Shares Outstanding Shares Outstanding n/a Close	13.72M
Shares Change (YoY) Shares Change (YoY) n/a Close	0.28%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	0.13%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	27.65%
Shares Floating Shares Floating n/a Close	12.49M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	59
FTD / Avg. Volume FTD / Avg. Volume n/a Close	0.32%

Short Selling Information

The latest short interest is 87.89K, so 0.64% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	87.89K
Short % of Shares Out Short % of Shares Out n/a Close	0.64%
Short % of Float Short % of Float n/a Close	0.69%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	5.09

Valuation Ratios

The PE ratio is 15.53 and the forward PE ratio is 11.22. Farmers & Merchants Bancorp's PEG ratio is 1.13.

PE Ratio PE Ratio n/a Close	15.53
Forward PE Forward PE n/a Close	11.22
PS Ratio PS Ratio n/a Close	2.28
Forward PS Forward PS n/a Close	2.9
PB Ratio PB Ratio n/a Close	1.2
P/FCF Ratio P/FCF Ratio n/a Close	13.16
PEG Ratio PEG Ratio n/a Close	1.13

Financial Ratio History

Enterprise Valuation

Farmers & Merchants Bancorp has an Enterprise Value (EV) of 533.63M.

EV / Sales EV / Sales n/a Close	3.02
EV / EBITDA EV / EBITDA n/a Close	13.7
EV / EBIT EV / EBIT n/a Close	16.43
EV / FCF EV / FCF n/a Close	17.44

Financial Position

The company has a current ratio of 0.22, with a Debt / Equity ratio of 0.92.

Current Ratio Current Ratio n/a Close	0.22
Quick Ratio Quick Ratio n/a Close	0.22
Debt / Equity Debt / Equity n/a Close	0.92
Debt / EBITDA Debt / EBITDA n/a Close	7.91
Debt / FCF Debt / FCF n/a Close	10.07
Interest Coverage Interest Coverage n/a Close	0.42

Financial Efficiency

Return on Equity is 7.74% and Return on Invested Capital is 3.83%.

Return on Equity Return on Equity n/a Close	7.74%
Return on Assets Return on Assets n/a Close	0.77%
Return on Invested Capital Return on Invested Capital n/a Close	3.83%
Revenue Per Employee Revenue Per Employee n/a Close	$366,313.28
Profits Per Employee Profits Per Employee n/a Close	$53,813.28
Employee Count Employee Count n/a Close	482
Asset Turnover Asset Turnover n/a Close	0.05
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	6.63M
Effective Tax Rate Effective Tax Rate n/a Close	20.37%

Stock Price Statistics

The stock price has increased by 14.07% in the last 52 weeks. The beta is 0.87, so Farmers & Merchants Bancorp's price volatility has been higher than the market average.

Beta Beta n/a Close	0.87
52-Week Price Change 52-Week Price Change n/a Close	14.07%
50-Day Moving Average 50-Day Moving Average n/a Close	24.43
200-Day Moving Average 200-Day Moving Average n/a Close	26.63
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	63.93
Average Volume (20 Days) Average Volume (20 Days) n/a Close	18,255

Income Statement

In the last 12 months, Farmers & Merchants Bancorp had revenue of 176.56M and earned 25.94M in profits. Earnings per share was 1.9.

Revenue Revenue n/a Close	176.56M
Gross Profit Gross Profit n/a Close	98.63M
Operating Income Operating Income n/a Close	32.57M
Net Income Net Income n/a Close	25.94M
EBITDA EBITDA n/a Close	38.95M
EBIT EBIT n/a Close	32.57M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	1.9

Full Income Statement

Balance Sheet

The company has 177.34M in cash and 308.09M in debt, giving a net cash position of -130.75M.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	177.34M
Total Debt Total Debt n/a Close	308.09M
Net Cash Net Cash n/a Close	-130.75M
Retained Earnings Retained Earnings n/a Close	235.85M
Total Assets Total Assets n/a Close	3.39B
Working Capital Working Capital n/a Close	-2.36B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 32.47M and capital expenditures -1.87M, giving a free cash flow of 30.6M.

Operating Cash Flow Operating Cash Flow n/a Close	32.47M
Capital Expenditures Capital Expenditures n/a Close	-1.87M
Free Cash Flow Free Cash Flow n/a Close	30.6M
FCF Per Share FCF Per Share n/a Close	2.24

Full Cash Flow Statement

Margins

Gross margin is 55.86%, with operating and profit margins of 18.45% and 14.69%.

Gross Margin Gross Margin n/a Close	55.86%
Operating Margin Operating Margin n/a Close	18.45%
Pretax Margin Pretax Margin n/a Close	18.45%
Profit Margin Profit Margin n/a Close	14.69%
EBITDA Margin EBITDA Margin n/a Close	22.06%
EBIT Margin EBIT Margin n/a Close	18.45%
FCF Margin FCF Margin n/a Close	17.33%

Dividends & Yields

FMAO pays an annual dividend of $0.88, which amounts to a dividend yield of 3.93%.

Dividend Per Share Dividend Per Share n/a Close	$0.88
Dividend Yield Dividend Yield n/a Close	3.93%
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	0.57%
Payout Ratio Payout Ratio n/a Close	43.75%
Earnings Yield Earnings Yield n/a Close	6.44%
FCF Yield FCF Yield n/a Close	7.6%

Dividend Details

Analyst Forecast

The average price target for FMAO is $26, which is -0.4% lower than the current price. The consensus rating is "Hold".

Price Target Price Target n/a Close	$26
Price Target Difference Price Target Difference n/a Close	-0.4%
Analyst Consensus Analyst Consensus n/a Close	Hold
Analyst Count Analyst Count n/a Close	1

Stock Forecasts

Fair Value

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

Lynch Fair Value Lynch Fair Value n/a Close	$9.5
Lynch Upside Lynch Upside n/a Close	-63.62%
Graham Number Graham Number n/a Close	32.33
Graham Upside Graham Upside n/a Close	23.82%

Stock Splits

The last stock split was on Sep 21, 2017. It was a forward split with a ratio of 2:1.

Last Split Date Last Split Date n/a Close	Sep 21, 2017
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	2:1

Scores

Altman Z-Score Altman Z-Score n/a Close	-0.59
Piotroski F-Score Piotroski F-Score n/a Close	8