WhiteHorse Finance Past Earnings Performance
Past criteria checks 0/6
WhiteHorse Finance's earnings have been declining at an average annual rate of -12.2%, while the Capital Markets industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 11.8% per year. WhiteHorse Finance's return on equity is 3.5%, and it has net margins of 10.6%.
Key information
-12.2%
Earnings growth rate
-15.1%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 11.8% |
| Return on equity | 3.5% |
| Net Margin | 10.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
WhiteHorse Finance: Growing Non-Accruals And Lower Earnings (Rating Downgrade)
Sep 02WhiteHorse Finance: Well-Covered Dividend But Lacks NAV Growth
May 22WhiteHorse Finance: 12% BDC Yield, Mr. Market Says 'Meh'
Apr 19WhiteHorse Finance declares $0.05 special dividend
Oct 14WhiteHorse Finance GAAP EPS of $0.32 misses by $0.02, total investment income of $20M misses by $0.47M
Aug 10WhiteHorse Finance: 9% Yield, Steady Dividends Since 2012, Selling Below NAV
Jan 07WhiteHorse Finance: An Undercovered Strong BDC Performer With A 10.25% Yield
Dec 14WhiteHorse Finance EPS in-line, misses on Total investment income
May 10WhiteHorse Finance NII beats by $0.09, beats on total investment income
Nov 09Revenue & Expenses Breakdown
How WhiteHorse Finance makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 97 | 10 | 28 | 0 |
| 30 Jun 24 | 100 | 23 | 28 | 0 |
| 31 Mar 24 | 103 | 19 | 29 | 0 |
| 31 Dec 23 | 103 | 20 | 30 | 0 |
| 30 Sep 23 | 104 | 16 | 30 | 0 |
| 30 Jun 23 | 99 | 14 | 29 | 0 |
| 31 Mar 23 | 94 | 17 | 28 | 0 |
| 31 Dec 22 | 88 | 16 | 27 | 0 |
| 30 Sep 22 | 80 | 20 | 25 | 0 |
| 30 Jun 22 | 77 | 24 | 26 | 0 |
| 31 Mar 22 | 74 | 28 | 26 | 0 |
| 31 Dec 21 | 72 | 30 | 26 | 0 |
| 30 Sep 21 | 71 | 35 | 26 | 0 |
| 30 Jun 21 | 69 | 49 | 27 | 0 |
| 31 Mar 21 | 65 | 61 | 25 | 0 |
| 31 Dec 20 | 62 | 32 | 24 | 0 |
| 30 Sep 20 | 62 | 32 | 23 | 0 |
| 30 Jun 20 | 64 | 17 | 21 | 0 |
| 31 Mar 20 | 66 | 3 | 21 | 0 |
| 31 Dec 19 | 67 | 31 | 22 | 0 |
| 30 Sep 19 | 66 | 27 | 20 | 0 |
| 30 Jun 19 | 64 | 40 | 23 | 0 |
| 31 Mar 19 | 63 | 50 | 25 | 0 |
| 31 Dec 18 | 63 | 57 | 26 | 0 |
| 30 Sep 18 | 60 | 61 | 26 | 0 |
| 30 Jun 18 | 58 | 50 | 22 | 0 |
| 31 Mar 18 | 58 | 39 | 20 | 0 |
| 31 Dec 17 | 55 | 34 | 19 | 0 |
| 30 Sep 17 | 54 | 35 | 19 | 0 |
| 30 Jun 17 | 55 | 35 | 19 | 0 |
| 31 Mar 17 | 54 | 35 | 19 | 0 |
| 31 Dec 16 | 54 | 31 | 19 | 0 |
| 30 Sep 16 | 52 | 7 | 17 | 0 |
| 30 Jun 16 | 50 | 0 | 17 | 0 |
| 31 Mar 16 | 49 | -2 | 17 | 0 |
| 31 Dec 15 | 47 | -3 | 16 | 0 |
| 30 Sep 15 | 46 | 16 | 18 | 0 |
| 30 Jun 15 | 44 | 19 | 17 | 0 |
| 31 Mar 15 | 41 | 18 | 16 | 0 |
| 31 Dec 14 | 38 | 20 | 15 | 0 |
| 30 Sep 14 | 35 | 22 | 13 | 0 |
| 30 Jun 14 | 37 | 24 | 13 | 0 |
| 31 Mar 14 | 37 | 22 | 13 | 0 |
| 31 Dec 13 | 38 | 19 | 13 | 0 |
Quality Earnings: WHF has a large one-off loss of $29.4M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: WHF's current net profit margins (10.6%) are lower than last year (15.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WHF's earnings have declined by 12.2% per year over the past 5 years.
Accelerating Growth: WHF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WHF had negative earnings growth (-34.2%) over the past year, making it difficult to compare to the Capital Markets industry average (13.4%).
Return on Equity
High ROE: WHF's Return on Equity (3.5%) is considered low.