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Farmers & Merchants Bancorp

FMCB

(4.5)
Stock Price

1.036,00 USD

1.67% ROA

15.83% ROE

8.18x PER

Market Cap.

715.300.203,00 USD

1.79% DER

1.82% Yield

32.29% NPM

Farmers & Merchants Bancorp Stock Analysis

Farmers & Merchants Bancorp 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 Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (17.05%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 DER

The stock has a low debt to equity ratio (0%), which means it has a small amount of debt compared to the ownership it holds

3 Revenue Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

4 Net Profit Growth

Throughout the past five years, this company has consistently experienced net profit growth, indicating a strong financial performance and making it an attractive investment prospect.

5 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

6 Dividend Growth

Investors can be encouraged by the company's strong dividend growth over the past five years, highlighting its ability to generate consistent returns and provide an attractive investment opportunity.

7 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

8 ROA

The stock's ROA (1.62%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

9 PBV

The stock's PBV ratio (1.34x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

10 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

11 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (2.858) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

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

Farmers & Merchants Bancorp 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 Revenue
Year Revenue Growth
2002 54.508.000
2003 56.729.000 3.92%
2004 63.749.000 11.01%
2005 69.700.000 8.54%
2006 75.838.000 8.09%
2007 79.005.000 4.01%
2008 84.488.000 6.49%
2009 93.177.000 9.33%
2010 91.961.000 -1.32%
2011 86.654.000 -6.12%
2012 85.774.000 -1.03%
2013 86.211.000 0.51%
2014 90.908.000 5.17%
2015 99.950.000 9.05%
2016 112.437.000 11.11%
2017 122.936.000 8.54%
2018 139.634.000 11.96%
2019 155.130.000 9.99%
2020 163.080.000 4.87%
2021 179.378.000 9.09%
2022 199.300.000 10%
2023 229.404.000 13.12%
2023 265.694.000 13.66%
2024 298.392.000 10.96%

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 Research and Development Expenses
Year Research and Development Expenses Growth
2002 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%
2023 0 0%
2024 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 General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 17.796.000
2003 21.058.000 15.49%
2004 24.103.000 12.63%
2005 26.773.000 9.97%
2006 27.820.000 3.76%
2007 27.364.000 -1.67%
2008 27.036.000 -1.21%
2009 31.267.000 13.53%
2010 30.618.000 -2.12%
2011 31.131.000 1.65%
2012 32.603.000 4.51%
2013 34.639.000 5.88%
2014 37.494.000 7.61%
2015 40.876.000 8.27%
2016 43.155.000 5.28%
2017 46.678.000 7.55%
2018 50.966.000 8.41%
2019 55.874.000 8.78%
2020 57.467.000 2.77%
2021 65.097.000 11.72%
2022 65.694.000 0.91%
2023 71.016.000 7.49%
2023 73.652.000 3.58%
2024 0 0%

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 EBITDA
Year EBITDA Growth
2002 35.663.000
2003 37.170.000 4.05%
2004 38.324.000 3.01%
2005 44.903.000 14.65%
2006 58.789.000 23.62%
2007 69.936.000 15.94%
2008 63.049.000 -10.92%
2009 49.553.000 -27.24%
2010 44.839.000 -10.51%
2011 44.626.000 -0.48%
2012 44.178.000 -1.01%
2013 42.679.000 -3.51%
2014 44.634.000 4.38%
2015 49.326.000 9.51%
2016 51.925.000 5.01%
2017 63.066.000 17.67%
2018 70.329.000 10.33%
2019 78.708.000 10.65%
2020 81.346.000 3.24%
2021 90.953.000 10.56%
2022 107.009.000 15%
2023 118.316.000 9.56%
2023 2.491.000 -4649.74%
2024 -120.504.000 102.07%

