WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
NASDAQ:WHF - Nasdaq - US96524V1061 - Common Stock - Currency: USD
Overall WHF gets a fundamental rating of 3 out of 10. We evaluated WHF against 225 industry peers in the Capital Markets industry. While WHF is still in line with the averages on profitability rating, there are concerns on its financial health. WHF has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year WHF was profitable.
In the past year WHF had a positive cash flow from operations.
Each year in the past 5 years WHF has been profitable.
The reported operating cash flow has been mixed in the past 5 years: WHF reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.52%, WHF is in line with its industry, outperforming 42.67% of the companies in the same industry.
WHF's Return On Equity of 3.50% is on the low side compared to the rest of the industry. WHF is outperformed by 65.78% of its industry peers.
WHF has a better Return On Invested Capital (4.84%) than 64.89% of its industry peers.
WHF had an Average Return On Invested Capital over the past 3 years of 3.78%. This is below the industry average of 6.83%.
The 3 year average ROIC (3.78%) for WHF is below the current ROIC(4.84%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.52% | ||
| ROE | 3.5% | ||
| ROIC | 4.84% |
ROA(3y)2.77%
ROA(5y)3.52%
ROE(3y)6.59%
ROE(5y)7.95%
ROIC(3y)3.78%
ROIC(5y)3.62%
1.3 Margins
WHF has a Profit Margin (10.65%) which is comparable to the rest of the industry.
WHF's Profit Margin has declined in the last couple of years.
WHF has a Operating Margin of 40.91%. This is in the better half of the industry: WHF outperforms 71.56% of its industry peers.
WHF's Operating Margin has been stable in the last couple of years.
WHF has a Gross Margin (46.99%) which is in line with its industry peers.
In the last couple of years the Gross Margin of WHF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.91% | ||
| PM (TTM) | 10.65% | ||
| GM | 46.99% |
OM growth 3Y1.84%
OM growth 5Y0.91%
PM growth 3Y-27.26%
PM growth 5Y-26.25%
GM growth 3Y0.21%
GM growth 5Y0.08%
2. Health
2.1 Basic Checks
WHF has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, WHF has more shares outstanding
WHF has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.62, we must say that WHF is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of WHF (0.62) is worse than 61.33% of its industry peers.
The Debt to FCF ratio of WHF is 4.80, which is a neutral value as it means it would take WHF, 4.80 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of WHF (4.80) is better than 64.89% of its industry peers.
A Debt/Equity ratio of 1.19 is on the high side and indicates that WHF has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.19, WHF is in line with its industry, outperforming 40.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.62 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.59 indicates that WHF may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.59, WHF is doing worse than 73.33% of the companies in the same industry.
WHF has a Quick Ratio of 0.59. This is a bad value and indicates that WHF is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.59, WHF is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The earnings per share for WHF have decreased by -7.31% in the last year.
WHF shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.38% yearly.
The Revenue has decreased by -5.92% in the past year.
The Revenue has been growing by 10.30% on average over the past years. This is quite good.
EPS 1Y (TTM)-7.31%
EPS 3Y12.88%
EPS 5Y8.38%
EPS Q2Q%-13.98%
Revenue 1Y (TTM)-5.92%
Revenue growth 3Y18.73%
Revenue growth 5Y10.3%
Sales Q2Q%-11.66%
3.2 Future
WHF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.71% yearly.
The Revenue is expected to decrease by -16.44% on average over the next years. This is quite bad
EPS Next Y-9.37%
EPS Next 2Y-10.62%
EPS Next 3Y-6.71%
EPS Next 5YN/A
Revenue Next Year-15.04%
Revenue Next 2Y-11.5%
Revenue Next 3Y-16.44%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.18, which indicates a rather cheap valuation of WHF.
WHF's Price/Earnings ratio is rather cheap when compared to the industry. WHF is cheaper than 92.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.71. WHF is valued rather cheaply when compared to this.
WHF is valuated cheaply with a Price/Forward Earnings ratio of 7.28.
WHF's Price/Forward Earnings ratio is rather cheap when compared to the industry. WHF is cheaper than 91.56% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WHF to the average of the S&P500 Index (22.34), we can say WHF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.18 | ||
| Fwd PE | 7.28 |
4.2 Price Multiples
86.67% of the companies in the same industry are more expensive than WHF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.38 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
WHF's earnings are expected to decrease with -6.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.74
EPS Next 2Y-10.62%
EPS Next 3Y-6.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.96%, WHF is a good candidate for dividend investing.
