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IHS Holding LimitedNYSE:IHS Stock Report

Market Cap US$2.3b
Share Price
US$6.65
My Fair Value
US$9.66
31.1% undervalued intrinsic discount
1Y115.9%
7D3.4%
Portfolio Value
​
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IHS Holding Limited

NYSE:IHS Stock Report

Market Cap: US$2.3b

IHS Holding (IHS) Stock Overview

Develops, owns, and operates shared communications infrastructure in Nigeria, Sub-Saharan Africa, the Middle East and North Africa, and Latin America. More details

IHS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health1/6
Dividends0/6

Rewards

Trading at 73% below our estimate of its fair value

Earnings are forecast to grow 30.69% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Negative shareholders equity

Large one-off items impacting financial results


IHS Community Fair Values

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See what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.

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IHS Holding

Wireless Rollout In Africa And Latin America Will Boost Demand

Key Takeaways Strong mobile data demand and digitalization drive revenue and margin growth, supported by focused technology upgrades and strategic lease management in key emerging markets. Enhanced operational efficiency and disciplined capital management boost free cash flow and earnings, creating flexibility for future shareholder returns.
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US$9.66
FV
31.1% undervalued intrinsic discount
4.74%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
11users have followed this narrative
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IHS Holding

Emerging Satellite Systems And ESG Rules Will Impair Leasing Returns

Key Takeaways Rapid technological shifts and industry consolidation threaten core tower leasing demand, exposing IHS to revenue pressure and heightened customer concentration risk. Regulatory, energy transition, and currency volatility challenges could erode profitability and constrain free cash flow.
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US$6.25
FV
6.4% overvalued intrinsic discount
2.84%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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IHS Holding

Mobile And 5G Trends Will Power Emerging Telecom Markets

Key Takeaways Accelerating mobile adoption, urbanization, and digital services in emerging markets position IHS for substantial, sustained revenue and margin expansion beyond current expectations. Advances in AI-driven efficiency, renewable energy usage, and network densification enhance profitability, while strengthening financials enable shareholder returns and potential equity rerating.
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US$15.71
FV
57.7% undervalued intrinsic discount
6.30%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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IHS Holding Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for IHS Holding
Historical stock prices
Current Share PriceUS$6.65
52 Week HighUS$7.66
52 Week LowUS$2.44
Beta0.87
1 Month Change-3.90%
3 Month Change12.90%
1 Year Change115.91%
3 Year Change28.13%
5 Year Changen/a
Change since IPO-60.88%

Recent News & Updates

IHS Towers: Q3 Beat Will Force Wall Street To Catch Up

Sep 30

Recent updates

IHS Towers: Q3 Beat Will Force Wall Street To Catch Up

Sep 30
User avatar

Extended Nigeria Contracts And Tax Cuts Will Improve Cash Flow

Extended contracts with key customers improve financial visibility and long-term revenue growth while supporting increased contracted revenue.

IHS Holding Limited (NYSE:IHS) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

May 13
IHS Holding Limited (NYSE:IHS) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

IHS Holding: Solid Competitive Advantage And Growth Catalysts

Apr 19

Subdued Growth No Barrier To IHS Holding Limited (NYSE:IHS) With Shares Advancing 36%

Mar 22
Subdued Growth No Barrier To IHS Holding Limited (NYSE:IHS) With Shares Advancing 36%

IHS Holding: Value Is Slowly Being Recognized

Feb 12

Investors Aren't Buying IHS Holding Limited's (NYSE:IHS) Revenues

Jan 23
Investors Aren't Buying IHS Holding Limited's (NYSE:IHS) Revenues

Lacklustre Performance Is Driving IHS Holding Limited's (NYSE:IHS) Low P/S

Oct 02
Lacklustre Performance Is Driving IHS Holding Limited's (NYSE:IHS) Low P/S

