Wilhelmina International, Inc.

WHLM Industrials Specialty Business Services

Wilhelmina International, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $17.6 million, up 2.31% from fiscal 2023. In the quarter to June 2025, revenue was flat, EPS fell 60.0% and free cash flow fell 80.1%, each against the same quarter a year earlier.

0.50 0.00 0.00%
Market cap
$17.2M
P/E
4.8×
Fwd P/E
5.2×
Dividend yield
—
F-score
8/9
Altman Z
−0.47
Beneish M
−2.87
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 85.16%

Capital & Financial Ratios $m

Market Cap 17.24
Revenue 18.03
Net Income 0.54
Free Cash Flow 1.29
Net Debt (12.71)
Current Ratio 1.74 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 4.84
Fwd P/E 5.21
P/S ratio 0.14
P/B ratio 0.10
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 10.55% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 4.22%
10-year low 10-year high
P/S against its own 10 years 2.69%
10-year low 10-year high
P/B against its own 10 years 2.69%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2022 2023 2024 Q'25
Cash 12 13 15 13
Receivables 9 9 7 9
Inventory — — — —
Other — — — —
22 21 23 22
2022 2023 2024 Q'25
Payables 4 4 5 5
ST’ Debt — — — —
Other 0 — — —
13 12 13 13

Compound Annual Growth %

10y 5y 3y
Sales (13.70%) (25.26%) 3.03%
Cash Flow (5.37%) 10.75% (22.66%)
Earnings (6.49%) 0.00% (48.59%)
Book Value (0.42%) 3.57% 6.61%

Revenue $m

Mar Jun Sep Dec Year
’26 5 5 — — —
’24 4 5 5 4 18
’23 4 4 4 4 17
’22 5 5 4 4 18
’21 12 15 4 4 16
’20 15 5 11 (18) 12
’19 20 20 17 18 76
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) 0 — — —
’24 (1) 0 1 2 3
’23 (1) 0 0 1 1
’22 (1) 0 2 1 3
’21 0 1 1 3 6
’20 (1) (1) (1) 1 (2)
’19 0 0 0 2 2
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) 0 — — —
’24 (1) 0 1 2 3
’23 (1) 0 0 1 1
’22 (1) 0 2 1 2
’21 0 1 1 3 6
’20 (1) (1) (1) 1 (2)
’19 0 0 0 2 1
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.03 0.02 — — —
’24 0.02 0.05 0.06 (0.01) 0.12
’23 0.03 0.00 0.07 (0.01) 0.08
’22 0.14 0.18 0.37 0.00 0.68
’21 0.43 0.22 0.22 0.00 0.88
’20 (0.52) (0.52) 0.00 0.08 (0.96)
’19 (0.02) 0.09 (0.03) (0.96) (0.92)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Trend 2025e 2026e 2027e
Price, $
Price, $ Low — 6.00 5.67 4.90 3.00 2.32 4.25 3.16 3.28 2.74

Analyst estimates 2025–2027

Powerpack
High — 14.12 8.87 7.54 6.84 12.92 14.21 5.83 4.97 7.62
People
People Employees — 121 121 117 114 70 80 85 87 89
Revenue/emp, $m — 0.68 0.60 0.67 0.66 0.17 0.20 0.21 0.20 0.20
Income, $m
Income, $m Revenue — 82 73 78 76 12 16 18 17 18
Gross margin, % — 28.64 28.58 28.58 28.15 100.00 100.00 100.00 100.00 100.00
EBT — 1 (1) 1 (4) (4) 5 3 1 1
EBT margin, % — 1.11 (0.71) 1.53 (5.81) (34.47) 33.17 14.48 4.01 5.83
Net income — 0 0 1 (5) (5) 5 4 0 1
Depreciation — 1 1 1 6 2 1 0 0 0
Per share, $
Per share, $ Revenue — 14.60 13.60 14.61 14.56 2.27 3.12 3.45 3.34 3.41
Earnings — 0.02 0.03 0.16 (0.92) (0.96) 0.88 0.68 0.08 0.12
Cash flow — 0.51 (0.06) 0.71 0.30 (0.38) 1.07 0.49 0.14 0.50
Capex — (0.28) (0.12) (0.08) (0.08) (0.03) 0.00 (0.05) (0.03) 0.00
Free cash flow — 0.23 (0.18) 0.62 0.22 (0.41) 1.07 0.44 0.10 0.49
Book value — 4.51 4.86 4.90 4.12 3.20 4.07 4.69 4.83 4.94
Shares, m — 6 5 5 5 5 5 5 5 5
Valuation, ×
Valuation, × P/E — 875.00 240.75 36.44 0.00 0.00 6.00 5.45 47.90 28.77
P/S — 0.60 0.47 0.40 0.28 2.02 0.77 1.08 1.20 1.04
P/B — 1.94 1.31 1.19 1.00 1.43 1.29 0.80 0.83 0.72
EV/Sales — 0.56 0.44 0.35 0.22 1.79 0.49 0.43 0.48 0.18
EV/FCF — 35.68 (32.75) 8.13 14.61 (9.89) 3.11 3.36 15.25 1.23
Cash, $m
Cash, $m Operating cash flow — 3 0 4 2 (2) 6 3 1 3
Capex — (2) (1) 0 0 0 0 0 0 0
Free cash flow — 1 (1) 3 1 (2) 6 2 1 3
Balance, $m
Balance, $m Working capital — 4 3 4 3 3 6 8 9 10
Total debt — 3 2 3 2 3 0 0 0 0
Net debt — (3) (2) (4) (5) (3) (10) (12) (13) (15)
Shareholders’ equity — 25 26 26 21 17 21 24 25 25
Returns, %
Returns, % ROA — 0.21 0.36 1.98 (11.91) (14.59) 13.27 8.89 1.04 1.46
ROIC — 2.84 (0.78) 3.90 (15.70) (17.95) 12.37 12.29 3.70 4.34
ROE — 0.36 0.63 3.27 (20.16) (26.09) 24.08 15.61 1.76 2.44
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2024 · latest quarter Jun 2025

Charts ten years each

Wilhelmina International, Inc. vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NTIP Network-1 Technologies, Inc. $35.4M — (loss-making) — (loss-making) −72.07% (below 0%: shrinking) n/m −22.09% (below 0%: shrinking) 72.00% 0.00% Compare
ANPA Rich Sparkle Holdings Limited $29.1M — — — — — — — Compare
SST System1, Inc. $23.4M — (loss-making) 23.1× −61.34% (below 0%: shrinking) n/m −127.61% (below 0%: shrinking) 80.38% (27.45%) Compare
PMEC Primech Holdings Ltd. $19.6M — (loss-making) — +43.05% (above 0%: growing) −200.00% (below 0%: shrinking) +7.30% (above 0%: growing) 5.80% 0.00% Compare
PC Premium Catering (Holdings) Limited $19.5M — — — — −1,294.44% (below 0%: shrinking) — — Compare
WHLM Wilhelmina International, Inc. $17.2M 4.8× 5.2× −0.83% (below 0%: shrinking) −60.00% (below 0%: shrinking) −80.08% (below 0%: shrinking) 100.00% 2.22%
LICN Lichen International Limited $14.5M — — — — −574.31% (below 0%: shrinking) — — Compare
SFHG Samfine Creation Holdings Group Limited $8.5M — — — — — — — Compare
SGRP SPAR Group, Inc. $8.2M — (loss-making) 9.7× −4.46% (below 0%: shrinking) n/m +35.87% (above 0%: growing) 22.78% 3.28% Compare
Median of peers $19.6M — — −32.90% — −74.85% 47.39% 0.00%

All 44 Specialty Business Services stocks →

Wilhelmina International, Inc. (WHLM) key facts

  • Strength: Wilhelmina International, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $17.6 million, up 2.31% from fiscal 2023.
  • Wilhelmina International, Inc. (WHLM) is a Specialty Business Services company in the Industrials sector.
  • As of October 12, 2026, WHLM traded at $0.50, a market capitalization of $17.2 million.
  • Return on equity was 2.44% and debt-to-equity 0.00.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is −0.47 (distress zone) for fiscal 2024.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/WHLM · Data as of Jun 30, 2025 · For information only; not investment advice. · © 2026 stockrow.com