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DCF valuation

What is Westwood Holdings Group Inc worth?

With the base-case assumptions below, a discounted cash flow model on Westwood Holdings Group Inc's reported free cash flow gives $50.32 per share. The share price was $18.70 on November 9, 2026, 63% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$18.8M
Average free cash flow, last 5 years
$21.8M
Cash
$24.1M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
8,885,580
Revenue growth per year, last 5 years
8.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.5%3.0%2.0%10.0%$32.37+73%
Base8.5%5.5%2.5%9.0%$50.32+169%
Bull13.5%8.5%3.0%8.0%$86.11+360%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$63.74$67.86$72.90$79.19$87.28
8.0%$53.71$56.38$59.54$63.33$67.96
9.0%$46.38$48.21$50.32$52.78$55.68
10.0%$40.81$42.11$43.58$45.26$47.21
11.0%$36.43$37.39$38.45$39.65$41.01

Where the presets come from

Base: years 1 to 5 grow at Westwood Holdings Group Inc's revenue growth rate over the last 5 fiscal years (8.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Westwood Holdings Group Inc company page