IHS Holding Ltd
Research IHS Holding Ltd (IHS) on Bullrun: valuation model: 2.9% overvalued, market cap USD 2.81B, P/E 15.2. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerIHS
- ExchangeNYSE
- CountryUnited Kingdom
- SectorReal Estate
- IndustryReal Estate Services
- CurrencyUSD
- Valuation signal2.9% overvalued
- Market capUSD 2.81B
- P/E15.2
- Financial periodQ1 2026
- RevenueUSD 415.40M
- Net incomeUSD 186.30M
- Free cash flowUSD 722.60M
- Gross margin214.3%
Valuation Snapshot
Bullrun's latest valuation model marks IHS Holding Ltd as 2.9% overvalued; latest market cap is USD 2.81B; P/E is 15.2.
Peer valuation comparison
Latest P/E is 15.16x versus a Real Estate sector median of 14.84x (2.2% above).
Latest P/E is 15.16x versus a United Kingdom median of 16.18x (6.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.58B | USD 143.60M | USD 682.30M | 55.4% | 0.41 | USD 825.70M | USD 3.51B | -USD 251.30M |
| FY2024 | USD 1.71B | -USD 1.63B | USD 460.38M | 48.0% | -4.91 | USD 578.00M | USD 3.90B | -USD 473.20M |
| FY2023 | n/a | n/a | n/a | n/a | -10.49 | USD 293.82M | USD 4.11B | USD 109.85M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 2.81B | 15.2 | n/a | n/a |
| 2025 | 2025-12-31 | USD 2.50B | 17.3 | n/a | n/a |
| 2024 | 2024-12-31 | USD 973.65M | n/a | n/a | n/a |
| 2023 | 2023-12-29 | USD 1.53B | n/a | n/a | n/a |
| 2022 | 2022-12-30 | USD 2.04B | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 4.62B | n/a | n/a | n/a |
About IHS Holding Ltd
IHS Holding Limited, together with its subsidiaries, develops, owns, and operates shared communications infrastructure in Nigeria, Cameroon, Côte d'Ivoire, South Africa, and Zambia. The company offers colocation and lease amendment services, which allows customers to lease space on existing towers alongside current tenants, install additional equipment on a tower, and request for ancillary services; build-to-suit sites;
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Frequently asked questions
Is IHS Holding Ltd overvalued or undervalued?
Bullrun's valuation model currently marks IHS Holding Ltd as 2.9% overvalued.
What is IHS Holding Ltd's market cap?
IHS Holding Ltd's market capitalization is USD 2.81B.
What is IHS Holding Ltd's P/E ratio?
IHS Holding Ltd's price-to-earnings (P/E) ratio is 15.2.
What does IHS Holding Ltd do?
IHS Holding Limited, together with its subsidiaries, develops, owns, and operates shared communications infrastructure in Nigeria, Cameroon, Côte d'Ivoire, South Africa, and Zambia.