IHS Holding: Strong Despite Declining Naira [Seeking Alpha]
IHS Holding Limited (IHS)
US:NYSE Investor Relations:
investor.ihsmarkit.com
Company Research
Source: Seeking Alpha
9min Summary IHS Holding remains a buy due to its advantageous competitive advantages stemming from unique locations and wide economies of scale. Nigeria's high inflation, unemployment, and infrastructure gaps are significant headwinds, though a slight GDP improvement offers some optimism. Q2 2024 saw a 20.3% YoY revenue decrease and an 11.9% YoY adjusted EBITDA decline, mainly due to a 64% devaluation of the Nigerian naira. Shares are a buy with a revised price target of $5. bjdlzx Thesis Recap I first wrote a buy thesis on IHS Holding ( NYSE: IHS ) in April 2024, claiming that the business itself was surrounded by arguably wide moats and was underpriced due to the poor economic environment in Nigeria. Since then, the stock has declined more than 10%, suggesting that the market has so far not agreed with my thesis. Nonetheless, I still believe in the long-term potential of the business and revised my price target down to $5, to account for the poor economic situation
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IHS
News
- IHS Holding Limited Announces Successful Pricing of Dual Tranche Senior Notes TransactionBusiness Wire
- IHS Holding Ltd (IHS) Q3 2024 Earnings Call Highlights: Strong Organic Growth Amid Forex Challenges [Yahoo! Finance]Yahoo! Finance
- IHS Holding (IHS) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- IHS Holding Limited Announces Potential Dual-Tranche Senior Notes OfferingBusiness Wire
- IHS Holding Limited Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
IHS
Earnings
- 11/12/24 - Miss
IHS
Sec Filings
- 11/15/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- IHS's page on the SEC website