IHS Holding Limited (IHS) 10-Year Financial Performance & Capital Metrics

IHS • • Utilities

Communication ServicesTelecom ServicesSpecialized Communications InfrastructureTower Infrastructure

AboutIHS Holding Limited, together with its subsidiaries, owns, operates, and develops shared telecommunications infrastructure in Africa, Latin America, Europe, and the Middle East. It offers colocation and lease agreement, build-to-suit, fiber connectivity, and rural telephony solutions. The company serves mobile network operators, internet service providers, broadcasters, security functions, and private corporations. IHS Holding Limited was founded in 2001 and is based in London, the United Kingdom.Show more

Revenue $1.71B -19.5%
EBITDA $842M -12.9%
Net Income -$1.63B +17.4%
Free Cash Flow $460M +80.7%
EBITDA Margin 49.2% +8.2%
Net Margin -95.37% -2.6%
ROE -6332.43% -2635.3%
Interest Coverage 1.08 -11.0%
Debt/Equity -
Net Debt/EBITDA 3.95 -0.1%
CapEx / Revenue 15.49% -42.8%
CapEx Coverage 2.75 +85.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high

✗Weaknesses

✗Weak interest coverage of 1.1x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-2.62%

5Y6.81%

3Y2.7%

TTM-0.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM119.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM119.57%

ROCE

10Y Avg5.6%

5Y Avg9.7%

3Y Avg10.11%

Latest12.4%

Peer Comparison

Tower Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IHSIHS Holding Limited	2.7B	8.04	-1.64	-19.49%	26.39%	12.23%	17.06%

Profit & Loss

	Nov 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	726.74M	905.61M	1.11B	1.17B	1.23B	1.4B	1.58B	1.96B	2.13B	1.71B
Revenue Growth %	-0.67%	0.25%	0.22%	0.06%	0.05%	0.14%	0.13%	0.24%	0.08%	-0.19%
Cost of Revenue	522.25M	634.66M	710.75M	766.73M	810.97M	838.42M	907.39M	1.16B	1.08B	890.53M
Gross Profit+	204.49M	270.94M	396.2M	401.36M	420.09M	564.73M	672.34M	804.3M	1.04B	820.69M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.85%	0.32%	0.46%	0.01%	0.05%	0.34%	0.19%	0.2%	0.29%	-0.21%
Operating Expenses+	550.16M	1.2B	595.57M	181.32M	577.19M	232.78M	283.97M	492.05M	510.16M	341.55M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	183.29M	298.23M	517.07M	525.35M	227.4M	740.61M	771.25M	781.15M	966.24M	841.88M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.64%	0.63%	0.73%	0.02%	-0.57%	2.26%	0.04%	0.01%	0.24%	-0.13%
Depreciation & Amortization+	184.38M	270.03M	324.09M	319.42M	384.51M	408.66M	382.88M	468.9M	435.59M	362.74M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-1.09M	28.2M	192.99M	205.93M	-157.1M	331.94M	388.37M	312.25M	530.65M	479.15M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1%	26.96%	5.84%	0.07%	-1.76%	3.11%	0.17%	-0.2%	0.7%	-0.1%
Interest Expense+	70.98M	0	0	186.25M	209.85M	209.63M	216.75M	320.64M	437.44M	443.56M
Interest Coverage	-0.02x	-	-	1.11x	-0.75x	1.58x	1.79x	0.97x	1.21x	1.08x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-462.62M	-1.12B	-396.41M	-86.02M	-409.97M	-152.85M	-8.14M	-543.98M	-1.88B	-1.61B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	41.45M	-176.28M	25.13M	46.75M	13.52M	169.83M	17.98M	-75.01M	107.53M	33.96M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-435.65M	-826.39M	-425.45M	-132.77M	-423.49M	-321.99M	-25.83M	-459.01M	-1.98B	-1.63B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-3.24%	-0.9%	0.49%	0.69%	-2.19%	0.24%	0.92%	-16.77%	-3.31%	0.17%
EPS (Diluted)+	-1.99	-3.45	-1.48	-0.40	-1.28	-0.98	-0.08	-1.42	-5.93	-4.90
EPS Growth %	-1.71%	-0.73%	0.57%	0.73%	-2.2%	0.23%	0.92%	-16.82%	-3.18%	0.17%
EPS (Basic)	-1.99	-3.45	-1.48	-0.40	-1.28	-0.98	-0.08	-1.42	-5.93	-4.90
Diluted Shares Outstanding	218.88M	239.4M	286.56M	328.05M	330.75M	330.75M	327.82M	330.96M	333.18M	333.06M

