WhiteHorse Finance Inc
Research WhiteHorse Finance Inc (WHF) on Bullrun: valuation model: 9.8% undervalued, market cap USD 151.41M, P/E 8.9, dividend yield 16.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWHF
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal9.8% undervalued
- Market capUSD 151.41M
- P/E8.9
- Dividend yield16.7%
- Financial periodQ1 2026
- RevenueUSD 15.33M
- Net incomeUSD 9.39M
- Free cash flowUSD 112.53M
Valuation Snapshot
Bullrun's latest valuation model marks WhiteHorse Finance Inc as 9.8% undervalued; latest market cap is USD 151.41M; P/E is 8.9; dividend yield is 16.7%.
Peer valuation comparison
Latest P/E is 8.93x versus a Financial Services sector median of 13.84x (35.5% below).
Latest dividend yield is 16.69% versus a Financial Services sector median of 3.86% (332.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 20.17M | USD 14.34M | USD 77.27M | n/a | 0.62 | USD 7.03M | USD 323.83M | USD 259.79M |
| FY2024 | USD 17.10M | USD 10.85M | USD 78.76M | n/a | 0.47 | USD 12.42M | USD 353.12M | USD 286.13M |
| FY2023 | n/a | USD 20.41M | n/a | n/a | 0.88 | USD 10.75M | USD 386.45M | USD 316.77M |
| FY2022 | n/a | USD 15.68M | n/a | n/a | 0.68 | USD 9.51M | USD 440.43M | USD 332.39M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 151.41M | 8.9 | 16.9% | 1.19 |
| 2025 | 2025-12-31 | USD 154.53M | 11.2 | 21.0% | 1.46 |
| 2024 | 2024-12-31 | USD 224.99M | 20.6 | 18.7% | 1.81 |
| 2023 | 2023-12-29 | USD 285.89M | 18.1 | 12.7% | 1.56 |
| 2022 | 2022-12-30 | USD 303.32M | 15.2 | 11.4% | 1.49 |
| 2021 | 2021-12-31 | USD 359.02M | 10.8 | 10.2% | 1.58 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.19 USD, yield 16.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.44 USD |
| FY2024 | 1.79 USD |
| FY2023 | 1.55 USD |
| FY2022 | 1.47 USD |
About WhiteHorse Finance Inc
WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.
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Frequently asked questions
Is WhiteHorse Finance Inc overvalued or undervalued?
Bullrun's valuation model currently marks WhiteHorse Finance Inc as 9.8% undervalued.
What is WhiteHorse Finance Inc's market cap?
WhiteHorse Finance Inc's market capitalization is USD 151.41M.
What is WhiteHorse Finance Inc's P/E ratio?
WhiteHorse Finance Inc's price-to-earnings (P/E) ratio is 8.9.
Does WhiteHorse Finance Inc pay a dividend?
WhiteHorse Finance Inc has a dividend yield of 16.7%.
What does WhiteHorse Finance Inc do?
WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite. It prefers to invest in United States.