A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
WESTWOOD HOLDINGS GROUP INC
WHG
$172M
Mkt Cap
$19.22
+0.00%
WESTWOOD HOLDINGS GROUP INC (WHG) has a current P/E ratio of 73.9, compared to its historical median P/E of 13.1. The stock is currently considered Expensive based on its historical valuation range.
WESTWOOD HOLDINGS GROUP INC (WHG) has a 5-year average return on invested capital (ROIC) of 4.1%. This is below average and may indicate limited pricing power.
WESTWOOD HOLDINGS GROUP INC (WHG) has a market capitalization of $171M. It is classified as a small-cap stock.
Yes, WESTWOOD HOLDINGS GROUP INC (WHG) pays a dividend with a trailing twelve-month yield of 4.83%.
Based on historical P/E analysis, WESTWOOD HOLDINGS GROUP INC (WHG) appears expensive. The current P/E of 73.9 is 463% above its historical median of 13.1. The estimated fair value CAGR (P/E method) is -16.9%.
WESTWOOD HOLDINGS GROUP INC (WHG) operates in the Investment Advice industry, within the Financials sector.
WESTWOOD HOLDINGS GROUP INC (WHG) reported annual revenue of $98 million in its most recent fiscal year, based on SEC EDGAR filings.
Unless the context otherwise requires, the term “we,” “us,” “our,” “Westwood,” or “Westwood Holdings Group” when used in this Form 10-K (“Report”) and in the Annual Report to the Stockholders refers to Westwood Holdings Group, Inc., a Delaware corporation, and its consolidated subsidiaries taken as a whole. This Report contains some forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of some events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors including, without limitation, those set forth under “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Item 1A. Risk Factors.” We manage investment assets and provide services for our clients through our subsidiaries, Westwood Management Corp., Westwood Advisors, L.L.C., Salient Advisors, L.P.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 146M | 98M | 95M | 90M | 69M | 73M |
| Net Income | 7.9M | 7.1M | 2.2M | 11M | -4.6M | 9.8M |
| EPS | $1.00 | $0.79 | $0.26 | $1.17 | $-0.59 | $1.23 |
| Free Cash Flow | 23M | 19M | 21M | -1.3M | 51M | 19M |
| ROIC | 3.6% | 5.8% | 1.8% | 9.2% | -4.0% | 7.9% |
| Gross Margin | - | 22.0% | 17.5% | 29.7% | 9.4% | 33.5% |
| Debt/Equity | 0.00 | 0.28 | 0.23 | 0.27 | 0.32 | 0.18 |
| Dividends/Share | $0.93 | $0.60 | $0.64 | $0.61 | $0.72 | $2.89 |
| Operating Income | 4.3M | 5.0M | 830K | 6.0M | -4.9M | 6.0M |
| Operating Margin | 3.0% | 5.1% | 0.9% | 6.7% | -7.1% | 8.2% |
| ROE | 6.3% | 5.8% | 1.8% | 9.2% | -4.0% | 7.9% |
| Shares Outstanding | 9M | 9M | 9M | 9M | 8M | 8M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 113M | 131M | 123M | 134M | 122M | 84M | 65M | 73M | 69M | 90M | 95M | 98M | 146M |
| Gross Margin | 44.6% | 41.7% | 39.1% | 36.9% | N/A | 25.6% | 12.5% | 33.5% | 9.4% | 29.7% | 17.5% | 22.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 5.8M | 8.5M | 9.4M | 9.7M | 9.6M | 9.5M | 8.9M | 8.1M | 9.1M | 13M | 12M | 11M | 11M |
| EBIT | 42M | 42M | 34M | 34M | 36M | 4.6M | -3.4M | 6.0M | -4.9M | 6.0M | 830K | 5.0M | 4.3M |
