6.84 USD
+0.02 (+0.29%)
WHF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 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.
- 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
- WHF's Return On Assets of 1.57% is on the low side compared to the rest of the industry. WHF is outperformed by 62.45% of its industry peers.
- WHF has a Return On Equity of 3.72%. This is in the lower half of the industry: WHF underperforms 64.98% of its industry peers.
- With a Return On Invested Capital value of 3.69%, WHF perfoms like the industry average, outperforming 52.32% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for WHF 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 has a Profit Margin of 12.91%. This is comparable to the rest of the industry: WHF outperforms 43.04% of its industry peers.
- WHF's Profit Margin has declined in the last couple of years.
- WHF has a better Operating Margin (36.00%) than 66.24% of its industry peers.
- WHF's Operating Margin has declined in the last couple of years.
- WHF has a Gross Margin (43.86%) 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 | 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
- 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
- Compared to 1 year ago, WHF has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.34, we must say that WHF is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of WHF (0.34) is worse than 67.09% of its industry peers.
- WHF has a debt to FCF ratio of 3.32. This is a good value and a sign of high solvency as WHF would need 3.32 years to pay back of all of its debts.
- WHF has a Debt to FCF ratio of 3.32. This is in the better half of the industry: WHF outperforms 76.37% of its industry peers.
- A Debt/Equity ratio of 1.22 is on the high side and indicates that WHF has dependencies on debt financing.
- WHF has a Debt to Equity ratio (1.22) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 0.34 |
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 70.46% 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's Quick ratio of 0.57 is on the low side compared to the rest of the industry. WHF is outperformed by 70.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
- The earnings per share for WHF have decreased strongly by -31.48% in the last year.
- The Earnings Per Share has been growing slightly by 1.13% on average over the past years.
- WHF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.66%.
- 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
- 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
- WHF is valuated cheaply with a Price/Earnings ratio of 5.80.
- Based on the Price/Earnings ratio, WHF is valued cheaply inside the industry as 86.92% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 27.25, WHF is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 6.42, the valuation of WHF can be described as very cheap.
- 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 (25.98), we can say WHF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.8 | ||
| Fwd PE | 6.42 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, WHF is valued cheaply inside the industry as 95.36% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.63 | ||
| 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)5.12
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
5. Dividend
5.1 Amount
- WHF has a Yearly Dividend Yield of 7.74%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.87, WHF pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, WHF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.74% |
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
- 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%
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%.