WhiteHorse Finance, Inc (WHF) Fair Value & Analysis
Financial Services · US · Market cap $140M
WhiteHorse Finance, Inc
WHF · US
Fair value as of: Jun 26, 2026
From 25 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from $13.06 to $11.35 (−13.1%) since Jun 25, 2026. Share price +0.1% over the past month.
Price vs Fair Value (12 months)
12‑month range $5.61 – $7.63 · fair‑value band $8.51 – $14.19 · the $6.51 price screens below the $11.35 fair value. As of Jun 26, 2026.
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WhiteHorse Finance, Inc (WHF) currently trades at $6.51, while our model-based Fair Value estimate is $11.35 — implying the stock looks roughly 74.3% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, WhiteHorse Finance, Inc generated revenue of $69.7M at a net margin of 13.5%. Revenue declined 15.6% year over year. It earns a return on equity of 3.5%. Net debt stands at $295M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
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.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
WhiteHorse Finance, Inc reported revenue of $37.9M in FY2025 versus $35.4M in FY2021, a compound +1.7%/yr. Reported net income was $14.3M in FY2025, compounding −16.9%/yr from FY2021.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.