Balance Sheet

	Nov 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	4.62B	4.05B	4B	3.82B	4.16B	4.45B	5.54B	6.32B	5.36B	4.28B
Asset Growth %	-0.14%	-0.12%	-0.01%	-0.04%	0.09%	0.07%	0.25%	0.14%	-0.15%	-0.2%
PP&E (Net)+	1.82B	1.71B	1.55B	1.53B	1.91B	1.91B	2.28B	3.04B	2.63B	2.05B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	854.58M	811.65M	1.08B	964.29M	1.22B	989.32M	1.43B	1.25B	972.61M	924.31M
Cash & Equivalents	619.33M	476.08M	646.2M	633.45M	898.8M	585.42M	916.49M	514.08M	293.82M	577.96M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	29.28M	32.15M	24.91M	21.47M	48.71M	49.22M	42.02M	74.22M	40.59M	30.75M
Other Current Assets	66.06M	80.61M	241.31M	83.79M	53K	27.5M	0	-49.93M	26.61M	0
Long-Term Investments	10K	8K	12K	10K	42.62M	170.69M	11K	10K	13K	117.84M
Goodwill	757.85M	610.97M	552.31M	530.66M	518.14M	656.26M	779.9M	763.39M	619.3M	403.24M
Intangible Assets	669.91M	597.38M	513.28M	478.85M	449.63M	690.84M	845.73M	1.05B	933.03M	673.95M
Other Assets	513.46M	323.78M	305.89M	319.09M	18.78M	20.93M	192.08M	136.47M	148.83M	32.6M
Total Liabilities	2.13B	2.56B	2.52B	2.49B	2.73B	3.22B	3.8B	4.96B	5.02B	4.57B
Total Debt+	1.48B	2B	1.98B	1.9B	2.24B	2.52B	2.99B	3.95B	4.11B	3.9B
Net Debt	862.53M	1.53B	1.33B	1.26B	1.34B	1.93B	2.07B	3.44B	3.82B	3.32B
Long-Term Debt	1.36B	1.9B	1.87B	1.71B	1.95B	2.02B	2.4B	2.91B	3.06B	3.22B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	471K	0	0	0	167.66M	286.5M	376.1M	605.56M	601.99M	552.54M
Total Current Liabilities+	376.39M	373.22M	429.77M	573.53M	566.46M	683.64M	830.56M	1.27B	1.22B	693.57M
Accounts Payable	197.63M	185.56M	238.04M	281.28M	338.4M	301.81M	342.84M	442.96M	330.62M	232.93M
Accrued Expenses	5.17M	8.26M	10.16M	21.5M	18.87M	27.48M	53.45M	45.33M	46.28M	42.84M
Deferred Revenue	552.5M	0	0	0	2.69M	2.22M	20.43M	86.36M	41.46M	64.88M
Other Current Liabilities	48.76M	80.4M	67.97M	83.31M	54.12M	89.06M	4.11M	1.88M	182.67M	10.38M
Deferred Taxes	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	396.03M	277.26M	226.87M	208.93M	29.8M	59.03M	71.91M	85.99M	90.76M	89.09M
Total Equity+	2.5B	1.5B	1.47B	1.33B	1.43B	1.22B	1.74B	1.36B	347.35M	-295.81M
Equity Growth %	0.16%	-0.4%	-0.02%	-0.1%	0.07%	-0.14%	0.42%	-0.22%	-0.74%	-1.85%
Shareholders Equity	2.27B	1.42B	1.47B	1.33B	1.43B	1.21B	1.52B	1.13B	109.85M	-454.58M
Minority Interest	221.05M	76.58M	0	0	0	14.22M	223.19M	227.2M	237.51M	158.77M
Common Stock	3.29B	3.49B	4.52B	4.52B	4.53B	4.53B	5.22B	5.31B	5.39B	100.03M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-705.24M	-1.53B	-1.96B	-2.09B	-2.51B	-2.83B	-2.86B	-3.32B	-5.29B	-6.93B
Accumulated OCI	-310.4M	-535.71M	-1.09B	-1.1B	-591.17M	-489.52M	-842.91M	-861.27M	8.43M	1.06B
Return on Assets (ROA)	-0.09%	-0.19%	-0.11%	-0.03%	-0.11%	-0.07%	-0.01%	-0.08%	-0.34%	-0.34%
Return on Equity (ROE)	-0.19%	-0.41%	-0.29%	-0.09%	-0.31%	-0.24%	-0.02%	-0.3%	-2.32%	-63.32%
Debt / Equity	0.59x	1.34x	1.35x	1.42x	1.57x	2.06x	1.71x	2.90x	11.84x	-
Debt / Assets	0.32%	0.49%	0.5%	0.5%	0.54%	0.57%	0.54%	0.62%	0.77%	0.91%
Net Debt / EBITDA	4.71x	5.12x	2.58x	2.41x	5.90x	2.61x	2.68x	4.40x	3.95x	3.95x
Book Value per Share	11.4	6.25	5.14	4.06	4.32	3.7	5.32	4.11	1.04	-0.89

