Farmers & Merchants Bancorp, Inc. (FMAO)

FMAO Statistics

Total Valuation

FMAO has a market cap or net worth of $314.45 million. The enterprise value is $450.11 million.

Market Cap	314.45M
Enterprise Value	450.11M

Important Dates

The next estimated earnings date is Wednesday, April 30, 2025, after market close.

Earnings Date	Apr 30, 2025
Ex-Dividend Date	Apr 4, 2025

Share Statistics

FMAO has 13.54 million shares outstanding. The number of shares has decreased by -0.55% in one year.

Current Share Class	13.54M
Shares Outstanding	13.54M
Shares Change (YoY)	-0.55%
Shares Change (QoQ)	+1.27%
Owned by Insiders (%)	8.98%
Owned by Institutions (%)	27.65%
Float	12.33M

Valuation Ratios

The trailing PE ratio is 12.25 and the forward PE ratio is 12.55.

PE Ratio	12.25
Forward PE	12.55
PS Ratio	3.08
Forward PS	3.24
PB Ratio	0.94
P/TBV Ratio	1.26
P/FCF Ratio	10.28
P/OCF Ratio	9.68
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	17.70
EV / Sales	4.45
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	14.71

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	10.28
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 7.96%.

Return on Equity (ROE)	7.96%
Return on Assets (ROA)	0.78%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$213,930
Profits Per Employee	$53,770
Employee Count	473
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, FMAO has paid $6.64 million in taxes.

Income Tax	6.64M
Effective Tax Rate	20.37%

Stock Price Statistics

The stock price has increased by +10.15% in the last 52 weeks. The beta is 0.76, so FMAO's price volatility has been lower than the market average.

Beta (5Y)	0.76
52-Week Price Change	+10.15%
50-Day Moving Average	24.05
200-Day Moving Average	26.87
Relative Strength Index (RSI)	50.74
Average Volume (20 Days)	20,118

Short Selling Information

The latest short interest is 90,312, so 0.67% of the outstanding shares have been sold short.

Short Interest	90,312
Short Previous Month	103,494
Short % of Shares Out	0.67%
Short % of Float	0.73%
Short Ratio (days to cover)	5.98

Income Statement

In the last 12 months, FMAO had revenue of $101.19 million and earned $25.43 million in profits. Earnings per share was $1.90.

Revenue	101.19M
Gross Profit	101.19M
Operating Income	37.21M
Pretax Income	26.71M
Net Income	25.43M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$1.90

Balance Sheet

The company has $178.83 million in cash and $314.50 million in debt, giving a net cash position of -$135.66 million or -$10.02 per share.

Cash & Cash Equivalents	178.83M
Total Debt	314.50M
Net Cash	-135.66M
Net Cash Per Share	-$10.02
Equity (Book Value)	335.21M
Book Value Per Share	24.75
Working Capital	-2.59B

Cash Flow

In the last 12 months, operating cash flow was $32.47 million and capital expenditures -$1.87 million, giving a free cash flow of $30.60 million.

Operating Cash Flow	32.47M
Capital Expenditures	-1.87M
Free Cash Flow	30.60M
FCF Per Share	$2.26

Margins

Gross Margin	n/a
Operating Margin	36.77%
Pretax Margin	32.19%
Profit Margin	25.63%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	30.24%

Dividends & Yields

This stock pays an annual dividend of $0.89, which amounts to a dividend yield of 3.81%.

Dividend Per Share	$0.89
Dividend Yield	3.81%
Dividend Growth (YoY)	2.76%
Years of Dividend Growth	10
Payout Ratio	46.69%
Buyback Yield	0.55%
Shareholder Yield	4.36%
Earnings Yield	8.09%
FCF Yield	9.73%

Analyst Forecast

The average price target for FMAO is $26.00, which is 11.97% higher than the current price. The consensus rating is "Hold".

Price Target	$26.00
Price Target Difference	11.97%
Analyst Consensus	Hold
Analyst Count	1
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

The last stock split was on September 21, 2017. It was a forward split with a ratio of 2:1.

Last Split Date	Sep 21, 2017
Split Type	Forward
Split Ratio	2:1

Scores

Altman Z-Score	n/a
Piotroski F-Score	4