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TelegramWhiteHorse Finance, Inc. Financial Ratios 2020-2011 | WHF
Brief overview of WhiteHorse Finance, Inc.'s financial ratios
Current figures are compared with the company's own five-year history for 2014–2019.
Key multiples at the end of the period are P/E 9.29x (median 7.37x), P/B 0.89x (median 0.91x), P/CF 9.22x (median 8.18x). On average, multiples differ from their five-year medians by only +12.7%. Valuation is near its familiar historical range.
The inverse P/E implies an earnings yield of 10.8%. This is not a dividend yield, but current earnings relative to market price.
The latest available business-quality ratios are ROE 9.9%, ROA 4.9%, ROCE 5.1%. Efficiency ratios are restrained, with capital and assets producing modest returns.
High leverage is part of the financial-sector model, so valuation should be linked to capital, asset quality and ROE.
Overall assessment
WhiteHorse Finance, Inc.'s market valuation is near its own historical norm, while quality ratios provide no extreme signal.
Annual Financial Ratios WhiteHorse Finance, Inc.
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E |
- | 9.3 | 5.0 | 7.4 | 7.3 | -51.2 | 8.6 | 11.6 | 5.7 | - |
P/S |
20.9 | 4.3 | 4.5 | 4.6 | 4.3 | 3.1 | 4.5 | 5.9 | 5.5 | - |
EV/EBITDA |
- | 19.1 | 4.9 | 9.5 | 11.2 | -11.7 | 15.7 | 12.7 | 4.8 | - |
PEG |
- | -0.2 | 0.09 | 2.07 | 0.01 | 0.45 | 3.3 | -0.22 | 2.75 | - |
P/B |
0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.6 | 0.7 | 1.0 | 1.0 | - |
P/CF |
-4.3 | -3.0 | 9.2 | 35.4 | 6.7 | -16.1 | -1.2 | -16.5 | 7.1 | - |
ROE % |
- | 9.85 | 18.17 | 12.00 | 12.56 | -1.16 | 8.67 | 8.38 | 17.27 | - |
ROA % |
- | 4.89 | 11.15 | 7.09 | 7.02 | -0.64 | 4.58 | 5.09 | 10.60 | - |
ROCE % |
- | 5.10 | 5.09 | 5.55 | 6.22 | 4.81 | 4.09 | 5.73 | 11.70 | - |
DSO |
- | 34.7 | 59.0 | 38.2 | 32.3 | 26.4 | 26.3 | 15.5 | 13.2 | - |
DPO |
- | - | 4.8 | - | 15.2 | 45.8 | - | 698.3 | 2406.7 | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company WhiteHorse Finance, Inc., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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