/
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. Management s Discussion and Analysis of Financial Condition and Results of Operations and Item 1A.
$19.80
$0.20 (-1.00%)
EOD Jul 17, 2026
Operating margin is thin at 5.09%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.2%, steady but not accelerating. Free cash flow declined 10% despite revenue growth, conversion is weakening.
Free cash flow declined 10% versus the prior year, cash generation momentum has weakened.
23.9x earnings, 8.6x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$99M
▲ +3.2% YoY
Net Income (TTM)
$7M
▲ +220.1% YoY
Op. Margin
3.56%
▲ +4.2pp YoY
ROIC
2.09%
▲ +2.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$21M
▼ -10.4% YoY
Op. Cash Flow (TTM)
$21M
▼ -10.4% YoY
Net Debt
-$29M
Net Cash Position
Cash & Equiv.
$39M
5Y CAGR: +8.5%
Continue Research
At a P/E of 23.9 and a price-to-free-cash-flow of 8.6, Westwood Holdings Group (WHG) trades below a two-stage DCF intrinsic value of about $43.32 per share, so at $19.80 the stock looks undervalued (118.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Westwood Holdings Group scores 59/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $43.32 per share for WHG, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $32.49. At today's $19.80, that puts the stock about 118.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Westwood Holdings Group scores 59 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 3.6% operating margin and a 2.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Westwood Holdings Group pays a regular dividend of about $0.60 per share per year (typically in quarterly installments), a yield of roughly 3.0% at the current price. That is a payout ratio of about 73.4% of earnings, so the dividend is covered, with less cushion. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For WHG's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. WHG currently trades below its estimated intrinsic value and scores 59/100 on quality (mixed). It also yields about 3.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.