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Farmers & Merchants Bancorp
OTC:FMCB

Watchlist Manager
Farmers & Merchants Bancorp
OTC:FMCB
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Price: 1 170 USD 0.69% Market Closed
Market Cap: $842.4m
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+18%
5Y
+55%
10Y
+12%
Investing Cash Flow
+
3Y
+12%
5Y
+43%
10Y
-15%
Financing Cash Flow
+
3Y
-62%
5Y
-82%
10Y
-46%

Cash Flow Statement
Farmers & Merchants Bancorp

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Cash Flow Statement
Currency: USD
Sep-2001 Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
12
12
12
13
13
13
14
14
15
15
15
16
16
16
17
17
18
18
19
19
20
21
21
22
22
23
23
23
23
23
23
20
20
20
20
21
21
21
21
21
21
22
22
23
23
23
23
24
24
24
24
25
25
25
26
26
27
27
28
29
29
30
30
31
32
28
30
33
36
46
49
53
54
56
57
57
58
59
61
63
66
66
67
69
71
75
82
87
88
87
109
88
88
89
90
92
Depreciation & Amortization
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
2
3
3
3
3
3
3
3
Change in Deffered Taxes
(1)
(0)
0
0
1
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(1)
0
(2)
(2)
0
0
(1)
(1)
0
0
(2)
0
0
0
(1)
0
0
0
(7)
0
0
0
(2)
0
0
0
(1)
0
0
0
(3)
0
0
0
(9)
0
0
0
6
0
0
0
(1)
0
0
0
(2)
0
0
0
13
0
0
0
5
0
0
0
(3)
0
0
0
(2)
0
0
0
(1)
(1)
(2)
1
4
8
(0)
(6)
(6)
(2)
2
8
12
1
6
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
5
8
Other Non-Cash Items
(0)
(0)
(0)
(0)
(0)
0
0
1
1
2
2
1
1
1
1
1
1
1
0
0
0
(0)
(0)
(0)
(0)
0
1
0
0
0
(1)
(2)
(2)
(3)
(2)
(0)
(1)
0
1
1
2
1
2
3
3
4
3
3
3
2
3
2
2
2
2
2
1
1
1
1
2
(0)
(1)
(2)
(2)
0
1
1
0
0
1
1
1
1
0
1
1
1
1
1
1
(1)
(1)
(2)
(3)
(2)
(6)
(6)
(6)
(3)
(1)
(4)
(4)
(2)
(1)
4
Cash Taxes Paid
0
8
0
0
0
7
0
0
0
8
0
0
0
12
0
0
0
13
0
0
0
12
0
0
0
15
0
0
0
16
0
0
0
16
0
0
0
16
0
0
0
12
0
0
0
17
0
29
31
17
17
13
14
15
15
11
9
8
9
13
13
13
13
15
16
14
0
7
6
8
0
10
7
7
7
3
10
10
10
29
25
30
0
20
19
12
12
1
13
13
20
17
8
10
11
14
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
3
4
4
3
3
3
3
3
3
3
4
4
4
4
5
6
6
6
7
7
8
8
9
11
12
13
13
12
11
9
8
6
4
3
4
4
6
8
21
29
39
60
23
65
67
64
100
Change in Working Capital
2
1
(6)
(12)
(0)
4
22
10
(0)
(3)
(14)
1
2
3
(4)
2
0
(2)
6
1
(4)
(0)
(1)
(4)
2
1
(1)
(3)
(2)
(1)
(1)
6
11
1
0
(4)
(3)
9
15
17
15
6
10
3
1
5
(10)
1
(0)
8
29
5
5
(8)
(23)
(2)
57
8
6
1
(55)
6
9
4
10
(3)
(7)
8
7
4
10
5
3
24
25
18
8
(3)
3
(10)
1
(7)
(7)
17
16
22
28
33
15
5
(3)
0
8
7
16
(2)
Cash from Operating Activities
14
N/A
15
+3%
7
-49%
3
-64%
15
+458%
18
+21%
37
+106%
26
-31%
16
-36%
14
-13%
3
-76%
18
+442%
19
+4%
20
+8%
14
-31%
20
+46%
19
-5%
17
-12%
25
+48%
21
-17%
16
-26%
21
+33%
20
-2%
18
-10%
25
+36%
24
-6%
23
-4%
20
-12%
20
+1%
23
+14%
22
-3%
25
+11%
30
+21%
13
-57%
13
0%
11
-15%
12
+8%
30
+155%
37
+22%
40
+8%
38
-4%
30
-20%
35
+14%
30
-14%
28
-6%
32
+13%
15
-51%
27
+76%
26
-6%
27
+6%
48
+78%
25
-48%
24
-4%
26
+9%
12
-56%
34
+189%
92
+174%
37
-60%
37
-2%
32
-13%
(23)
N/A
35
N/A
38
+9%
33
-12%
40
+20%
