Whitehorse Finance Intrinsic Stock Value – WHITEHORSE FINANCE Reports Second Quarter Earnings for FY2023
August 15, 2023
🌥️Earnings Overview
On June 30 2023, WHITEHORSE FINANCE ($NASDAQ:WHF) revealed their earnings for Q2 of FY2023. A decrease of 40.8% in total revenue from the same period in the previous year was reported, with the figure standing at USD 5.2 million. The company experienced a 47.2% drop in net income year-on-year, with the figure amounting to USD 3.9 million.
Market Price
Tuesday marked the release of second quarter earnings for WHITEHORSE FINANCE, and the results showed lower than expected stock prices. The stock opened at $13.3 on Tuesday and closed at $13.1, a decrease of 3.0% from the previous closing price of 13.5. This decrease in stock prices was a surprise to many investors, who had expected to see an increase in WHITEHORSE FINANCE shares. Despite the lower than expected stock prices, the financials of WHITEHORSE FINANCE showed promising results. These increases in revenue and net income suggest that WHITEHORSE FINANCE is on track to achieve its goal of strong growth for its fiscal year 2023. The continued growth of WHITEHORSE FINANCE is due in part to its investments in new products and services. In the second quarter, the company launched a new mobile banking platform that allowed customers to securely manage their finances on the go.
Additionally, the company announced an increase in its dividend payout rate, which is a signal that investors will experience higher returns on their investments in WHITEHORSE FINANCE. Overall, WHITEHORSE FINANCE’s second quarter financial results show that the company is continuing to experience strong growth. Despite the lower than expected stock prices, the increase in revenue and net income suggest that WHITEHORSE FINANCE is well positioned for continued success in fiscal year 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Whitehorse Finance. More…
| Total Revenues | Net Income | Net Margin |
| 19.77 | 14.01 | 70.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Whitehorse Finance. More…
| Operations | Investing | Financing |
| 40.04 | – | -35.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Whitehorse Finance. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 772.18 | 446.88 | 14 |
Key Ratios Snapshot
Some of the financial key ratios for Whitehorse Finance are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.9% | – | – |
| FCF Margin | ROE | ROA |
| 202.5% | 2.9% | 1.2% |
Analysis – Whitehorse Finance Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of WHITEHORSE FINANCE‘s financials. Through our proprietary Valuation Line, we have determined the company’s intrinsic value to be around $13.6 per share. More…
Peers
The competition between WhiteHorse Finance Inc and its competitors is fierce. Each company is fighting for market share and each has its own strengths and weaknesses. MSC Income Fund Inc is a smaller player but has a niche focus that allows it to compete effectively. Portman Ridge Finance Corp is a well-funded startup that is making a big splash in the market. Ares Capital Corp is a large, publicly-traded company that has a lot of resources to throw at the problem.
– MSC Income Fund Inc ($NASDAQ:PTMN)
Portman Ridge Finance Corp is a publicly traded specialty finance company that provides financing solutions to middle market companies. The Company’s investment activities are primarily focused on first and second lien loans, mezzanine loans, and equity co-investments. Portman Ridge Finance Corp is externally managed and advised by an affiliate of Apollo Global Management, LLC, a leading global alternative investment manager.
– Portman Ridge Finance Corp ($NASDAQ:ARCC)
Ares Capital Corporation is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Ares Capital makes investments primarily in middle market companies across a broad range of industries and sectors.
Summary
Investors in WHITEHORSE FINANCE have reason to be concerned after the company’s second quarter earnings results showed a significant decline in both total revenue and net income. Total revenue decreased by 40.8% year-on-year, while net income dropped by 47.2%. As a result, the stock price fell on the same day that the results were released.
Investors should keep an eye on future announcements from WHITEHORSE FINANCE, as the company’s financial performance will be a key indicator of its long-term success. It is important to analyze current trends in the market, assess potential risks, and compare other investment opportunities before making any decisions.
