IHS Holding Ltd
Research IHS Holding Ltd (IHS) on Bullrun: valuation model: 3.3% overvalued, market cap USD 2.84B, P/E 15.3. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerIHS
- ExchangeNYSE
- CountryUnited Kingdom
- SectorReal Estate
- IndustryReal Estate Services
- CurrencyUSD
- Valuation signal3.3% overvalued
- Market capUSD 2.84B
- P/E15.3
- Financial periodQ2 2026
- RevenueUSD 428.60M
- Net income-USD 8.80M
- Free cash flowUSD 112.20M
- Gross margin48.3%
Valuation Snapshot
Bullrun's latest valuation model marks IHS Holding Ltd as 3.3% overvalued; latest market cap is USD 2.84B; P/E is 15.3.
Peer valuation comparison
Latest P/E is 15.32x versus a Real Estate sector median of 14.08x (8.8% above).
Latest P/E is 15.32x versus a United Kingdom median of 15.22x.
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 684.10M | 55.4% | 0.42 | USD 825.70M | USD 3.51B | -USD 251.30M |
| FY2024 | USD 1.53B | -USD 1.63B | USD 460.30M | 52.0% | -4.9 | USD 578.00M | USD 3.90B | -USD 473.20M |
| FY2023 | USD 1.93B | -USD 1.98B | USD 254.70M | 46.2% | -5.93 | USD 293.82M | USD 4.11B | USD 109.85M |
| FY2022 | USD 1.96B | -USD 459.01M | USD 347.93M | 41.0% | -1.39 | USD 514.08M | USD 3.95B | USD 1.13B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 2.84B | 15.3 | 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;
ETFs that hold IHS Holding Ltd
IHS Holding Ltd is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| Circa5000 Social & Economic Empowerment UCITS ETF Class USD Accumulating Shares | 2.91% | 0.49% |
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Frequently asked questions
Is IHS Holding Ltd overvalued or undervalued?
Bullrun's valuation model currently marks IHS Holding Ltd as 3.3% overvalued.
What is IHS Holding Ltd's market cap?
IHS Holding Ltd's market capitalization is USD 2.84B.
What is IHS Holding Ltd's P/E ratio?
IHS Holding Ltd's price-to-earnings (P/E) ratio is 15.3.
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.