IHS

IHS Inc

TMT


Presented:12/15/2021
Price:$12.90
Cap:$4.23B
Current Price:$3.04
Cap:$1.01B

Presented

Date12/15/2021
Price$12.90
Market Cap$4.23B
Ent ValueN/A
P/E Ratio39.57x
Book Value$3.95
Div Yield0%
Shares O/S328.05M
Ave Daily Vol633,189
Short Int0.06%

Current

Price$3.04
Market Cap$1.01B
IHS Holding Ltd. provides mobile telecommunications infrastructure services. It offers scalable existing, built to suit, efficient and discreet, infrastructure to suit urban areas, support with digital strategies, and remote location solutions. The company was founded by Issam Darwish, William S. Saad, and Mohamad Darwish in 2001 and is headquartered in Port Louis, Mauritius.

Publicly traded companies mentioned herein: American Tower Corp (AMT), Helios Towers Plc (HTWS LN), IHS Holding Ltd (IHS)

Highlights

The presenter is long shares of IHS Holding LTD (IHS), the recently IPO’d emerging tower operator with a $4.5B market cap and $6B EV that trades at $12.90 per share. With a model similar to American Tower Corp (AMT), IHS is one of the largest telecommunications infrastructure providers in West Africa. The company IPO’d at $21 per share on 10/14 and due to some missteps, the stock traded down to $12.90 per share. It now trades at 6.5x consensus 2022 EBITDA and is significantly less levered than its peers. With about 2 turns of net leverage, it could take leverage of up to 3.5x or more to make additional accretive acquisitions. Meanwhile, IHS has the largest presence of any tower operators in Nigeria with more than 20 years of regional experience, and the presenter sees ~150% upside to a price target of $32.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.