| Op. Margin | 37.1% | 32.2% | 27.6% | 25.3% | 29.4% | 5.5% | -5.3% | 8.2% | -7.1% | 6.7% | 0.9% | 5.1% | 3.0% |
| Net Income | 27M | 27M | 23M | 20M | 27M | 5.9M | -8.9M | 9.8M | -4.6M | 11M | 2.2M | 7.1M | 7.9M |
| Net Margin | 24.1% | 20.7% | 18.4% | 14.9% | 21.9% | 7.0% | -13.7% | 13.4% | -6.7% | 11.8% | 2.3% | 7.2% | 5.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 3.9M | 3.4M | 0 | 69K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 27.4% | 22.2% | 16.2% | 13.2% | 16.8% | 3.8% | -6.4% | 7.9% | -4.0% | 9.2% | 1.8% | 5.8% | 3.6% |
| ROE | 27.4% | 22.2% | 16.2% | 13.2% | 16.8% | 3.8% | -6.4% | 7.9% | -4.0% | 9.2% | 1.8% | 5.8% | 6.3% |
| ROA | 21.3% | 16.9% | 12.5% | 10.7% | 13.7% | 3.1% | -5.5% | 6.8% | -3.2% | 7.0% | 1.4% | 4.5% | 5.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 27M | 55M | 47M | 48M | 31M | 32M | -9.8M | 19M | 51M | -1.2M | 21M | 19M | 24M |
| Free Cash Flow | 26M | 54M | 46M | 47M | 30M | 32M | -9.9M | 19M | 51M | -1.3M | 21M | 19M | 23M |
| Owner Earnings | 10M | 34M | 27M | 26M | 9.7M | 14M | -19M | 11M | 43M | -13M | 11M | 9.3M | 14M |
| CapEx | 478K | 816K | 1.8M | 884K | 991K | 593K | 93K | 178K | 320K | 147K | 109K | 86K | 0 |
| Maint. CapEx | 2.7M | 3.7M | 4.6M | 5.7M | 6.5M | 7.4M | 2.6M | 2.4M | 2.6M | 4.8M | 4.8M | 4.4M | 4.4M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.7M | 3.7M | 4.6M | 5.7M | 6.5M | 7.4M | 2.6M | 2.4M | 2.6M | 4.8M | 4.8M | 4.4M | 4.4M |
| CapEx/OCF | 1.8% | 1.7% | 3.8% | 2.4% | 3.1% | 1.8% | N/A | 0.1% | N/A | N/A | 16.6% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 14M | 17M | 19M | 22M | 25M | 26M | 11M | 23M | 5.6M | 5.5M | 5.4M | 5.4M | 8.3M |
| Dividend Yield | 5.5% | 6.2% | 7.5% | 7.1% | 8.3% | 13.9% | 10.9% | 20.1% | 6.1% | 5.9% | 5.2% | N/A | 4.8% |
| Share Buybacks | 0 | 0 | 5.6M | 0 | 4.0M | 2.4M | 13M | 3.0M | 2.9M | 0 | 1.3M | 0 | 0 |
| Buyback Yield | 0.2% | N/A | 1.9% | N/A | 2.0% | 1.3% | 15.9% | 2.8% | 3.8% | N/A | 1.2% | 0.0% | 0.0% |
| Stock-Based Comp | 14M | 18M | 16M | 16M | 15M | 10M | 6.7M | 5.8M | 6.0M | 6.5M | 5.5M | 5.1M | 5.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -39M |
| Cash & Equiv. | 18M | 23M | 34M | 54M | 52M | 50M | 13M | 15M | 24M | 20M | 19M | 26M | 39M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.27 | 0.35 | 0.23 | 0.23 | 0.24 | 0.21 | 0.14 | 0.18 | 0.32 | 0.27 | 0.23 | 0.28 | 0.00 |
| Interest Coverage | 2627.3 | 354.8 | 336.7 | 169.5 | 0.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 110M | 134M | 146M | 156M | 161M | 148M | 131M | 118M | 111M | 120M | 120M | 126M | 125M |
| Total Assets | 140M | 181M | 180M | 193M | 199M | 179M | 149M | 140M | 146M | 155M | 150M | 162M | 150M |
| Total Liabilities | 30M | 47M | 34M | 36M | 38M | 30M | 18M | 22M | 36M | 33M | 28M | 36M | 24M |
| Intangibles | 3.4M | 23M | 21M | 20M | 16M | 15M | 14M | 12M | 29M | 25M | 22M | 18M | 17M |
| Retained Earnings | 20M | 30M | 32M | 29M | 31M | 11M | -1.7M | 4.4M | -4.3M | 4.6M | 6.2M | 9.0M | 8.4M |
| Working Capital | 92M | 73M | 86M | 107M | 113M | 96M | 85M | 78M | 41M | N/A | N/A | 0 | 0 |
