Farmers & Merchants Bancorp, Inc. (FMAO)
NASDAQ: FMAO · Real-Time Price · USD
36.38
-0.50 (-1.36%)
At close: Nov 3, 2026, 4:00 PM EST
36.32
-0.07 (-0.18%)
After-hours: Nov 3, 2026, 4:10 PM EST

FMAO Statistics

Total Valuation

FMAO has a market cap or net worth of $494.63 million. The enterprise value is $506.37 million.

Market Cap494.63M
Enterprise Value 506.37M

Important Dates

The last earnings date was Thursday, October 22, 2026, after market close.

Earnings Date Oct 22, 2026
Ex-Dividend Date Oct 9, 2026

Share Statistics

FMAO has 13.60 million shares outstanding. The number of shares has increased by 1.13% in one year.

Current Share Class 13.60M
Shares Outstanding 13.60M
Shares Change (YoY) +1.13%
Shares Change (QoQ) +0.06%
Owned by Insiders (%) 3.08%
Owned by Institutions (%) 37.45%
Float 13.17M

Valuation Ratios

The trailing PE ratio is 11.73 and the forward PE ratio is 10.85.

PE Ratio 11.73
Forward PE 10.85
PS Ratio 3.73
Forward PS 3.99
PB Ratio 1.28
P/TBV Ratio 1.65
P/FCF Ratio 10.90
P/OCF Ratio 10.58
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 12.01
EV / Sales 3.82
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF 11.15

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 0.56
Debt / EBITDA n/a
Debt / FCF 4.80
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 11.41%.

Return on Equity (ROE) 11.41%
Return on Assets (ROA) 1.22%
Return on Invested Capital (ROIC) n/a
Return on Capital Employed (ROCE) n/a
Weighted Average Cost of Capital (WACC) 6.02%
Revenue Per Employee $272,539
Profits Per Employee $86,784
Employee Count486
Asset Turnover n/a
Inventory Turnover n/a

Taxes

In the past 12 months, FMAO has paid $11.44 million in taxes.

Income Tax 11.44M
Effective Tax Rate 21.13%

Stock Price Statistics

The stock price has increased by +52.22% in the last 52 weeks. The beta is 0.81, so FMAO's price volatility has been lower than the market average.

Beta (5Y) 0.81
52-Week Price Change +52.22%
50-Day Moving Average 35.27
200-Day Moving Average 30.15
Relative Strength Index (RSI) 55.77
Average Volume (20 Days) 55,224

Short Selling Information

The latest short interest is 214,193, so 1.58% of the outstanding shares have been sold short.

Short Interest 214,193
Short Previous Month 232,467
Short % of Shares Out 1.58%
Short % of Float 1.63%
Short Ratio (days to cover) 4.41

Income Statement

In the last 12 months, FMAO had revenue of $132.45 million and earned $42.18 million in profits. Earnings per share was $3.10.

Revenue132.45M
Gross Profit 132.45M
Operating Income 58.89M
Pretax Income 54.15M
Net Income 42.18M
EBITDA n/a
EBIT n/a
Earnings Per Share (EPS) $3.10
Full Income Statement

Balance Sheet

The company has $206.33 million in cash and $218.07 million in debt, with a net cash position of -$11.74 million or -$0.86 per share.

Cash & Cash Equivalents 206.33M
Total Debt 218.07M
Net Cash -11.74M
Net Cash Per Share -$0.86
Equity (Book Value) 386.93M
Book Value Per Share 28.46
Working Capital -2.77B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $46.74 million and capital expenditures -$1.34 million, giving a free cash flow of $45.40 million.

Operating Cash Flow 46.74M
Capital Expenditures -1.34M
Depreciation & Amortization n/a
Net Borrowing -27.57M
Free Cash Flow 45.40M
FCF Per Share $3.34
Full Cash Flow Statement

Margins

Gross Margin n/a
Operating Margin 44.46%
Pretax Margin 40.88%
Profit Margin 32.24%
EBITDA Margin n/a
EBIT Margin n/a
FCF Margin 34.27%

Dividends & Yields

This stock pays an annual dividend of $0.96, which amounts to a dividend yield of 2.64%.

Dividend Per Share $0.96
Dividend Yield 2.64%
Dividend Growth (YoY) 5.47%
Years of Dividend Growth 16
Payout Ratio 30.30%
FCF Payout Ratio 28.15%
Buyback Yield -1.13%
Shareholder Yield 1.51%
Earnings Yield 8.53%
FCF Yield 9.18%
Dividend Details

Analyst Forecast

The average price target for FMAO is $38.33, which is 5.36% higher than the current price. The consensus rating is "Hold".

Price Target $38.33
Price Target Difference 5.36%
Analyst Consensus Hold
Analyst Count 3
Revenue Growth Forecast (3Y) 8.94%
EPS Growth Forecast (3Y) 13.79%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

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