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ISIN
US30779N1054
CUSIP
30779N105
IPO Date
Nov 23, 2004

Highlights

EPS (TTM)
$3.52
PE Ratio
7.98
PEG Ratio
0.38
Total Revenue (TTM)
$143.52M
Gross Profit (TTM)
$89.83M
EBITDA (TTM)
$37.49M
Year Range
$22.59 - $29.83
Target Price
$27.00
ROA (TTM)
1.03%
ROE (TTM)
9.56%

Share Price Chart


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Farmers & Merchants Bancorp, Inc.

Often compared with FMAO:
FMAO vs. AGMFMAO vs. QCOM

Performance

FMAO Performance Chart

Farmers & Merchants Bancorp, Inc. (FMAO) is up 14.5% since the beginning of the year. At $28 per share, FMAO is trading 6.0% below its 52-week high of $30. Investors who bought $1,000 worth of FMAO shares 5 years ago would now be looking at an investment worth $1,484.


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S&P 500 Index

Returns By Period

Farmers & Merchants Bancorp, Inc. (FMAO) has returned 14.49% so far this year and 26.35% over the past 12 months. Over the last ten years, FMAO has returned 10.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.


Farmers & Merchants Bancorp, Inc.

1D
2.37%
1M
2.94%
YTD
14.49%
6M
17.07%
1Y
26.35%
3Y*
11.45%
5Y*
8.22%
10Y*
10.02%

Benchmark (S&P 500 Index)

1D
0.13%
1M
5.25%
YTD
11.16%
6M
11.43%
1Y
28.20%
3Y*
21.12%
5Y*
12.66%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FMAO Monthly Returns History

Based on dividend-adjusted daily data since Nov 23, 2004, FMAO's average daily return is +0.04%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.

Historically, 52% of months were positive and 48% were negative. The best month was May 2017 with a return of +29.6%, while the worst month was May 2006 at -74.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FMAO closed higher 32% of trading days. The best single day was Mar 19, 2020 with a return of +22.0%, while the worst single day was May 15, 2006 at -72.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20268.54%-3.62%-0.73%5.26%4.29%0.43%14.49%
2025-7.74%-5.41%-6.96%10.55%-9.02%6.17%-4.27%10.20%-5.48%-3.54%2.51%1.80%-12.98%
2024-8.87%-10.62%11.44%-8.03%7.61%5.26%19.74%-0.15%0.58%-1.12%23.64%-11.48%23.07%
20234.67%-8.96%-5.33%-6.25%-12.76%13.17%-4.40%-10.41%-8.22%0.58%11.94%28.20%-5.27%
2022-3.78%5.57%8.97%5.81%5.36%-17.64%-7.09%-6.82%-5.19%8.89%-1.98%-4.49%-14.95%
2021-0.43%0.66%9.82%-6.52%-6.38%-0.05%0.64%3.64%-0.80%13.30%14.30%13.85%46.86%

Benchmark Metrics

Farmers & Merchants Bancorp, Inc. has an annualized alpha of 4.52%, beta of 0.44, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since November 24, 2004.

  • This stock participated in 75.10% of S&P 500 Index downside but only 40.75% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.44 may look defensive, but with R2 of 0.05 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R2 of 0.05 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
4.52%
Beta
0.44
0.05
Upside Capture
40.75%
Downside Capture
75.10%

Return for Risk

Risk / Return Rank

FMAO ranks 63 for risk / return — better than 63% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


FMAO Risk / Return Rank: 6363
Overall Rank
FMAO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FMAO Sortino Ratio Rank: 6060
Sortino Ratio Rank
FMAO Omega Ratio Rank: 5656
Omega Ratio Rank
FMAO Calmar Ratio Rank: 6868
Calmar Ratio Rank
FMAO Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Farmers & Merchants Bancorp, Inc. (FMAO) and compare them to S&P 500 Index.


FMAOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.74

2.39

-1.65

Sortino ratio

Return per unit of downside risk

1.27

3.25

-1.99

Omega ratio

Gain probability vs. loss probability

1.15

1.43

-0.29

Calmar ratio

Return relative to maximum drawdown

1.48

3.11

-1.64

Martin ratio

Return relative to average drawdown

2.82

14.38

-11.56

Dividends

Dividend History

Farmers & Merchants Bancorp, Inc. provided a 3.24% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The company has been increasing its dividends for 15 consecutive years.


1.50%2.00%2.50%3.00%3.50%$0.00$0.20$0.40$0.60$0.8020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.91$0.90$0.88$0.85$0.81$0.71$0.66$0.61$0.56$0.50$0.46$0.44

Dividend yield

3.24%3.64%3.00%3.43%2.99%2.16%2.87%2.02%1.45%1.23%2.60%3.23%

Monthly Dividends

The table displays the monthly dividend distributions for Farmers & Merchants Bancorp, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.23$0.00$0.00$0.23
2025$0.00$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.23$0.00$0.23$0.90
2024$0.00$0.00$0.22$0.00$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.22$0.88
2023$0.00$0.00$0.21$0.00$0.00$0.00$0.21$0.00$0.00$0.21$0.00$0.22$0.85
2022$0.00$0.00$0.19$0.00$0.00$0.00$0.20$0.00$0.21$0.00$0.00$0.21$0.81
2021$0.00$0.00$0.17$0.00$0.00$0.17$0.00$0.00$0.18$0.00$0.00$0.19$0.71

Dividend Yield & Payout


Dividend Yield

Farmers & Merchants Bancorp, Inc. has a dividend yield of 3.24%, which is quite average when compared to the overall market.

Payout Ratio

Farmers & Merchants Bancorp, Inc. has a payout ratio of 33.63%, which is quite average when compared to the overall market. This suggests that Farmers & Merchants Bancorp, Inc. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Farmers & Merchants Bancorp, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Farmers & Merchants Bancorp, Inc. was 84.94%, occurring on Nov 20, 2009. Recovery took 1956 trading sessions.

The current Farmers & Merchants Bancorp, Inc. drawdown is 26.64%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-84.94%Nov 2009
4y 3mo7y 9mo
12y 21dAug 2005 - Sep 2017
COVID crash2020
-62.88%Mar 2020
1y 8mo
7y 11moJun 2018 - now
2017 bear market2017
-22.86%Sep 2017
5d3mo 1d
3mo 6dSep 2017 - Dec 2017
2018 correction2018
-19.53%Mar 2018
2mo 10d1mo 25d
4mo 5dDec 2017 - Apr 2018
2018 pullback2018
-9.82%May 2018
2d1mo 13d
1mo 15dMay 2018 - Jun 2018

Drawdown Indicators


FMAOBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-84.94%

-56.78%

-28.16%

Max Drawdown (1Y)

Largest decline over 1 year

-17.92%

-9.10%

-8.82%

Max Drawdown (3Y)

Largest decline over 3 years

-34.97%

-18.90%

-16.07%

Max Drawdown (5Y)

Largest decline over 5 years

-57.16%

-25.43%

-31.73%

Max Drawdown (10Y)

Largest decline over 10 years

-62.88%

-33.92%

-28.96%

Current Drawdown

Current decline from peak

-26.64%

0.00%

-26.64%

Average Drawdown

Average peak-to-trough decline

-54.18%

-10.72%

-43.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.38%

1.97%

+7.41%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Farmers & Merchants Bancorp, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Farmers & Merchants Bancorp, Inc. is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for FMAO, comparing it with other companies in the Banks - Regional industry. Currently, FMAO has a P/E ratio of 8.0. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for FMAO compared to other companies in the Banks - Regional industry. FMAO currently has a PEG ratio of 0.4. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for FMAO relative to other companies in the Banks - Regional industry. Currently, FMAO has a P/S ratio of 2.0. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items
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