IHS HOLDING LTD (IHS) Fundamental Analysis & Valuation

NYSE:IHS • KYG4701H1092

8.2 USD
+0.04 (+0.49%)
At close: Mar 13, 2026
8.2 USD
0 (0%)
After Hours: 3/13/2026, 8:04:00 PM

This IHS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, IHS scores 5 out of 10 in our fundamental rating. IHS was compared to 37 industry peers in the Diversified Telecommunication Services industry. IHS scores excellent on profitability, but there are some minor concerns on its financial health. IHS is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

7

1. IHS Profitability Analysis

1.1 Basic Checks

  • In the past year IHS was profitable.
  • IHS had a positive operating cash flow in the past year.
  • In the past 5 years IHS always reported negative net income.
  • IHS had a positive operating cash flow in each of the past 5 years.
IHS Yearly Net Income VS EBIT VS OCF VS FCFIHS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B -1.5B

1.2 Ratios

  • IHS's Return On Assets of 9.95% is amongst the best of the industry. IHS outperforms 91.89% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 14.04%, IHS belongs to the top of the industry, outperforming 97.30% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for IHS is above the industry average of 5.74%.
  • The 3 year average ROIC (9.60%) for IHS is below the current ROIC(14.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.95%
ROE N/A
ROIC 14.04%
ROA(3y)-27.43%
ROA(5y)-18%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)9.6%
ROIC(5y)8.76%
IHS Yearly ROA, ROE, ROICIHS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K -1.5K

1.3 Margins

  • With an excellent Profit Margin value of 26.39%, IHS belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
  • IHS has a Operating Margin of 40.43%. This is amongst the best in the industry. IHS outperforms 100.00% of its industry peers.
  • IHS's Operating Margin has improved in the last couple of years.
  • The Gross Margin of IHS (49.93%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of IHS has grown nicely.
Industry RankSector Rank
OM 40.43%
PM (TTM) 26.39%
GM 49.93%
OM growth 3Y3.33%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.27%
GM growth 5Y6.43%
IHS Yearly Profit, Operating, Gross MarginsIHS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 -50

4

2. IHS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IHS is creating some value.
  • Compared to 1 year ago, IHS has more shares outstanding
  • The number of shares outstanding for IHS has been increased compared to 5 years ago.
  • IHS has a worse debt/assets ratio than last year.
IHS Yearly Shares OutstandingIHS Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 100M 200M 300M
IHS Yearly Total Debt VS Total AssetsIHS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of -0.34, we must say that IHS is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of IHS (-0.34) is worse than 91.89% of its industry peers.
  • IHS has a debt to FCF ratio of 4.98. This is a neutral value as IHS would need 4.98 years to pay back of all of its debts.
  • The Debt to FCF ratio of IHS (4.98) is better than 86.49% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.98
Altman-Z -0.34
ROIC/WACC1.64
WACC8.56%
IHS Yearly LT Debt VS Equity VS FCFIHS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.60 indicates that IHS should not have too much problems paying its short term obligations.
  • IHS has a Current ratio of 1.60. This is in the better half of the industry: IHS outperforms 70.27% of its industry peers.
  • IHS has a Quick Ratio of 1.54. This is a normal value and indicates that IHS is financially healthy and should not expect problems in meeting its short term obligations.
  • IHS has a better Quick ratio (1.54) than 70.27% of its industry peers.
Industry RankSector Rank
Current Ratio 1.6
Quick Ratio 1.54
IHS Yearly Current Assets VS Current LiabilitesIHS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 500M 1B

4

3. IHS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 119.57% over the past year.
  • IHS shows a decrease in Revenue. In the last year, the revenue decreased by -0.97%.
  • The Revenue has been growing slightly by 6.81% on average over the past years.
EPS 1Y (TTM)119.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%172.13%
Revenue 1Y (TTM)-0.97%
Revenue growth 3Y2.7%
Revenue growth 5Y6.81%
Sales Q2Q%8.28%

3.2 Future

  • IHS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.21% yearly.
  • Based on estimates for the next years, IHS will show a small growth in Revenue. The Revenue will grow by 5.09% on average per year.
EPS Next Y114.95%
EPS Next 2Y47.22%
EPS Next 3Y29.32%
EPS Next 5Y22.21%
Revenue Next Year3.86%
Revenue Next 2Y3.22%
Revenue Next 3Y4.43%
Revenue Next 5Y5.09%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
IHS Yearly Revenue VS EstimatesIHS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 500M 1B 1.5B 2B 2.5B
IHS Yearly EPS VS EstimatesIHS Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 0 -2 -4

9

4. IHS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 5.99, which indicates a rather cheap valuation of IHS.
  • Based on the Price/Earnings ratio, IHS is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • IHS is valuated cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 9.98, which indicates a very decent valuation of IHS.
  • Based on the Price/Forward Earnings ratio, IHS is valued cheaper than 86.49% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of IHS to the average of the S&P500 Index (23.84), we can say IHS is valued rather cheaply.
Industry RankSector Rank
PE 5.99
Fwd PE 9.98
IHS Price Earnings VS Forward Price EarningsIHS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IHS indicates a rather cheap valuation: IHS is cheaper than 83.78% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, IHS is valued cheaper than 97.30% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.52
EV/EBITDA 5.47
IHS Per share dataIHS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • IHS has a very decent profitability rating, which may justify a higher PE ratio.
  • IHS's earnings are expected to grow with 29.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y47.22%
EPS Next 3Y29.32%

