WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
USA - NASDAQ:WHF - US96524V1061 - Common Stock
7.18 USD
+0.05 (+0.7%)
7.18 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to WHF. WHF was compared to 237 industry peers in the Capital Markets industry. WHF has a bad profitability rating. Also its financial health evaluation is rather negative. 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
WHF has a Return On Assets of 0.53%. This is in the lower half of the industry: WHF underperforms 70.21% of its industry peers.
With a Return On Equity value of 1.29%, WHF is not doing good in the industry: 71.91% of the companies in the same industry are doing better.
WHF has a Return On Invested Capital of 3.78%. This is comparable to the rest of the industry: WHF outperforms 50.64% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WHF is below the industry average of 7.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.53% | ||
| ROE | 1.29% | ||
| ROIC | 3.78% |
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 has a worse Profit Margin (4.36%) than 67.23% of its industry peers.
WHF's Profit Margin has declined in the last couple of years.
The Operating Margin of WHF (37.47%) is better than 68.09% of its industry peers.
WHF's Operating Margin has declined in the last couple of years.
WHF has a Gross Margin (44.78%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of WHF has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.47% | ||
| PM (TTM) | 4.36% | ||
| GM | 44.78% |
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.
Compared to 1 year ago, WHF has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.37, we must say that WHF is in the distress zone and has some risk of bankruptcy.
WHF's Altman-Z score of 0.37 is on the low side compared to the rest of the industry. WHF is outperformed by 68.09% of its industry peers.
WHF has a debt to FCF ratio of 7.20. This is a slightly negative value and a sign of low solvency as WHF would need 7.20 years to pay back of all of its debts.
WHF has a better Debt to FCF ratio (7.20) than 63.40% of its industry peers.
WHF has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of WHF (1.32) is worse than 64.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.2 | ||
| Altman-Z | 0.37 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.58 indicates that WHF may have some problems paying its short term obligations.
WHF's Current ratio of 0.58 is on the low side compared to the rest of the industry. WHF is outperformed by 74.47% of its industry peers.
A Quick Ratio of 0.58 indicates that WHF may have some problems paying its short term obligations.
WHF has a Quick ratio of 0.58. This is in the lower half of the industry: WHF underperforms 74.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The earnings per share for WHF have decreased strongly by -26.15% in the last year.
The Earnings Per Share has been growing slightly by 1.13% on average over the past years.
The Revenue for WHF has decreased by -18.87% in the past year. This is quite bad
WHF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.71% yearly.
EPS 1Y (TTM)-26.15%
EPS 3Y4.48%
EPS 5Y1.13%
EPS Q2Q%-28.75%
Revenue 1Y (TTM)-18.87%
Revenue growth 3Y8.76%
Revenue growth 5Y6.71%
Sales Q2Q%-14.49%
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 -11.60% yearly.
WHF is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.34% yearly.
EPS Next Y-27.61%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
EPS Next 5YN/A
Revenue Next Year-20.42%
Revenue Next 2Y-12.58%
Revenue Next 3Y-10.34%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 5.44, which indicates a rather cheap valuation of WHF.
Based on the Price/Earnings ratio, WHF is valued cheaply inside the industry as 91.91% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.11. WHF is valued rather cheaply when compared to this.
WHF is valuated cheaply with a Price/Forward Earnings ratio of 6.54.
Based on the Price/Forward Earnings ratio, WHF is valued cheaper than 91.06% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WHF to the average of the S&P500 Index (22.55), we can say WHF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.44 | ||
| Fwd PE | 6.54 |
4.2 Price Multiples
88.09% 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 | 3.31 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
WHF's earnings are expected to decrease with -11.60% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)4.81
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 21.60%, WHF is a good candidate for dividend investing.
WHF's Dividend Yield is rather good when compared to the industry average which is at 8.40. WHF pays more dividend than 97.45% of the companies in the same industry.
WHF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.6% |
5.2 History
The dividend of WHF has a limited annual growth rate of 1.98%.
WHF has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of WHF decreased in the last 3 years.
Dividend Growth(5Y)1.98%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
1163.54% 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.
