WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 (WHFCL) Fundamental Analysis & Valuation

NASDAQ:WHFCL • US96524V4032

Current stock price

25.44 USD
+0.18 (+0.71%)
Last:

This WHFCL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. WHFCL Profitability Analysis

1.1 Basic Checks

  • WHFCL had positive earnings in the past year.
  • WHFCL had a positive operating cash flow in the past year.
  • In the past 5 years WHFCL has always been profitable.
  • Of the past 5 years WHFCL 4 years had a positive operating cash flow.
WHFCL Yearly Net Income VS EBIT VS OCF VS FCFWHFCL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M

1.2 Ratios

  • The Return On Assets of WHFCL (2.33%) is comparable to the rest of the industry.
  • WHFCL has a Return On Equity (5.52%) which is in line with its industry peers.
  • WHFCL has a Return On Invested Capital of 3.53%. This is comparable to the rest of the industry: WHFCL outperforms 49.17% of its industry peers.
  • WHFCL had an Average Return On Invested Capital over the past 3 years of 4.31%. This is below the industry average of 7.28%.
Industry RankSector Rank
ROA 2.33%
ROE 5.52%
ROIC 3.53%
ROA(3y)2.24%
ROA(5y)2.45%
ROE(3y)5.25%
ROE(5y)5.81%
ROIC(3y)4.31%
ROIC(5y)3.9%
WHFCL Yearly ROA, ROE, ROICWHFCL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 19.73%, WHFCL is in line with its industry, outperforming 55.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of WHFCL has declined.
  • With a decent Operating Margin value of 35.93%, WHFCL is doing good in the industry, outperforming 65.83% of the companies in the same industry.
  • WHFCL's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 44.23%, WHFCL perfoms like the industry average, outperforming 47.92% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WHFCL has remained more or less at the same level.
Industry RankSector Rank
OM 35.93%
PM (TTM) 19.73%
GM 44.23%
OM growth 3Y-5.5%
OM growth 5Y-1.71%
PM growth 3Y3.27%
PM growth 5Y-17.42%
GM growth 3Y-3.38%
GM growth 5Y-0.86%
WHFCL Yearly Profit, Operating, Gross MarginsWHFCL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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2

2. WHFCL Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, WHFCL has less shares outstanding
  • The number of shares outstanding for WHFCL has been increased compared to 5 years ago.
  • Compared to 1 year ago, WHFCL has a worse debt to assets ratio.
WHFCL Yearly Shares OutstandingWHFCL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
WHFCL Yearly Total Debt VS Total AssetsWHFCL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • WHFCL has an Altman-Z score of 1.02. This is a bad value and indicates that WHFCL is not financially healthy and even has some risk of bankruptcy.
  • WHFCL has a Altman-Z score (1.02) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of WHFCL is 4.19, which is a neutral value as it means it would take WHFCL, 4.19 years of fcf income to pay off all of its debts.
  • WHFCL has a Debt to FCF ratio of 4.19. This is in the better half of the industry: WHFCL outperforms 74.17% of its industry peers.
  • WHFCL has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.25, WHFCL is doing worse than 62.08% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 4.19
Altman-Z 1.02
ROIC/WACCN/A
WACCN/A
WHFCL Yearly LT Debt VS Equity VS FCFWHFCL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

2.3 Liquidity

  • WHFCL has a Current Ratio of 0.45. This is a bad value and indicates that WHFCL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.45, WHFCL is doing worse than 77.50% of the companies in the same industry.
  • WHFCL has a Quick Ratio of 0.45. This is a bad value and indicates that WHFCL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.45, WHFCL is not doing good in the industry: 77.50% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.45
Quick Ratio 0.45
WHFCL Yearly Current Assets VS Current LiabilitesWHFCL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. WHFCL Growth Analysis

3.1 Past

  • WHFCL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.41%.
  • WHFCL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.65% yearly.
  • Looking at the last year, WHFCL shows a very negative growth in Revenue. The Revenue has decreased by -21.70% in the last year.
  • WHFCL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.33% yearly.
EPS 1Y (TTM)-30.41%
EPS 3Y-9.82%
EPS 5Y-2.65%
EPS Q2Q%-18.37%
Revenue 1Y (TTM)-21.7%
Revenue growth 3Y-6.01%
Revenue growth 5Y3.33%
Sales Q2Q%-17.45%

