IHS

IHS Holding Ltd

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Advanced Chart

6.370

-0.1(-1.546%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

6.495

Open

6.450

VWAP

6.39

Vol

602.18K

Mkt Cap

2.14B

Low

6.280

Amount

3.85M

EV/EBITDA(TTM)

5.39

Total Shares

333.07M

5.67B

EV/OCF(TTM)

10.73

P/S(TTM)

1.24

IHS Holding Limited is an independent owner, operator and developer of shared communications infrastructure by tower count and is an independent multinational tower company solely focused on the emerging markets. The Company provides a range of communications infrastructure solutions and managed services, including colocation and lease amendments, new sites, inbuilding solutions, small cell, fiber connectivity and rural telephony. The Company’s customers include mobile network operators (MNOs), Internet service providers, broadcasters, security functions and private corporations needing point-to-point secure communications. Its lease amendment services involve installing additional equipment or providing ancillary services for existing customers at existing towers. The Company has approximately 39,000 towers across its nine markets, including Brazil, Cameroon, Colombia, Cote d’Ivoire, Egypt, Nigeria, Rwanda, South Africa and Zambia.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

417.93M

-4.01%

422.02M

+0.41%

434.61M

-0.73%

Estimates Revision

The market is revising Upward the revenue expectations for IHS Holding Limited (IHS) for FY2025, with the revenue forecasts being adjusted by 0.6% over the past three months. During the same period, the stock price has changed by 30.00%.

Revenue Estimates for FY2025

Revise Upward

+0.6%

In Past 3 Month

Stock Price

Go Up

+30.00%

In Past 3 Month

5 Analyst Rating

38.15% Upside

Wall Street analysts forecast IHS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IHS is 8.80 USD with a low forecast of 5.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

1 Hold

0 Sell

Strong Buy

38.15% Upside

Current: 6.370

Low

5.00

Averages

8.80

High

17.00

38.15% Upside

Current: 6.370

Low

5.00

Averages

8.80

High

17.00

Citi

Buy

maintain

$6 -> $7

2025-05-29

Reason

Citi

Price Target

$6 -> $7

2025-05-29

maintain

Buy

Reason

Citi raised the firm's price target on IHS Holding to $7 from $6 and keeps a Buy rating on the shares. The firm updated the company's model following the Q1 results and management commentary from the earnings call. IHS's underlying normalized organic growth "was fine" in Q1, while financials generally outperformed on the timing of interest expense and slower decommissioning of previously disclosed churn in Nigeria, the analyst tells investors in a research note. Citi sees prospects for some multiple expansion.

TD Cowen

Gregory Williams

Buy

maintain

$16 -> $17

2025-05-21

Reason

TD Cowen

Gregory Williams

Price Target

$16 -> $17

2025-05-21

maintain

Buy

Reason

TD Cowen analyst Gregory Williams raised the firm's price target on IHS Holding to $17 from $16 and keeps a Buy rating on the shares. The firm noted IHS reported upside 1Q25 results versus the Street and maintained its 2025 guidance across the board. Management noted the Nigerian macro is stabilizing and investor confidence is returning.

Barclays

Maurice Patrick

Buy

Maintains

$6 → $7

2025-03-27

Reason

Barclays

Maurice Patrick

Price Target

$6 → $7

2025-03-27

Maintains

Buy

Reason

Barclays raised the firm's price target on IHS Holding to $7 from $6 and keeps an Overweight rating on the shares. The firm believes revenue growth in most of Africa is set to remain strong in 2025.

Goldman Sachs

Brett Feldman

Hold

Maintains

$3.5 → $4

2025-03-19

Reason

Goldman Sachs

Brett Feldman

Price Target

$3.5 → $4

2025-03-19

Maintains

Hold

Reason

TD Cowen

Colby Synesael

Strong Buy

Maintains

$14 → $15

2024-11-13

Reason

TD Cowen

Colby Synesael

Price Target

$14 → $15

2024-11-13

Maintains

Strong Buy

Reason

Reports Q3 revenue $420.28M, consensus $410.03M. Sam Darwish, IHS Towers chairman and CEO, stated, "We're reporting another solid performance across our key metrics in the third quarter, driven by healthy secular demand and the quality of our contract structures. This led to a robust Revenue performance despite significant FX headwinds, and the initial impact of the new financial terms in the renewed and extended contracts with MTN Nigeria signed during the quarter. Our strong third quarter Adjusted EBITDA, reaching an Adjusted EBITDA margin of 58.5%, highlights the resilience of our financial model and our continued financial discipline. We are also pleased with our ALFCF generation during the third quarter, driven by ongoing capex optimization, demonstrating our focus on increased cash generation. Based on our year to date capital allocation decisions, and our expectation of making further capex savings, we are revising our full year 2024 capex guidance range down to $270 million - $300 million. Given our performance year to date we also remain confident on achieving our current 2024 Revenue, Adjusted EBITDA and ALFCF guidance, and are trending towards the upper end of our existing ranges. Our guidance reflects updated currency assumptions, which resulted in a positive impact on our Nigeria revenues, partially offset by a negative impact on our Brazil, Zambia, Cote d'Ivoire and Cameroon revenues."

TD Cowen

Colby Synesael

Strong Buy

Maintains

$13 → $14

2024-09-03

Reason

TD Cowen

Colby Synesael

Price Target

$13 → $14

2024-09-03

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for IHS Holding Ltd (IHS.N) is 15.24, compared to its 5-year average forward P/E of 49.48. For a more detailed relative valuation and DCF analysis to assess IHS Holding Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

49.48

Current PE

15.24

Overvalued PE

199.38

Undervalued PE

-100.42

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

5.55

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

6.08

Undervalued EV/EBITDA

5.02

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

1.19

Current PS

0.00

Overvalued PS

1.79

Undervalued PS

0.58