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 Gross Profit
Year Gross Profit Growth
2002 54.508.000
2003 56.729.000 3.92%
2004 63.749.000 11.01%
2005 69.700.000 8.54%
2006 75.838.000 8.09%
2007 79.005.000 4.01%
2008 84.488.000 6.49%
2009 93.177.000 9.33%
2010 91.961.000 -1.32%
2011 74.380.000 -23.64%
2012 73.351.000 -1.4%
2013 73.640.000 0.39%
2014 78.708.000 6.44%
2015 86.750.000 9.27%
2016 95.070.000 8.75%
2017 108.323.000 12.23%
2018 125.503.000 13.69%
2019 155.130.000 19.1%
2020 163.080.000 4.87%
2021 179.378.000 9.09%
2022 199.300.000 10%
2023 229.404.000 13.12%
2023 268.668.000 14.61%
2024 298.392.000 9.96%

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 Net Profit
Year Net Profit Growth
2002 13.419.000
2003 14.775.000 9.18%
2004 16.450.000 10.18%
2005 18.428.000 10.73%
2006 20.629.000 10.67%
2007 22.695.000 9.1%
2008 22.790.000 0.42%
2009 20.013.000 -13.88%
2010 21.118.000 5.23%
2011 22.209.000 4.91%
2012 23.349.000 4.88%
2013 24.061.000 2.96%
2014 25.402.000 5.28%
2015 27.392.000 7.26%
2016 29.723.000 7.84%
2017 28.370.000 -4.77%
2018 45.527.000 37.69%
2019 56.036.000 18.75%
2020 58.734.000 4.59%
2021 66.336.000 11.46%
2022 75.090.000 11.66%
2023 88.136.000 14.8%
2023 88.314.000 0.2%
2024 87.068.000 -1.43%

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 Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 16
2003 18 11.76%
2004 20 10.53%
2005 22 13.64%
2006 25 12%
2007 28 10.71%
2008 29 0%
2009 26 -12%
2010 27 7.41%
2011 28 3.57%
2012 30 3.45%
2013 31 3.33%
2014 33 6.25%
2015 35 5.88%
2016 37 8.11%
2017 35 -5.71%
2018 57 37.5%
2019 71 21.13%
2020 74 4.05%
2021 84 11.9%
2022 97 12.5%
2023 117 17.24%
2023 117 0%
2024 117 0.85%

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 Free Cashflow
Year Free Cashflow Growth
2002 6.375.000
2003 12.773.000 50.09%
2004 15.095.000 15.38%
2005 12.891.000 -17.1%
2006 15.959.000 19.22%
2007 21.941.000 27.26%
2008 19.724.000 -11.24%
2009 7.650.000 -157.83%
2010 29.638.000 74.19%
2011 28.700.000 -3.27%
2012 31.176.000 7.94%
2013 25.585.000 -21.85%
2014 21.363.000 -19.76%
2015 33.647.000 36.51%
2016 33.308.000 -1.02%
2017 35.690.000 6.67%
2018 53.197.000 32.91%
2019 65.321.000 18.56%
2020 50.410.000 -29.58%
2021 57.894.000 12.93%
2022 97.588.000 40.68%
2023 88.376.000 -10.42%
2023 26.744.000 -230.45%
2024 19.880.000 -34.53%

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 Operating Cashflow
Year Operating Cashflow Growth
2002 7.870.000
2003 14.194.000 44.55%
2004 20.479.000 30.69%
2005 17.053.000 -20.09%
2006 20.819.000 18.09%
2007 23.554.000 11.61%
2008 23.052.000 -2.18%
2009 12.783.000 -80.33%
2010 30.834.000 58.54%
2011 30.360.000 -1.56%
2012 31.723.000 4.3%
2013 27.199.000 -16.63%
2014 25.637.000 -6.09%
2015 36.373.000 29.52%
2016 34.812.000 -4.48%
2017 39.944.000 12.85%
2018 57.774.000 30.86%
2019 80.858.000 28.55%
2020 58.119.000 -39.12%
2021 59.963.000 3.08%
2022 101.778.000 41.08%
2023 93.348.000 -9.03%
2023 27.998.000 -233.41%
2024 20.314.000 -37.83%