3.2 Future

  • The Earnings Per Share is expected to decrease by -3.89% on average over the next years.
  • Based on estimates for the next years, WHFCL will show a decrease in Revenue. The Revenue will decrease by -1.96% on average per year.
EPS Next Y-0.51%
EPS Next 2Y-3.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.95%
Revenue Next 2Y-1.96%
Revenue Next 3YN/A
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WHFCL Yearly Revenue VS EstimatesWHFCL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
WHFCL Yearly EPS VS EstimatesWHFCL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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2

4. WHFCL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.71, which indicates a rather expensive current valuation of WHFCL.
  • Based on the Price/Earnings ratio, WHFCL is valued a bit more expensive than the industry average as 65.42% of the companies are valued more cheaply.
  • WHFCL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.71.
  • Based on the Price/Forward Earnings ratio of 22.85, the valuation of WHFCL can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, WHFCL is valued a bit more expensive than 64.58% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of WHFCL to the average of the S&P500 Index (38.09), we can say WHFCL is valued slightly cheaper.
Industry RankSector Rank
PE 22.71
Fwd PE 22.85
WHFCL Price Earnings VS Forward Price EarningsWHFCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, WHFCL is valued cheaply inside the industry as 80.42% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.32
EV/EBITDA N/A
WHFCL Per share dataWHFCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • WHFCL's earnings are expected to decrease with -3.89% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.89%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. WHFCL Dividend Analysis

5.1 Amount

  • WHFCL has a Yearly Dividend Yield of 13.18%, which is a nice return.
  • WHFCL's Dividend Yield is rather good when compared to the industry average which is at 6.47. WHFCL pays more dividend than 82.50% of the companies in the same industry.
  • WHFCL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 13.18%

5.2 History

  • The dividend of WHFCL has a limited annual growth rate of 0.78%.
  • WHFCL has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)0.78%
Div Incr Years0
Div Non Decr Years2
WHFCL Yearly Dividends per shareWHFCL Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 255.35% of the earnings are spent on dividend by WHFCL. This is not a sustainable payout ratio.
  • WHFCL's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP255.35%
EPS Next 2Y-3.89%
EPS Next 3YN/A
WHFCL Yearly Income VS Free CF VS DividendWHFCL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M
WHFCL Dividend Payout.WHFCL Dividend Payout, showing the Payout Ratio.WHFCL Dividend Payout.PayoutRetained Earnings

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WHFCL Fundamentals: All Metrics, Ratios and Statistics

WHITEHORSE FINANCE - WHF 7 7/8 09/15/28

NASDAQ:WHFCL (4/21/2026, 8:18:33 PM)

