Westwood Holdings Group Inc Dossier
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SectorFinancials IndustryAsset Management & Custody Banks Beta (adjusted)0.71 Intrinsic Value $13.81median of 5 methods · middle span $9-$17based on filings through 30 Jun 2026 Market Price $18.63Price as of 30 Sep 2026 OvervaluedIntrinsic value is 26% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $177.8M Enterprise Value $155.2M Shares Outstanding 9.1M diluted Moat Rating None Next Earnings Date29 Oct 2026 Last ex-dividend1 Jun 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Westwood Holdings Group (WHG) is successfully executing a strategic pivot toward higher-margin, growth-oriented business lines, including its private energy secondary strategies and an expanding ETF platform. These initiatives have driven assets under management (AUM) to $17.3 billion (total AUM/AUA of $18.3 billion) as of Q1 2026. However, near-term profitability remains constrained by elevated compensation expenses and persistent net outflows in traditional U.S. value equity strategies. While the firm maintains a highly robust, debt-free balance sheet with substantial cash reserves, a 'Hold' recommendation is warranted until the new growth engines scale sufficiently to offset legacy outflows and drive sustained operating margin expansion. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $14.5015% The bear case reflects accelerated outflows in legacy value equity strategies, failure to scale the ETF platform beyond current levels, and persistent margin compression from rising compensation costs. Under this scenario, fee compression and market volatility could drag annual revenues below $90 million and pressure the dividend payout. Base CaseCentral scenario $18.5060% The base case assumes stable AUM around $17.5 billion to $18.5 billion, with private energy and ETF inflows largely offsetting modest outflows in traditional value equities. Revenues are projected to grow moderately to approximately $99.7 million in FY2026, with EPS stabilizing around $0.83 as compensation costs remain elevated but controlled. Bull CaseUpside scenario $22.0025% The bull case is driven by rapid scaling of the ETF platform (surpassing $300 million in Q1 2026) and strong fundraising momentum for the Westwood Energy Secondaries Fund III. Continued wirehouse approvals for key products like MBST and institutional managed investment solutions (MIS) client onboarding could accelerate net inflows, driving operating leverage and significant EPS growth. Scenarios reflect our research view at the research date. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |