DeFi Development Corp. (DFDV) vs Westwood Holdings Group Inc (WHG)

DeFi Development Corp. and Westwood Holdings Group Inc are both Asset Management companies. DeFi Development Corp. and Westwood Holdings Group Inc are of similar size ($189.5M and $180.4M). DeFi Development Corp. has negative trailing earnings, so its P/E is not meaningful; Westwood Holdings Group Inc trades at 20.5×. DeFi Development Corp. grew revenue faster over the last twelve months: 328.6% against 6.30%. Westwood Holdings Group Inc has the higher net margin (7.73% vs −1,319.5%) and the higher return on invested capital (3.48% vs −79.9%). Across the 17 metrics below, Westwood Holdings Group Inc leads on 14 and DeFi Development Corp. on 3.

Valuation

Metric DFDV WHG Asset Management median
P/E n/m 20.46 14.62
P/S 10.95 1.62 2.97
P/B n/m 1.29 0.94
Price to free cash flow n/m 10.16 8.93
EV/EBITDA n/m 14.45 10.32
EV/Sales 18.53 1.20 5.72
Earnings yield (169.54%) 4.89% 4.53%
Free cash flow yield (87.23%) 9.84% 4.65%

Profitability

Metric DFDV WHG Asset Management median
Gross margin 97.76% 100.00% 100.00%
Operating margin (866.51%) 4.66% 33.03%
Net margin (1,319.46%) 7.73% 13.53%
Free cash flow margin (954.86%) 16.36% 12.44%
Return on equity (589.29%) 6.29% 4.83%
Return on assets (128.23%) 5.21% 1.57%
Return on invested capital (79.93%) 3.48% 3.04%

Growth

Metric DFDV WHG Asset Management median
Revenue growth (TTM) 328.61% 6.30% 6.97%
EPS growth (last fiscal year) (1,335.75%) 203.85% —
Revenue growth, 5-year CAGR 48.79% 8.47% 12.13%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DFDV WHG Asset Management median
Debt to equity (10.02) 0.00 0.42
Current ratio 1.27 3.76 1.28
Net debt to EBITDA (3.50) (5.06) 1.06

Dividend

Metric DFDV WHG Asset Management median
Dividend yield — 5.07% 6.92%
Payout ratio — 3.75 0.77

Size

Metric DFDV WHG Asset Management median
Market cap 189.52m 180.39m 721.34m

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