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WhiteHorse FinanceWHF +0.21%49 Intrinsic Value: Projected FCF is $20.91 as of Sep. 09, 2026. GuruFocus rates WHF with a GF Score™ of 49/100 and a GF Value™ of $13.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,217 Asset Management companies, WhiteHorse Finance ranks better than 90.39% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-09), WhiteHorse Finance's Intrinsic Value: Projected FCF is $20.91. The stock price of WhiteHorse Finance is $7.065. Therefore, WhiteHorse Finance's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for WhiteHorse Finance's Intrinsic Value: Projected FCF or its related term are showing as below:
WHF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.32 Med: 1.99 Max: 1361
Current: 0.34
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of WhiteHorse Finance was 1361.00. The lowest was 0.32. And the median was 1.99.
WHF's Price-to-Projected-FCF is ranked better than 90.39% of 1217
companies
in the Asset Management industry
Industry Median: 0.9
vs WHF: 0.34
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
WhiteHorse Finance's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
7.065
/
20.914709349643
=
0.34
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WhiteHorse Finance Intrinsic Value: Projected FCF Related Terms
WhiteHorse Finance Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for WhiteHorse Finance's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WHF vs GLQ, MHF, PIM: Intrinsic Value: Projected FCF Comparison
For the Asset Management subindustry, WhiteHorse Finance's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
WhiteHorse Finance Price-to-Projected-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WhiteHorse Finance's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where WhiteHorse Finance's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of $20.91 mean?
WhiteHorse Finance (WHF) has a Intrinsic Value: Projected FCF of $20.91 as of Sep. 09, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on WhiteHorse Finance and its competitors. According to the industry distribution chart, WhiteHorse Finance ranks #117 out of 1217 companies in the Asset Management industry, placing it in the top 9.6%.
Is WhiteHorse Finance's Intrinsic Value: Projected FCF too high?
WhiteHorse Finance's current Intrinsic Value: Projected FCF is $20.91. The Asset Management industry median Intrinsic Value: Projected FCF is 0.90. WhiteHorse Finance's value of $20.91 is 2223.3% above this industry median. Based on the distribution chart, WhiteHorse Finance ranks #117 out of 1217 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, WhiteHorse Finance has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WhiteHorse Finance's Intrinsic Value: Projected FCF compare to GLQ and MHF?
According to the Asset Management industry distribution chart, WhiteHorse Finance ranks #117 out of 1217 companies for Intrinsic Value: Projected FCF. This places WhiteHorse Finance in the top 10% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.90. WhiteHorse Finance's value of $20.91 is 2223.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.90, based on 1,217 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WhiteHorse Finance's current Intrinsic Value: Projected FCF of $20.91 is 2223.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on WhiteHorse Finance and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WhiteHorse Finance's current Intrinsic Value: Projected FCF is $20.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WhiteHorse Finance stock overvalued right now?
Based on GuruFocus' analysis, WhiteHorse Finance (WHF) is currently considered Possible Value Trap. The stock's GF Value™ is $13.02, compared to a current price of $7.07 — trading 45.7% below its estimated fair value. The current Intrinsic Value: Projected FCF is $20.91 and 2223.3% above the Asset Management industry median of 0.90. WhiteHorse Finance's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For WhiteHorse Finance (WHF), the current Intrinsic Value: Projected FCF is $20.91 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is WhiteHorse Finance (WHF) Overvalued in 2026?
Based on GuruFocus' analysis, WhiteHorse Finance stock appears to be undervalued.
The current stock price of $7.07 is trading 45.7% below its estimated GF Value™ of $13.02.
GuruFocus considers WhiteHorse Finance to be Possible Value Trap.
Key valuation signals for WHF:
Intrinsic Value: Projected FCF: $20.91
GF Value™: $13.02 vs. price of $7.07 (45.7% below fair value)
Industry Position: 2223.3% above the Asset Management median (#117 of 1217)
No single metric tells the full story. See the WHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate risk-adjusted returns 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.
49GF Score
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Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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