WHITEHORSE FINANCE INC (WHF) Stock Fundamental Analysis
NASDAQ:WHF • US96524V1061
6.38 USD
-0.15 (-2.3%)
Last: Feb 19, 2026, 04:17 PM
Overall WHF gets a fundamental rating of 3 out of 10. We evaluated WHF 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 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.
- WHF had positive earnings in each of the past 5 years.
- In multiple years WHF reported negative operating cash flow during the last 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.57%, WHF is doing worse than 62.87% of the companies in the same industry.
- 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.
- Looking at the Return On Invested Capital, with a value of 3.69%, WHF is in line with its industry, outperforming 52.32% 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 7.29%.
| 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's Profit Margin of 12.91% is in line compared to the rest of the industry. WHF outperforms 42.19% of its industry peers.
- WHF's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 36.00%, WHF is in the better half of the industry, outperforming 65.82% of the companies in the same industry.
- WHF's Operating Margin has declined in the last couple of years.
- WHF's Gross Margin of 43.86% is in line compared to the rest of the industry. WHF outperforms 46.41% of 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
- 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 0.33, we must say that WHF is in the distress zone and has some risk of bankruptcy.
- WHF has a Altman-Z score of 0.33. This is in the lower half of the industry: WHF underperforms 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 has a better Debt to FCF ratio (3.32) than 76.79% of its industry peers.
- WHF has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.22, WHF is doing worse than 60.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 0.33 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- WHF has a Current 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.
- With a Current ratio value of 0.57, WHF is not doing good in the industry: 69.20% of the companies in the same industry are doing better.
- A Quick Ratio of 0.57 indicates that WHF may have some problems paying its short term obligations.
- With a Quick ratio value of 0.57, WHF is not doing good in the industry: 68.78% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
- WHF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.48%.
- 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 -21.66% in the past year. This is quite bad
- 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
- The Earnings Per Share is expected to decrease by -12.27% on average over the next years. This is quite bad
- 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
- A Price/Earnings ratio of 5.41 indicates a rather cheap valuation of WHF.
- Based on the Price/Earnings ratio, WHF is valued cheaply inside the industry as 87.34% of the companies are valued more expensively.
- WHF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.27.
- A Price/Forward Earnings ratio of 5.98 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 91.98% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of WHF to the average of the S&P500 Index (28.16), we can say WHF is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.41 | ||
| Fwd PE | 5.98 |
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 | 1.52 | ||
| 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)4.78
EPS Next 2Y-18.58%
EPS Next 3Y-12.27%
5. Dividend
5.1 Amount
- WHF has a Yearly Dividend Yield of 14.62%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.04, WHF pays a better dividend. On top of this WHF pays more dividend than 89.03% of the companies listed in the same industry.
- WHF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
| 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.
- 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%
NASDAQ:WHF (2/19/2026, 4:17:48 PM)
6.38
-0.15 (-2.3%)
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 Cap148.27M
Revenue(TTM)76.34M
Net Income(TTM)9.86M
Analysts48.33
Price Target7.82 (22.57%)
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 | 5.41 | ||
| Fwd PE | 5.98 | ||
| P/S | 1.94 | ||
| P/FCF | 1.52 | ||
| P/OCF | 1.52 | ||
| P/B | 0.56 | ||
| P/tB | 0.56 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.18
EY18.5%
EPS(NY)1.07
Fwd EY16.71%
FCF(TTM)4.19
FCFY65.68%
OCF(TTM)4.19
OCFY65.68%
SpS3.28
BVpS11.41
TBVpS11.41
PEG (NY)N/A
PEG (5Y)4.78
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%.