WhiteHorse Finance, Inc. (WHF)
Financial Services · NMS
Fundamentals
Valuation and ratings
WhiteHorse Finance, Inc. trades at USD6.56, which is 78% below the USD11.68 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 42 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 15.7 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
WHF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.510 | 2 |
| 2025 | USD1.44 | 5 |
| 2024 | USD1.78 | 5 |
| 2023 | USD1.55 | 4 |
| 2022 | USD1.47 | 5 |
| 2021 | USD1.55 | 5 |
| 2020 | USD1.54 | 5 |
| 2019 | USD1.61 | 5 |
| 2018 | USD1.42 | 4 |
| 2017 | USD1.42 | 4 |
| 2016 | USD1.42 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
WHF earnings and analyst estimates
Recommendation mix, 5 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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. It prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.
WHF passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is WhiteHorse Finance, Inc. (WHF) undervalued?
Against our discounted cash flow estimate of USD11.68, WHF at USD6.56 is 78% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is WHF's P/E ratio?
WHF trades at 15.7 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does WhiteHorse Finance, Inc. (WHF) pay a dividend?
Yes. WhiteHorse Finance, Inc. yields 15.43% at the current share price. It has paid USD1.18 per share over the trailing twelve months. It has paid a dividend in each of the last 14 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does WHF report earnings next?
WhiteHorse Finance, Inc. is scheduled to report on 6 Aug 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.