Little Excitement Around IHS Holding Limited's (NYSE:IHS) Revenues

Jun 17
Little Excitement Around IHS Holding Limited's (NYSE:IHS) Revenues

Benign Growth For IHS Holding Limited (NYSE:IHS) Underpins Stock's 25% Plummet

Mar 12
Benign Growth For IHS Holding Limited (NYSE:IHS) Underpins Stock's 25% Plummet

IHS Holding (NYSE:IHS) Takes On Some Risk With Its Use Of Debt

Mar 01
IHS Holding (NYSE:IHS) Takes On Some Risk With Its Use Of Debt

Getting In Cheap On IHS Holding Limited (NYSE:IHS) Might Be Difficult

Jan 08
Getting In Cheap On IHS Holding Limited (NYSE:IHS) Might Be Difficult

IHS Holding: Good Operating Performance, Improved Liquidity, And Reduced FX Risk

Aug 30

IHS Holdings: New Nigeran FX Policy Is Not As Bad As It Seems

Jul 07

IHS Holding Limited: Buy, Forget, And Compound Capital

May 25

IHS Holding GAAP EPS of -$0.14, revenue of $521.3M

Nov 15

IHS Holding Grows Portfolio As Macro Conditions Slow

Oct 26

Revisiting IHS Holding: Rough On The Surface But The Thesis Remains

Aug 23

IHS Holding GAAP EPS of -$0.53, revenue of $467.7M beats by $5.01M

Aug 16

Is There An Opportunity With IHS Holding Limited's (NYSE:IHS) 31% Undervaluation?

Aug 05
Is There An Opportunity With IHS Holding Limited's (NYSE:IHS) 31% Undervaluation?

IHS Holding Deserves At Least Twice Higher Multiple

Jun 07

Earnings Miss: IHS Holding Limited Missed EPS And Analysts Are Revising Their Forecasts

Mar 18
Earnings Miss: IHS Holding Limited Missed EPS And Analysts Are Revising Their Forecasts

Shareholder Returns

IHSUS TelecomUS Market
7D3.4%1.7%1.7%
1Y115.9%10.0%14.5%

Return vs Industry: IHS exceeded the US Telecom industry which returned 10% over the past year.

Return vs Market: IHS exceeded the US Market which returned 14.5% over the past year.

Price Volatility

Is IHS's price volatile compared to industry and market?
IHS volatility
IHS Average Weekly Movement5.4%
Telecom Industry Average Movement7.3%
Market Average Movement6.5%
10% most volatile stocks in US Market17.4%
10% least volatile stocks in US Market3.0%

Stable Share Price: IHS has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: IHS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20012,864Sam Darwishwww.ihstowers.com

IHS Holding Limited, together with its subsidiaries, develops, owns, and operates shared communications infrastructure in Nigeria, Sub-Saharan Africa, the Middle East and North Africa, and Latin America. It offers colocation and lease agreement, build-to-suit, in-building, small cell, fiber connectivity, and rural telephony solutions to mobile network operators, internet service providers, security functions, and private corporations. IHS Holding Limited was founded in 2001 and is based in London, the United Kingdom.

IHS Holding Limited Fundamentals Summary

How do IHS Holding's earnings and revenue compare to its market cap?
IHS fundamental statistics
Market capUS$2.28b
Earnings (TTM)US$110.88m
Revenue (TTM)US$1.73b
20.1x
P/E Ratio
1.3x
P/S Ratio

Is IHS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IHS income statement (TTM)
RevenueUS$1.73b
Cost of RevenueUS$839.23m
Gross ProfitUS$891.80m
Other ExpensesUS$780.92m
EarningsUS$110.88m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.33
Gross Margin51.52%
Net Profit Margin6.41%
Debt/Equity Ratio-3,292.3%

How did IHS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 18:47
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IHS Holding Limited is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maurice PatrickBarclays
Michael RollinsCitigroup Inc
Michael RollinsCitigroup Inc