Whitehorse Finance, Inc.

Finance
Finance Companies
www.whitehorsefinance.com

Earnings Score

Market Cap $245.68M
PE 24
Debt $352.80M
Cash $11.16M
EV $587.31M
FCF $NaN

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$10.38M
ROE	3%
Equity	$296.88M
Growth Stability	79%
PE	23.68
PEG	6.68
PB	0.83
Price/Cash	0.05
Debt/Equity	1.19
Earnings CAGR	4%
Equity CAGR	-3%
Earnings Stability	-0.95
Earnings Growth YoY	-222%
Earnings Growth QoQ	-187%

Earnings CAGR 5Y	4%
Equity CAGR 5Y	-3%
Equity CAGR 3Y	-5%
Market Cap	$245.68M
Assets	$683.58M
Total Debt	$352.80M
Cash	$11.16M
Shares Outstanding	23.24M
EV	587.31M
Earnings Score	6%
Shares Growth 3y	2%
Equity Growth QoQ	-5%
Equity Growth YoY	-8%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held, small-cap companies located in North America. Its investment objective is to generate attractive risk-adjusted returns for investors, primarily by originating senior secured loans to privately held small-cap companies across a broad range of industries.

SEC Filings

Direct access to Whitehorse Finance, Inc. (WHF) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Whitehorse Finance, Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Whitehorse Finance, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability -95%

loading chart...

Whitehorse Finance, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Whitehorse Finance, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	-
ROA	-	-	-	-	-
ROE	-	-	5%	6%	3%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-
Debt over Equity	-	1.38	1.34	1.22	1.19
Growth Stability	-	-	-	79%	79%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.19)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (79%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-
Earnings YoY growth	-	-5%	-48%	30%	4%
Equity YoY growth	-	12%	-5%	-5%	-3%
FCF YoY growth	-	-	-	-	-