Farmers & Merchants Bancorp, Inc. Logo

Farmers & Merchants Bancorp, Inc.

FMAO

(2.8)
Stock Price

27,97 USD

0.78% ROA

7.41% ROE

12.63x PER

Market Cap.

308.992.782,00 USD

99.27% DER

3.76% Yield

18.98% NPM

Farmers & Merchants Bancorp, Inc. Stock Analysis

Farmers & Merchants Bancorp, Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Farmers & Merchants Bancorp, Inc. Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (0.89x), the stock offers substantial upside potential at a bargain price.

2 Assets Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

3 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

4 ROE

ROE in an average range (8.07%) suggests satisfactory profitability and decent utilization of shareholders' equity.

5 ROA

The stock's ROA (0.78%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 DER

The stock maintains a fair debt to equity ratio (99%), indicating a reasonable balance between the money it owes and the ownership it possesses.

7 Graham Number

The company's Graham number suggests that its stock price is underestimated, implying that it may present a compelling investment opportunity.

8 Buffet Intrinsic Value

The company's stock seems undervalued (87) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

9 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

10 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

Farmers & Merchants Bancorp, Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Farmers & Merchants Bancorp, Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Farmers & Merchants Bancorp, Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Farmers & Merchants Bancorp, Inc. Revenue
Year Revenue Growth
1998 7.219.000
1999 7.358.000 1.89%
2000 9.448.000 22.12%
2001 9.374.000 -0.79%
2002 18.792.000 50.12%
2003 34.809.000 46.01%
2004 31.555.000 -10.31%
2005 31.002.000 -1.78%
2006 30.167.000 -2.77%
2007 30.089.000 -0.26%
2008 32.204.000 6.57%
2009 35.717.000 9.84%
2010 37.907.000 5.78%
2011 35.344.000 -7.25%
2012 37.985.000 6.95%
2013 37.518.000 -1.24%
2014 39.764.000 5.65%
2015 40.804.000 2.55%
2016 44.791.000 8.9%
2017 46.829.000 4.35%
2018 49.337.000 5.08%
2019 63.571.000 22.39%
2020 74.866.000 15.09%
2021 84.827.000 11.74%
2022 100.366.000 15.48%
2023 90.548.000 -10.84%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Farmers & Merchants Bancorp, Inc. Research and Development Expenses
Year Research and Development Expenses Growth
1998 0
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Farmers & Merchants Bancorp, Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
1998 14.493.000
1999 15.351.000 5.59%
2000 16.235.000 5.45%
2001 16.986.000 4.42%
2002 17.796.000 4.55%
2003 9.248.000 -92.43%
2004 10.222.000 9.53%
2005 10.686.000 4.34%
2006 10.760.000 0.69%
2007 10.888.000 1.18%
2008 16.305.000 33.22%
2009 17.309.000 5.8%
2010 17.976.000 3.71%
2011 17.952.000 -0.13%
2012 17.903.000 -0.27%
2013 18.866.000 5.1%
2014 20.033.000 5.83%
2015 20.619.000 2.84%
2016 21.461.000 3.92%
2017 22.888.000 6.23%
2018 22.519.000 -1.64%
2019 28.449.000 20.84%
2020 30.820.000 7.69%
2021 36.754.000 16.15%
2022 40.085.000 8.31%
2023 47.168.000 15.02%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Farmers & Merchants Bancorp, Inc. EBITDA
Year EBITDA Growth
1998 31.155.000
1999 34.762.000 10.38%
2000 44.187.000 21.33%
