WHF
NEUTRAL
$7.46
Live
WhiteHorse Finance, Inc. · NASDAQ
Target $7.67
(+2.8%)
$6.07
52W Range
$9.92
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 24, 2026
Market cap
$165.87M
P/E
12.03
ROE
5.3%
Profit margin
19.7%
Debt/Equity
1.25
Dividend yield
17.14%
AI Analysis
AI-powered fundamental assessment
Confidence
85%
WHF presents a classic value trap scenario, trading significantly below its Graham Number ($12.77) and Intrinsic Value ($18.29) with a P/B of 0.64. While the Piotroski F-Score of 4/9 indicates stable health, the financials are marred by a catastrophic dividend payout ratio of 226.61%, suggesting the current yield is unsustainable. Negative YoY revenue growth (-17.5%) and a bearish technical trend (0/100) further dampen the outlook despite a low forward P/E. The stock is fundamentally undervalued on a book-value basis but lacks the growth catalysts or dividend safety to warrant a bullish rating.
Key Strengths
Significant discount to book value (P/B 0.64)
Trading well below Graham Number ($12.77) and Intrinsic Value ($18.29)
Strong operating margins (68.15%)
Low forward P/E ratio (7.30)
Positive Q/Q earnings growth (+114.8%)
Key Risks
Unsustainable dividend payout ratio (226.61%)
Negative year-over-year revenue growth (-17.50%)
Bearish technical trend (0/100)
Poor earnings track record (only 1 beat in last 4 quarters)
Low ROE (5.25%) relative to the risk profile of asset management
AI Fair Value Estimate
Based on comprehensive analysis
$10.5
+40.8% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
47
Moderate
85
30
50
50
20
AI Verdict
Value Trap
Key drivers: Deep discount to book value, Unsustainable dividend payout, Declining annual revenue
Confidence
80%
Value
85/100
Ref P/E 12.03, Graham Number $12.77
Positives
- P/B of 0.64
- Price well below Graham Number
Watchpoints
- Low growth profile
Future
30/100
Ref Growth rates
Positives
- Strong Q/Q earnings growth
Watchpoints
- YoY Revenue growth -17.50%
Past
50/100
Ref Historical trends
Positives
- Recent EPS recovery
Watchpoints
- 1Y Change -10.8%
- Frequent earnings misses
Health
50/100
Ref Piotroski F-Score
Positives
- Piotroski F-Score 4/9 (Stable)
Watchpoints
- Debt/Equity 1.25
- Quick Ratio 0.41
Dividend
20/100
Ref Yield, Payout
Positives
- Very high yield (17.14%)
Watchpoints
- Payout ratio 226.61% indicates imminent risk of cut
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$7.46
Analyst Target
$7.67
Upside/Downside
+2.8%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for WHF and closest competitors.
Updated 2026-04-23
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
WHF
WhiteHorse Finance, Inc.
Primary
|
-9.9% | -6.8% | -10.8% | +13.8% | +5.8% | -1.7% |
|
BCIC
BCP Investment Corp.
Peer
|
+23.2% | -13.6% | -12.9% | +7.6% | +6.1% | +1.7% |
|
NAKA
Nakamoto Inc.
Peer
|
-92.1% | -92.1% | -85.7% | -69.9% | -8.8% | +12.3% |
|
OXSQ
Oxford Square Capital Corp.
Peer
|
-19.1% | +0.2% | -9.0% | +12.5% | +8.7% | +1.1% |
|
BANX
ArrowMark Financial Corp.
Peer
|
+77.2% | +59.5% | +11.0% | +8.9% | -3.7% | -1.0% |
WHF
WhiteHorse Finance, Inc.
Primary
5Y
-9.9%
3Y
-6.8%
1Y
-10.8%
6M
+13.8%
1M
+5.8%
1W
-1.7%
BCI
BCP Investment Corp.
Peer
5Y
+23.2%
3Y
-13.6%
1Y
-12.9%
6M
+7.6%
1M
+6.1%
1W
+1.7%
NAK
Nakamoto Inc.
Peer
5Y
-92.1%
3Y
-92.1%
1Y
-85.7%
6M
-69.9%
1M
-8.8%
1W
+12.3%
OXS
Oxford Square Capital Corp.
Peer
5Y
-19.1%
3Y
+0.2%
1Y
-9.0%
6M
+12.5%
1M
+8.7%
1W
+1.1%
BAN
ArrowMark Financial Corp.