DP1163.54%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
7.18
+0.05 (+0.7%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners15.04%
Inst Owner Change-5.14%
Ins Owners4.4%
Ins Owner Change0%
Market Cap166.86M
Revenue(TTM)81.50M
Net Income(TTM)3.56M
Analysts48.33
Price Target9.01 (25.49%)
Short Float %1.95%
Short Ratio2.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.6% |
Yearly Dividend1.79
Dividend Growth(5Y)1.98%
DP1163.54%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.22%
Min EPS beat(2)-11.79%
Max EPS beat(2)-6.64%
EPS beat(4)0
Avg EPS beat(4)-9.03%
Min EPS beat(4)-13.41%
Max EPS beat(4)-4.29%
EPS beat(8)2
Avg EPS beat(8)-5.87%
EPS beat(12)5
Avg EPS beat(12)-2.6%
EPS beat(16)5
Avg EPS beat(16)-3.63%
Revenue beat(2)0
Avg Revenue beat(2)-5.73%
Min Revenue beat(2)-8.87%
Max Revenue beat(2)-2.58%
Revenue beat(4)0
Avg Revenue beat(4)-5.54%
Min Revenue beat(4)-8.87%
Max Revenue beat(4)-2.49%
Revenue beat(8)2
Avg Revenue beat(8)-6.14%
Revenue beat(12)5
Avg Revenue beat(12)-3.15%
Revenue beat(16)5
Avg Revenue beat(16)-3.13%
PT rev (1m)-11.67%
PT rev (3m)-13.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.23%
EPS NY rev (1m)0.22%
EPS NY rev (3m)-5.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.44 | ||
| Fwd PE | 6.54 | ||
| P/S | 2.05 | ||
| P/FCF | 3.31 | ||
| P/OCF | 3.31 | ||
| P/B | 0.61 | ||
| P/tB | 0.61 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.32
EY18.38%
EPS(NY)1.1
Fwd EY15.3%
FCF(TTM)2.17
FCFY30.24%
OCF(TTM)2.17
OCFY30.24%
SpS3.51
BVpS11.82
TBVpS11.82
PEG (NY)N/A
PEG (5Y)4.81
Graham Number18.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.53% | ||
| ROE | 1.29% | ||
| ROCE | 4.78% | ||
| ROIC | 3.78% | ||
| ROICexc | 3.84% | ||
| ROICexgc | 3.84% | ||
| OM | 37.47% | ||
| PM (TTM) | 4.36% | ||
| GM | 44.78% | ||
| FCFM | 61.91% |
ROA(3y)2.12%
ROA(5y)2.86%
ROE(3y)4.98%
ROE(5y)6.74%
ROIC(3y)4.4%
ROIC(5y)3.74%
ROICexc(3y)4.47%
ROICexc(5y)3.79%
ROICexgc(3y)4.47%
ROICexgc(5y)3.79%
ROCE(3y)5.57%
ROCE(5y)4.73%
ROICexgc growth 3Y18.87%
ROICexgc growth 5Y2.95%
ROICexc growth 3Y18.87%
ROICexc growth 5Y2.95%
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%
F-Score3
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.2 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.25 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 1418.39% | ||
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | 0.37 |
F-Score3
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)542.55%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-26.15%
EPS 3Y4.48%
EPS 5Y1.13%
EPS Q2Q%-28.75%
EPS Next Y-27.61%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.87%
Revenue growth 3Y8.76%
Revenue growth 5Y6.71%
Sales Q2Q%-14.49%
Revenue Next Year-20.42%
Revenue Next 2Y-12.58%
Revenue Next 3Y-10.34%
Revenue Next 5YN/A
EBIT growth 1Y-26.78%
EBIT growth 3Y8.96%
EBIT growth 5Y3.6%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y26%
OCF growth 3YN/A
OCF growth 5YN/A
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.
What is the valuation status for WHF stock?
ChartMill assigns a valuation rating of 6 / 10 to WHITEHORSE FINANCE INC (WHF). This can be considered as Fairly Valued.
What is the profitability of WHF stock?
WHITEHORSE FINANCE INC (WHF) has a profitability rating of 3 / 10.
How financially healthy is WHITEHORSE FINANCE INC?
The financial health rating of WHITEHORSE FINANCE INC (WHF) is 2 / 10.
How sustainable is the dividend of WHITEHORSE FINANCE INC (WHF) stock?
The dividend rating of WHITEHORSE FINANCE INC (WHF) is 5 / 10 and the dividend payout ratio is 1163.54%.