NASDAQ
WHF
Last Price
US $6.78
Valuation
Financial
Performance
Financial risk - Cash flow debt coverage.
WhiteHorse Finance, Inc. cash flow to debt ratio of 5.95% indicates that the company cannot generate enough cash to cover its debt over time. This level indicates weak financial health.
Financial risk - Healthy cash flow growth.
WhiteHorse Finance, Inc.'s free cash flow has decreased -75.51% from $78.76M last year to $19.28M, signaling decreasing performance
Financial risk - Healthy debt to equity ratio.
WhiteHorse Finance, Inc.'s debt to equity ratio is 1.29, which means that the company's assets are unhealthy financed, signaling financial risk. READ MORE: A ratio over 0.60 means the company finances its assets with debt, signaling financial risk. If ratio is negative, the company spent its own equity and risks bankruptcy
Financial risk - Healthy debt to equity ratio development.
WhiteHorse Finance, Inc.'s debt has increased relative to shareholder equity from 1.23 last year to 1.29 today, signaling weakened financials
Financial risk - Net debt/EBITDA.
WhiteHorse Finance, Inc. has a net debt to EBITDA ratio of 7.86x, which exceeds the 3.00x threshold, indicating high leverage and potential financial risk
Financial stability - ICR.
WhiteHorse Finance, Inc. earns at least as much interest as it pays. Interest obligations are fully covered.
Financial risk - Profit margin growth.
WhiteHorse Finance, Inc.'s profit margin has decreased (-65.45%) in the last year from 63.47% to 21.93%, signaling decreasing performance
Financial stability - Short term assets vs short term liabilities.
WhiteHorse Finance, Inc.'s short-term assets of $35.09M exceed its short-term liabilities of $30.69M
Decreasing performance - ROA.
WhiteHorse Finance, Inc.'s return on assets of 1.55% is lower than the 5.00% threshold, indicating inefficient asset utilization
Decreasing performance - Absolute return on equity.
WhiteHorse Finance, Inc.'s return on equity of 3.58%, is lower than 15.00%, indicating bad performance
Increasing performance - Earnings quality.
WhiteHorse Finance, Inc.'s operating cash flow exceeds its net income, indicating high-quality earnings backed by actual cash generation
Increasing performance - Earnings stability.
WhiteHorse Finance, Inc. had positive net income in 5.00 out of 5 years, indicating stable and consistent earnings
Increasing performance - Free cash flow.
WhiteHorse Finance, Inc. has positive free cash flow, indicating the company generates cash after capital expenditures
Increasing performance - FCF yield.
WhiteHorse Finance, Inc. has a free cash flow yield of 13.63%, which is above the 2.00% threshold, indicating strong cash generation relative to market value
Increasing performance - Healthy earnings growth.
WhiteHorse Finance, Inc.'s yearly earnings has increased 32.13% since last year from $10.85M to $14.34M, signaling increasing performance
Increasing performance - Healthy revenue growth.
WhiteHorse Finance, Inc.'s yearly revenue has increased 121.65% since last year from $17.09M to $37.89M, signaling increasing performance
Decreasing performance - ROIC.
ROIC 2.46% (Source: FMP key-metrics). Below the 5% partial-credit threshold. Score: 0 of 2. The 5% and 10% cutoffs anchor to typical US weighted-average cost of capital. Below 5% indicates the company is not generating returns above its likely cost of capital under this definition of invested capital. Invested capital here includes equity, non-current liabilities (pension obligations, deferred taxes, lease obligations), and short-term debt. Cash is not subtracted. Companies with substantial float, lease portfolios, or cash holdings will score lower under this definition than under narrower operating-capital definitions. See methodology.
Decreasing performance - 3-year revenue CAGR.
WhiteHorse Finance, Inc.'s 3-year revenue CAGR of -4.35% is negative, indicating declining revenue over the past 3 years
Increasing performance - Revenue consistency.
WhiteHorse Finance, Inc. had revenue growth in 3.00 out of 5 years, indicating consistent revenue performance
Increasing performance - ROE consistency.
WhiteHorse Finance, Inc. had positive ROE in 5.00 out of 5 years, indicating consistent and reliable returns on equity
Overvalued - DCF valuation.
WhiteHorse Finance, Inc. has insufficient data to evaluate this check.
Undervalued - Earnings yield.
WhiteHorse Finance, Inc. has an earnings yield of 6.42%, which is above the 4.00% threshold, indicating the stock offers reasonable value relative to its earnings
Overvalued - EBITDA valuation.
WhiteHorse Finance, Inc. is overvalued relative to its fair value price of 0.00 based on EBITDA multiple model
Overvalued - EV/EBITDA.
WhiteHorse Finance, Inc. has an EV/EBITDA ratio of 30.37x, which exceeds the 20.00x threshold, indicating the stock may be overvalued relative to its operating earnings
Overvalued - PEG ratio value.
WhiteHorse Finance, Inc. has negative trailing-twelve-month earnings; this ratio is not meaningful and the check fails
Undervalued - P/B ratio.
WhiteHorse Finance, Inc. has a price-to-book ratio of 0.58x, which is below the 5.00x threshold, indicating reasonable valuation relative to its book value
Undervalued - P/S ratio.
WhiteHorse Finance, Inc. has a price-to-sales ratio of 3.31x, which is below the 8.00x threshold, indicating reasonable valuation relative to its revenue
Profit margin
Current Ratio
Capital Returns
3.58%
Return on equity
ROIC: 2.46%
Valuation History
16.4X
Price to Earnings
EV/EBITDA: 30.4X
Cash flow
Profit margin
2.94%
(FY vs FY)
Cash flow Y/Y
-4.55%
(FY vs FY)
Fair Value
Market $6.78
18.73%
Default assumptions
Base valuations use default assumptions. Customize in the Valuator.