Westwood Holdings Group Inc

Finance
Investment Managers
www.westwoodgroup.com

Earnings Score
Moat Score

Market Cap $125.27M
PE 34
Debt $NaN
Cash $22.79M
EV $NaN
FCF $16.65M

Earnings

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Sales & Net Margins

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Earnings	$3.74M
EBIT	$4.39M
ROE	3%
ROA	3%
FCF	$16.65M
Equity	$120.38M
Growth Stability	-206%
PE	33.5
PEG	11.3
PB	1.04
P/FCF	7.52
P/S	1.36
Price/Cash	0.18
Net Margins	0%
Op. Margins	5%
Earnings CAGR	-9%
Sales Growth YoY	8%
Sales Growth QoQ	5%
Sales CAGR	-7%
FCF CAGR	-6%
Equity CAGR	-2%
Earnings Stability	0.23
Earnings Growth YoY	-95%
Earnings Growth QoQ	-107%

Earnings CAGR 5Y	3%
Sales CAGR 5Y	5%
FCF CAGR 5Y	-10%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	13%
Sales CAGR 3Y	13%
FCF CAGR 3Y	-22%
Equity CAGR 3Y	2%
Market Cap	$125.27M
Revenue	$92.37M
Dividend Yield	4%
Payout Ratio	145%
Assets	$151.50M
Cash	$22.79M
Shares Outstanding	8.12M
Earnings Score	4%
Moat Score	33%
Working Capital	52.45M
Current Ratio	4.24
Shares Growth 3y	1%
Equity Growth QoQ	-0%
Equity Growth YoY	0%

Assets & ROA

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Stockholders Equity & ROE

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Westwood Holdings Group Inc through its subsidiaries is engaged in managing investment assets and providing services for its clients. The company operates its business through the Advisory and Trust segments. Its advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals and the Westwood Funds, as well as investment sub-advisory services to mutual funds and its trust segment. The Trust segment offers trust and custodial services to its clients and to its advisory segment and sponsors common trust funds to institutions and high net worth individuals. It generates maximum revenue from the Advisory segment. Geographically, it derives a majority of revenue from the United States.

SEC Filings

Direct access to Westwood Holdings Group Inc (WHG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Westwood Holdings Group Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Westwood Holdings Group Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -9%

Stability 23%

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Westwood Holdings Group Inc Discounted Cash Flow

Fully customizable DCF calculator online for Westwood Holdings Group Inc.

Years

Calculation mode

= $112M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$17M	$16M	$15M	$14M	$13M	$12M	$11M	$11M	$10M	$9.5M	$9M	$90M
DCF		$14M	$12M	$10M	$8.9M	$7.6M	$6.5M	$5.5M	$4.7M	$4M	$3.5M	$35M
Value	$112M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	24%	21%	18%	15%	22%	7%	-14%	13%	-7%	12%	0%
ROA	-	23%	19%	18%	19%	5%	-2%	10%	-3%	9%	3%
ROE	-	20%	16%	13%	17%	4%	-7%	8%	-4%	9%	3%

Bad Net Margins (0.16%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	78%	100%	26%	-51%	100%	-206%	-	-206%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-206%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	16%	-6%	9%	-9%	-31%	-23%	12%	-6%	31%	5%
Earnings YoY growth	-	-1%	-16%	-12%	34%	-78%	-251%	-209%	-147%	-328%	3%
Equity YoY growth	-	22%	9%	7%	3%	-8%	-12%	-10%	-6%	11%	-3%
FCF YoY growth	-	108%	-16%	3%	-35%	4%	-131%	-295%	166%	-103%	-10%