Added to YB: 2024-07-23
Pitch date: 2024-07-10
IHS [bullish]
IHS Holding Limited
+150.68%
current return
Author Info
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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
$2.94
Price Target
63.90 (+769%)
Dividend
N/A
EV/EBITDA
5.83
P/E
5.02
EV/Sales
3.24
Sector
Diversified Telecommunication Services
Category
growth
IHS Holdings: The Giant Hiding in Plain Sight
IHS: #1 tower provider in 7 countries, 93%+ market share in 5. 24% rev CAGR, 11.43% ROIC. Naira devaluation hit USD rev, but 97% contracts reset quarterly. MTN (25% owner) renewed 30%+ towers for 10yrs. $693M liquidity, exploring $1B asset sale. 35.5% organic growth pre-FX. PT $63.90 by 2029 at 17x P/FCF, $1.25B FCF. Risks: Naira instability, debt.
Read full article (4 min)