WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
USA - NASDAQ:WHF - US96524V1061 - Common Stock
7.18 USD
+0.05 (+0.7%)
7.18 USD
0 (0%)
WHF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 235 industry peers in the Capital Markets industry. WHF has a bad profitability rating. Also its financial health evaluation is rather negative. 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.
WHF had positive earnings in each of the past 5 years.
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 70.21% of its industry peers.
WHF's Return On Equity of 1.29% is on the low side compared to the rest of the industry. WHF is outperformed by 71.91% of its industry peers.
WHF has a Return On Invested Capital (3.78%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for WHF 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 67.23% of its industry peers.
WHF's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 37.47%, WHF is doing good in the industry, outperforming 68.09% of the companies in the same industry.
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 46.81% 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.
The debt/assets ratio for WHF has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.37, we must say that WHF is in the distress zone and has some risk of bankruptcy.
WHF's Altman-Z score of 0.37 is on the low side compared to the rest of the industry. WHF is outperformed by 68.51% of its industry peers.
The Debt to FCF ratio of WHF is 7.20, which is on the high side as it means it would take WHF, 7.20 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.20, WHF is in the better half of the industry, outperforming 63.40% 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.
WHF's Debt to Equity ratio of 1.32 is on the low side compared to the rest of the industry. WHF is outperformed by 64.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.2 | ||
| Altman-Z | 0.37 |
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.
Looking at the Current ratio, with a value of 0.58, WHF is doing worse than 74.47% of the companies in the same industry.
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.
The Quick ratio of WHF (0.58) is worse than 74.47% 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.
The Earnings Per Share has been growing slightly by 1.13% on average over the past years.
Looking at the last year, WHF shows a very negative growth in Revenue. The Revenue has decreased by -18.87% in the last year.
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
WHF is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -11.60% yearly.
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-27.61%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
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
Based on the Price/Earnings ratio of 5.44, the valuation of WHF can be described as very cheap.
Based on the Price/Earnings ratio, WHF is valued cheaper than 91.91% of the companies in the same industry.
WHF is valuated cheaply when we compare the Price/Earnings ratio to 26.10, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 6.54, the valuation of WHF can be described as very cheap.
Based on the Price/Forward Earnings ratio, WHF is valued cheaper than 91.06% of the companies in the same industry.
WHF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.44 | ||
| Fwd PE | 6.54 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, WHF is valued cheaper than 88.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.31 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
WHF's earnings are expected to decrease with -11.60% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)4.81
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 21.60%, WHF is a good candidate for dividend investing.
WHF's Dividend Yield is rather good when compared to the industry average which is at 8.48. WHF pays more dividend than 97.45% of the companies in the same industry.
WHF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.6% |
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.
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
WHF pays out 1163.54% 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.
DP1163.54%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
7.18
+0.05 (+0.7%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners15.04%
Inst Owner Change-2.06%
Ins Owners4.4%
Ins Owner Change0%
Market Cap166.86M
Revenue(TTM)81.50M
Net Income(TTM)3.56M
Analysts48.33
Price Target9.01 (25.49%)
Short Float %1.95%
Short Ratio2.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 21.6% |
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)0%
PT rev (3m)-2.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.23%
EPS NY rev (1m)0.22%
EPS NY rev (3m)-5.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.44 | ||
| Fwd PE | 6.54 | ||
| P/S | 2.05 | ||
| P/FCF | 3.31 | ||
| P/OCF | 3.31 | ||
| P/B | 0.61 | ||
| P/tB | 0.61 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.32
EY18.38%
EPS(NY)1.1
Fwd EY15.3%
FCF(TTM)2.17
FCFY30.24%
OCF(TTM)2.17
OCFY30.24%
SpS3.51
BVpS11.82
TBVpS11.82
PEG (NY)N/A
PEG (5Y)4.81
Graham Number18.74
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%
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-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 | 0.37 |
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-27.61%
EPS Next 2Y-17.35%
EPS Next 3Y-11.6%
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
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.
What is the valuation status for WHF stock?
ChartMill assigns a valuation rating of 6 / 10 to WHITEHORSE FINANCE INC (WHF). This can be considered as Fairly Valued.
What is the profitability of WHF stock?
WHITEHORSE FINANCE INC (WHF) has a profitability rating of 3 / 10.
How financially healthy is WHITEHORSE FINANCE INC?
The financial health rating of WHITEHORSE FINANCE INC (WHF) is 2 / 10.
How sustainable is the dividend of WHITEHORSE FINANCE INC (WHF) stock?
The dividend rating of WHITEHORSE FINANCE INC (WHF) is 5 / 10 and the dividend payout ratio is 1163.54%.