WHITEHORSE FINANCE, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.19 USD | +0.69% |
|
+1.00% | +7.24% |
| May. 08 | Transcript : WhiteHorse Finance, Inc., Q1 2024 Earnings Call, May 08, 2024 | |
| May. 08 | WhiteHorse Finance, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 281.5 | 279.6 | 358.8 | 303.3 | 285.9 | 306.6 | - |
| Enterprise Value (EV) 1 | 576.1 | 656.4 | 822.6 | 734.2 | 285.9 | 489.1 | 494.8 |
| P/E ratio | 9.13 x | 8.78 x | 10.9 x | 19.2 x | 14 x | 8.44 x | 8.01 x |
| Yield | 11.8% | 11.4% | 9.16% | 11% | 12.6% | 11.9% | 11.9% |
| Capitalization / Revenue | 4.2 x | 4.53 x | 4.97 x | 3.47 x | 2.77 x | 3.09 x | 3.21 x |
| EV / Revenue | 8.59 x | 10.6 x | 11.4 x | 8.39 x | 2.77 x | 4.92 x | 5.19 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 0.9 x | 0.89 x | 1.03 x | 0.91 x | 0.9 x | 0.97 x | 0.97 x |
| Nbr of stocks (in thousands) | 20,546 | 20,546 | 23,149 | 23,243 | 23,243 | 23,243 | - |
| Reference price 2 | 13.70 | 13.61 | 15.50 | 13.05 | 12.30 | 13.19 | 13.19 |
| Announcement Date | 3/2/20 | 3/2/21 | 3/3/22 | 3/2/23 | 2/29/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 67.07 | 61.7 | 72.14 | 87.53 | 103.3 | 99.36 | 95.4 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income 1 | 30.84 | 31.68 | 30.09 | 15.68 | 20.41 | 37.99 | 38.66 |
| Net margin | 45.98% | 51.35% | 41.71% | 17.92% | 19.77% | 38.24% | 40.53% |
| EPS 2 | 1.500 | 1.550 | 1.420 | 0.6800 | 0.8800 | 1.563 | 1.648 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.620 | 1.550 | 1.420 | 1.430 | 1.550 | 1.568 | 1.566 |
| Announcement Date | 3/2/20 | 3/2/21 | 3/3/22 | 3/2/23 | 2/29/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18.45 | 20.03 | 20 | 21.56 | 25.94 | 26.16 | 25.6 | 25.87 | 25.63 | 25.48 | 24.76 | 24.82 | 24.43 | 24.29 | 24.31 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 3.302 | 5.931 | 7.524 | 9.768 | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 3.143 | 5.707 | 7.349 | 3.845 | -1.218 | 7.506 | 3.881 | 5.599 | 3.426 | 5.969 | 10.2 | 10.19 | 9.877 | 9.838 | 9.862 |
| Net margin | 17.03% | 28.49% | 36.74% | 17.84% | -4.7% | 28.69% | 15.16% | 21.64% | 13.37% | 23.43% | 41.2% | 41.07% | 40.44% | 40.5% | 40.56% |
| EPS 2 | 0.1200 | 0.2500 | 0.3200 | 0.1700 | -0.0500 | 0.3200 | 0.1700 | 0.2400 | 0.1500 | 0.2600 | 0.4425 | 0.4356 | 0.4247 | 0.4100 | 0.4100 |
| Dividend per Share 2 | 0.3550 | 0.3600 | 0.3600 | 0.3550 | 0.3550 | 0.3550 | 0.3700 | 0.3850 | 0.3850 | - | 0.3967 | 0.3983 | 0.4017 | 0.4033 | 0.4000 |
| Announcement Date | 3/3/22 | 5/10/22 | 8/10/22 | 11/14/22 | 3/2/23 | 5/9/23 | 8/8/23 | 11/9/23 | 2/29/24 | 5/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 295 | 377 | 464 | 431 | - | 183 | 188 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 9.82% | 8.2% | 9.08% | 4.6% | - | 12.4% | 11.8% |
| ROA (Net income/ Total Assets) | 5.39% | 3.8% | 3.83% | 1.9% | - | 5.54% | 5.11% |
| Assets 1 | 572.7 | 833.6 | 785 | 823.7 | - | 686.2 | 757.1 |
| Book Value Per Share 2 | 15.20 | 15.20 | 15.10 | 14.30 | 13.60 | 13.60 | 13.60 |
| Cash Flow per Share 2 | - | - | -4.260 | - | - | 0.9500 | 1.240 |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 3/2/20 | 3/2/21 | 3/3/22 | 3/2/23 | 2/29/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
13.19
USD
Average target price
13.2
USD
Spread / Average Target
+0.08%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.24% | 307M | |
| +7.14% | 13.19B | |
| +10.13% | 9.46B | |
| +1.10% | 5.65B | |
| +9.70% | 5.64B | |
| +7.41% | 5.28B | |
| +33.17% | 5.22B | |
| +26.13% | 4.82B | |
| +2.65% | 4.08B | |
| +5.64% | 3.99B |
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