Added to YB: 2025-07-10
Pitch date: 2025-05-23
IHS [bullish]
IHS Holding Limited
+32.18%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$2.3B
Pitch Price
$5.50
Price Target
21.50 (+196%)
Dividend
N/A
EV/EBITDA
5.83
P/E
5.02
EV/Sales
3.24
Sector
Diversified Telecommunication Services
Category
value
IHS Holding Limited - $IHS
IHS: Cell tower co in Africa/Brazil trading at 5x EBITDA/20% LFCF yield while selling assets at 8-14x EBITDA. Nigeria headwinds now tailwinds: currency stabilized, MTN renewed to 2032, governance issues resolved. Strategic review yielded $500M asset sales, deleveraging to 3.1x. Buybacks & dividend coming H2 2025. Risk: Nigeria exposure.
Read full article (6 min)