FMAO vs SAT

Comparison between Farmers & Merchants Bancorp Inc (FMAO, Company) and Saratoga Investment Corp (SAT, Company).

FMAO vs SAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMAO(COMPANY)	SAT(COMPANY)
Market Cap	$407M	$407M
Max Drawdown	86.78%	9.08%
Sharpe Ratio	0.70	0.98
5Y Beta	0.81	0.02
Industry	Banks - Regional	N/A
P/E Ratio	11.30	10.86
Forward P/E	15.92	N/A
PEG Ratio	0.36	0.36
Dividend Yield	3.17%	N/A
5Y Dividends CAGR	11.02%	N/A
5Y EPS CAGR	8.87%	N/A
Debt to Equity	0.00%	186.64%
Free Cash Flow Yield	7.71%	-21.65%

Market Cap

Winner

FMAO

$407M

SAT

$407M

Max Drawdown

FMAO

86.78%

Winner

SAT

9.08%

Sharpe Ratio

FMAO

0.70

Winner

SAT

0.98

5Y Beta

FMAO

0.81

Winner

SAT

0.02

Industry

FMAO

Banks - Regional

SAT

N/A

P/E Ratio

FMAO

11.30

Winner

SAT

10.86

Forward P/E

FMAO

15.92

SAT

N/A

PEG Ratio

Winner

FMAO

0.36

SAT

0.36

Dividend Yield

FMAO

3.17%

SAT

N/A

5Y Dividends CAGR

FMAO

11.02%

SAT

N/A

5Y EPS CAGR

FMAO

8.87%

SAT

N/A

Debt to Equity

Winner

FMAO

0.00%

SAT

186.64%

Free Cash Flow Yield

Winner

FMAO

7.71%

SAT

-21.65%

FMAO vs SAT - Historical Returns

Returns include dividend reinvestment.

Period	FMAO	SAT
1 month	+7.23%	+0.76%
3 months	+19.55%	+2.74%
6 months	+16.09%	+3.96%
1 year	+22.51%	+7.96%
5 years(CAGR)	+9.48%	+5.76%
10 years(CAGR)	+10.63%	N/A
Max(CAGR)	+0.11%	+5.76%

Winner

FMAO

+7.23%

SAT

+0.76%

Winner

FMAO

+19.55%

SAT

+2.74%

Winner

FMAO

+16.09%

SAT

+3.96%

Winner

FMAO

+22.51%

SAT

+7.96%

5Y(CAGR)

Winner

FMAO

+9.48%

SAT

+5.76%

10Y(CAGR)

FMAO

+10.63%

SAT

N/A

Max(CAGR)

FMAO

+0.11%

Winner

SAT

+5.76%

FMAO vs SAT - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	FMAO	SAT
2026	+22.45%	+3.88%
2025	-9.51%	+6.14%
2024	+28.08%	+10.47%
2023	-1.43%	+10.76%
2022	-15.07%	-6.86%
2021	+46.66%	N/A
2020	-21.82%	N/A
2019	-20.08%	N/A
2018	-2.30%	N/A
2017	+137.12%	N/A
2016	+38.29%	N/A
2015	+3.97%	N/A
2014	+25.14%	N/A
2013	+14.43%	N/A
2012	+18.31%	N/A
2011	+1.77%	N/A
2010	+12.61%	N/A
2009	-11.15%	N/A
2008	+2.98%	N/A
2007	-6.75%	N/A
2006	-74.46%	N/A
2005	-16.58%	N/A
2004	+0.50%	N/A

FMAO vs SAT Drawdown Comparison

The maximum drawdown for FMAO was -84.95%, occurring on Nov 20, 2009. Recovery took 3037 trading sessions.

The maximum drawdown for SAT was -8.80%, occurring on Nov 3, 2022. Recovery took 323 trading sessions.

The current FMAO drawdown is -22.62%. The current SAT drawdown is -0.04%.

Rank	FMAO	SAT
#1	-84.95% Aug 4, 2005 - Sep 6, 2017	-8.80% Aug 4, 2022 - Nov 15, 2023
#2	-62.88% Jun 22, 2018 - Mar 12, 2020	-3.37% May 6, 2022 - Aug 4, 2022
#3	-22.86% Sep 12, 2017 - Dec 18, 2017	-3.02% Dec 31, 2024 - May 15, 2025
#4	-19.53% Dec 20, 2017 - Apr 25, 2018	-2.74% Jun 4, 2024 - Aug 2, 2024
#5	-9.82% May 7, 2018 - Jun 22, 2018	-1.74% Sep 27, 2024 - Nov 14, 2024
#6	-8.70% Jan 10, 2005 - Apr 6, 2005	-1.61% Dec 28, 2023 - Jan 25, 2024
#7	-4.35% Apr 6, 2005 - Aug 4, 2005	-1.54% Jun 13, 2025 - Jul 1, 2025
#8	-1.50% Apr 26, 2018 - May 1, 2018	-1.52% Jan 29, 2024 - Feb 6, 2024
#9	-0.97% Dec 18, 2017 - Dec 20, 2017	-1.40% Apr 4, 2024 - May 14, 2024
#10	-0.31% May 2, 2018 - May 7, 2018	-1.32% Feb 16, 2024 - Mar 20, 2024
#11	-0.09% Sep 7, 2017 - Sep 11, 2017	-1.22% Nov 15, 2024 - Dec 31, 2024
#12	N/A	-1.18% Aug 2, 2024 - Aug 15, 2024
#13	N/A	-1.16% Sep 9, 2025 - Oct 27, 2025
#14	N/A	-0.92% May 27, 2026 - Jun 16, 2026
#15	N/A	-0.70% Aug 21, 2024 - Sep 10, 2024

Correlation

Correlation between FMAO and SAT is 0.37 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.37

-101

Dividend Comparison (2004 - 2026)

FMAO vs SAT dividend yield comparison.

Year	FMAO	SAT
2026	0.78%	2.99%
2025	3.64%	6.06%
2024	3.00%	6.01%
2023	3.43%	6.29%
2022	2.99%	0.00%
2021	2.16%	0.00%
2020	2.87%	0.00%
2019	2.02%	0.00%
2018	1.45%	0.00%
2017	1.23%	0.00%
2016	2.60%	0.00%
2015	3.23%	0.00%
2014	3.14%	0.00%
2013	3.67%	0.00%
2012	3.90%	0.00%
2011	4.33%	0.00%
2010	2.06%	0.00%
2009	4.41%	0.00%
2008	4.20%	0.00%
2007	2.37%	0.00%
2006	4.24%	0.00%
2005	2.22%	0.00%
2004	0.50%	0.00%