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IHS Towers Valuation Multiples
Discover revenue and EBITDA valuation multiples for IHS Towers and similar public comparables like Uniti Group, Helios Towers, Telesites, Cetc Potevio Science and more.
IHS Towers Overview
About IHS Towers
IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria, Sub-Saharan Africa, the Middle East and North Africa (MENA), and Latin America (Latam). The majority of its revenue is derived from Nigeria.
Founded
2001
HQ
Employees
2.9K
Website
Sectors
Financials (LTM)
EV
$5B
IHS Towers Financials
IHS Towers reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, IHS Towers generated $824M in gross profit, $1B in EBITDA, and $184M in net income.
Revenue (LTM)
IHS Towers P&L
In the most recent fiscal year, IHS Towers reported revenue of $2B and EBITDA of $1B.
IHS Towers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $824M | XXX | $877M | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 88% | XXX | XXX | XXX |
| EBIT Margin | 51% | XXX | 58% | XXX | XXX | XXX |
| Net Profit | $184M | XXX | $144M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
IHS Towers Stock Performance
IHS Towers has current market cap of $3B, and enterprise value of $5B.
Market Cap Evolution
IHS Towers' stock price is $8.25.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $3B | 0.0% | XXX | XXX | XXX | $0.43 |
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Start Free TrialIHS Towers Valuation Multiples
IHS Towers trades at 3.3x EV/Revenue multiple, and 5.3x EV/EBITDA.
EV / Revenue (LTM)
IHS Towers Financial Valuation Multiples
As of April 20, 2026, IHS Towers has market cap of $3B and EV of $5B.
Equity research analysts estimate IHS Towers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IHS Towers has a P/E ratio of 15.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 3.3x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 5.3x | XXX | 3.9x | XXX | XXX | XXX |
| EV/EBIT | 6.6x | XXX | 5.9x | XXX | XXX | XXX |
| EV/Gross Profit | 6.6x | XXX | 6.2x | XXX | XXX | XXX |
| P/E | 15.1x | XXX | 19.3x | XXX | XXX | XXX |
| EV/FCF | 6.9x | XXX | 6.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified IHS Towers Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
IHS Towers Margins & Growth Rates
IHS Towers' revenue in the last 12 month grew by 10%.
IHS Towers' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
IHS Towers' rule of 40 is 72% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IHS Towers' rule of X is 89% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
IHS Towers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 88% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (24%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 72% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 89% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 18% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
IHS Towers Public Comps
See public comps and valuation multiples for other Telecom Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IHS Towers | XXX | XXX | XXX | XXX | XXX | XXX |
| Uniti Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Helios Towers | XXX | XXX | XXX | XXX | XXX | XXX |
| Telesites | XXX | XXX | XXX | XXX | XXX | XXX |
| Cetc Potevio Science | XXX | XXX | XXX | XXX | XXX | XXX |
| DigitalBridge Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
IHS Towers M&A Activity
IHS Towers acquired XXX companies to date.
Last acquisition by IHS Towers was on XXXXXXXX, XXXXX. IHS Towers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by IHS Towers
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIHS Towers Investment Activity
IHS Towers invested in XXX companies to date.
IHS Towers made its latest investment on XXXXXXXX, XXXXX. IHS Towers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by IHS Towers
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout IHS Towers
| When was IHS Towers founded? | IHS Towers was founded in 2001. |
| Where is IHS Towers headquartered? | IHS Towers is headquartered in Nigeria. |
| How many employees does IHS Towers have? | As of today, IHS Towers has over 2K employees. |
| Who is the CEO of IHS Towers? | IHS Towers' CEO is Sam Darwish. |
| Is IHS Towers publicly listed? | Yes, IHS Towers is a public company listed on NYSE. |
| What is the stock symbol of IHS Towers? | IHS Towers trades under IHS ticker. |
| When did IHS Towers go public? | IHS Towers went public in 2021. |
| Who are competitors of IHS Towers? | IHS Towers main competitors are Uniti Group, Helios Towers, Telesites, Cetc Potevio Science. |
| What is the current market cap of IHS Towers? | IHS Towers' current market cap is $3B. |
| What is the current revenue of IHS Towers? | IHS Towers' last 12 months revenue is $2B. |
| What is the current revenue growth of IHS Towers? | IHS Towers revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of IHS Towers? | Current revenue multiple of IHS Towers is 3.3x. |
| Is IHS Towers profitable? | Yes, IHS Towers is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IHS Towers? | IHS Towers' last 12 months EBITDA is $1B. |
| What is IHS Towers' EBITDA margin? | IHS Towers' last 12 months EBITDA margin is 63%. |
| What is the current EV/EBITDA multiple of IHS Towers? | Current EBITDA multiple of IHS Towers is 5.3x. |
| What is the current FCF of IHS Towers? | IHS Towers' last 12 months FCF is $790M. |
| What is IHS Towers' FCF margin? | IHS Towers' last 12 months FCF margin is 48%. |
| What is the current EV/FCF multiple of IHS Towers? | Current FCF multiple of IHS Towers is 6.9x. |
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