WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis

NASDAQ:WHF • US96524V1061

6.51 USD
-0.04 (-0.61%)
Last: Feb 17, 2026, 03:38 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall WHF gets a fundamental rating of 3 out of 10. We evaluated WHF against 237 industry peers in the Capital Markets industry. Both the profitability and financial health of WHF have multiple concerns. WHF is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • WHF had positive earnings in the past year.
  • In the past year WHF had a positive cash flow from operations.
  • In the past 5 years WHF has always been profitable.
  • In multiple years WHF reported negative operating cash flow during the last 5 years.
WHF Yearly Net Income VS EBIT VS OCF VS FCFWHF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

  • WHF's Return On Assets of 1.57% is on the low side compared to the rest of the industry. WHF is outperformed by 62.87% of its industry peers.
  • WHF's Return On Equity of 3.72% is on the low side compared to the rest of the industry. WHF is outperformed by 64.98% of its industry peers.
  • WHF has a Return On Invested Capital of 3.69%. This is comparable to the rest of the industry: WHF outperforms 52.32% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for WHF is below the industry average of 7.29%.
Industry RankSector 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%
WHF Yearly ROA, ROE, ROICWHF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • WHF has a Profit Margin (12.91%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of WHF has declined.
  • Looking at the Operating Margin, with a value of 36.00%, WHF is in the better half of the industry, outperforming 65.82% of the companies in the same industry.
  • In the last couple of years the Operating Margin of WHF has declined.
  • WHF has a Gross Margin (43.86%) which is comparable to the rest of the industry.
  • WHF's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
WHF Yearly Profit, Operating, Gross MarginsWHF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

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
  • Compared to 1 year ago, WHF has an improved debt to assets ratio.
WHF Yearly Shares OutstandingWHF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
WHF Yearly Total Debt VS Total AssetsWHF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • WHF has an Altman-Z score of 0.33. This is a bad value and indicates that WHF is not financially healthy and even has some risk of bankruptcy.
  • WHF has a Altman-Z score of 0.33. This is in the lower half of the industry: WHF underperforms 66.67% of its industry peers.
  • 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 76.79% 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.
  • The Debt to Equity ratio of WHF (1.22) is worse than 60.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.22
Debt/FCF 3.32
Altman-Z 0.33
ROIC/WACCN/A
WACCN/A
WHF Yearly LT Debt VS Equity VS FCFWHF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

2.3 Liquidity

  • WHF has a Current 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 worse Current ratio (0.57) than 69.20% of its industry peers.
  • A Quick Ratio of 0.57 indicates that WHF may have some problems paying its short term obligations.
  • The Quick ratio of WHF (0.57) is worse than 68.78% of its industry peers.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.57
WHF Yearly Current Assets VS Current LiabilitesWHF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

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%.
  • The Earnings Per Share has been growing slightly by 1.13% on average over the past years.
  • The Revenue for WHF has decreased by -21.66% in the past year. This is quite bad
  • 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)-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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WHF Yearly Revenue VS EstimatesWHF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
WHF Yearly EPS VS EstimatesWHF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 5.52, the valuation of WHF can be described as very cheap.
  • Based on the Price/Earnings ratio, WHF is valued cheaper than 86.50% of the companies in the same industry.
  • WHF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.19.
  • Based on the Price/Forward Earnings ratio of 6.11, the valuation of WHF can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, WHF is valued cheaply inside the industry as 91.98% of the companies are valued more expensively.
  • WHF is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.52
Fwd PE 6.11
WHF Price Earnings VS Forward Price EarningsWHF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WHF indicates a rather cheap valuation: WHF is cheaper than 95.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 1.55
EV/EBITDA N/A
WHF Per share dataWHF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • WHF's earnings are expected to decrease with -12.27% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)4.87
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • WHF has a Yearly Dividend Yield of 14.62%, which is a nice return.
  • WHF's Dividend Yield is rather good when compared to the industry average which is at 6.03. WHF pays more dividend than 89.03% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, WHF pays a better dividend.
Industry RankSector Rank
Dividend Yield 14.62%

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
WHF Yearly Dividends per shareWHF Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • WHF pays out 420.82% 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.
DP420.82%
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
WHF Yearly Income VS Free CF VS DividendWHF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
WHF Dividend Payout.WHF Dividend Payout, showing the Payout Ratio.WHF Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

WHITEHORSE FINANCE INC

NASDAQ:WHF (2/17/2026, 3:38:42 PM)

6.51

-0.04 (-0.61%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-10
Earnings (Next)02-26
Inst Owners15.71%
Inst Owner Change1.35%
Ins Owners4.55%
Ins Owner Change10.59%
Market Cap151.29M
Revenue(TTM)76.34M
Net Income(TTM)9.86M
Analysts48.33
Price Target7.82 (20.12%)
Short Float %2.6%
Short Ratio2.81
Dividend
Industry RankSector Rank
Dividend Yield 14.62%
Yearly Dividend1.79
Dividend Growth(5Y)1.98%
DP420.82%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.51%
Min EPS beat(2)-10.38%
Max EPS beat(2)-6.64%
EPS beat(4)0
Avg EPS beat(4)-10.56%
Min EPS beat(4)-13.41%
Max EPS beat(4)-6.64%
EPS beat(8)1
Avg EPS beat(8)-7.23%
EPS beat(12)4
Avg EPS beat(12)-3.58%
EPS beat(16)5
Avg EPS beat(16)-4.19%
Revenue beat(2)0
Avg Revenue beat(2)-22.24%
Min Revenue beat(2)-41.9%
Max Revenue beat(2)-2.58%
Revenue beat(4)0
Avg Revenue beat(4)-15.4%
Min Revenue beat(4)-41.9%
Max Revenue beat(4)-2.58%
Revenue beat(8)1
Avg Revenue beat(8)-11.62%
Revenue beat(12)4
Avg Revenue beat(12)-6.71%
Revenue beat(16)5
Avg Revenue beat(16)-5.74%
PT rev (1m)0%
PT rev (3m)-13.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.02%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.68%
Valuation
Industry RankSector Rank
PE 5.52
Fwd PE 6.11
P/S 1.98
P/FCF 1.55
P/OCF 1.55
P/B 0.57
P/tB 0.57
EV/EBITDA N/A
EPS(TTM)1.18
EY18.13%
EPS(NY)1.07
Fwd EY16.38%
FCF(TTM)4.19
FCFY64.37%
OCF(TTM)4.19
OCFY64.37%
SpS3.28
BVpS11.41
TBVpS11.41
PEG (NY)N/A
PEG (5Y)4.87
Graham Number17.41
Profitability
Industry RankSector Rank
ROA 1.57%
ROE 3.72%
ROCE 4.67%
ROIC 3.69%
ROICexc 3.75%
ROICexgc 3.75%
OM 36%
PM (TTM) 12.91%
GM 43.86%
FCFM 127.57%
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-Score4
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.22
Debt/FCF 3.32
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.26
Cash Conversion N/A
Profit Quality 987.8%
Current Ratio 0.57
Quick Ratio 0.57
Altman-Z 0.33
F-Score4
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-30.12%
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-21.66%
Revenue growth 3Y8.76%
Revenue growth 5Y6.71%
Sales Q2Q%-51.71%
Revenue Next Year-22.55%
Revenue Next 2Y-14.75%
Revenue Next 3Y-9.52%
Revenue Next 5YN/A
EBIT growth 1Y-31.37%
EBIT growth 3Y8.96%
EBIT growth 5Y3.6%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.12%
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.


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%.