Peer
5Y
+77.2%
3Y
+59.5%
1Y
+11.0%
6M
+8.9%
1M
-3.7%
1W
-1.0%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
12.03
Forward P/E
7.3
PEG Ratio
N/A
P/B Ratio
0.64
P/S Ratio
2.28
EV/Revenue
6.64
EV/EBITDA
N/A
Market Cap
$165.87M
Profitability
Profit margins and return metrics
Profit Margin
19.73%
Operating Margin
68.15%
Gross Margin
100.0%
ROE
5.25%
ROA
4.83%
Growth
Revenue and earnings growth rates
Revenue Growth
-17.5%
Earnings Growth
+114.0%
Q/Q Revenue Growth
+78.3%
Q/Q Earnings Growth
+114.8%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
1.25
Moderate
Current Ratio
1.18
Good
Quick Ratio
0.41
Poor
Cash/Share
$0.32
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.0B
Net Margin
85.3%
Total Assets
$0.6B
Liabilities
$0.4B
Equity
$0.3B
Debt/Equity
1.37x
Operating CF
$0.0B
Free Cash Flow
$0.0B
FCF Yield
100%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-05-07
$N/A
2026-03-02
$0.29
+7.2% surprise
2025-11-10
$0.26
-9.4% surprise
2025-08-07
$0.29
-7.3% surprise
Financial Services Sector Comparison
Comparing WHF against 603 companies in the Financial Services sector
(111 bullish, 249 neutral, 243 bearish)
P/E Ratio
12.03
This Stock
vs
40.75
Sector Avg
-70.5%
(Discount)
Return on Equity (ROE)
5.25%
This Stock
vs
-0.66%
Sector Avg
-896.1%
(Below Avg)
Profit Margin
19.73%
This Stock
vs
46.08%
Sector Avg
-57.2%
(Weaker)
Debt to Equity
1.25
This Stock
vs
1.5
Sector Avg
-16.9%
(Lower)
Revenue Growth
-17.5%
This Stock
vs
39.22%
Sector Avg
-144.6%
(Slower)
Current Ratio
1.18
This Stock
vs
3.63
Sector Avg
-67.6%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
WHF
WhiteHorse Finance, Inc.
|
NEUTRAL | $165.87M | 12.03 | 5.3% | 19.7% | $7.46 | |
|
BCIC
BCP Investment Corp.
|
NEUTRAL | $165.56M | 8.04 | 7.9% | 28.4% | $12.55 | Compare |
|
NAKA
Nakamoto Inc.
|
BEARISH | $164.29M | - | -20.2% | -% | $0.24 | Compare |
|
OXSQ
Oxford Square Capital Corp.
|
BEARISH | $163.65M | - | -12.2% | -46.4% | $1.87 | Compare |
|
BANX
ArrowMark Financial Corp.
|
NEUTRAL | $163.16M | 7.74 | 12.5% | 69.8% | $20.89 | Compare |
WHF
WhiteHorse Finance, Inc.
NEUTRAL
Mkt Cap
$166M
P/E
12.0
ROE
5.3%
Price
$7.46
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-23 | ARONSON STUART D. | Chief Executive Officer | Purchase | 13,000 | $91,100 |
| 2026-03-16 | BOLDUC JOHN P | Director | Purchase | 25,170 | $179,588 |
| 2026-03-13 | VOLPE JOHN PAUL | Director | Purchase | 1,000 | $7,180 |
| 2026-03-06 | BOLDUC JOHN P | Director | Purchase | 16,668 | $119,710 |
| 2025-12-24 | BOLDUC JOHN P | Director | Purchase | 23,174 | $162,057 |
| 2025-12-24 | THOMAS JOYSON C. | Chief Financial Officer | Purchase | 4,502 | $31,559 |
| 2025-12-23 | ARONSON STUART D. | Chief Executive Officer | Purchase | 17,000 | $116,600 |
| 2025-12-23 | VOLPE JOHN PAUL | Director | Sale | 1,000 | $6,820 |
| 2025-11-14 | BOLDUC JOHN P | Director | Purchase | 28,300 | $194,864 |
| 2025-11-12 | ARONSON STUART D. | Chief Executive Officer | Purchase | 14,000 | $96,880 |
| 2025-11-12 | VOLPE JOHN PAUL | Director | Purchase | 1,000 | $6,950 |
ARONSON STUART D.
Chief Executive Officer
2026-03-23
13,000 shares
·
$91,100
BOLDUC JOHN P
Director
2026-03-16
25,170 shares
·
$179,588
VOLPE JOHN PAUL
Director
2026-03-13
1,000 shares
·
$7,180
BOLDUC JOHN P
Director
2026-03-06
16,668 shares
·
$119,710
BOLDUC JOHN P
Director
2025-12-24
23,174 shares
·
$162,057
THOMAS JOYSON C.
Chief Financial Officer
2025-12-24
4,502 shares
·
$31,559
ARONSON STUART D.
Chief Executive Officer
2025-12-23
17,000 shares
·
$116,600
VOLPE JOHN PAUL
Director
2025-12-23
1,000 shares
·
$6,820
BOLDUC JOHN P
Director
2025-11-14
28,300 shares
·
$194,864
ARONSON STUART D.
Chief Executive Officer
2025-11-12
14,000 shares
·
$96,880
VOLPE JOHN PAUL
Director
2025-11-12
1,000 shares
·
$6,950
Insider transactions can signal confidence or concerns about company prospects
Past News Coverage
Recent headlines mentioning WHF from our newsroom.
Newest → oldest
No matching news yet.