Cash Flow

	Nov 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	249.51M	415.51M	456.11M	462.31M	641.94M	635.26M	750.19M	907.3M	853.45M	729.3M
Operating CF Growth %	-0.6%	0.67%	0.1%	0.01%	0.39%	-0.01%	0.18%	0.21%	-0.06%	-0.15%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-435.65M	-826.39M	-425.45M	-86.02M	-409.97M	-152.85M	-8.14M	-543.98M	-1.88B	-1.61B
Depreciation & Amortization	184.38M	270.03M	324.09M	317.3M	384.51M	408.66M	382.88M	468.9M	435.59M	362.74M
Deferred Taxes	-34.93M	0	0	56.34M	82.77M	0	0	0	0	0
Other Non-Cash Items	382.94M	979.16M	676.8M	246.82M	251.72M	528.87M	433.5M	1.02B	2.51B	2.11B
Working Capital Changes	24.57M	-95.46M	-91.9M	-67.07M	-18.13M	-157.76M	-69.83M	-46.24M	-224.98M	-158.67M
Capital Expenditures+	-1.45B	-592.43M	-248.64M	-378.02M	-258.28M	-758.51M	-877.95M	-1.52B	-598.77M	-269.01M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.45B	-805.88M	-344.31M	-264.6M	-235.81M	-758.51M	-877.95M	-1.52B	-722.25M	63.18M
Acquisitions	-796.43M	-219.66M	54K	1.86M	2.4M	-542.9M	-401.04M	-735.74M	-4.49M	118.96M
Purchase of Investments	-248.87M	0	0	0	0	0	-103.65M	-512.11M	-183.4M	-43.66M
Sale of Investments	0	0	0	0	0	0	0	1000K	1000K	1000K
Other Investing	12.02M	6.2M	-95.73M	113.43M	20.07M	11.13M	24.16M	3.4M	5.44M	41.46M
Cash from Financing+	903.63M	349.53M	113.17M	-202.78M	-138.32M	-128.14M	524.26M	398.24M	-162.3M	-431M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	0	0	12.37M	0	378M	0	0	0
Share Repurchases	-248.87M	0	0	0	0	0	0	0	-10.04M	0
Other Financing	535.02M	66.13M	-132.63M	-123.2M	-257.67M	-221.3M	-212.97M	-281.9M	-376.07M	-434.83M
Net Change in Cash+	467.74M	-143.25M	170.12M	-12.75M	265.35M	-313.39M	331.07M	-402.41M	-220.25M	284.13M
Exchange Rate Effect	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Cash at Beginning	151.59M	619.33M	476.08M	646.2M	633.45M	898.8M	585.42M	916.49M	514.08M	293.82M
Cash at End	619.33M	476.08M	646.2M	633.45M	898.8M	585.42M	916.49M	514.08M	293.82M	577.96M
Free Cash Flow+	-1.2B	-176.91M	207.47M	84.28M	383.66M	-123.26M	-127.76M	-609.99M	254.68M	460.29M
FCF Growth %	-5.11%	0.85%	2.17%	-0.59%	3.55%	-1.32%	-0.04%	-3.77%	1.42%	0.81%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.72%	-41.4%	-28.65%	-9.47%	-30.66%	-24.26%	-1.74%	-29.58%	-231.51%	-6332.43%
EBITDA Margin	25.22%	32.93%	46.71%	44.98%	18.47%	52.78%	48.82%	39.83%	45.46%	49.2%
Net Debt / EBITDA	4.71x	5.12x	2.58x	2.41x	5.90x	2.61x	2.68x	4.40x	3.95x	3.95x
Interest Coverage	-0.02x	-	-	1.11x	-0.75x	1.58x	1.79x	0.97x	1.21x	1.08x
CapEx / Revenue	199.97%	65.42%	22.46%	32.36%	20.98%	54.06%	55.58%	77.36%	27.1%	15.49%
Debt / Equity	0.59x	1.34x	1.35x	1.42x	1.57x	2.06x	1.71x	2.90x	11.84x	-
EPS Growth	-170.82%	-73.37%	57.1%	72.97%	-220%	23.44%	91.87%	-1681.68%	-317.61%	17.37%