40
0%
39
-2%
57
+45%
58
+3%
58
-1%
68
+17%
67
-2%
67
+1%
81
+20%
82
+2%
76
-8%
67
-11%
58
-13%
67
+15%
56
-16%
70
+24%
60
-14%
60
0%
84
+40%
88
+4%
102
+16%
115
+13%
116
+2%
93
-20%
86
-7%
107
+23%
90
-16%
104
+16%
109
+5%
110
+1%
104
-5%
Investing Cash Flow
Capital Expenditures
(1)
(1)
(2)
(2)
(1)
(2)
(1)
(1)
(2)
(1)
(1)
(2)
(2)
(5)
(5)
(6)
(6)
(4)
(5)
(5)
(5)
(5)
(4)
(3)
(2)
(2)
(2)
(4)
(4)
(3)
(4)
(3)
(5)
(5)
(4)
(3)
(2)
(1)
(1)
(2)
(2)
(2)
(2)
(1)
(0)
(1)
(0)
(1)
(1)
(2)
(2)
(3)
(4)
(4)
(5)
(5)
(4)
(3)
(2)
(1)
(1)
(2)
(2)
(3)
(4)
(4)
(4)
(5)
(5)
(5)
(4)
(3)
(2)
(16)
(16)
(19)
(21)
(8)
(6)
(4)
(3)
(2)
(2)
(2)
(4)
(4)
(5)
(5)
(5)
(4)
(4)
(2)
(2)
(3)
(5)
(6)
Other Items
(20)
(74)
(51)
(46)
(50)
(64)
(187)
(165)
(154)
(144)
(43)
(103)
(82)
(75)
(86)
(69)
(114)
(104)
(98)
(107)
(103)
(50)
(76)
(62)
(69)
(98)
(144)
(101)
(115)
(150)
(56)
(195)
(159)
(108)
(65)
50
29
(42)
(154)
(115)
(66)
(38)
(62)
(94)
(79)
(29)
(58)
(82)
(69)
(147)
(32)
(130)
(231)
(275)
(297)
(265)
(294)
(256)
(240)
(207)
(134)
(184)
(182)
(172)
(182)
(78)
(147)
(117)
(161)
(201)
(174)
(150)
(112)
(120)
(117)
(545)
(576)
(729)
(821)
(204)
(294)
(294)
(290)
(502)
(382)
(311)
(88)
(134)
(142)
(361)
(351)
(395)
(272)
(102)
(218)
(335)
Cash from Investing Activities
(21)
N/A
(76)
-256%
(53)
+30%
(48)
+10%
(51)
-7%
(66)
-29%
(188)
-186%
(167)
+11%
(155)
+7%
(145)
+7%
(45)
+69%
(106)
-137%
(84)
+20%
(81)
+4%
(92)
-14%
(75)
+18%
(120)
-59%
(108)
+10%
(104)
+4%
(112)
-8%
(109)
+3%
(55)
+50%
(80)
-45%
(65)
+19%
(70)
-9%
(100)
-41%
(146)
-47%
(106)
+28%
(119)
-13%
(153)
-29%
(60)
+61%
(199)
-230%
(164)
+18%
(113)
+31%
(69)
+39%
47
N/A
27
-43%
(43)
N/A
(155)
-257%
(117)
+24%
(67)
+43%
(40)
+41%
(63)
-59%
(95)
-50%
(79)
+16%
(29)
+63%
(58)
-100%
(83)
-42%
(70)
+16%
(149)
-114%
(34)
+77%
(133)
-293%
(235)
-77%
(279)
-19%
(303)
-8%
(269)
+11%
(297)
-10%
(258)
+13%
(241)
+7%
(208)
+14%
(135)
+35%
(185)
-38%
(184)
+1%
(175)
+5%
(186)
-6%
(82)
+56%
(151)
-84%
(121)
+20%
(166)
-37%
(205)
-24%
(178)
+13%
(153)
+14%
(114)
+26%
(136)
-19%
(133)
+2%
(564)
-324%
(597)
-6%
(737)
-23%
(828)
-12%
(208)
+75%
(296)
-42%
(296)
+0%
(292)
+1%
(504)
-73%
(386)
+23%
(315)
+18%
(94)
+70%
(139)
-48%
(147)
-5%
(365)
-149%
(355)
+3%
(397)
-12%
(275)
+31%
(104)
+62%
(223)
-113%
(341)
-53%
Financing Cash Flow
Net Issuance of Common Stock
(0)
(0)
(5)
(5)
(5)
(5)
(1)
(2)
(2)
(1)
(2)
(1)
(3)
(3)
(2)
(3)
(4)
(4)
(5)
(6)
(6)
(6)
(5)
(3)
(3)
(5)
(7)
(8)
(6)
(6)
(6)
(5)
(4)
(2)
(1)
(0)
(0)
(1)
(1)
(1)
(1)
0
(0)
(0)
(1)
(1)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(31)
(31)
0
0
0
0
0
0
0
(3)
0
0
0
0
(4)
(12)
(18)
(20)
(22)
(19)
(20)
(20)
(24)
(14)
(45)
(41)
(42)
(43)
Net Issuance of Debt
0
0
0
0
0
0
60
81
71
81
(10)
(26)
(61)
(31)
(40)
5
35
18
50
44
63
(51)
(65)
(71)
(113)
(19)
24
(63)
(25)
(28)
(49)
(0)
(0)
19
(0)
4
(0)
(20)
(0)
(4)
(0)
(0)
(0)
50
(0)
(1)
(1)
(8)
5
0
0
(31)
30
0
0
(12)
