WallStSmart

Blackstone Group Inc (BX)vsWhiteHorse Finance (WHF)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Blackstone Group Inc generates 19457% more annual revenue ($14.21B vs $72.67M). BX leads profitability with a 21.2% profit margin vs 19.7%. WHF appears more attractively valued with a PEG of 1.01. BX earns a higher WallStSmart Score of 77/100 (B+).

BX

Strong Buy

77

out of 100

Grade: B+

Growth: 10.0Profit: 9.0Value: 10.0Quality: 5.3
Piotroski: 2/9

WHF

Strong Buy

66

out of 100

Grade: B-

Growth: 4.7Profit: 7.0Value: 10.0Quality: 6.8
Piotroski: 5/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BXUndervalued (+35.7%)

Margin of Safety

+35.7%

Fair Value

$181.12

Current Price

$108.38

$72.74 discount

UndervaluedFair: $181.12Overvalued
WHFUndervalued (+76.9%)

Margin of Safety

+76.9%

Fair Value

$29.02

Current Price

$7.32

$21.70 discount

UndervaluedFair: $29.02Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BX6 strengths · Avg: 9.2/10
Operating MarginProfitability
52.8%10/10

Strong operational efficiency at 52.8%

Revenue GrowthGrowth
50.6%10/10

Revenue surging 50.6% year-over-year

Market CapQuality
$131.98B9/10

Large-cap with strong market position

Return on EquityProfitability
29.2%9/10

Every $100 of equity generates 29 in profit

Profit MarginProfitability
21.2%9/10

Keeps 21 of every $100 in revenue as profit

EPS GrowthGrowth
42.5%8/10

Earnings expanding 42.5% YoY

WHF4 strengths · Avg: 10.0/10
P/E RatioValuation
11.4x10/10

Attractively priced relative to earnings

Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Operating MarginProfitability
68.1%10/10

Strong operational efficiency at 68.1%

EPS GrowthGrowth
114.0%10/10

Earnings expanding 114.0% YoY

Areas to Watch

BX4 concerns · Avg: 3.5/10
P/E RatioValuation
27.9x4/10

Moderate valuation

Price/BookValuation
9.8x4/10

Trading at 9.8x book value

Debt/EquityHealth
1.633/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

WHF4 concerns · Avg: 2.8/10
Market CapQuality
$156.75M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.3%3/10

ROE of 5.3% — below average capital efficiency

Debt/EquityHealth
1.223/10

Elevated debt levels

Revenue GrowthGrowth
-17.5%2/10

Revenue declined 17.5%

Comparative Analysis Report

WallStSmart Research

Bull Case : BX

The strongest argument for BX centers on Operating Margin, Revenue Growth, Market Cap. Profitability is solid with margins at 21.2% and operating margin at 52.8%. Revenue growth of 50.6% demonstrates continued momentum.

Bull Case : WHF

The strongest argument for WHF centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 19.7% and operating margin at 68.1%. PEG of 1.01 suggests the stock is reasonably priced for its growth.

Bear Case : BX

The primary concerns for BX are P/E Ratio, Price/Book, Debt/Equity. Debt-to-equity of 1.63 is elevated, increasing financial risk.

Bear Case : WHF

The primary concerns for WHF are Market Cap, Return on Equity, Debt/Equity.

Key Dynamics to Monitor

BX profiles as a growth stock while WHF is a declining play — different risk/reward profiles.

BX carries more volatility with a beta of 1.79 — expect wider price swings.

BX is growing revenue faster at 50.6% — sustainability is the question.

WHF generates stronger free cash flow (8M), providing more financial flexibility.

Bottom Line

BX scores higher overall (77/100 vs 66/100), backed by strong 21.2% margins and 50.6% revenue growth. WHF offers better value entry with a 76.9% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Blackstone Group Inc

FINANCIAL SERVICES · ASSET MANAGEMENT · USA

Blackstone Group Inc. is an alternative asset management company specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity strategies and multiple asset classes. The company is headquartered in New York, New York with additional offices across Asia, Europe and North America.

WhiteHorse Finance

FINANCIAL SERVICES · ASSET MANAGEMENT · USA

WhiteHorse Finance, Inc. (WHF) is a leading business development company specializing in providing bespoke financing solutions to private middle-market firms. Since its establishment in 2013 and subsequent IPO in 2014, WHF has built a well-diversified portfolio focused on first and second lien secured debt investments, ensuring steady income and capital appreciation for its shareholders. With a disciplined investment approach and a seasoned management team, WhiteHorse Finance is strategically positioned to meet the growing demand for flexible capital among small to medium-sized enterprises, solidifying its role as a trusted partner in the evolving financial landscape.

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