Part of the real estate sector, IHS Holding Limited (IHS) is listed under Real Estate Services. The company carries a $2.74B market cap, placing it firmly in the mid-cap category. The company offers colocation and lease amendment services, which allows customers to lease space on existing towers alongside current tenants, install additional equipment on a tower, and request for ancillary services; build-to-suit sites; in-building solutions and distributed antenna systems, which allows customers to lease space in secure locations within large building complexes, such as shopping malls, stadiums, and airports; non-intrusive small cell installation services on commercial premises, lampposts, and poles; fiber-to-the-tower connectivity services; rural telephony services; and managed services, including maintenance, security, and power supply services.
Market Cap
$2.74B
Beta
0.74
P/E (TTM)
4.45
P/E (Fwd)
14.82
EPS (TTM)
$1.83
EPS (Fwd)
$0.55
ROE
—
ROA
8.4%
Cash
$940.5M
Total Debt
$3.50B
Free CF
-$742.7M
52W Change
38.4%
Annual Financials
Cash vs Debt
IHS Holding Limited carries $3.50B in total debt against $940.5M in cash reserves — debt is roughly 3.7x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$742.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. An ROA of 8.4% suggests reasonable efficiency in deploying the company's asset base. Revenue has pulled back from $1.96B (2022) to $1.58B (2025), a 19% decline worth watching.
Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing IHS.