(31)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash Paid for Dividends
(4)
(4)
(4)
(4)
(4)
(5)
0
(5)
(5)
(5)
0
(6)
(6)
(6)
0
(6)
(6)
(7)
0
(7)
(7)
(7)
0
(7)
(7)
(8)
0
(8)
(8)
(8)
0
(9)
(9)
(9)
0
(9)
(9)
(9)
0
(9)
(9)
(9)
0
(9)
(9)
(9)
0
(10)
(10)
(10)
0
(10)
(10)
(10)
0
(10)
(10)
(10)
0
(10)
(10)
(10)
0
(11)
(11)
(11)
0
(11)
(11)
(11)
0
(11)
(11)
(11)
0
(11)
(11)
(12)
0
(12)
(12)
(12)
0
(12)
(12)
(12)
0
(13)
(13)
0
(19)
(13)
(13)
0
(13)
(17)
Other
48
55
44
11
21
47
63
78
76
38
57
111
118
97
123
60
71
102
54
63
48
95
179
155
172
112
71
177
175
182
202
144
96
65
10
(56)
3
68
92
114
89
60
66
8
(18)
36
11
78
62
86
125
152
182
256
271
301
256
213
145
165
223
201
247
230
250
142
94
35
68
148
115
136
171
215
247
757
675
782
986
630
754
580
596
357
341
119
(298)
(160)
(91)
520
58
(40)
31
(82)
163
176
Cash from Financing Activities
43
N/A
50
+17%
35
-31%
2
-93%
12
+397%
38
+217%
117
+210%
152
+29%
140
-8%
113
-19%
40
-65%
78
+94%
49
-37%
57
+16%
75
+33%
56
-26%
96
+73%
109
+14%
92
-16%
94
+2%
98
+4%
30
-69%
102
+236%
73
-28%
48
-34%
80
+67%
80
0%
98
+22%
135
+38%
139
+3%
139
0%
130
-6%
84
-36%
74
-12%
0
-99%
(61)
N/A
(6)
+91%
39
N/A
83
+110%
100
+21%
79
-21%
50
-36%
56
+12%
49
-13%
(28)
N/A
25
N/A
1
-97%
60
+7 425%
58
-4%
76
+31%
116
+52%
111
-4%
203
+83%
246
+22%
261
+6%
279
+7%
216
-23%
203
-6%
135
-34%
154
+15%
207
+34%
190
-8%
237
+25%
220
-7%
239
+9%
131
-45%
83
-37%
24
-71%
25
+4%
106
+320%
73
-31%
94
+30%
160
+70%
204
+28%
236
+16%
745
+216%
664
-11%
768
+16%
971
+27%
615
-37%
739
+20%
568
-23%
580
+2%
333
-43%
311
-7%
86
-72%
(332)
N/A
(192)
+42%
(124)
+35%
487
N/A
15
-97%
(67)
N/A
(27)
+60%
(135)
-396%
109
N/A
117
+7%
Change in Cash
Net Change in Cash
36
N/A
(11)
N/A
(11)
+2%
(43)
-302%
(24)
+43%
(10)
+59%
(34)
-238%
11
N/A
1
-87%
(18)
N/A
(1)
+94%
(10)
-741%
(17)
-74%
(4)
+78%
(2)
+34%
1
N/A
(4)
N/A
19
N/A
14
-26%
3
-78%
5
+58%
(4)
N/A
43
N/A
27
-38%
3
-91%
4
+75%
(43)
N/A
12
N/A
36
+198%
9
-74%
101
+978%
(44)
N/A
(50)
-15%
(26)
+48%
(56)
-113%
(3)
+94%
33
N/A
26
-21%
(35)
N/A
22
N/A
50
+123%
41
-18%
28
-33%
(16)
N/A
(79)
-397%
28
N/A
(42)
N/A
5
N/A
14
+212%
(46)
N/A
130
N/A
3
-98%
(8)
N/A
(7)
+22%
(30)
-355%
43
N/A
11
-74%
(18)
N/A
(70)
-297%
(22)
+69%
49
N/A
39
-20%
91
+130%
77
-15%
94
+21%
88
-6%
(30)
N/A
(40)
-36%
(82)
-105%
(42)
+50%
(37)
+11%
8
N/A
113
+1 351%
149
+32%
185
+24%
257
+39%
134
-48%
89
-34%
210
+136%
463
+120%
512
+11%
332
-35%
348
+5%
(87)
N/A
12
N/A
(127)
N/A
(311)
-145%
(215)
+31%
(178)
+17%
209
N/A
(234)
N/A
(375)
-61%
(198)
+47%
(131)
+34%
(4)
+97%
(121)
-2 784%

See Also

Summary
FMCB intrinsic value, competitors valuation, and company profile.
DCF Valuation
FMCB stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FMCB stock valuation using valuation multiples.
Wall Street Estimates
FMCB price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FMCB stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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