# IHS Holding Limited (IHS) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Communication Services / Fixed & Integrated Telecom. Price $8.44, market value $2.9 billion.

## Valuation
- **P/E (trailing): 5.4×** (5-yr avg 17.8×, 3-yr avg 17.8×). IHS Holding Limited trades at 5.4× trailing earnings, well below its own five-year average of 17.8×: cheap by its own standards. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 15.3×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.14**. A PEG of 0.14 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **EV / EBITDA: 4.4×**. Enterprise value is 4.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 22.5%** (5-yr avg 28.6%). Free cash flow equals 22.5% of the market value, below its five-year average of 28.6%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 18.6%**. The inverse of the P/E: 18.6% of the price is earned each year.

## Profitability
- **Gross margin: 55.8%**. IHS Holding Limited keeps 55.8% of revenue after the direct cost of what it sells.
- **Operating margin: 32.0%**. 32.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 8.0%**. 8.0% of each dollar of sales reaches the bottom line.
- **Return on equity: -141.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 22.0%**. Return on all capital, debt included, is 22.0%: comfortably above what that capital costs.
- **Return on assets: 3.2%**. Each dollar of assets produces 3.2% of profit.

## Growth
- **Revenue growth (1 yr): 3.6%** (3-yr -6.9%/yr, 5-yr 2.4%/yr). Revenue grew 3.6% over the last year, against 2.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 108.6%**. Earnings per share rose 108.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 10.8%/yr**. Free cash flow has compounded at 10.8% a year over three years.

## Financial health
- **Net debt / EBITDA: 1.8×**. It would take 1.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 1.7×**. Operating profit covers interest 1.7×, thin but manageable.
- **Current ratio: 2.08** (quick 2.08). Current assets cover the next year's liabilities 2.08 times.
- **Altman Z-score: 1.65**. A Z-score of 1.65 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. IHS Holding Limited does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 23.8%** (YTD 13.7%, 3-mo 2.7%). The shares are up 23.8% over twelve months including dividends.
- **From 52-week high: -5.7%** (47.8% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.54** (volatility 25%). Beta of 0.54 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IHS · Page: https://foliofundamentals.com/stocks/ihs

Not investment advice.