Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Farmers & Merchants Bancorp, Inc. (FMAO)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$85.79 - $467.08$167.01
Multi-Stage$49.29 - $53.88$51.54
Blended Fair Value$109.27
Current Price$25.01
Upside336.92%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.44%11.93%0.880.830.760.560.530.470.360.330.300.29
YoY Growth--5.18%10.31%33.98%6.74%13.25%28.03%11.55%7.97%4.36%2.04%
Dividend Yield--3.67%3.90%3.11%1.56%2.10%1.80%1.21%0.81%1.44%2.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)31.90
(-) Cash Dividends Paid (M)11.99
(=) Cash Retained (M)19.91
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.383.992.39
Cash Retained (M)19.9119.9119.91
(-) Cash Required (M)-6.38-3.99-2.39
(=) Excess Retained (M)13.5315.9217.51
(/) Shares Outstanding (M)13.5813.5813.58
(=) Excess Retained per Share1.001.171.29
LTM Dividend per Share0.880.880.88
(+) Excess Retained per Share1.001.171.29
(=) Adjusted Dividend1.882.062.17
WACC / Discount Rate7.81%7.81%7.81%
Growth Rate5.50%6.50%7.50%
Fair Value$85.79$167.01$467.08
Upside / Downside243.03%567.76%1,767.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)31.9033.9736.1838.5341.0343.7045.01
Payout Ratio37.59%48.07%58.56%69.04%79.52%90.00%92.50%
Projected Dividends (M)11.9916.3321.1826.6032.6339.3341.64

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.81%7.81%7.81%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)15.0115.1515.29
Year 2 PV (M)17.8918.2318.57
Year 3 PV (M)20.6421.2321.83
Year 4 PV (M)23.2624.1525.07
Year 5 PV (M)25.7627.0028.30
PV of Terminal Value (M)566.89594.27622.70
Equity Value (M)669.43700.03731.76
Shares Outstanding (M)13.5813.5813.58
Fair Value$49.29$51.54$53.88
Upside / Downside97.08%106.09%115.43%

High-Yield Dividend Screener

« Prev Page 127 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
688568.SSGeovis Technology Co.,Ltd0.22%$0.1329.11%
688656.SSHOB Biotech Group Corp.,Ltd0.22%$0.3559.52%
FNOX.STFortnox AB (publ)0.22%$0.2015.84%
JHDA.LJames Halstead Plc 5.5% Cum Prf0.22%$0.1779.18%
TSG.JOTsogo Sun Gaming Limited0.22%$1.6065.37%
000757.SZSichuan Haowu Electromechanical Co., Ltd.0.21%$0.0111.69%
000921.SZHisense Home Appliances Group Co., Ltd.0.21%$0.052.13%
002222.SZCASTECH Inc.0.21%$0.1220.85%
002361.SZAnhui Shenjian New Materials Co.,Ltd0.21%$0.0380.50%
002975.SZZhuhai Bojay Electronics Co.,Ltd.0.21%$0.1620.16%
300652.SZHang Zhou Radical Energy-Saving Technology Co., Ltd.0.21%$0.129.46%
300661.SZSG Micro Corp0.21%$0.1516.39%
301018.SZGuangdong Shenling Environmental Systems Co., Ltd.0.21%$0.1429.35%
301021.SZInno Laser Technology Co., Ltd.0.21%$0.1036.19%
600131.SSState Grid Information & Communication Co., Ltd.0.21%$0.035.61%
600201.SSJinyu Bio-technology Co., Ltd.0.21%$0.0333.05%
600301.SSGuangxi Huaxi Nonferrous Metal Co., Ltd. Class A0.21%$0.088.45%
600682.SSNanjing Xinjiekou Department Store Co., Ltd.0.21%$0.0211.05%
688336.SSSunshine Guojian Pharmaceutical (Shanghai) Co., Ltd0.21%$0.128.85%
AEBIAebi Schmidt Holding AG0.21%$0.0321.66%
BGLP.LBlackstone Loan Financing Limited0.21%$0.1455.59%
DEVA.ISDeva Holding A.S.0.21%$0.138.08%
MBN.TOMBN Corporation0.21%$0.0246.46%
SESL.PASES-imagotag S.A.0.21%$0.309.17%
001314.SZEmdoor Information CO.,LTD.0.20%$0.0963.47%
001914.SZChina Merchants Property Operation & Service Co., Ltd.0.20%$0.022.53%
002011.SZZhejiang Dun'an Artificial Environment Co., Ltd0.20%$0.032.32%
002428.SZYunnan Lincang Xinyuan Germanium Industry Co.,LTD0.20%$0.0697.03%
002487.SZDajin Heavy Industry Corporation0.20%$0.105.99%
002707.SZUTour Group Co., Ltd.0.20%$0.0128.41%
002729.SZHollyland (China) Electronics Technology Corporation Limited0.20%$0.0314.08%
002985.SZBeijing Beimo High-tech Frictional Material Co.,Ltd0.20%$0.0635.45%
003007.SZBeijing ZZNode Technologies Co., Ltd.0.20%$0.0728.35%
003920.KSNamyang Dairy Products Co., Ltd0.20%$102.653.91%
0R4M.LLundin Gold Inc.0.20%$1.5561.14%
1U1.DE1&1 AG0.20%$0.055.84%
300342.SZChangshu Tianyin Electromechanical Co.,Ltd0.20%$0.0747.06%
300450.SZWuxi Lead Intelligent Equipment CO.,LTD.0.20%$0.1017.62%
300487.SZSunresin New Materials Co.,Ltd0.20%$0.127.27%
300964.SZJiangsu Allfavor Intelligent Circuits Technology CO.,Ltd0.20%$0.1123.33%
460940.KQP&S Robotics Co., Ltd.0.20%$24.4210.43%
600375.SSHanma Technology Group Co.,Ltd.0.20%$0.013.22%
601975.SSNanjing Tanker Corporation0.20%$0.012.37%
603099.SSChangbai Mountain Tourism Co., Ltd.0.20%$0.0916.71%
6446.TWPharmaEssentia Corporation0.20%$0.997.62%
6857.TAdvantest Corporation0.20%$39.1810.97%
EXENS.PAExosens0.20%$0.107.99%
GFLGFL Environmental Inc.0.20%$0.080.86%
PHLL.LPetershill Partners PLC0.20%$0.7060.08%
SCAP.BKSrisawad Capital 1969 Public Company Limited0.20%$0.001.79%