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 Capital Expenditure
Year Capital Expenditure Growth
2002 1.495.000
2003 1.421.000 -5.21%
2004 5.384.000 73.61%
2005 4.162.000 -29.36%
2006 4.860.000 14.36%
2007 1.613.000 -201.3%
2008 3.328.000 51.53%
2009 5.133.000 35.16%
2010 1.196.000 -329.18%
2011 1.660.000 27.95%
2012 547.000 -203.47%
2013 1.614.000 66.11%
2014 4.274.000 62.24%
2015 2.726.000 -56.79%
2016 1.504.000 -81.25%
2017 4.254.000 64.65%
2018 4.577.000 7.06%
2019 15.537.000 70.54%
2020 7.709.000 -101.54%
2021 2.069.000 -272.6%
2022 4.190.000 50.62%
2023 4.972.000 15.73%
2023 1.254.000 -296.49%
2024 434.000 -188.94%

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 Equity
Year Equity Growth
2002 103.565.000
2003 109.605.000 5.51%
2004 116.547.000 5.96%
2005 123.648.000 5.74%
2006 132.340.000 6.57%
2007 143.418.000 7.72%
2008 156.545.000 8.39%
2009 164.727.000 4.97%
2010 173.241.000 4.91%
2011 189.346.000 8.51%
2012 205.033.000 7.65%
2013 209.904.000 2.32%
2014 233.178.000 9.98%
2015 251.835.000 7.41%
2016 279.981.000 10.05%
2017 299.660.000 6.57%
2018 311.215.000 3.71%
2019 369.296.000 15.73%
2020 423.665.000 12.83%
2021 463.136.000 8.52%
2022 485.308.000 4.57%
2023 530.623.000 8.54%
2023 549.755.000 3.48%
2024 576.220.000 4.59%

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 Assets
Year Assets Growth
2002 1.021.907.000
2003 1.148.565.000 11.03%
2004 1.226.295.000 6.34%
2005 1.352.989.000 9.36%
2006 1.411.233.000 4.13%
2007 1.519.172.000 7.11%
2008 1.684.437.000 9.81%
2009 1.781.014.000 5.42%
2010 1.841.491.000 3.28%
2011 1.919.684.000 4.07%
2012 1.974.686.000 2.79%
2013 2.076.073.000 4.88%
2014 2.360.551.000 12.05%
2015 2.615.345.000 9.74%
2016 2.922.121.000 10.5%
2017 3.075.452.000 4.99%
2018 3.434.243.000 10.45%
2019 3.721.830.000 7.73%
2020 4.550.453.000 18.21%
2021 5.177.720.000 12.11%
2022 5.327.399.000 2.81%
2023 5.375.375.000 0.89%
2023 5.330.432.000 -0.84%
2024 5.267.485.000 -1.2%

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 Liabilities
Year Liabilities Growth
2002 918.342.000
2003 1.038.960.000 11.61%
2004 1.109.748.000 6.38%
2005 1.229.341.000 9.73%
2006 1.278.893.000 3.87%
2007 1.375.754.000 7.04%
2008 1.527.892.000 9.96%
2009 1.616.287.000 5.47%
2010 1.668.250.000 3.11%
2011 1.730.338.000 3.59%
2012 1.769.653.000 2.22%
2013 1.866.169.000 5.17%
2014 2.127.373.000 12.28%
2015 2.363.510.000 9.99%
2016 2.642.140.000 10.55%
2017 2.775.792.000 4.81%
2018 3.123.028.000 11.12%
2019 3.352.534.000 6.85%
2020 4.126.788.000 18.76%
2021 10.310.000 -39927.04%
2022 4.842.091.000 99.79%
2023 4.844.752.000 0.05%
2023 4.780.677.000 -1.34%
2024 4.691.265.000 -1.91%

Farmers & Merchants Bancorp Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
366.67
Net Income per Share
118.4
Price to Earning Ratio
8.18x
Price To Sales Ratio
2.63x
POCF Ratio
8.76
PFCF Ratio
8.99
Price to Book Ratio
1.25
EV to Sales
1.58
EV Over EBITDA
-13.79
EV to Operating CashFlow
5.23
EV to FreeCashFlow
5.4
Earnings Yield
0.12
FreeCashFlow Yield
0.11
Market Cap
0,72 Bil.
Enterprise Value
0,43 Bil.
Graham Number
1437.49
Graham NetNet
-5596.22

