WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
NASDAQ:WHF - US96524V1061 - Common Stock
8.55 USD
+0.02 (+0.23%)
8.47 USD
-0.08 (-0.94%)
WHF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 238 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.
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
The Return On Assets of WHF (0.53%) is worse than 68.91% of its industry peers.
WHF has a worse Return On Equity (1.29%) than 70.59% of its industry peers.
WHF has a Return On Invested Capital (3.78%) which is comparable to the rest of the industry.
WHF had an Average Return On Invested Capital over the past 3 years of 4.40%. This is below the industry average of 7.60%.
| 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
Looking at the Profit Margin, with a value of 4.36%, WHF is doing worse than 66.39% of the companies in the same industry.
In the last couple of years the Profit Margin of WHF has declined.
The Operating Margin of WHF (37.47%) is better than 67.65% of its industry peers.
WHF's Operating Margin has declined in the last couple of years.
WHF's Gross Margin of 44.78% is in line compared to the rest of the industry. WHF outperforms 42.44% of its industry peers.
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
WHF has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for WHF has been increased compared to 5 years ago.
Compared to 1 year ago, WHF has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.42, we must say that WHF is in the distress zone and has some risk of bankruptcy.
WHF's Altman-Z score of 0.42 is on the low side compared to the rest of the industry. WHF is outperformed by 65.55% 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.
With a Debt to FCF ratio value of 7.20, WHF perfoms like the industry average, outperforming 59.66% of the companies in the same industry.
A Debt/Equity ratio of 1.32 is on the high side and indicates that WHF has dependencies on debt financing.
With a Debt to Equity ratio value of 1.32, WHF is not doing good in the industry: 63.45% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.2 | ||
| Altman-Z | 0.42 |
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 72.69% 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 Quick ratio of 0.58. This is in the lower half of the industry: WHF underperforms 72.69% 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 -26.15%.
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.
WHF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -18.87%.
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)-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
The Earnings Per Share is expected to decrease by -13.22% 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-27.14%
EPS Next 2Y-17.07%
EPS Next 3Y-13.22%
EPS Next 5YN/A
Revenue Next Year-20.03%
Revenue Next 2Y-12.2%
Revenue Next 3Y-10.34%
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.
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 6.48, the valuation of WHF can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of WHF indicates a rather cheap valuation: WHF is cheaper than 91.60% of the companies listed in the same industry.
WHF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.08.
A Price/Forward Earnings ratio of 7.73 indicates a rather cheap valuation of WHF.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WHF indicates a rather cheap valuation: WHF is cheaper than 89.50% of the companies listed 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 22.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 7.73 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, WHF is valued cheaply inside the industry as 84.87% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.94 | ||
| 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)5.72
EPS Next 2Y-17.07%
EPS Next 3Y-13.22%
5. Dividend
5.1 Amount
WHF has a Yearly Dividend Yield of 17.50%, which is a nice return.
WHF's Dividend Yield is rather good when compared to the industry average which is at 7.99. WHF pays more dividend than 93.70% of the companies in the same industry.
WHF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.5% |
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%
8.55
+0.02 (+0.23%)
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 Cap198.70M
Analysts48.33
Price Target10.2 (19.3%)
Short Float %1.13%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.5% |
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)-6.63%
EPS NQ rev (3m)-18.68%
EPS NY rev (1m)-4.53%
EPS NY rev (3m)-5.03%
Revenue NQ rev (1m)-0.88%
Revenue NQ rev (3m)-12.11%
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)3.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 7.73 | ||
| P/S | 2.44 | ||
| P/FCF | 3.94 | ||
| P/OCF | 3.94 | ||
| P/B | 0.72 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.32
EY15.44%
EPS(NY)1.11
Fwd EY12.94%
FCF(TTM)2.17
FCFY25.39%
OCF(TTM)2.17
OCFY25.39%
SpS3.51
BVpS11.82
TBVpS11.82
PEG (NY)N/A
PEG (5Y)5.72
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%
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 | 0.42 |
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-20.03%
Revenue Next 2Y-12.2%
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