2001 45.010.000 1.83%
2002 35.653.000 -26.24%
2003 26.307.000 -35.53%
2004 24.499.000 -7.38%
2005 26.777.000 8.51%
2006 31.148.000 14.03%
2007 33.600.000 7.3%
2008 28.933.000 -16.13%
2009 24.561.000 -17.8%
2010 22.292.000 -10.18%
2011 21.508.000 -3.65%
2012 22.176.000 3.01%
2013 19.136.000 -15.89%
2014 19.350.000 1.11%
2015 19.808.000 2.31%
2016 22.749.000 12.93%
2017 25.241.000 9.87%
2018 26.996.000 6.5%
2019 23.121.000 -16.76%
2020 26.237.000 11.88%
2021 31.077.000 15.57%
2022 58.855.000 47.2%
2023 38.216.000 -54.01%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Farmers & Merchants Bancorp, Inc. Gross Profit
Year Gross Profit Growth
1998 7.219.000
1999 7.358.000 1.89%
2000 9.448.000 22.12%
2001 9.374.000 -0.79%
2002 18.792.000 50.12%
2003 34.809.000 46.01%
2004 31.555.000 -10.31%
2005 31.002.000 -1.78%
2006 30.167.000 -2.77%
2007 30.089.000 -0.26%
2008 32.204.000 6.57%
2009 35.717.000 9.84%
2010 37.907.000 5.78%
2011 35.344.000 -7.25%
2012 37.985.000 6.95%
2013 37.518.000 -1.24%
2014 39.764.000 5.65%
2015 40.804.000 2.55%
2016 44.791.000 8.9%
2017 46.829.000 4.35%
2018 49.337.000 5.08%
2019 63.571.000 22.39%
2020 74.866.000 15.09%
2021 84.827.000 11.74%
2022 100.366.000 15.48%
2023 90.548.000 -10.84%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Farmers & Merchants Bancorp, Inc. Net Profit
Year Net Profit Growth
1998 8.060.000
1999 9.216.000 12.54%
2000 11.020.000 16.37%
2001 12.317.000 10.53%
2002 13.419.000 8.21%
2003 7.626.000 -75.96%
2004 8.230.000 7.34%
2005 8.576.000 4.03%
2006 8.136.000 -5.41%
2007 7.734.000 -5.2%
2008 6.723.000 -15.04%
2009 6.605.000 -1.79%
2010 6.981.000 5.39%
2011 8.514.000 18.01%
2012 9.788.000 13.02%
2013 9.007.000 -8.67%
2014 9.646.000 6.62%
2015 10.340.000 6.71%
2016 11.664.000 11.35%
2017 12.720.000 8.3%
2018 14.949.000 14.91%
2019 18.402.000 18.76%
2020 20.095.000 8.42%
2021 23.495.000 14.47%
2022 32.515.000 27.74%
2023 19.108.000 -70.16%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Farmers & Merchants Bancorp, Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1998 2
1999 2 0%
2000 2 0%
2001 2 50%
2002 2 0%
2003 2 0%
2004 2 0%
2005 11 81.82%
2006 13 8.33%
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 1 0%
2012 1 100%
2013 1 0%
2014 1 100%
2015 1 0%
2016 1 0%
2017 1 0%
2018 2 0%
2019 2 0%
2020 2 0%
2021 2 50%
2022 3 0%
2023 1 -100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Farmers & Merchants Bancorp, Inc. Free Cashflow
Year Free Cashflow Growth
1998 10.603.000
1999 18.339.000 42.18%
2000 8.085.000 -126.83%
2001 -4.827.000 267.5%
2002 6.375.000 175.72%
2003 17.413.000 63.39%
2004 13.899.000 -25.28%
2005 8.681.000 -60.11%
2006 12.953.000 32.98%
2007 5.868.000 -120.74%
2008 7.585.000 22.64%
2009 6.782.000 -11.84%
2010 9.141.000 25.81%
2011 16.212.000 43.62%
2012 12.440.000 -30.32%
2013 14.930.000 16.68%
2014 16.251.000 8.13%
2015 13.093.000 -24.12%
2016 10.024.000 -30.62%
2017 17.464.000 42.6%
2018 9.530.000 -83.25%
2019 20.421.000 53.33%
2020 24.160.000 15.48%
2021 32.776.000 26.29%
2022 38.069.000 13.9%
2023 -105.000 36356.19%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Farmers & Merchants Bancorp, Inc. Operating Cashflow
Year Operating Cashflow Growth
1998 12.345.000
1999 21.102.000 41.5%
2000 8.694.000 -142.72%
2001 -3.359.000 358.83%
2002 7.870.000 142.68%
