WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
NASDAQ:WHF • US96524V1061
6.52 USD
-0.03 (-0.46%)
At close: Feb 17, 2026
6.52 USD
0 (0%)
After Hours: 2/17/2026, 4:51:19 PM
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 on the other hand it scores bad on growth.
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.
- In multiple years WHF reported negative operating cash flow during the last 5 years.
1.2 Ratios
- With a Return On Assets value of 1.57%, WHF is not doing good in the industry: 62.87% of the companies in the same industry are doing better.
- 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 (3.69%) which is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for WHF is below the industry average of 7.29%.
| 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 42.19% 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 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 in line with its industry peers.
- 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.
- WHF has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, WHF has an improved debt to assets ratio.
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's Altman-Z score of 0.33 is on the low side compared to the rest of the industry. WHF is outperformed by 66.67% 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's Debt to FCF ratio of 3.32 is fine compared to the rest of the industry. WHF outperforms 76.79% 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's Debt to Equity ratio of 1.22 is on the low side compared to the rest of the industry. WHF is outperformed by 60.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 0.33 |
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.
- 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.
- WHF's Quick ratio of 0.57 is on the low side compared to the rest of the industry. WHF is outperformed by 68.78% 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.
- 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.
- The Revenue for WHF has decreased by -21.66% 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)-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.
- Based on estimates for the next years, WHF will show a decrease in Revenue. The Revenue will decrease by -9.52% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 5.53, the valuation of WHF can be described as very cheap.
- WHF's Price/Earnings ratio is rather cheap when compared to the industry. WHF is cheaper than 86.50% of the companies in the same industry.
- WHF is valuated cheaply when we compare the Price/Earnings ratio to 27.16, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 6.12, the valuation of WHF can be described as very cheap.
- Based on the Price/Forward Earnings ratio, WHF is valued cheaper than 91.98% of the companies in the same industry.
- WHF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.53 | ||
| Fwd PE | 6.12 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.56 | ||
| EV/EBITDA | N/A |
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)4.88
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 14.62%, WHF is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 6.03, WHF pays a better dividend. On top of this WHF pays more dividend than 89.03% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, WHF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.62% |
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.
- 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.
- 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%
6.52
-0.03 (-0.46%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-10 2025-11-10/bmo
Earnings (Next)02-26 2026-02-26/bmo
Inst Owners15.71%
Inst Owner Change1.35%
Ins Owners4.55%
Ins Owner Change10.59%
Market Cap151.52M
Revenue(TTM)76.34M
Net Income(TTM)9.86M
Analysts48.33
Price Target7.82 (19.94%)
Short Float %2.6%
Short Ratio2.81
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.53 | ||
| Fwd PE | 6.12 | ||
| P/S | 1.98 | ||
| P/FCF | 1.56 | ||
| P/OCF | 1.56 | ||
| P/B | 0.57 | ||
| P/tB | 0.57 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.18
EY18.1%
EPS(NY)1.07
Fwd EY16.35%
FCF(TTM)4.19
FCFY64.27%
OCF(TTM)4.19
OCFY64.27%
SpS3.28
BVpS11.41
TBVpS11.41
PEG (NY)N/A
PEG (5Y)4.88
Graham Number17.41
Profitability
| Industry Rank | Sector 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 Rank | Sector 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%.