IHS Holding Limited

NYSE:IHS Stock Report

Market Cap: US$932.6m

IHS Holding Valuation

Is IHS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IHS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IHS ($2.79) is trading below our estimate of fair value ($12.46)

Significantly Below Fair Value: IHS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IHS?

Key metric: As IHS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IHS. This is calculated by dividing IHS's market cap by their current revenue.
What is IHS's PS Ratio?
PS Ratio0.5x
SalesUS$1.78b
Market CapUS$932.61m

Price to Sales Ratio vs Peers

How does IHS's PS Ratio compare to its peers?

The above table shows the PS ratio for IHS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.2x
SHEN Shenandoah Telecommunications
2.1x13.6%US$698.4m
IDT IDT
1xn/aUS$1.3b
CNSL Consolidated Communications Holdings
0.5x1.5%US$548.5m
GLTK GlobalTech
17.1xn/aUS$279.9m
IHS IHS Holding
0.5x3.5%US$932.6m

Price-To-Sales vs Peers: IHS is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (5.2x).

Price to Sales Ratio vs Industry

How does IHS's PS Ratio compare vs other companies in the US Telecom Industry?

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
LILA Liberty Latin America
0.3x3.4%US$1.37b
ATNI ATN International
0.4x-0.1%US$285.33m
SIFY Sify Technologies
0.2x27.0%US$87.69m
IQST iQSTEL
0.1xn/aUS$28.88m
IHS 0.5xIndustry Avg. 1.3xNo. of Companies13PS01.63.24.86.48+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IHS is good value based on its Price-To-Sales Ratio (0.5x) compared to the US Telecom industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is IHS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IHS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: IHS is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IHS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.79
US$7.25
+159.9%
44.7%US$15.00US$3.50n/a8
Nov ’25US$2.82
US$7.13
+152.7%
41.3%US$14.00US$3.50n/a8
Oct ’25US$3.02
US$7.13
+135.9%
41.3%US$14.00US$3.50n/a8
Sep ’25US$3.29
US$7.25
+120.4%
36.5%US$13.00US$3.50n/a8
Aug ’25US$2.80
US$7.83
+179.8%
36.6%US$13.00US$3.50n/a6
Jul ’25US$3.06
US$8.29
+170.8%
34.7%US$13.00US$3.50n/a7
Jun ’25US$3.65
US$9.08
+148.9%
25.1%US$13.00US$6.00n/a6
May ’25US$3.62
US$8.60
+137.6%
38.9%US$15.00US$3.70n/a7
Apr ’25US$3.45
US$8.89
+157.6%
37.9%US$15.00US$3.70n/a7
Mar ’25US$2.79
US$11.24
+303.0%
40.3%US$19.00US$3.70n/a7
Feb ’25US$3.19
US$11.71
+267.2%
32.8%US$19.00US$7.00n/a7
Jan ’25US$4.60
US$11.86
+157.8%
31.0%US$19.00US$8.00n/a7
Dec ’24US$4.77
US$11.25
+135.8%
33.8%US$19.00US$7.00n/a8
Nov ’24US$5.05
US$13.39
+165.1%
38.9%US$23.00US$8.00US$2.829
Oct ’24US$5.55
US$14.94
+169.3%
33.6%US$23.00US$9.50US$3.029
Sep ’24US$7.60
US$15.83
+108.3%
32.5%US$26.00US$11.00US$3.299
Aug ’24US$8.40
US$16.17
+92.5%
35.9%US$29.00US$11.00US$2.809
Jul ’24US$9.78
US$16.56
+69.3%
34.1%US$29.00US$11.00US$3.069
Jun ’24US$8.28
US$16.56
+99.9%
34.1%US$29.00US$11.00US$3.659
May ’24US$9.59
US$16.67
+73.8%
35.3%US$30.00US$11.00US$3.629
Apr ’24US$8.76
US$15.75
+79.8%
38.7%US$30.00US$10.00US$3.458
Mar ’24US$7.70
US$16.22
+110.7%
36.4%US$29.00US$10.00US$2.799
Feb ’24US$7.88
US$16.22
+105.9%
36.4%US$29.00US$10.00US$3.199
Jan ’24US$6.15
US$16.11
+162.0%
37.1%US$29.00US$10.00US$4.609
Dec ’23US$7.00
US$16.11
+130.2%
37.1%US$29.00US$10.00US$4.779
Nov ’23US$6.11
US$17.50
+186.4%
28.1%US$27.00US$11.00US$5.058

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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