WHF Valuation

WhiteHorse Finance Inc

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8.810

+0.05(0.571%)1D

Overview
Forecast
Valuation
Earnings

WHF Relative Valuation

WHF's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, WHF is overvalued; if below, it's undervalued.

Historical Valuation

WhiteHorse Finance Inc (WHF) is now in the Undervalued zone, suggesting that its current forward PE ratio of 5.00 is considered Undervalued compared with the five-year average of 7.94. The fair price of WhiteHorse Finance Inc (WHF) is between 11.39 to 16.53 according to relative valuation methord. Compared to the current price of 8.78 USD , WhiteHorse Finance Inc is Undervalued By 22.9%.

Relative Value

Fair Zone

11.39-16.53

Current Price：8.78

22.9%

Undervalued

5.00

Trailing

Forward

0.00

EV/EBITDA

WhiteHorse Finance Inc. (WHF) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

0.00

EV/EBIT

WhiteHorse Finance Inc. (WHF) has a current EV/EBIT of 0.00. The 5-year average EV/EBIT is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBIT of 0.00 falls within the Strongly Undervalued range.

2.08

WhiteHorse Finance Inc. (WHF) has a current PS of 2.08. The 5-year average PS is 3.28. The thresholds are as follows: Strongly Undervalued below 1.80, Undervalued between 1.80 and 2.54, Fairly Valued between 4.02 and 2.54, Overvalued between 4.02 and 4.75, and Strongly Overvalued above 4.75. The current Forward PS of 2.08 falls within the Undervalued range.

-17.17

P/OCF

WhiteHorse Finance Inc. (WHF) has a current P/OCF of -17.17. The 5-year average P/OCF is 17.17. The thresholds are as follows: Strongly Undervalued below -398.13, Undervalued between -398.13 and -190.48, Fairly Valued between 224.83 and -190.48, Overvalued between 224.83 and 432.48, and Strongly Overvalued above 432.48. The current Forward P/OCF of -17.17 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

WhiteHorse Finance Inc. (WHF) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

WhiteHorse Finance Inc (WHF) has a current Price-to-Book (P/B) ratio of 0.65. Compared to its 3-year average P/B ratio of 0.84 , the current P/B ratio is approximately -23.19% higher. Relative to its 5-year average P/B ratio of 0.89, the current P/B ratio is about -26.89% higher. WhiteHorse Finance Inc (WHF) has a Forward Free Cash Flow (FCF) yield of approximately 34.21%. Compared to its 3-year average FCF yield of 22.51%, the current FCF yield is approximately 51.95% lower. Relative to its 5-year average FCF yield of 4.94% , the current FCF yield is about 592.00% lower.

0.65

P/B

Median3y

0.84

Median5y

0.89

34.48

FCF Yield

Median3y

22.51

Median5y

4.94

Competitors Valuation Multiple

The average P/S ratio for WHF's competitors is 60.06, providing a benchmark for relative valuation. WhiteHorse Finance Inc Corp (WHF) exhibits a P/S ratio of 2.08, which is -96.54% above the industry average. Given its robust revenue growth of -34.06%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

WHF.O

WhiteHorse Finance Inc

Oxford Square Capital Corp

Triplepoint Venture Growth BDC Corp

2.12

14.33%

250.41M

Performance Decomposition

Market capitalization of WHF decreased by 13.93% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 6.11 to 10.79.

The secondary factor is the Revenue Growth, contributed -34.06%to the performance.

Overall, the performance of WHF in the past 1 year is driven by P/E Change. Which is more unsustainable.

-34.06%

22.03M → 14.53M

Revenue Growth

-56.46%

35.58 → 15.49

Margin Expansion

76.59%

6.11 → 10.79

P/E Change

-13.93%