6.99 USD
+0.05 (+0.72%)
7.05 USD
+0.06 (+0.86%)
WHF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. Both the profitability and financial health of WHF have multiple concerns. WHF has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year WHF was profitable.
- WHF had a positive operating cash flow in the past year.
- Each year in the past 5 years WHF has been profitable.
- In multiple years WHF reported negative operating cash flow during the last 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.57%, WHF is doing worse than 62.18% of the companies in the same industry.
- With a Return On Equity value of 3.72%, WHF is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
- Looking at the Return On Invested Capital, with a value of 3.69%, WHF is in line with its industry, outperforming 52.52% of the companies in the same industry.
- WHF had an Average Return On Invested Capital over the past 3 years of 4.40%. This is below the industry average of 7.27%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.57% | ||
| ROE | 3.72% | ||
| ROIC | 3.69% |
ROA(3y)2.12%
ROA(5y)2.86%
ROE(3y)4.98%
ROE(5y)6.74%
ROIC(3y)4.4%
ROIC(5y)3.74%
1.3 Margins
- WHF's Profit Margin of 12.91% is in line compared to the rest of the industry. WHF outperforms 43.28% of its industry peers.
- In the last couple of years the Profit Margin of WHF has declined.
- With a decent Operating Margin value of 36.00%, WHF is doing good in the industry, outperforming 66.39% of the companies in the same industry.
- In the last couple of years the Operating Margin of WHF has declined.
- With a Gross Margin value of 43.86%, WHF perfoms like the industry average, outperforming 46.64% of the companies in the same industry.
- WHF's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36% | ||
| PM (TTM) | 12.91% | ||
| GM | 43.86% |
OM growth 3Y0.18%
OM growth 5Y-2.92%
PM growth 3Y-34.56%
PM growth 5Y-23.96%
GM growth 3Y-0.25%
GM growth 5Y-2.13%
2. Health
2.1 Basic Checks
- Compared to 1 year ago, WHF has about the same amount of shares outstanding.
- The number of shares outstanding for WHF has been increased compared to 5 years ago.
- WHF has a better debt/assets ratio than last year.
2.2 Solvency
- WHF has an Altman-Z score of 0.35. This is a bad value and indicates that WHF is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.35, WHF is doing worse than 67.23% of the companies in the same industry.
- The Debt to FCF ratio of WHF is 3.32, which is a good value as it means it would take WHF, 3.32 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 3.32, WHF is doing good in the industry, outperforming 76.47% of the companies in the same industry.
- WHF has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.22, WHF is not doing good in the industry: 60.08% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 0.35 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.57 indicates that WHF may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.57, WHF is doing worse than 70.59% of the companies in the same industry.
- WHF has a Quick Ratio of 0.57. This is a bad value and indicates that WHF is not financially healthy enough and could expect problems in meeting its short term obligations.
- WHF has a Quick ratio of 0.57. This is in the lower half of the industry: WHF underperforms 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
- WHF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.48%.
- Measured over the past 5 years, WHF shows a small growth in Earnings Per Share. The EPS has been growing by 1.13% on average per year.
- Looking at the last year, WHF shows a very negative growth in Revenue. The Revenue has decreased by -21.66% in the last year.
- The Revenue has been growing slightly by 6.71% on average over the past years.
EPS 1Y (TTM)-31.48%
EPS 3Y4.48%
EPS 5Y1.13%
EPS Q2Q%-35%
Revenue 1Y (TTM)-21.66%
Revenue growth 3Y8.76%
Revenue growth 5Y6.71%
Sales Q2Q%-51.71%
3.2 Future
- WHF is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -12.27% yearly.
- WHF is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -9.52% yearly.
EPS Next Y-30.12%
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
EPS Next 5YN/A
Revenue Next Year-22.55%
Revenue Next 2Y-14.75%
Revenue Next 3Y-9.52%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 5.92, the valuation of WHF can be described as very cheap.
- Compared to the rest of the industry, the Price/Earnings ratio of WHF indicates a rather cheap valuation: WHF is cheaper than 86.13% of the companies listed in the same industry.
- WHF is valuated cheaply when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 6.56, which indicates a rather cheap valuation of WHF.
- Based on the Price/Forward Earnings ratio, WHF is valued cheaper than 91.60% of the companies in the same industry.
- WHF is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.92 | ||
| Fwd PE | 6.56 |
4.2 Price Multiples
- WHF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WHF is cheaper than 95.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.67 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- A cheap valuation may be justified as WHF's earnings are expected to decrease with -12.27% in the coming years.
PEG (NY)N/A
PEG (5Y)5.23
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 14.20%, WHF is a good candidate for dividend investing.
- WHF's Dividend Yield is rather good when compared to the industry average which is at 6.10. WHF pays more dividend than 91.18% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, WHF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.2% |
5.2 History
- The dividend of WHF has a limited annual growth rate of 1.98%.
- WHF has paid a dividend for at least 10 years, which is a reliable track record.
- WHF has decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.98%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 420.82% of the earnings are spent on dividend by WHF. This is not a sustainable payout ratio.
- WHF's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP420.82%
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
WHITEHORSE FINANCE INC / WHF FAQ
Can you provide the ChartMill fundamental rating for WHITEHORSE FINANCE INC?
ChartMill assigns a fundamental rating of 3 / 10 to WHF.
Can you provide the valuation status for WHITEHORSE FINANCE INC?
ChartMill assigns a valuation rating of 6 / 10 to WHITEHORSE FINANCE INC (WHF). This can be considered as Fairly Valued.
Can you provide the profitability details for WHITEHORSE FINANCE INC?
WHITEHORSE FINANCE INC (WHF) has a profitability rating of 3 / 10.
What is the financial health of WHITEHORSE FINANCE INC (WHF) stock?
The financial health rating of WHITEHORSE FINANCE INC (WHF) is 2 / 10.
Is the dividend of WHITEHORSE FINANCE INC sustainable?
The dividend rating of WHITEHORSE FINANCE INC (WHF) is 5 / 10 and the dividend payout ratio is 420.82%.