25.44

+0.18 (+0.71%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)03-02
Earnings (Next)05-12
Inst Owners17.75%
Inst Owner ChangeN/A
Ins Owners5.06%
Ins Owner ChangeN/A
Market Cap565.53M
Revenue(TTM)72.67M
Net Income(TTM)14.34M
Analysts48.33
Price Target25.71 (1.06%)
Short Float %0%
Short Ratio0.01
Dividend
Industry RankSector Rank
Dividend Yield 13.18%
Yearly Dividend1.61
Dividend Growth(5Y)0.78%
DP255.35%
Div Incr Years0
Div Non Decr Years2
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.46%
Min EPS beat(2)-10.38%
Max EPS beat(2)1.46%
EPS beat(4)1
Avg EPS beat(4)-6.84%
Min EPS beat(4)-11.79%
Max EPS beat(4)1.46%
EPS beat(8)2
Avg EPS beat(8)-6.94%
EPS beat(12)4
Avg EPS beat(12)-4.29%
EPS beat(16)6
Avg EPS beat(16)-3.2%
Revenue beat(2)0
Avg Revenue beat(2)-21.81%
Min Revenue beat(2)-41.9%
Max Revenue beat(2)-1.71%
Revenue beat(4)0
Avg Revenue beat(4)-13.77%
Min Revenue beat(4)-41.9%
Max Revenue beat(4)-1.71%
Revenue beat(8)0
Avg Revenue beat(8)-11.93%
Revenue beat(12)3
Avg Revenue beat(12)-7.39%
Revenue beat(16)5
Avg Revenue beat(16)-5.52%
PT rev (1m)-19.81%
PT rev (3m)-11.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.18%
EPS NY rev (1m)4.43%
EPS NY rev (3m)4.43%
Revenue NQ rev (1m)-2.33%
Revenue NQ rev (3m)-2.33%
Revenue NY rev (1m)6.76%
Revenue NY rev (3m)-3.74%
Valuation
Industry RankSector Rank
PE 22.71
Fwd PE 22.85
P/S 7.78
P/FCF 7.32
P/OCF 7.32
P/B 2.18
P/tB 2.18
EV/EBITDA N/A
EPS(TTM)1.12
EY4.4%
EPS(NY)1.11
Fwd EY4.38%
FCF(TTM)3.48
FCFY13.66%
OCF(TTM)3.48
OCFY13.66%
SpS3.27
BVpS11.69
TBVpS11.69
PEG (NY)N/A
PEG (5Y)N/A
Graham Number17.161 (-32.54%)
Profitability
Industry RankSector Rank
ROA 2.33%
ROE 5.52%
ROCE 4.47%
ROIC 3.53%
ROICexc 3.57%
ROICexgc 3.57%
OM 35.93%
PM (TTM) 19.73%
GM 44.23%
FCFM 106.33%
ROA(3y)2.24%
ROA(5y)2.45%
ROE(3y)5.25%
ROE(5y)5.81%
ROIC(3y)4.31%
ROIC(5y)3.9%
ROICexc(3y)4.38%
ROICexc(5y)3.96%
ROICexgc(3y)4.38%
ROICexgc(5y)3.96%
ROCE(3y)5.45%
ROCE(5y)4.93%
ROICexgc growth 3Y-2.48%
ROICexgc growth 5Y5.25%
ROICexc growth 3Y-2.48%
ROICexc growth 5Y5.25%
OM growth 3Y-5.5%
OM growth 5Y-1.71%
PM growth 3Y3.27%
PM growth 5Y-17.42%
GM growth 3Y-3.38%
GM growth 5Y-0.86%
F-Score5
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 4.19
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.17
Cash Conversion N/A
Profit Quality 538.97%
Current Ratio 0.45
Quick Ratio 0.45
Altman-Z 1.02
F-Score5
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)569.17%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-30.41%
EPS 3Y-9.82%
EPS 5Y-2.65%
EPS Q2Q%-18.37%
EPS Next Y-0.51%
EPS Next 2Y-3.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-21.7%
Revenue growth 3Y-6.01%
Revenue growth 5Y3.33%
Sales Q2Q%-17.45%
Revenue Next Year1.95%
Revenue Next 2Y-1.96%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-30.23%
EBIT growth 3Y-11.18%
EBIT growth 5Y1.56%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1.89%
FCF growth 3Y2.39%
FCF growth 5YN/A
OCF growth 1Y-1.89%
OCF growth 3Y2.39%
OCF growth 5YN/A

WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 / WHFCL Fundamental Analysis FAQ

What is the fundamental rating for WHFCL stock?

ChartMill assigns a fundamental rating of 3 / 10 to WHFCL.


What is the valuation status of WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 (WHFCL) stock?

ChartMill assigns a valuation rating of 2 / 10 to WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 (WHFCL). This can be considered as Overvalued.


Can you provide the profitability details for WHITEHORSE FINANCE - WHF 7 7/8 09/15/28?

WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 (WHFCL) has a profitability rating of 4 / 10.


What is the earnings growth outlook for WHITEHORSE FINANCE - WHF 7 7/8 09/15/28?

The Earnings per Share (EPS) of WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 (WHFCL) is expected to decline by -0.51% in the next year.


How sustainable is the dividend of WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 (WHFCL) stock?

The dividend rating of WHITEHORSE FINANCE - WHF 7 7/8 09/15/28 (WHFCL) is 5 / 10 and the dividend payout ratio is 255.35%.