Revenue by Geography

	2021	2022	2023	2024
NIGERIA	-	-	-	998.47M
NIGERIA Growth	-	-	-	-
the world	-	608.9M	743.91M	534.39M
the world Growth	-	-	22.17%	-28.17%
BRAZIL	-	-	-	178.37M
BRAZIL Growth	-	-	-	-
Nigeria	1.15B	1.35B	1.38B	-
Nigeria Growth	-	17.94%	2.16%	-
world	433M	-	-	-
world Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

IHS Holding Limited (IHS) reported $1.77B in revenue for fiscal year 2024. This represents a 33% increase from $1.33B in 2011.

IHS Holding Limited (IHS) saw revenue decline by 19.5% over the past year.

Yes, IHS Holding Limited (IHS) is profitable, generating $466.0M in net income for fiscal year 2024 (-95.4% net margin).

Dividend & Returns

IHS Holding Limited (IHS) has a return on equity (ROE) of -6332.4%. Negative ROE indicates the company is unprofitable.

IHS Holding Limited (IHS) generated $779.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

IHS Holding Limited (IHS) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

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IHS Holding Limited (IHS) 10-Year Financial Performance & Capital Metrics

IHS • • Utilities

Communication ServicesTelecom ServicesSpecialized Communications InfrastructureTower Infrastructure

Revenue $1.71B -19.5%
EBITDA $842M -12.9%
Net Income -$1.63B +17.4%
Free Cash Flow $460M +80.7%
EBITDA Margin 49.2% +8.2%
Net Margin -95.37% -2.6%
ROE -6332.43% -2635.3%
Interest Coverage 1.08 -11.0%
Debt/Equity -
Net Debt/EBITDA 3.95 -0.1%
CapEx / Revenue 15.49% -42.8%
CapEx Coverage 2.75 +85.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high

✗Weaknesses

✗Weak interest coverage of 1.1x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-2.62%

5Y6.81%

3Y2.7%

TTM-0.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM119.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM119.57%

ROCE

10Y Avg5.6%

5Y Avg9.7%

3Y Avg10.11%

Latest12.4%

Peer Comparison

Tower Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IHSIHS Holding Limited	2.7B	8.04	-1.64	-19.49%	26.39%	12.23%	17.06%

