WhiteHorse Finance, Inc. (WHF)

WhiteHorse Finance Statistics

Total Valuation

WHF has a market cap or net worth of $223.48 million. The enterprise value is $563.83 million.

Market Cap	223.48M
Enterprise Value	563.83M

Important Dates

The last earnings date was Friday, March 7, 2025, before market open.

Earnings Date	Mar 7, 2025
Ex-Dividend Date	Mar 21, 2025

Share Statistics

WHF has 23.24 million shares outstanding.

Current Share Class	23.24M
Shares Outstanding	23.24M
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	4.29%
Owned by Institutions (%)	16.21%
Float	n/a

Valuation Ratios

The trailing PE ratio is 20.62 and the forward PE ratio is 7.24.

PE Ratio	20.62
Forward PE	7.24
PS Ratio	2.42
Forward PS	2.62
PB Ratio	0.78
P/TBV Ratio	0.78
P/FCF Ratio	n/a
P/OCF Ratio	2.83
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	51.96
EV / Sales	6.07
EV / EBITDA	n/a
EV / EBIT	8.51
EV / FCF	n/a

Financial Position

The company has a current ratio of 0.45, with a Debt / Equity ratio of 1.23.

Current Ratio	0.45
Quick Ratio	0.24
Debt / Equity	1.23
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	2.37

Financial Efficiency

Return on equity (ROE) is 3.60% and return on invested capital (ROIC) is 6.17%.

Return on Equity (ROE)	3.60%
Return on Assets (ROA)	5.88%
Return on Invested Capital (ROIC)	6.17%
Return on Capital Employed (ROCE)	11.05%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	n/a
Asset Turnover	0.13
Inventory Turnover	n/a

Taxes

In the past 12 months, WHF has paid $1.12 million in taxes.

Income Tax	1.12M
Effective Tax Rate	9.36%

Stock Price Statistics

The stock price has decreased by -22.58% in the last 52 weeks. The beta is 1.10, so WHF's price volatility has been similar to the market average.

Beta (5Y)	1.10
52-Week Price Change	-22.58%
50-Day Moving Average	10.33
200-Day Moving Average	11.14
Relative Strength Index (RSI)	37.23
Average Volume (20 Days)	96,715

Short Selling Information

The latest short interest is 338,115, so 1.45% of the outstanding shares have been sold short.

Short Interest	338,115
Short Previous Month	215,266
Short % of Shares Out	1.45%
Short % of Float	n/a
Short Ratio (days to cover)	3.77

Income Statement

In the last 12 months, WHF had revenue of $92.82 million and earned $10.85 million in profits. Earnings per share was $0.47.

Revenue	92.82M
Gross Profit	92.82M
Operating Income	66.26M
Pretax Income	22.83M
Net Income	10.85M
EBITDA	n/a
EBIT	66.26M
Earnings Per Share (EPS)	$0.47

Balance Sheet

The company has $12.42 million in cash and $353.12 million in debt, giving a net cash position of -$340.69 million or -$14.66 per share.

Cash & Cash Equivalents	12.42M
Total Debt	353.12M
Net Cash	-340.69M
Net Cash Per Share	-$14.66
Equity (Book Value)	286.13M
Book Value Per Share	12.31
Working Capital	-42.51M

Cash Flow

Operating Cash Flow	78.76M
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross margin is 100.00%, with operating and profit margins of 71.39% and 11.69%.

Gross Margin	100.00%
Operating Margin	71.39%
Pretax Margin	12.90%
Profit Margin	11.69%
EBITDA Margin	n/a
EBIT Margin	71.39%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.54, which amounts to a dividend yield of 16.00%.

Dividend Per Share	$1.54
Dividend Yield	16.00%
Dividend Growth (YoY)	18.21%
Years of Dividend Growth	2
Payout Ratio	329.87%
Buyback Yield	n/a
Shareholder Yield	16.04%
Earnings Yield	4.86%
FCF Yield	n/a

Analyst Forecast

The average price target for WHF is $10.83, which is 12.64% higher than the current price. The consensus rating is "Sell".

Price Target	$10.83
Price Target Difference	12.64%
Analyst Consensus	Sell
Analyst Count	4
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

WHF has an Altman Z-Score of 0.71 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.71
Piotroski F-Score	5