Income Statement Metrics

Net Income per Share
118.4
Income Quality
0.93
ROE
0.16
Return On Assets
0.02
Return On Capital Employed
0.07
Net Income per EBT
0.73
EBT Per Ebit
0.58
Ebit per Revenue
0.75
Effective Tax Rate
0.27

Margins

Sales, General, & Administrative to Revenue
0.26
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
1
Operating Profit Margin
0.75
Pretax Profit Margin
0.44
Net Profit Margin
0.32

Dividends

Dividend Yield
0.02
Dividend Yield %
1.82
Payout Ratio
0.15
Dividend Per Share
17.6

Operating Metrics

Operating Cashflow per Share
110.52
Free CashFlow per Share
107.06
Capex to Operating CashFlow
0.03
Capex to Revenue
0.01
Capex to Depreciation
0.94
Return on Invested Capital
0.26
Return on Tangible Assets
0.02
Days Sales Outstanding
265.13
Days Payables Outstanding
0
Days of Inventory on Hand
109206.31
Receivables Turnover
1.38
Payables Turnover
0
Inventory Turnover
0
Capex per Share
3.47

Balance Sheet

Cash per Share
736,83
Book Value per Share
775,70
Tangible Book Value per Share
758
Shareholders Equity per Share
775.7
Interest Debt per Share
76.44
Debt to Equity
0.02
Debt to Assets
0
Net Debt to EBITDA
9.17
Current Ratio
0.15
Tangible Asset Value
0,56 Bil.
Net Current Asset Value
-4,37 Bil.
Invested Capital
-1845772000
Working Capital
-1,91 Bil.
Intangibles to Total Assets
0
Average Receivables
0,19 Bil.
Average Payables
0,00 Bil.
Average Inventory
-542634000
Debt to Market Cap
0.01

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 Dividends
Year Dividends Growth
2018 14
2019 14 7.14%
2020 15 0%
2021 15 6.67%
2022 16 6.25%
2023 17 5.88%
2024 9 -112.5%

Farmers & Merchants Bancorp Profile

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp operates as the bank holding company for Farmers & Merchants Bank of Central California that provides various banking services to businesses and individuals. The company accepts various deposit instruments, including checking, savings, money market, time certificates of deposit, and individual retirement accounts. It also offers range of lending products comprising commercial, commercial and residential real estate, real estate construction, agribusiness, and consumer loans, as well as equipment leases and credit card services; commercial products, including term loans, lines of credit and other working capital financing, and letters of credit; and financing products, such as automobile financing, home improvement, and home equity lines of credit. In addition, the company provides various specialized services consisting of credit card programs for merchants, lockbox and other collection services, account reconciliation, investment sweep, online account access, and electronic funds transfers through domestic and international wire and automated clearinghouse; and online banking services. Further, it offers investment products, such as mutual funds and annuities. The company serves its customers through 29 full-service branches and 3 stand-alone automated teller machines in the mid Central Valley of California, including Sacramento, San Joaquin, Solano, Stanislaus, and Merced counties, as well as the east region of the San Francisco Bay Area comprising Napa, Alameda, and Contra Costa counties. Farmers & Merchants Bancorp was founded in 1916 and is headquartered in Lodi, California.

CEO
Mr. Kent A. Steinwert
Employee
378
Address
111 West Pine Street
Lodi, 95240

Farmers & Merchants Bancorp Executives & BODs

Farmers & Merchants Bancorp Executives & BODs
# Name Age
1 Mr. Kent A. Steinwert
Chairman, President & Chief Executive Officer
70
2 Ms. Deborah E. Skinner
Executive Vice President & Chief Administrative Officer
70
3 Charles F. Broom
Senior Vice President & Director of Human Resources
70
4 Mr. Bart R. Olson
Executive Vice President, Chief Financial Officer & Corporate Secretary
70
5 Mr. Ryan J. Misasi
Executive Vice President & Retail Banking Division Manager
70
6 Mr. David M. Zitterow
Executive Vice President & Director of Wholeslae Banking Division
70
7 Mr. John W. Weubbe
Executive Vice President & Chief Credit Officer
70
8 Thomas Bennett
Executive Vice President & Enterprise Risk Officer
70

Farmers & Merchants Bancorp Competitors