Profit & Loss

	Nov 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	726.74M	905.61M	1.11B	1.17B	1.23B	1.4B	1.58B	1.96B	2.13B	1.71B
Revenue Growth %	-0.67%	0.25%	0.22%	0.06%	0.05%	0.14%	0.13%	0.24%	0.08%	-0.19%
Cost of Revenue	522.25M	634.66M	710.75M	766.73M	810.97M	838.42M	907.39M	1.16B	1.08B	890.53M
Gross Profit+	204.49M	270.94M	396.2M	401.36M	420.09M	564.73M	672.34M	804.3M	1.04B	820.69M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.85%	0.32%	0.46%	0.01%	0.05%	0.34%	0.19%	0.2%	0.29%	-0.21%
Operating Expenses+	550.16M	1.2B	595.57M	181.32M	577.19M	232.78M	283.97M	492.05M	510.16M	341.55M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	183.29M	298.23M	517.07M	525.35M	227.4M	740.61M	771.25M	781.15M	966.24M	841.88M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.64%	0.63%	0.73%	0.02%	-0.57%	2.26%	0.04%	0.01%	0.24%	-0.13%
Depreciation & Amortization+	184.38M	270.03M	324.09M	319.42M	384.51M	408.66M	382.88M	468.9M	435.59M	362.74M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-1.09M	28.2M	192.99M	205.93M	-157.1M	331.94M	388.37M	312.25M	530.65M	479.15M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1%	26.96%	5.84%	0.07%	-1.76%	3.11%	0.17%	-0.2%	0.7%	-0.1%
Interest Expense+	70.98M	0	0	186.25M	209.85M	209.63M	216.75M	320.64M	437.44M	443.56M
Interest Coverage	-0.02x	-	-	1.11x	-0.75x	1.58x	1.79x	0.97x	1.21x	1.08x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-462.62M	-1.12B	-396.41M	-86.02M	-409.97M	-152.85M	-8.14M	-543.98M	-1.88B	-1.61B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	41.45M	-176.28M	25.13M	46.75M	13.52M	169.83M	17.98M	-75.01M	107.53M	33.96M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-435.65M	-826.39M	-425.45M	-132.77M	-423.49M	-321.99M	-25.83M	-459.01M	-1.98B	-1.63B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-3.24%	-0.9%	0.49%	0.69%	-2.19%	0.24%	0.92%	-16.77%	-3.31%	0.17%
EPS (Diluted)+	-1.99	-3.45	-1.48	-0.40	-1.28	-0.98	-0.08	-1.42	-5.93	-4.90
EPS Growth %	-1.71%	-0.73%	0.57%	0.73%	-2.2%	0.23%	0.92%	-16.82%	-3.18%	0.17%
EPS (Basic)	-1.99	-3.45	-1.48	-0.40	-1.28	-0.98	-0.08	-1.42	-5.93	-4.90
Diluted Shares Outstanding	218.88M	239.4M	286.56M	328.05M	330.75M	330.75M	327.82M	330.96M	333.18M	333.06M

