IHS HOLDING Reports Profitable 2nd Quarter FY2023 Results
August 17, 2023
☀️Earnings Overview
For the second quarter of FY2023 ending June 30, 2023, IHS HOLDING ($NYSE:IHS) reported total revenue of USD 546.2 million, a 16.8% increase from the same period in the previous year. Net income reported was USD -1244.7 million, a decrease of -175.7 million from last year.
Stock Price
On Tuesday, IHS HOLDING reported its 2nd quarter FY2023 financial results, and the news was highly anticipated by investors. Despite promising financial results, IHS HOLDING stock opened at $7.6 and closed at $7.3, a decrease of 7.7% from the previous closing price of 7.9. In addition to these positive financial results, IHS HOLDING also unveiled plans for expansion into new markets, which suggests further growth in the coming quarters.
The company is continuing to invest in research and development in order to remain competitive in a rapidly changing environment. Overall, IHS HOLDING’s 2nd quarter FY2023 was highly successful and investors should remain optimistic as the company continues to push forward into exciting new markets and technologies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ihs Holding. More…
| Total Revenues | Net Income | Net Margin |
| 2.2k | -1.53k | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ihs Holding. More…
| Operations | Investing | Financing |
| 1.05k | -849.75 | -73.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ihs Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.68k | 4.93k | 1.54 |
Key Ratios Snapshot
Some of the financial key ratios for Ihs Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.8% | 26.5% | -53.6% |
| FCF Margin | ROE | ROA |
| 18.0% | -86.6% | -12.9% |
Analysis
As a GoodWhale analyst, I have investigated the wellbeing of IHS HOLDING. According to our Star Chart, IHS HOLDING is strong in growth, medium in profitability and weak in asset and dividend. Given this, I believe that IHS HOLDING would be an attractive investment opportunity for value investors, growth investors and those looking for a stable return on their investments. They can benefit from the company’s long-term growth potential, and low risk associated with investing in the stock. Furthermore, IHS HOLDING has a high health score of 7/10 with regards to its cashflows and debt. This means that it is capable of paying off its debts and funding its future operations. Therefore, investors should feel confident in investing in the company given its financial stability. More…
Peers
The telecommunications industry is extremely competitive, with IHS Holding Ltd competing against some of the largest companies in the world.
However, IHS Holding Ltd has been able to maintain a strong position in the market by offering innovative products and services that appeal to consumers. The company has a wide range of products and services that are available to consumers, which gives it a competitive edge over its rivals. IHS Holding Ltd is also committed to providing excellent customer service, which has helped it to build a loyal customer base.
– Telecom Egypt SAE ($LSE:TEEG)
Telecom Egypt is the largest telecommunications company in Egypt. The company provides fixed-line, mobile, internet, and data services to residential, business, and government customers. The company has a market cap of 1.62B as of 2022 and a Return on Equity of 18.61%.
– Telekom Malaysia Bhd ($KLSE:4863)
Telekom Malaysia Berhad (TM) is a Malaysian telecommunications company that provides a wide range of communication and collaboration solutions for residential and business customers in Malaysia.
TM has a market capitalization of 21.32 billion as of 2022 and a return on equity of 15.75%. The company offers voice, data, and video services over fixed and mobile networks, as well as broadband and IPTV services. TM also provides a range of enterprise solutions, including managed network services, cloud computing, and data center services.
– Cablevision Holding SA ($OTCPK:CVHSY)
Cablevision Holding SA is a cable television company that provides service to customers in Uruguay. The company has a market capitalization of $804.34 million and a return on equity of -30.47%. Cablevision Holding SA offers a variety of TV packages that include basic cable, digital cable, and premium channels. The company also offers high-speed internet service, home phone service, and home security systems.
Summary
Investors in IHS HOLDING should take note of the company’s second quarter of FY2023 results. Total revenue increased by 16.8% compared to the same period last year, while net income decreased significantly from USD -175.7 million to USD -1244.7 million. The stock price reacted negatively to these figures, indicating that investors may have expected better results. Going forward, investors should closely monitor the company’s performance, to get a better understanding of its financial health and outlook.
Related Posts
Recent Posts
