WisdomTree Inc Dossier
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SectorFinancials IndustryAsset Management Beta (adjusted)1.12 Intrinsic Value $15.28median of 6 methods · middle span $9-$35based on filings through 30 Jun 2026 Market Price $24.29Price as of 30 Sep 2026 OvervaluedIntrinsic value is 37% 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 $3.7B Enterprise Value $4.4B Shares Outstanding 152.8M diluted Moat Rating Wide Next Earnings Date30 Oct 2026 Last ex-dividend12 Aug 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 WisdomTree is successfully executing a dual-track growth strategy: expanding its highly profitable core ETF business while establishing a first-mover advantage in tokenized digital assets. The company achieved record AUM of $152.6 billion in Q1 2026, driven by strong organic inflows and market appreciation. Operating leverage is highly visible, with adjusted operating margins expanding by 770 basis points year-over-year to 39.3%. The strategic acquisition of Atlantic House in May 2026 adds $4 billion in higher-fee AUM and accelerates European expansion. While proactive convertible note refinancing introduces short-term share dilution, it significantly optimizes the capital structure for long-term expansion. WisdomTree represents a compelling growth play at the intersection of traditional asset management and blockchain-enabled financial technology. 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. Street view · analyst 12-month targets Low · most bearish analyst$18.30 Mean target$21.33 High · most bullish analyst$24.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $18.30 A prolonged equity market downturn triggers significant AUM depreciation and net outflows from risk-on thematic products. Integration challenges with Atlantic House lead to elevated discretionary spending and compensation costs, compressing operating margins. Regulatory hurdles or slow retail adoption delay the monetization of the WisdomTree Prime platform. Base CaseCentral scenario $21.33 Matches the consensus meanCore ETF inflows remain steady at a 10-15% annualized organic growth rate. Gross margins stabilize within the guided 83-84% range, and the compensation-to-revenue ratio is managed effectively at 27%. Diluted share count successfully declines to ~154 million in the second half of 2026 following note retirements. Digital asset initiatives continue to scale steadily, with WTGXX AUM crossing $1.2 billion. Bull CaseUpside scenario $24.00 Accelerated adoption of the WisdomTree Prime digital wallet and tokenized money market funds (WTGXX) drives exponential growth in digital asset AUM. Strong equity market tailwinds and robust inflows into high-margin thematic and UCITS products push total AUM past $180 billion by year-end. Atlantic House integration delivers immediate cost and revenue synergies, expanding adjusted operating margins beyond 42%. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. 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. |