IHS Holding stock: fair value
IHSThe fair value of IHS Holding under our model is $5.18, the price is 62% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $4.32 and expensive above $6.48 (uncertainty low, based on the price swings of the past year).
Calculated with a cost of equity of 13.9%. At 14.9% the fair value would be $4.74, at 12.9% it would be $5.73.
Where the number comes from
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 13.9% (government bond yield 3.8% plus beta 2 times a risk premium of 5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $5.18 per share: free cash flow for the next ten years, each year discounted to today at 13.9%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 13.9%) |
|---|---|---|---|---|
| 2026 | $267.57M | extrapolated at −9.7% | 0.8783 | $235.02M |
| 2027 | $252.52M | extrapolated at −5.6% | 0.7715 | $194.82M |
| 2028 | $245.48M | extrapolated at −2.8% | 0.6776 | $166.34M |
| 2029 | $243.5M | extrapolated at −0.8% | 0.5952 | $144.94M |
| 2030 | $244.93M | extrapolated at 0.6% | 0.5228 | $128.05M |
| 2031 | $248.75M | extrapolated at 1.6% | 0.4592 | $114.23M |
| 2032 | $254.33M | extrapolated at 2.2% | 0.4033 | $102.58M |
| 2033 | $261.24M | extrapolated at 2.7% | 0.3543 | $92.55M |
| 2034 | $269.21M | extrapolated at 3.1% | 0.3112 | $83.77M |
| 2035 | $278.05M | extrapolated at 3.3% | 0.2733 | $76M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.34B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (13.9% − 3.8%) | $2.88B |
| Present value of terminal value (× 0.2733) | $787.51M |
| Equity value (sum plus present value of terminal value) | $2.13B |
| Shares (diluted) | 410.00M |
| Value per share (equity value divided by shares) | $5.18 |
| Fair value (from the cash flow model alone) | $5.18 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Jan 2025)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.