WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
USA - NASDAQ:WHF - US96524V1061 - Common Stock
7.04 USD
+0.29 (+4.3%)
7.04 USD
0 (0%)
Taking everything into account, WHF scores 3 out of 10 in our fundamental rating. WHF was compared to 237 industry peers in the Capital Markets industry. WHF may be in some trouble as it scores bad on both profitability and health. WHF has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
WHF had positive earnings in the past year.
WHF had a positive operating cash flow in the past year.
In the past 5 years WHF has always 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
The Return On Assets of WHF (0.53%) is worse than 69.20% of its industry peers.
WHF has a worse Return On Equity (1.29%) than 71.31% of its industry peers.
With a Return On Invested Capital value of 3.78%, WHF perfoms like the industry average, outperforming 52.74% 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 7.11%.
| 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
With a Profit Margin value of 4.36%, WHF is not doing good in the industry: 67.93% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of WHF has declined.
WHF has a better Operating Margin (37.47%) than 70.04% of its industry peers.
In the last couple of years the Operating Margin of WHF has declined.
Looking at the Gross Margin, with a value of 44.78%, WHF is in line with its industry, outperforming 50.21% of the companies in the same 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.
Compared to 5 years ago, WHF has more shares outstanding
The debt/assets ratio for WHF has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.36, we must say that WHF is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of WHF (0.36) is worse than 67.93% 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.
The Debt to FCF ratio of WHF (7.20) is better than 62.45% of its industry peers.
A Debt/Equity ratio of 1.32 is on the high side and indicates that WHF has dependencies on debt financing.
The Debt to Equity ratio of WHF (1.32) is worse than 64.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.2 | ||
| Altman-Z | 0.36 |
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 75.53% of its industry peers.
WHF has a Quick Ratio of 0.58. 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 worse Quick ratio (0.58) than 75.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
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%.
WHF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.13% yearly.
Looking at the last year, WHF shows a very negative growth in Revenue. The Revenue has decreased by -10.11% in the last year.
Measured over the past years, WHF shows a small growth in Revenue. The Revenue has been growing by 6.71% on average per year.
EPS 1Y (TTM)-31.48%
EPS 3Y4.48%
EPS 5Y1.13%
EPS Q2Q%-35%
Revenue 1Y (TTM)-10.11%
Revenue growth 3Y8.76%
Revenue growth 5Y6.71%
Sales Q2Q%-22.59%
3.2 Future
The Earnings Per Share is expected to decrease by -11.60% on average over the next years. This is quite bad
Based on estimates for the next years, WHF will show a very negative growth in Revenue. The Revenue will decrease by -10.34% on average per year.
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
Based on the Price/Earnings ratio of 5.97, the valuation of WHF can be described as very cheap.
89.45% of the companies in the same industry are more expensive than WHF, based on the Price/Earnings ratio.
WHF is valuated cheaply when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 6.41 indicates a rather cheap valuation of WHF.
WHF's Price/Forward Earnings ratio is rather cheap when compared to the industry. WHF is cheaper than 90.72% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.59. WHF is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.97 | ||
| Fwd PE | 6.41 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, WHF is valued cheaper than 88.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.24 | ||
| 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)5.27
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 21.45%, WHF is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.53, WHF pays a better dividend. On top of this WHF pays more dividend than 97.47% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, WHF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.45% |
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.
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.
The Dividend Rate of WHF has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP1163.54%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
7.04
+0.29 (+4.3%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners15.04%
Inst Owner Change-1.16%
Ins Owners4.4%
Ins Owner Change6.42%
Market Cap163.61M
Revenue(TTM)92.82M
Net Income(TTM)3.56M
Analysts48.33
Price Target9.01 (27.98%)
Short Float %1.95%
Short Ratio2.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.45% |
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)-1.71%
EPS NY rev (1m)0.22%
EPS NY rev (3m)-5.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.97 | ||
| Fwd PE | 6.41 | ||
| P/S | 2.01 | ||
| P/FCF | 3.24 | ||
| P/OCF | 3.24 | ||
| P/B | 0.6 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.18
EY16.76%
EPS(NY)1.1
Fwd EY15.6%
FCF(TTM)2.17
FCFY30.84%
OCF(TTM)2.17
OCFY30.84%
SpS3.51
BVpS11.82
TBVpS11.82
PEG (NY)N/A
PEG (5Y)5.27
Graham Number17.72
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 | 0.36 |
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)-31.48%
EPS 3Y4.48%
EPS 5Y1.13%
EPS Q2Q%-35%
EPS Next Y-27.61%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.11%
Revenue growth 3Y8.76%
Revenue growth 5Y6.71%
Sales Q2Q%-22.59%
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%.