Farmers & Merchants Bancorp Inc.

FMAO | NASDAQ

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$35.49

-$0.04 (-0.11%)

At close: Sep 21, 2026, 4:00 PM ET

$35.49

$0 (0.00%)

After-hours: Sep 21, 2026, 7:30 PM ET

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Market Data

Market Cap $489.18M

Enterprise Value $109.71M

Beta 0.80

Average Volume 89.31K

Shares Outstanding (Diluted) 13.79M

Shares Change YoY 1.85%

Institutional Ownership 32.87%

Exchange NASDAQ

ISIN US30779N1054

Price Performance

Price Change 1M 4.1%

Price Change 3M 21.4%

Price Change 6M 41.4%

Price Change YTD 45.9%

Price Change 1Y 37.5%

Price Change 3Y 103.6%

Price Change 5Y 56.3%

1M CAGR (ann.) 3.6%

1Y CAGR (ann.) 42.5%

5Y CAGR (ann.) 12.8%

All-Time CAGR 9.5%

Valuation

PE Ratio 12.20

Forward PE 10.85

PEG Ratio 0.35

Forward PEG 4.01

PS Ratio 3.07

Forward PS 3.40

PB Ratio 1.27

P/FCF Ratio 11.35

P/Adj. FCF Ratio 11.64

P/OCF Ratio 11.16

EV/Sales 0.69

EV/EBIT 2.14

EV/EBITDA 1.93

EV/FCF 2.55

Earnings Yield 8.2%

FCF Yield 8.8%

Adj. FCF Yield 8.6%

Financial Health

Net Cash $378.92M

Total Debt $218.21M

Cash & Short-Term Investments $597.13M

Total Assets $3.5B

Current Ratio 11.41

Quick Ratio 11.41

Debt / Equity Ratio 0.57

Debt / EBITDA 3.85

Debt / FCF 5.07

OCF / Debt 0.20

Interest Coverage 0.76

Altman Z-Score 0.35

Piotroski F-Score 7

Margins & Profitability

Gross Profit Margin 64.9%

Operating Profit Margin 32.2%

EBITDA Margin 29.1%

Net Profit Margin 20.5%

FCF Margin 27.1%

Adj. FCF Margin 26.4%

SBC / Revenue 0.5%

SBC Impact (per share) -2.5%

Returns

Return on Assets 1.1%

Return on Equity 10.7%

Return on Invested Capital 1.1%

Return on Capital Employed 1.5%

Return on Tangible Assets 1.2%

Historical Growth (CAGR)

Revenue CAGR 3Y 5.6%

Revenue CAGR 5Y 12.8%

Revenue CAGR 10Y 13.1%

EPS CAGR 3Y 11.0%

EPS CAGR 5Y 9.0%

EPS CAGR 10Y 9.4%

FCF CAGR 3Y 34.6%

FCF CAGR 5Y 8.1%

FCF CAGR 10Y 13.6%

Analyst Forecasts

Analyst Rating Hold

Analyst Count 2

EPS Growth Next 3Y N/A

Revenue Growth Next 3Y N/A

Earnings Date Oct 25, 2026

EPS Estimate (next Q) $0.81

EPS Growth Est (next Q) 26.6%

Revenue Est (next Q) $34.65M

Revenue Growth Est (next Q) 14.6%

Fair Value Estimates

Graham Number $42.80

Graham Upside 20.6%

Lynch Fair Value $26.22

Lynch Upside -26.1%

Price Target $36

Price Target Upside 1.4%

Cash Flow

Operating Cash Flow $43.7M

Free Cash Flow $43.04M

Adj. Free Cash Flow $41.98M

FCF Per Share $3.13

OCF Per Share $3.18

OCF/S Ratio 22.4%

Income Statement

Revenue $158.96M

Gross Profit $107.57M

Operating Income $51.17M

EBITDA $56.74M

Net Income $40.02M

EPS (Diluted) $2.91

Revenue / Employee $333.26K

Profit / Employee $83.9K

Employees 477

Dividends

Annual Dividend $0.92

Dividend Yield 2.59%

Payout Ratio 31.5%

FCF Payout Ratio 28.7%

Adj. FCF Payout Ratio 29.4%

Dividend Growth (YoY) 3.7%

Pay Frequency Quarterly

Ex-Dividend Date Jul 9, 2026