Balance Sheet

	Nov 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	4.62B	4.05B	4B	3.82B	4.16B	4.45B	5.54B	6.32B	5.36B	4.28B
Asset Growth %	-0.14%	-0.12%	-0.01%	-0.04%	0.09%	0.07%	0.25%	0.14%	-0.15%	-0.2%
PP&E (Net)+	1.82B	1.71B	1.55B	1.53B	1.91B	1.91B	2.28B	3.04B	2.63B	2.05B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	854.58M	811.65M	1.08B	964.29M	1.22B	989.32M	1.43B	1.25B	972.61M	924.31M
Cash & Equivalents	619.33M	476.08M	646.2M	633.45M	898.8M	585.42M	916.49M	514.08M	293.82M	577.96M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	29.28M	32.15M	24.91M	21.47M	48.71M	49.22M	42.02M	74.22M	40.59M	30.75M
Other Current Assets	66.06M	80.61M	241.31M	83.79M	53K	27.5M	0	-49.93M	26.61M	0
Long-Term Investments	10K	8K	12K	10K	42.62M	170.69M	11K	10K	13K	117.84M
Goodwill	757.85M	610.97M	552.31M	530.66M	518.14M	656.26M	779.9M	763.39M	619.3M	403.24M
Intangible Assets	669.91M	597.38M	513.28M	478.85M	449.63M	690.84M	845.73M	1.05B	933.03M	673.95M
Other Assets	513.46M	323.78M	305.89M	319.09M	18.78M	20.93M	192.08M	136.47M	148.83M	32.6M
Total Liabilities	2.13B	2.56B	2.52B	2.49B	2.73B	3.22B	3.8B	4.96B	5.02B	4.57B
Total Debt+	1.48B	2B	1.98B	1.9B	2.24B	2.52B	2.99B	3.95B	4.11B	3.9B
Net Debt	862.53M	1.53B	1.33B	1.26B	1.34B	1.93B	2.07B	3.44B	3.82B	3.32B
Long-Term Debt	1.36B	1.9B	1.87B	1.71B	1.95B	2.02B	2.4B	2.91B	3.06B	3.22B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	471K	0	0	0	167.66M	286.5M	376.1M	605.56M	601.99M	552.54M
Total Current Liabilities+	376.39M	373.22M	429.77M	573.53M	566.46M	683.64M	830.56M	1.27B	1.22B	693.57M
Accounts Payable	197.63M	185.56M	238.04M	281.28M	338.4M	301.81M	342.84M	442.96M	330.62M	232.93M
Accrued Expenses	5.17M	8.26M	10.16M	21.5M	18.87M	27.48M	53.45M	45.33M	46.28M	42.84M
Deferred Revenue	552.5M	0	0	0	2.69M	2.22M	20.43M	86.36M	41.46M	64.88M
Other Current Liabilities	48.76M	80.4M	67.97M	83.31M	54.12M	89.06M	4.11M	1.88M	182.67M	10.38M
Deferred Taxes	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	396.03M	277.26M	226.87M	208.93M	29.8M	59.03M	71.91M	85.99M	90.76M	89.09M
Total Equity+	2.5B	1.5B	1.47B	1.33B	1.43B	1.22B	1.74B	1.36B	347.35M	-295.81M
Equity Growth %	0.16%	-0.4%	-0.02%	-0.1%	0.07%	-0.14%	0.42%	-0.22%	-0.74%	-1.85%
Shareholders Equity	2.27B	1.42B	1.47B	1.33B	1.43B	1.21B	1.52B	1.13B	109.85M	-454.58M
Minority Interest	221.05M	76.58M	0	0	0	14.22M	223.19M	227.2M	237.51M	158.77M
Common Stock	3.29B	3.49B	4.52B	4.52B	4.53B	4.53B	5.22B	5.31B	5.39B	100.03M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-705.24M	-1.53B	-1.96B	-2.09B	-2.51B	-2.83B	-2.86B	-3.32B	-5.29B	-6.93B
Accumulated OCI	-310.4M	-535.71M	-1.09B	-1.1B	-591.17M	-489.52M	-842.91M	-861.27M	8.43M	1.06B
Return on Assets (ROA)	-0.09%	-0.19%	-0.11%	-0.03%	-0.11%	-0.07%	-0.01%	-0.08%	-0.34%	-0.34%
Return on Equity (ROE)	-0.19%	-0.41%	-0.29%	-0.09%	-0.31%	-0.24%	-0.02%	-0.3%	-2.32%	-63.32%
Debt / Equity	0.59x	1.34x	1.35x	1.42x	1.57x	2.06x	1.71x	2.90x	11.84x	-
Debt / Assets	0.32%	0.49%	0.5%	0.5%	0.54%	0.57%	0.54%	0.62%	0.77%	0.91%
Net Debt / EBITDA	4.71x	5.12x	2.58x	2.41x	5.90x	2.61x	2.68x	4.40x	3.95x	3.95x
Book Value per Share	11.4	6.25	5.14	4.06	4.32	3.7	5.32	4.11	1.04	-0.89