2003 19.481.000 59.6%
2004 14.692.000 -32.6%
2005 9.220.000 -59.35%
2006 13.380.000 31.09%
2007 8.543.000 -56.62%
2008 8.666.000 1.42%
2009 7.194.000 -20.46%
2010 11.435.000 37.09%
2011 17.159.000 33.36%
2012 14.214.000 -20.72%
2013 16.993.000 16.35%
2014 19.159.000 11.31%
2015 14.809.000 -29.37%
2016 12.430.000 -19.14%
2017 19.258.000 35.46%
2018 12.142.000 -58.61%
2019 23.931.000 49.26%
2020 27.382.000 12.6%
2021 34.741.000 21.18%
2022 40.669.000 14.58%
2023 -105.000 38832.38%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Farmers & Merchants Bancorp, Inc. Capital Expenditure
Year Capital Expenditure Growth
1998 1.742.000
1999 2.763.000 36.95%
2000 609.000 -353.69%
2001 1.468.000 58.51%
2002 1.495.000 1.81%
2003 2.068.000 27.71%
2004 793.000 -160.78%
2005 539.000 -47.12%
2006 427.000 -26.23%
2007 2.675.000 84.04%
2008 1.081.000 -147.46%
2009 412.000 -162.38%
2010 2.294.000 82.04%
2011 947.000 -142.24%
2012 1.774.000 46.62%
2013 2.063.000 14.01%
2014 2.908.000 29.06%
2015 1.716.000 -69.46%
2016 2.406.000 28.68%
2017 1.794.000 -34.11%
2018 2.612.000 31.32%
2019 3.510.000 25.58%
2020 3.222.000 -8.94%
2021 1.965.000 -63.97%
2022 2.600.000 24.42%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Farmers & Merchants Bancorp, Inc. Equity
Year Equity Growth
1998 79.405.000
1999 80.201.000 0.99%
2000 90.883.000 11.75%
2001 100.736.000 9.78%
2002 103.565.000 2.73%
2003 74.856.000 -38.35%
2004 78.845.000 5.06%
2005 82.588.000 4.53%
2006 87.732.000 5.86%
2007 89.375.000 1.84%
2008 90.547.000 1.29%
2009 93.584.000 3.25%
2010 94.403.000 0.87%
2011 105.091.000 10.17%
2012 110.239.000 4.67%
2013 108.340.000 -1.75%
2014 114.493.000 5.37%
2015 120.097.000 4.67%
2016 125.577.000 4.36%
2017 134.137.000 6.38%
2018 143.287.000 6.39%
2019 230.258.000 37.77%
2020 249.160.000 7.59%
2021 297.167.000 16.15%
2022 298.140.000 0.33%
2023 303.184.000 1.66%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Farmers & Merchants Bancorp, Inc. Assets
Year Assets Growth
1998 758.799.000
1999 819.881.000 7.45%
2000 905.551.000 9.46%
2001 970.883.000 6.73%
2002 1.021.907.000 4.99%
2003 705.703.000 -44.81%
2004 702.513.000 -0.45%
2005 720.945.000 2.56%
2006 737.096.000 2.19%
2007 803.974.000 8.32%
2008 805.729.000 0.22%
2009 853.860.000 5.64%
2010 906.363.000 5.79%
2011 922.993.000 1.8%
2012 946.660.000 2.5%
2013 965.938.000 2%
2014 941.213.000 -2.63%
2015 989.068.000 4.84%
2016 1.055.895.000 6.33%
2017 1.107.009.000 4.62%
2018 1.116.163.000 0.82%
2019 1.607.330.000 30.56%
2020 1.909.544.000 15.83%
2021 2.638.300.000 27.62%
2022 3.015.351.000 12.5%
2023 3.234.680.000 6.78%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Farmers & Merchants Bancorp, Inc. Liabilities
Year Liabilities Growth
1998 679.394.000
1999 739.680.000 8.15%
2000 814.668.000 9.2%
2001 870.147.000 6.38%
2002 918.342.000 5.25%
2003 630.847.000 -45.57%
2004 623.668.000 -1.15%
2005 638.357.000 2.3%
2006 649.364.000 1.7%
2007 714.599.000 9.13%
2008 715.182.000 0.08%
2009 760.276.000 5.93%
2010 811.960.000 6.37%
2011 817.902.000 0.73%
2012 836.421.000 2.21%
2013 857.598.000 2.47%
2014 826.720.000 -3.74%
2015 868.971.000 4.86%
2016 930.318.000 6.59%
2017 972.872.000 4.37%
2018 972.876.000 0%
2019 24.806.000 -3821.94%
2020 17.861.000 -38.88%
2021 98.536.000 81.87%
2022 2.717.211.000 96.37%
2023 300.959.000 -802.85%

