Farmers National Banc Corp.

NasdaqCM:FMNB Stock Report

Market Cap: US$493.7m

Farmers National Banc Valuation

Is FMNB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FMNB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FMNB ($13.36) is trading below our estimate of fair value ($24.7)

Significantly Below Fair Value: FMNB is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FMNB?

Other financial metrics that can be useful for relative valuation.

FMNB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio314.7x

Price to Earnings Ratio vs Peers

How does FMNB's PE Ratio compare to its peers?

The above table shows the PE ratio for FMNB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.4x
GCBC Greene County Bancorp
18.3xn/aUS$487.1m
HAFC Hanmi Financial
6x-7.0%US$477.2m
SMBC Southern Missouri Bancorp
11.5x12.1%US$497.3m
HTBI HomeTrust Bancshares
9.5x-1.6%US$458.8m
FMNB Farmers National Banc
10x0.03%US$493.7m

Price-To-Earnings vs Peers: FMNB is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (11.4x).


Price to Earnings Ratio vs Industry

How does FMNB's PE Ratio compare vs other companies in the US Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: FMNB is expensive based on its Price-To-Earnings Ratio (10x) compared to the US Banks industry average (9.6x).


Price to Earnings Ratio vs Fair Ratio

What is FMNB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FMNB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: FMNB is expensive based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FMNB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$13.36
US$15.25
+14.1%
10.7%US$18.00US$14.00n/a4
Mar ’25US$13.32
US$15.25
+14.5%
10.7%US$18.00US$14.00n/a4
Feb ’25US$13.74
US$15.67
+14.0%
10.8%US$18.00US$14.00n/a3
Jan ’25US$14.45
US$12.50
-13.5%
4.0%US$13.00US$12.00n/a2
Dec ’24US$12.87
US$12.50
-2.9%
4.0%US$13.00US$12.00n/a2
Nov ’24US$11.33
US$12.50
+10.3%
4.0%US$13.00US$12.00n/a2
Oct ’24US$11.56
US$13.50
+16.8%
5.2%US$14.00US$12.50n/a3
Sep ’24US$13.01
US$14.33
+10.2%
3.3%US$15.00US$14.00n/a3
Aug ’24US$13.78
US$14.33
+4.0%
3.3%US$15.00US$14.00n/a3
Jun ’24US$11.85
US$12.67
+6.9%
3.7%US$13.00US$12.00n/a3
May ’24US$11.84
US$12.67
+7.0%
3.7%US$13.00US$12.00n/a3
Apr ’24US$12.64
US$14.33
+13.4%
3.3%US$15.00US$14.00n/a3
Feb ’24US$14.32
US$14.50
+1.3%
3.4%US$15.00US$14.00US$13.742
Jan ’24US$14.12
US$17.33
+22.8%
10.9%US$20.00US$16.00US$14.453
Dec ’23US$14.93
US$16.83
+12.7%
13.8%US$20.00US$14.50US$12.873
Nov ’23US$13.87
US$17.17
+23.8%
13.1%US$20.00US$14.50US$11.333
Oct ’23US$13.09
US$17.63
+34.6%
9.3%US$20.00US$15.50US$11.564
Sep ’23US$14.33
US$18.75
+30.8%
6.9%US$20.00US$17.00US$13.014
Aug ’23US$14.35
US$18.75
+30.7%
6.9%US$20.00US$17.00US$13.784
Jul ’23US$15.23
US$19.25
+26.4%
4.3%US$20.00US$18.00US$12.374
Jun ’23US$15.52
US$19.75
+27.3%
7.5%US$22.00US$18.00US$11.854
May ’23US$15.32
US$20.25
+32.2%
5.4%US$22.00US$19.00US$11.844
Apr ’23US$17.14
US$21.00
+22.5%
5.8%US$23.00US$20.00US$12.644
Mar ’23US$16.97
US$20.75
+22.3%
6.3%US$23.00US$20.00US$14.554

Analyst Forecast: Target price is less than 20% higher than the current share price.


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