WHF's Dividend Yield is rather good when compared to the industry average which is at 8.97. WHF pays more dividend than 88.00% of the companies in the same industry.
WHF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.96% |
5.2 History
The dividend of WHF has a limited annual growth rate of 1.50%.
WHF has been paying a dividend for at least 10 years, so it has a reliable track record.
WHF has decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.5%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
WHF pays out 341.62% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of WHF has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP341.62%
EPS Next 2Y-10.62%
EPS Next 3Y-6.71%
NASDAQ:WHF (3/6/2025, 9:55:01 AM)
10.7
-0.09 (-0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners16.75%
Inst Owner Change9.49%
Ins Owners21.31%
Ins Owner Change0%
Market Cap248.67M
Analysts48.33
Price Target12.07 (12.8%)
Short Float %1.46%
Short Ratio2.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.96% |
Yearly Dividend1.52
Dividend Growth(5Y)1.5%
DP341.62%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.59%
Min EPS beat(2)-10.88%
Max EPS beat(2)-4.29%
EPS beat(4)1
Avg EPS beat(4)-3.91%
Min EPS beat(4)-10.88%
Max EPS beat(4)0.45%
EPS beat(8)4
Avg EPS beat(8)-0.1%
EPS beat(12)5
Avg EPS beat(12)-2.07%
EPS beat(16)7
Avg EPS beat(16)-1.49%
Revenue beat(2)0
Avg Revenue beat(2)-7.11%
Min Revenue beat(2)-11.74%
Max Revenue beat(2)-2.49%
Revenue beat(4)1
Avg Revenue beat(4)-7.85%
Min Revenue beat(4)-17.91%
Max Revenue beat(4)0.75%
Revenue beat(8)4
Avg Revenue beat(8)-2.37%
Revenue beat(12)5
Avg Revenue beat(12)-2.52%
Revenue beat(16)6
Avg Revenue beat(16)-1.96%
PT rev (1m)4.03%
PT rev (3m)2.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.51%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-7.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.18 | ||
| Fwd PE | 7.28 | ||
| P/S | 2.55 | ||
| P/FCF | 3.38 | ||
| P/OCF | 3.38 | ||
| P/B | 0.84 | ||
| P/tB | 0.84 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.73
EY16.17%
EPS(NY)1.47
Fwd EY13.75%
FCF(TTM)3.16
FCFY29.55%
OCF(TTM)3.16
OCFY29.55%
SpS4.19
BVpS12.77
TBVpS12.77
PEG (NY)N/A
PEG (5Y)0.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.52% | ||
| ROE | 3.5% | ||
| ROCE | 6.13% | ||
| ROIC | 4.84% | ||
| ROICexc | 4.93% | ||
| ROICexgc | 4.93% | ||
| OM | 40.91% | ||
| PM (TTM) | 10.65% | ||
| GM | 46.99% | ||
| FCFM | 75.41% |
ROA(3y)2.77%
ROA(5y)3.52%
ROE(3y)6.59%
ROE(5y)7.95%
ROIC(3y)3.78%
ROIC(5y)3.62%
ROICexc(3y)3.84%
ROICexc(5y)3.67%
ROICexgc(3y)3.84%
ROICexgc(5y)3.67%
ROCE(3y)4.79%
ROCE(5y)4.59%
ROICexcg growth 3Y20.75%
ROICexcg growth 5Y2.87%
ROICexc growth 3Y20.75%
ROICexc growth 5Y2.87%
OM growth 3Y1.84%
OM growth 5Y0.91%
PM growth 3Y-27.26%
PM growth 5Y-26.25%
GM growth 3Y0.21%
GM growth 5Y0.08%
F-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.8 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.45 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 708.2% | ||
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 0.62 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.31%
EPS 3Y12.88%
EPS 5Y8.38%
EPS Q2Q%-13.98%
EPS Next Y-9.37%
EPS Next 2Y-10.62%
EPS Next 3Y-6.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.92%
Revenue growth 3Y18.73%
Revenue growth 5Y10.3%
Sales Q2Q%-11.66%
Revenue Next Year-15.04%
Revenue Next 2Y-11.5%
Revenue Next 3Y-16.44%
Revenue Next 5YN/A
EBIT growth 1Y-7.66%
EBIT growth 3Y20.92%
EBIT growth 5Y11.31%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y251.11%
FCF growth 3YN/A
FCF growth 5Y23.8%
OCF growth 1Y251.11%
OCF growth 3YN/A
OCF growth 5Y23.8%