WhiteHorse Finance Inc
Research WhiteHorse Finance Inc (WHF) on Bullrun: valuation model: 5.7% undervalued, market cap USD 157.42M, P/E 9.3, dividend yield 14.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWHF
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal5.7% undervalued
- Market capUSD 157.42M
- P/E9.3
- Dividend yield14.3%
- Financial periodQ2 2026
- RevenueUSD 11.61M
- Net incomeUSD 10.41M
- Free cash flow-USD 12.98M
Valuation Snapshot
Bullrun's latest valuation model marks WhiteHorse Finance Inc as 5.7% undervalued; latest market cap is USD 157.42M; P/E is 9.3; dividend yield is 14.3%.
Peer valuation comparison
Latest P/E is 9.28x versus a Financial Services sector median of 13.41x (30.8% below).
Latest dividend yield is 14.25% versus a Financial Services sector median of 3.66% (289.9% 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 | USD 25.68M | USD 20.41M | USD 90.37M | n/a | 0.88 | USD 10.75M | USD 386.45M | USD 316.77M |
| FY2022 | USD 21.35M | USD 15.68M | USD 71.99M | 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 | 2026-10-12 | USD 157.42M | 9.3 | 14.3% | 1.05 |
| 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 1.05 USD, yield 14.3%.
| 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 5.7% undervalued.
What is WhiteHorse Finance Inc's market cap?
WhiteHorse Finance Inc's market capitalization is USD 157.42M.
What is WhiteHorse Finance Inc's P/E ratio?
WhiteHorse Finance Inc's price-to-earnings (P/E) ratio is 9.3.
Does WhiteHorse Finance Inc pay a dividend?
WhiteHorse Finance Inc has a dividend yield of 14.3%.
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.