Cash Flow

	Nov 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	249.51M	415.51M	456.11M	462.31M	641.94M	635.26M	750.19M	907.3M	853.45M	729.3M
Operating CF Growth %	-0.6%	0.67%	0.1%	0.01%	0.39%	-0.01%	0.18%	0.21%	-0.06%	-0.15%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-435.65M	-826.39M	-425.45M	-86.02M	-409.97M	-152.85M	-8.14M	-543.98M	-1.88B	-1.61B
Depreciation & Amortization	184.38M	270.03M	324.09M	317.3M	384.51M	408.66M	382.88M	468.9M	435.59M	362.74M
Deferred Taxes	-34.93M	0	0	56.34M	82.77M	0	0	0	0	0
Other Non-Cash Items	382.94M	979.16M	676.8M	246.82M	251.72M	528.87M	433.5M	1.02B	2.51B	2.11B
Working Capital Changes	24.57M	-95.46M	-91.9M	-67.07M	-18.13M	-157.76M	-69.83M	-46.24M	-224.98M	-158.67M
Capital Expenditures+	-1.45B	-592.43M	-248.64M	-378.02M	-258.28M	-758.51M	-877.95M	-1.52B	-598.77M	-269.01M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.45B	-805.88M	-344.31M	-264.6M	-235.81M	-758.51M	-877.95M	-1.52B	-722.25M	63.18M
Acquisitions	-796.43M	-219.66M	54K	1.86M	2.4M	-542.9M	-401.04M	-735.74M	-4.49M	118.96M
Purchase of Investments	-248.87M	0	0	0	0	0	-103.65M	-512.11M	-183.4M	-43.66M
Sale of Investments	0	0	0	0	0	0	0	1000K	1000K	1000K
Other Investing	12.02M	6.2M	-95.73M	113.43M	20.07M	11.13M	24.16M	3.4M	5.44M	41.46M
Cash from Financing+	903.63M	349.53M	113.17M	-202.78M	-138.32M	-128.14M	524.26M	398.24M	-162.3M	-431M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	0	0	12.37M	0	378M	0	0	0
Share Repurchases	-248.87M	0	0	0	0	0	0	0	-10.04M	0
Other Financing	535.02M	66.13M	-132.63M	-123.2M	-257.67M	-221.3M	-212.97M	-281.9M	-376.07M	-434.83M
Net Change in Cash+	467.74M	-143.25M	170.12M	-12.75M	265.35M	-313.39M	331.07M	-402.41M	-220.25M	284.13M
Exchange Rate Effect	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Cash at Beginning	151.59M	619.33M	476.08M	646.2M	633.45M	898.8M	585.42M	916.49M	514.08M	293.82M
Cash at End	619.33M	476.08M	646.2M	633.45M	898.8M	585.42M	916.49M	514.08M	293.82M	577.96M
Free Cash Flow+	-1.2B	-176.91M	207.47M	84.28M	383.66M	-123.26M	-127.76M	-609.99M	254.68M	460.29M
FCF Growth %	-5.11%	0.85%	2.17%	-0.59%	3.55%	-1.32%	-0.04%	-3.77%	1.42%	0.81%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.72%	-41.4%	-28.65%	-9.47%	-30.66%	-24.26%	-1.74%	-29.58%	-231.51%	-6332.43%
EBITDA Margin	25.22%	32.93%	46.71%	44.98%	18.47%	52.78%	48.82%	39.83%	45.46%	49.2%
Net Debt / EBITDA	4.71x	5.12x	2.58x	2.41x	5.90x	2.61x	2.68x	4.40x	3.95x	3.95x
Interest Coverage	-0.02x	-	-	1.11x	-0.75x	1.58x	1.79x	0.97x	1.21x	1.08x
CapEx / Revenue	199.97%	65.42%	22.46%	32.36%	20.98%	54.06%	55.58%	77.36%	27.1%	15.49%
Debt / Equity	0.59x	1.34x	1.35x	1.42x	1.57x	2.06x	1.71x	2.90x	11.84x	-
EPS Growth	-170.82%	-73.37%	57.1%	72.97%	-220%	23.44%	91.87%	-1681.68%	-317.61%	17.37%

Revenue by Geography

	2021	2022	2023	2024
NIGERIA	-	-	-	998.47M
NIGERIA Growth	-	-	-	-
the world	-	608.9M	743.91M	534.39M
the world Growth	-	-	22.17%	-28.17%
BRAZIL	-	-	-	178.37M
BRAZIL Growth	-	-	-	-
Nigeria	1.15B	1.35B	1.38B	-
Nigeria Growth	-	17.94%	2.16%	-
world	433M	-	-	-
world Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

IHS Holding Limited (IHS) reported $1.77B in revenue for fiscal year 2024. This represents a 33% increase from $1.33B in 2011.

IHS Holding Limited (IHS) saw revenue decline by 19.5% over the past year.

Yes, IHS Holding Limited (IHS) is profitable, generating $466.0M in net income for fiscal year 2024 (-95.4% net margin).

Dividend & Returns

IHS Holding Limited (IHS) has a return on equity (ROE) of -6332.4%. Negative ROE indicates the company is unprofitable.

IHS Holding Limited (IHS) generated $779.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

IHS Holding Limited (IHS) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.