WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
USA - NASDAQ:WHF - US96524V1061 - Common Stock
8.81 USD
+0.05 (+0.57%)
8.79 USD
-0.02 (-0.23%)
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 has a bad profitability rating. Also its financial health evaluation is rather negative. WHF is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year WHF was profitable.
WHF had a positive operating cash flow in the past year.
In the past 5 years WHF has always been profitable.
In multiple years WHF reported negative operating cash flow during the last 5 years.
1.2 Ratios
WHF's Return On Assets of 0.53% is on the low side compared to the rest of the industry. WHF is outperformed by 70.04% of its industry peers.
WHF has a Return On Equity of 1.29%. This is in the lower half of the industry: WHF underperforms 71.73% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.78%, WHF is in line with its industry, outperforming 49.37% 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 7.61%.
| 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
The Profit Margin of WHF (4.36%) is worse than 67.51% of its industry peers.
WHF's Profit Margin has declined in the last couple of years.
WHF has a Operating Margin of 37.47%. This is in the better half of the industry: WHF outperforms 67.51% of its industry peers.
WHF's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 44.78%, WHF perfoms like the industry average, outperforming 42.19% of the companies in the same industry.
WHF's Gross Margin has declined in the last couple of years.
| 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
The number of shares outstanding for WHF remains at a similar level compared to 1 year ago.
The number of shares outstanding for WHF has been increased compared to 5 years ago.
The debt/assets ratio for WHF has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.43, we must say that WHF is in the distress zone and has some risk of bankruptcy.
WHF's Altman-Z score of 0.43 is on the low side compared to the rest of the industry. WHF is outperformed by 64.13% 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 Debt to FCF ratio of 7.20. This is in the better half of the industry: WHF outperforms 60.34% 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 64.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.2 | ||
| Altman-Z | 0.43 |
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.
With a Current ratio value of 0.58, WHF is not doing good in the industry: 73.84% of the companies in the same industry are doing better.
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 73.84% 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.
WHF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.13% yearly.
The Revenue for WHF has decreased by -18.87% in the past year. This is quite bad
The Revenue has been growing slightly by 6.71% on average over the past years.
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
Based on estimates for the next years, WHF will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.22% on average per year.
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-27.14%
EPS Next 2Y-17.07%
EPS Next 3Y-13.22%
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 6.67, which indicates a rather cheap valuation of WHF.
Based on the Price/Earnings ratio, WHF is valued cheaply inside the industry as 91.14% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.41. WHF is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 7.97, the valuation of WHF can be described as very cheap.
87.76% of the companies in the same industry are more expensive than WHF, based on the Price/Forward Earnings ratio.
WHF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.67 | ||
| Fwd PE | 7.97 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, WHF is valued cheaper than 84.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.06 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as WHF's earnings are expected to decrease with -13.22% in the coming years.
PEG (NY)N/A
PEG (5Y)5.9
EPS Next 2Y-17.07%
EPS Next 3Y-13.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 17.72%, WHF is a good candidate for dividend investing.
WHF's Dividend Yield is rather good when compared to the industry average which is at 7.96. WHF pays more dividend than 93.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, WHF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.72% |
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 1163.54% of its income as dividend. 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-17.07%
EPS Next 3Y-13.22%
8.81
+0.05 (+0.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners15.79%
Inst Owner Change-3.95%
Ins Owners4.4%
Ins Owner Change0%
Market Cap204.74M
Analysts48.33
Price Target10.2 (15.78%)
Short Float %1.24%
Short Ratio3.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.72% |
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)-2.44%
PT rev (3m)-11.11%
EPS NQ rev (1m)-1.71%
EPS NQ rev (3m)-7.78%
EPS NY rev (1m)-4.53%
EPS NY rev (3m)-5.03%
Revenue NQ rev (1m)-1.43%
Revenue NQ rev (3m)-4.18%
Revenue NY rev (1m)-1.62%
Revenue NY rev (3m)-4.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.67 | ||
| Fwd PE | 7.97 | ||
| P/S | 2.51 | ||
| P/FCF | 4.06 | ||
| P/OCF | 4.06 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.32
EY14.98%
EPS(NY)1.11
Fwd EY12.55%
FCF(TTM)2.17
FCFY24.64%
OCF(TTM)2.17
OCFY24.64%
SpS3.51
BVpS11.82
TBVpS11.82
PEG (NY)N/A
PEG (5Y)5.9
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%
ROICexcg growth 3Y18.87%
ROICexcg 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 | 0.43 |
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-27.14%
EPS Next 2Y-17.07%
EPS Next 3Y-13.22%
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