Farmers & Merchants Bancorp, Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
7.64
Net Income per Share
1.79
Price to Earning Ratio
12.63x
Price To Sales Ratio
2.96x
POCF Ratio
12.17
PFCF Ratio
16.48
Price to Book Ratio
1.02
EV to Sales
4.37
EV Over EBITDA
8
EV to Operating CashFlow
17.95
EV to FreeCashFlow
24.28
Earnings Yield
0.08
FreeCashFlow Yield
0.06
Market Cap
0,31 Bil.
Enterprise Value
0,46 Bil.
Graham Number
29.91
Graham NetNet
14.8

Income Statement Metrics

Net Income per Share
1.79
Income Quality
1.29
ROE
0.08
Return On Assets
0.01
Return On Capital Employed
0.03
Net Income per EBT
0.71
EBT Per Ebit
0.63
Ebit per Revenue
0.42
Effective Tax Rate
0.29

Margins

Sales, General, & Administrative to Revenue
0.45
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.01
Gross Profit Margin
1
Operating Profit Margin
0.42
Pretax Profit Margin
0.27
Net Profit Margin
0.19

Dividends

Dividend Yield
0.04
Dividend Yield %
3.76
Payout Ratio
0.35
Dividend Per Share
0.85

Operating Metrics

Operating Cashflow per Share
1.86
Free CashFlow per Share
1.37
Capex to Operating CashFlow
-0.26
Capex to Revenue
-0.06
Capex to Depreciation
-1.69
Return on Invested Capital
0.07
Return on Tangible Assets
0.01
Days Sales Outstanding
0
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
0
Payables Turnover
0
Inventory Turnover
0
Capex per Share
-0.48

Balance Sheet

Cash per Share
36,84
Book Value per Share
22,21
Tangible Book Value per Share
208.17
Shareholders Equity per Share
22.21
Interest Debt per Share
25.49
Debt to Equity
0.99
Debt to Assets
0.09
Net Debt to EBITDA
2.57
Current Ratio
0
Tangible Asset Value
2,84 Bil.
Net Current Asset Value
0,09 Bil.
Invested Capital
0.99
Working Capital
0,39 Bil.
Intangibles to Total Assets
0.03
Average Receivables
0,00 Bil.
Average Payables
0,00 Bil.
Average Inventory
0
Debt to Market Cap
0.97

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Farmers & Merchants Bancorp, Inc. Dividends
Year Dividends Growth
2006 1
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 1 0%
2012 1 0%
2013 1 0%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 1 0%

Farmers & Merchants Bancorp, Inc. Profile

About Farmers & Merchants Bancorp, Inc.

Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, remote deposit capture or electronic deposit processing, and merchant credit card services. It also offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.

CEO
Mr. Lars B. Eller
Employee
456
Address
307 North Defiance Street
Archbold, 43502

Farmers & Merchants Bancorp, Inc. Executives & BODs

Farmers & Merchants Bancorp, Inc. Executives & BODs
# Name Age
1 Ms. Marilyn K. Johnson
Vice President and Compliance & CRA Manager
70
2 Ms. Shalini Singhal
Senior Vice President & Chief Information Officer
70
3 Mr. Lars B. Eller
President, Chief Executive Officer & Director
70
4 Deborah L. Shinabery
Vice President of Sales & Retail Skills Development Manager
70
5 Ms. Benet S. Rupp
Executive Vice President & Chief Administrative Officer
70
6 Ms. Katrina L. DeGroff
Senior Vice President & Chief Accounting Officer
70
7 Ms. Amy L. Cover
Senior Vice President & Chief Marketing Officer
70
8 Ms. Alexis E. Smith
Senior Vice President & Chief People Officer
70
9 Mr. Phillip P. Lucas
Senior Vice President & Regional President
70
10 Ms. Barbara J. Britenriker
Executive Vice President & Chief Financial Officer
70

Farmers & Merchants Bancorp, Inc. Competitors