Wilhelmina International (WHLM) AI Stock Analysis

Wilhelmina International

(Other OTC:WHLM)

Select Model

Rating:52Neutral

Price Target:$3.50▲(169.23% Upside)

Action:reiterated

Date:12/03/25

WHLM receives a below-average score of 52, primarily driven by valuation concerns and weak technical momentum. The elevated P/E ratio of 28.5 is not justified by the company's thin profit margins (3.8% net, 4.9% EBIT) or deteriorating free cash flow (-33.5% decline), presenting meaningful downside risk. While the strong balance sheet (72 score) and conservative leverage provide a foundation, it is insufficient to offset valuation stretched relative to fundamentals. Technical analysis offers no conviction, with the stock trapped between competing moving averages and neutral momentum indicators. The company's improving profitability is noteworthy but needs to translate into sustainable cash generation and margin expansion to justify current market pricing. Investors should monitor cash flow trends closely and await evidence that growth expectations embedded in the valuation will materialize.

Positive Factors

High Gross MarginAn ~81.9% gross margin reflects a high-value, low-cost service model with strong pricing power and favorable unit economics. Over months, this margin provides a durable earnings buffer, enabling reinvestment in talent, marketing, and platform capabilities despite cyclical demand.

Negative Factors

Thin Net MarginsA 3.8% net margin and low operating margins mean limited bottom-line conversion despite high gross margins. Persistently thin net margins restrict retained earnings accumulation, weaken buffers against industry cyclicality, and limit the company’s ability to sustainably improve shareholder returns.

Wilhelmina International (WHLM) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $6.40M
Dividend Yield: ―
Average Volume (3M): 4,337
Price to Earnings (P/E): 10.8
Beta (1Y): 0.54
Revenue Growth: ―
EPS Growth: ―
Country: US
Employees: 89
Sector: Industrials
Sector Strength: 63
Industry: Specialty Business Services

Wilhelmina International Business Overview & Revenue Model

Company Description

At its core, Wilhelmina International, Inc. operates as a fashion model management enterprise. The company excels in representing and managing a wide spectrum of talent, including models, entertainers, and athletes, offering their services to diverse...

How the Company Makes Money

Wilhelmina International generates revenue primarily through commissions on bookings for models and talent represented by the agency. The company charges a percentage of the fees earned by models for various engagements, including photoshoots, runway...

Wilhelmina International Financial Statement Overview

Summary

Mixed financial health with a strong balance sheet (72 score) providing stability, but offset by moderate income statement performance (55 score) and weak cash flow generation (48 score). The company shows improving profitability with a 3.8% net margin and conservative debt-to-equity of 0.12, but operating cash flow conversion is concerning at 0.14x, and free cash flow declined 33.5% year-over-year, signaling potential liquidity pressure despite earnings recovery.

Income Statement

55Neutral

Balance Sheet

72Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.03M	17.61M	17.21M	17.78M	56.81M	41.60M
Gross Profit	14.79M	17.61M	17.21M	17.59M	16.10M	11.72M
EBITDA	1.06M	1.22M	906.00K	2.78M	6.25M	-2.70M
Net Income	544.00K	614.00K	433.00K	3.53M	4.52M	-4.94M
Balance Sheet
Total Assets	41.36M	42.41M	41.66M	41.99M	37.42M	30.64M
Cash, Cash Equivalents and Short-Term Investments	12.78M	15.46M	12.71M	12.00M	10.25M	5.56M
Total Debt	3.19M	3.19M	3.97M	3.84M	2.03M	3.56M
Total Liabilities	16.35M	16.95M	16.77M	17.78M	16.41M	14.14M
Stockholders Equity	25.01M	25.46M	24.90M	24.21M	21.01M	16.51M
Cash Flow
Free Cash Flow	1.30M	2.54M	540.00K	2.25M	5.52M	-2.12M
Operating Cash Flow	1.32M	2.56M	705.00K	2.52M	5.54M	-1.97M
Investing Cash Flow	456.00K	-65.00K	-6.69M	-268.00K	-19.00K	-154.00K
Financing Cash Flow	-924.00K	-31.00K	-63.00K	-62.00K	-787.00K	605.00K

Wilhelmina International Technical Analysis

Technical Analysis SentimentPositive

Last Price1.30

Price Trends

50DMA0.58Positive

100DMA0.85Positive

200DMA2.07Negative

Market Momentum

MACD0.19Negative

RSI99.29Negative

STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WHLM, the sentiment is Positive. The current price of 1.30 is above the 20-day moving average (MA) of 0.70, above the 50-day MA of 0.58, and below the 200-day MA of 2.07, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 99.29 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WHLM.

Wilhelmina International Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

WHLM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
WHLM	52Neutral	$6.40M	10.83	2.44%	―	―	―

* Industrials Sector Average

Performance Comparison

WHLM and its peers over the selected period
Show on chart	Ticker	Company Name	Price	Change	% Change
	WHLM	Wilhelmina International, Inc.	1.30	-1.60	-55.17%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Dec 03, 2025

Wilhelmina International AI Stock Analysis