%
Inst Owner Change1.86%
Ins Owners7.06%
Ins Owner Change0.38%
Market Cap376.48M
Revenue(TTM)115.85M
Net Income(TTM)31.31M
Analysts47.5
Price Target26.69 (-2.52%)
Short Float %0.76%
Short Ratio4.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.4% |
Yearly Dividend0.87
Dividend Growth(5Y)6.96%
DP38.31%
Div Incr Years15
Div Non Decr Years15
Ex-Date
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)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.94%
EPS NY rev (1m)1.28%
EPS NY rev (3m)8.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.64%
Revenue NY rev (1m)5.38%
Revenue NY rev (3m)11.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 10.31 | ||
| P/S | 3.25 | ||
| P/FCF | 16.04 | ||
| P/OCF | 14.6 | ||
| P/B | 1.04 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.32
EY8.47%
EPS(NY)2.66
Fwd EY9.7%
FCF(TTM)1.71
FCFY6.24%
OCF(TTM)1.88
OCFY6.85%
SpS8.43
BVpS26.31
TBVpS19.63
PEG (NY)0.43
PEG (5Y)3.5
Graham Number37.06
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC14.18%
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 Y27.77%
EPS Next 2Y18.22%
EPS Next 3Y13.93%
EPS Next 5YN/A
Revenue 1Y (TTM)17.6%
Revenue growth 3Y5.24%
Revenue growth 5Y9.23%
Sales Q2Q%5.35%
Revenue Next Year23.18%
Revenue Next 2Y14.74%
Revenue Next 3Y13.81%
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 4 / 10 to FMAO.
What is the valuation status of FARMERS & MERCHANTS BANCO/OH (FMAO) stock?
ChartMill assigns a valuation rating of 5 / 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 27.77% in the next year.