WhiteHorse Finance Inc
NASDAQ:WHF

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WhiteHorse Finance Inc
NASDAQ:WHF
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Price: 7.52 USD 0.8% Market Closed
Market Cap: $167.2m

P/OCF

2.2
Current
27%
Cheaper
vs 3-y average of 3

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
2.2
=
Market Cap
$157.2m
/
Operating Cash Flow
$77.3m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
2.2
=
Market Cap
$157.2m
/
Operating Cash Flow
$77.3m

Valuation Scenarios

WhiteHorse Finance Inc is trading below its 3-year average

If P/OCF returns to its 3-Year Average (3), the stock would be worth $10.35 (38% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+516%
Average Upside
254%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 2.2 $7.52
0%
3-Year Average 3 $10.35
+38%
5-Year Average 2.5 $8.59
+14%
Industry Average 11.9 $41.32
+449%
Country Average 13.3 $46.36
+516%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
US
WhiteHorse Finance Inc
NASDAQ:WHF
167.2m USD 2.2 11.7
US
BlackRock Inc
NYSE:BLK
162B USD 41.3 25.9
US
Blackstone Inc
NYSE:BX
144.5B USD 31.8 49.2
CA
Brookfield Corp
NYSE:BN
102.1B USD 9.3 89.6
US
Bank of New York Mellon Corp
NYSE:BK
92.3B USD 0 17.4
US
KKR & Co Inc
NYSE:KKR
90.8B USD 190 40.6
ZA
Ninety One Ltd
JSE:NY1
82.3B ZAR 18 24.2
US
BROOKFIELD ASSET MANAGEMENT LTD
F:RW5
67.3B EUR 36.9 31.2
CA
Brookfield Asset Management Inc
NYSE:BAM
77.9B USD 37.1 31.4
CA
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
107.2B CAD 36.6 30.9
US
Ameriprise Financial Inc
NYSE:AMP
42.4B USD 5.1 11.9

Market Distribution

Lower than 97% of companies in the United States of America
Percentile
3rd
Based on 9 488 companies
3rd percentile
2.2
Low
0 — 8.8
Typical Range
8.8 — 20.1
High
20.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 8.8
Median 13.3
70th Percentile 20.1
Max 3 188 432.5

WhiteHorse Finance Inc
Glance View

Market Cap
167.2m USD
Industry
Financial Services

WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The company is headquartered in Miami, Florida. The company went IPO on 2012-12-05. The Company’s investment objective is to generate risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries, which typically carry a floating interest rate based on a risk-free index rate, such as London Interbank Offered Rate (LIBOR) and have a term of 3-6 years. The firm is principally focuses on originating senior secured loans to lower middle market companies, it may also opportunistically make investments at other levels of a company’s capital structure, including mezzanine loans or equity interests and may receive warrants to purchase common stock in connection with its debt investments. H.I.G. WhiteHorse Advisers, LLC and H.I.G. WhiteHorse Administration, LLC acts as the investment adviser and administrator of the Company.

WHF Intrinsic Value
15.85 USD
Undervaluation 53%
Intrinsic Value
Price $7.52
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