WhiteHorse Finance (WHF) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
WhiteHorse Finance stock (WHF) is currently trading at $7.32. WhiteHorse Finance PE ratio is 11.37. WhiteHorse Finance PS ratio (Price-to-Sales) is 2.16. Analyst consensus price target for WHF is $7.67. WallStSmart rates WHF as Moderate Buy.
- WHF PE ratio analysis and historical PE chart
- WHF PS ratio (Price-to-Sales) history and trend
- WHF intrinsic value — DCF, Graham Number, EPV models
- WHF stock price prediction 2025 2026 2027 2028 2029 2030
- WHF fair value vs current price
- WHF insider transactions and insider buying
- Is WHF undervalued or overvalued?
- WhiteHorse Finance financial analysis — revenue, earnings, cash flow
- WHF Piotroski F-Score and Altman Z-Score
- WHF analyst price target and Smart Rating
WhiteHorse Finance
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WHF Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · WhiteHorse Finance (WHF)
WHF trades at a significant discount to its Graham intrinsic value of $29.02, offering a 77% margin of safety — a level value investors typically seek before buying.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.
Smart Analysis
WhiteHorse Finance (WHF) · 10 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in peg ratio, operating margin, price/book. Concerns around market cap and return on equity. Overall metrics suggest strong investment potential with favorable risk/reward.
WhiteHorse Finance (WHF) Key Strengths (5)
Keeps $68 of every $100 in revenue after operating costs
Trading below book value, meaning the market prices it less than net assets
Earnings per share surging 114.00% year-over-year
Good growth relative to its price
Strong profitability: $20 kept per $100 revenue
Supporting Valuation Data
WhiteHorse Finance (WHF) Areas to Watch (5)
Revenue declining -17.50%, a shrinking business
Micro-cap company with very limited liquidity and high volatility
Low profitability relative to shareholder equity
Revenue is fairly priced at 2.16x sales
Moderate institutional interest at 35.38%
Supporting Valuation Data
WhiteHorse Finance (WHF) Detailed Analysis Report
Overall Assessment
This company scores 66/100 in our Smart Analysis, earning a B- grade. Out of 10 metrics analyzed, 5 register as strengths (avg 9.2/10) while 5 fall into concern territory (avg 3.6/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on Operating Margin, Price/Book, EPS Growth. Valuation metrics including PEG Ratio (1.01), Price/Book (0.60) suggest the stock is attractively priced. Profitability is solid with Operating Margin at 68.10%, Profit Margin at 19.70%. Growth metrics are encouraging with EPS Growth at 114.00%.
The Bear Case
The primary concerns are Revenue Growth, Market Cap, Return on Equity. Some valuation metrics including Price/Sales (2.16) suggest expensive pricing. Growth concerns include Revenue Growth at -17.50%, which may limit upside. Profitability pressure is visible in Return on Equity at 5.25%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Revenue Growth improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 5.25% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at -17.50% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. Strengths and concerns are roughly balanced. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (Operating Margin, Price/Book) and negatives (Revenue Growth, Market Cap). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
WHF Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
WHF's Price-to-Sales ratio of 2.16x trades at a deep discount to its historical average of 38.67x (1th percentile). The current valuation is 100% below its historical high of 442.67x set in Dec 2016, and 12% above its historical low of 1.92x in Mar 2026. Over the past 12 months, the PS ratio has compressed from ~13.0x as trailing revenue scaled faster than the stock price.
WallStSmart Analysis Synopsis
Data-driven financial summary for WhiteHorse Finance (WHF) · FINANCIAL SERVICES › ASSET MANAGEMENT
The Big Picture
WhiteHorse Finance faces headwinds with declining revenue, though profitability provides a cushion. Revenue reached 73M with 18% decline year-over-year. Profit margins of 19.7% are healthy, with room for further expansion as the business scales.
Key Findings
ROE of 525.0% means the company generates strong returns on shareholder equity. Above 20% is considered top-tier.
Generating 8M in free cash flow and 8M in operating cash flow. Earnings are translating into actual cash generation.
Revenue contracted 18% YoY. Worth determining whether this is cyclical or structural.
What to Watch Next
Dividend sustainability with a current yield of 19.9%. Watch payout ratio and free cash flow coverage.
Debt management: total debt of 324M is significantly higher than cash (46M). Monitor refinancing risk.
Sector dynamics: monitor ASSET MANAGEMENT industry trends, competitive moves, and regulatory changes that could impact WhiteHorse Finance.
Bottom Line
WhiteHorse Finance faces challenges with declining revenue. While profitability provides a buffer, the long-term trajectory needs to improve. Watch for management's strategic response and whether the company can stabilize or pivot to new growth drivers.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
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About WhiteHorse Finance(WHF)
NASDAQ
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.