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Fair Value for Farmers & Merchants Bancorp (FMCB)

See growth priced into Farmers & Merchants Bancorp (FMCB): reverse DCF, implied rate vs history and analysts, FCF view. Free intrinsic value calculator for education.

Fair value (multi-method)

Four independent methods triangulate what FMCB is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.

Estimated fair value (Forward DCF)

$12,413.53

Margin of safety
+89.36% vs current price $1,320.25

Method range

$889.33 $12,413.53

median $1,325.20

Methods disagree

Valuation methods

Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.

  • Forward DCF$12,413.53
  • Exit multiple$1,325.20
  • Analyst target
  • Graham number$889.33

Stock price

$1320.25

FCF / share (TTM)

$46.52

3Y FCF CAGR

17.2%

Fair value @ hist. growth

$6166.41

This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.

Implied FCF growth

-1.0%

per year over your projection horizon

Discount vs DCF

Margin of safety 78.6% vs hist-growth DCF

Historical 3Y CAGR

17.2%

Your model implies

-1.0%

Analyst consensus is EPS-only — no comparable FCF / share estimate to show on this basis.

Model inputs

Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.

Discount rate (cost of equity proxy)5.2%
Terminal growth2.50%
Projection years10 yr
FCF growth per year (supplemental projection)17%
3Y CAGR 17%

Undiscounted FCF per share over 10 years at 17% annual growth.

Sensitivity — implied growth vs your assumptions

Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.

Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount1.5%2.0%2.5%3.0%3.5%
5.0%1.2%-0.1%-1.7%-3.6%-6.1%
5.0%1.2%-0.1%-1.7%-3.6%-6.1%
5.2%1.8%0.5%-1.0%-2.8%-5.0%
6.2%4.8%3.8%2.7%1.4%-0.1%
7.2%7.4%6.6%5.7%4.7%3.6%
Color≤ historical CAGRModerate premiumHigh premium (≥ 15pp above hist)Your inputs

Historical multiples

Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.

P/EToday8.2· at low
5Y low8.2
Median9.1
5Y high11.4
P/SToday2.5· at low
5Y low2.5
Median3.0
5Y high4.1
EV/EBITDAToday4.8· at high
5Y low0.6
Median3.4
5Y high4.8

PEG

2.42

Demanding vs growth

Net cash

$135M

Total debt − cash

Beta

0.12

Vs market benchmark

Frequently asked questions