0

5. IHS Dividend Analysis

5.1 Amount

  • IHS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

IHS Fundamentals: All Metrics, Ratios and Statistics

IHS HOLDING LTD

NYSE:IHS (3/13/2026, 8:04:00 PM)

After market: 8.2 0 (0%)

8.2

+0.04 (+0.49%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-12
Earnings (Next)03-17
Inst Owners28.25%
Inst Owner Change34155800%
Ins Owners6.35%
Ins Owner Change0%
Market Cap2.75B
Revenue(TTM)1.77B
Net Income(TTM)466.01M
Analysts77.5
Price Target9.31 (13.54%)
Short Float %0.28%
Short Ratio0.26
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)200.9%
Min EPS beat(2)104.57%
Max EPS beat(2)297.23%
EPS beat(4)4
Avg EPS beat(4)538.77%
Min EPS beat(4)31.31%
Max EPS beat(4)1721.96%
EPS beat(8)4
Avg EPS beat(8)-4194.8%
EPS beat(12)4
Avg EPS beat(12)-3381.82%
EPS beat(16)5
Avg EPS beat(16)-2730.63%
Revenue beat(2)2
Avg Revenue beat(2)4.43%
Min Revenue beat(2)2.68%
Max Revenue beat(2)6.17%
Revenue beat(4)4
Avg Revenue beat(4)4.09%
Min Revenue beat(4)2.24%
Max Revenue beat(4)6.17%
Revenue beat(8)8
Avg Revenue beat(8)3.73%
Revenue beat(12)12
Avg Revenue beat(12)3.77%
Revenue beat(16)16
Avg Revenue beat(16)3.59%
PT rev (1m)-4.66%
PT rev (3m)-4.66%
EPS NQ rev (1m)13.96%
EPS NQ rev (3m)9.97%
EPS NY rev (1m)2.18%
EPS NY rev (3m)1.77%
Revenue NQ rev (1m)1.22%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)0.4%
Valuation
Industry RankSector Rank
PE 5.99
Fwd PE 9.98
P/S 1.56
P/FCF 3.52
P/OCF 2.66
P/B N/A
P/tB N/A
EV/EBITDA 5.47
EPS(TTM)1.37
EY16.71%
EPS(NY)0.82
Fwd EY10.02%
FCF(TTM)2.33
FCFY28.43%
OCF(TTM)3.08
OCFY37.57%
SpS5.26
BVpS-0.4
TBVpS-3.83
PEG (NY)0.05
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 9.95%
ROE N/A
ROCE 17.77%
ROIC 14.04%
ROICexc 16.74%
ROICexgc 25.41%
OM 40.43%
PM (TTM) 26.39%
GM 49.93%
FCFM 44.29%
ROA(3y)-27.43%
ROA(5y)-18%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)9.6%
ROIC(5y)8.76%
ROICexc(3y)10.85%
ROICexc(5y)10.15%
ROICexgc(3y)17.62%
ROICexgc(5y)16.87%
ROCE(3y)12.16%
ROCE(5y)11.08%
ROICexgc growth 3Y10.15%
ROICexgc growth 5YN/A
ROICexc growth 3Y14.01%
ROICexc growth 5YN/A
OM growth 3Y3.33%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.27%
GM growth 5Y6.43%
F-Score7
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.98
Debt/EBITDA 3.35
Cap/Depr 66.17%
Cap/Sales 14.24%
Interest Coverage 2.06
Cash Conversion 94.48%
Profit Quality 167.83%
Current Ratio 1.6
Quick Ratio 1.54
Altman-Z -0.34
F-Score7
WACC8.56%
ROIC/WACC1.64
Cap/Depr(3y)110.28%
Cap/Depr(5y)98.41%
Cap/Sales(3y)24.14%
Cap/Sales(5y)22.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)119.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%172.13%
EPS Next Y114.95%
EPS Next 2Y47.22%
EPS Next 3Y29.32%
EPS Next 5Y22.21%
Revenue 1Y (TTM)-0.97%
Revenue growth 3Y2.7%
Revenue growth 5Y6.81%
Sales Q2Q%8.28%
Revenue Next Year3.86%
Revenue Next 2Y3.22%
Revenue Next 3Y4.43%
Revenue Next 5Y5.09%
EBIT growth 1Y41.68%
EBIT growth 3Y6.12%
EBIT growth 5YN/A
EBIT Next Year157.89%
EBIT Next 3Y43.44%
EBIT Next 5Y26.49%
FCF growth 1Y116.05%
FCF growth 3Y9.8%
FCF growth 5Y3.71%
OCF growth 1Y4.92%
OCF growth 3Y-0.94%
OCF growth 5Y2.59%

IHS HOLDING LTD / IHS FAQ

What is the ChartMill fundamental rating of IHS HOLDING LTD (IHS) stock?

ChartMill assigns a fundamental rating of 5 / 10 to IHS.


What is the valuation status of IHS HOLDING LTD (IHS) stock?

ChartMill assigns a valuation rating of 9 / 10 to IHS HOLDING LTD (IHS). This can be considered as Undervalued.


How profitable is IHS HOLDING LTD (IHS) stock?

IHS HOLDING LTD (IHS) has a profitability rating of 7 / 10.


What is the valuation of IHS HOLDING LTD based on its PE and PB ratios?

The Price/Earnings (PE) ratio for IHS HOLDING LTD (IHS) is 5.99 and the Price/Book (PB) ratio is -20.26.