| Current Assets | 119M | 118M | 116M | 138M | 140M | 117M | 96M | 94M | 58M | N/A | N/A | 0 | 0 |
| Current Liabilities | 27M | 45M | 30M | 32M | 27M | 21M | 12M | 16M | 18M | 6.1M | 6.4M | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 3.45 | 3.33 | 2.77 | 2.38 | 3.13 | 0.70 | -1.12 | 1.23 | -0.59 | 1.17 | 0.26 | 0.79 | 1.00 |
| Owner EPS | 1.28 | 4.17 | 3.28 | 3.08 | 1.14 | 1.71 | -2.39 | 1.41 | 5.47 | -1.39 | 1.27 | 1.04 | 1.58 |
| Book Value | 13.93 | 16.46 | 17.87 | 18.62 | 18.86 | 17.56 | 16.36 | 14.85 | 14.11 | 13.33 | 14.15 | 14.02 | 14.03 |
| Cash Flow/Share | 3.36 | 6.78 | 5.80 | 5.72 | 3.68 | 3.81 | -1.22 | 2.44 | 6.56 | -0.13 | 2.48 | 2.11 | 1.38 |
| Dividends/Share | 1.77 | 2.04 | 2.38 | 2.61 | 2.88 | 3.09 | 1.38 | 2.89 | 0.72 | 0.61 | 0.64 | 0.60 | 0.93 |
| Shares Out. | 7.9M | 8.1M | 8.2M | 8.4M | 8.5M | 8.4M | 8.0M | 7.9M | 7.8M | 9.0M | 8.5M | 9.0M | 8.9M |
| Valuation | |||||||||||||
| P/E Ratio | 9.9 | 9.2 | 13.1 | 17.8 | 7.4 | 30.8 | N/A | 10.9 | N/A | 9.8 | 52.3 | N/A | 19.2 |
| P/FCF | 10.4 | 4.6 | 6.5 | 7.6 | 6.5 | 5.8 | N/A | 5.5 | 1.5 | N/A | 5.5 | N/A | 7.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30.4 |
| Price/Book | 2.5 | 1.9 | 2.0 | 2.3 | 1.2 | 1.2 | 0.6 | 0.9 | 0.7 | 0.9 | 1.0 | N/A | 1.4 |
| Price/Sales | 2.2 | 2.0 | 2.1 | 2.3 | 2.4 | 2.2 | 1.6 | 1.6 | 1.3 | 1.0 | 1.1 | N/A | 1.2 |
| FCF Yield | 9.6% | 21.7% | 15.3% | 13.2% | 15.5% | 17.4% | -12.1% | 18.1% | 67.4% | -1.3% | 18.2% | N/A | 13.6% |
| Market Cap | 271M | 250M | 297M | 357M | 197M | 182M | 81M | 106M | 76M | 104M | 116M | 0 | 171M |
| Avg. Price | 32.14 | 32.92 | 31.76 | 36.58 | 34.88 | 22.27 | 12.65 | 14.35 | 11.77 | 10.26 | 12.42 | 0.00 | 19.22 |
| Year-End Price | 34.25 | 30.76 | 36.35 | 42.45 | 23.08 | 21.55 | 10.17 | 13.39 | 9.67 | 11.48 | 13.59 | 0.00 | 19.22 |
WESTWOOD HOLDINGS GROUP INC passes 1 of 9 quality checks, indicating weak fundamentals.
WESTWOOD HOLDINGS GROUP INC trades at 73.9x trailing earnings, compared to its 15-year median P/E of 13.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 9.3x vs a median of 5.8x. The company's 5-year average ROIC is 4.1% with a gross margin of 22.4%. Total shareholder yield (dividends) is 4.8%. At current prices, the estimated annualized return to fair value is -7.3%.
WESTWOOD HOLDINGS GROUP INC (WHG) has a net profit margin of 7.2%. This is a modest margin.
WESTWOOD HOLDINGS GROUP INC (WHG) generated $19 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WESTWOOD HOLDINGS GROUP INC (WHG) has a debt-to-equity ratio of 0.28. This indicates a conservatively financed balance sheet.
WESTWOOD HOLDINGS GROUP INC (WHG) reported earnings per share (EPS) of $0.79 in its most recent fiscal year.
WESTWOOD HOLDINGS GROUP INC (WHG) has a return on equity (ROE) of 5.8%. This indicates moderate shareholder returns.
WESTWOOD HOLDINGS GROUP INC (WHG) has a 5-year average gross margin of 22.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for WESTWOOD HOLDINGS GROUP INC (WHG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WESTWOOD HOLDINGS GROUP INC (WHG) has a book value per share of $14.02, based on its most recent annual SEC filing.