Estados financieros detallados de IHS Holding Limited (IHS): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
IHS Holding Limited registró ingresos de $1.58B en el último ejercicio fiscal, con un CAGR de 5 años del 2.4%.
Márgenes de los últimos 12 meses: margen bruto 52.3%, margen operativo 33.4%, margen neto 9.1%. El flujo de caja libre creció a un CAGR del 0.6% en 5 años.
Al precio actual de $8.42, IHS cotiza a un P/E de 20.54 y un ROE del -74.58%. La capitalización bursátil es de $2.8B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $905.6M | $1.11B | $1.17B | $1.23B | $1.40B | $1.58B | $1.96B | $2.13B | $1.71B | $1.58B |
| Coste de Ventas | $634.7M | $710.8M | $766.7M | $811.0M | $838.4M | $907.4M | $1.16B | $1.08B | $890.5M | $717.8M |
| Beneficio Bruto | $270.9M | $396.2M | $401.4M | $420.1M | $564.7M | $672.3M | $804.3M | $1.04B | $820.7M | $864.2M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $244.1M | $203.2M | $125.2M | $495.0M | $180.2M | $241.8M | $286.8M | $421.4M | $302.5M | $657.9M |
| Gastos Operativos | $1.20B | $595.6M | $181.3M | $577.2M | $232.8M | $284.0M | $492.1M | $510.2M | $341.5M | $598.1M |
| Beneficio Operativo | $28.2M | $193.0M | $205.9M | -$157.1M | $331.9M | $388.4M | $312.2M | $530.7M | $479.1M | $266.1M |
| EBITDA | $298.2M | $517.1M | $419.6M | $186.1M | $468.1M | $591.5M | $252.6M | -$998.5M | -$794.8M | $1.39B |
| Gastos por Intereses | 0 | 0 | $186.3M | $209.9M | $209.6M | $216.8M | $320.6M | $437.4M | $443.6M | $317.3M |
| Beneficio Antes de Impuestos | -$1.12B | -$396.4M | -$86.0M | -$410.0M | -$152.9M | -$8.1M | -$544.0M | -$1.88B | -$1.61B | $690.8M |
| Impuestos | -$176.3M | $25.1M | $46.7M | $13.5M | $169.8M | $18.0M | -$75.0M | $107.5M | $34.0M | $86.4M |
| Beneficio Neto | -$826.4M | -$425.4M | -$132.8M | -$423.5M | -$322.0M | -$25.8M | -$459.0M | -$1.98B | -$1.63B | $143.6M |
| BPA | $-3.45 | $-1.48 | $-0.40 | $-1.28 | $-0.98 | $-0.08 | $-1.42 | $-5.93 | $-4.90 | $0.43 |
| BPA Diluido | $-3.45 | $-1.48 | $-0.40 | $-1.28 | $-0.98 | $-0.08 | $-1.42 | $-5.93 | $-4.90 | $0.42 |
| Acciones en Circulación (Diluidas) | $239.4M | $286.6M | $328.1M | $330.8M | $330.8M | $327.8M | $331.0M | $333.2M | $333.1M | $341.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $455.1M | $254.0M | $415.4M | $428.6M |
| Beneficio Bruto | $216.1M | $157.6M | $231.3M | $207.1M |
| Beneficio Operativo | $159.9M | $155.9M | $119.9M | $82.8M |
| EBITDA | $283.2M | $486.7M | $255.5M | $165.1M |
| Beneficio Neto | $151.0M | -$75.9M | $75.8M | -$8.8M |
| BPA | $0.44 | $-0.23 | $0.23 | $-0.03 |
| BPA Diluido | $0.44 | $-0.23 | $0.22 | $-0.03 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $476.1M | $646.2M | $633.5M | $898.8M | $585.4M | $916.5M | $514.1M | $293.8M | $578.0M | $825.7M |
| Inversiones a Corto | 0 | $5000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $182.8M | $135.0M | $187.7M | $262.9M | $309.1M | $431.1M | $664.6M | $580.6M | $300.3M | $170.9M |
| Inventario | $32.2M | $24.9M | $21.5M | $48.7M | $49.2M | $42.0M | $74.2M | $40.6M | $30.7M | $42.1M |
| Activos Corrientes | $811.7M | $1.08B | $964.3M | $1.22B | $989.3M | $1.43B | $1.25B | $972.6M | $924.3M | $2.50B |
| Inmovilizado Material | $1.71B | $1.55B | $1.53B | $1.91B | $1.91B | $2.28B | $3.04B | $2.63B | $2.05B | $1.19B |
| Fondo de Comercio | $611.0M | $552.3M | $530.7M | $518.1M | $656.3M | $779.9M | $763.4M | $619.3M | $403.2M | $262.7M |
| Activos Intangibles | $597.4M | $513.3M | $478.8M | $449.6M | $690.8M | $845.7M | $1.05B | $933.0M | $674.0M | $288.9M |
| Activos Totales | $4.05B | $4.00B | $3.82B | $4.16B | $4.45B | $5.54B | $6.32B | $5.36B | $4.28B | $4.49B |
| Cuentas por Pagar | $185.6M | $238.0M | $281.3M | $338.4M | $301.8M | $342.8M | $443.0M | $330.6M | $232.9M | $148.4M |
| Deuda a Corto | $99.0M | $113.6M | $187.4M | $122.0M | $214.4M | $207.6M | $438.1M | $454.2M | $128.7M | $356.4M |
| Pasivos Corrientes | $373.2M | $429.8M | $573.5M | $566.5M | $683.6M | $830.6M | $1.27B | $1.22B | $693.6M | $1.20B |
| Deuda a Largo | $1.90B | $1.87B | $1.71B | $1.95B | $2.02B | $2.40B | $2.91B | $3.06B | $3.22B | $2.84B |
| Pasivos Totales | $2.56B | $2.52B | $2.49B | $2.73B | $3.22B | $3.80B | $4.96B | $5.02B | $4.57B | $4.58B |
| Reservas | -$1.53B | -$1.96B | -$2.09B | -$2.51B | -$2.83B | -$2.86B | -$3.32B | -$5.29B | -$6.93B | -$6.80B |
| Patrimonio Neto | $1.42B | $1.47B | $1.33B | $1.43B | $1.21B | $1.52B | $1.13B | $109.8M | -$454.6M | -$251.3M |
| Deuda Total | $2.00B | $1.98B | $1.90B | $2.24B | $2.52B | $2.99B | $3.95B | $4.11B | $3.90B | $3.51B |
| Deuda Neta | $1.53B | $1.33B | $1.26B | $1.34B | $1.93B | $2.07B | $3.44B | $3.82B | $3.32B | $2.68B |
| Capital Circulante | $438.4M | $648.3M | $390.8M | $657.2M | $305.7M | $599.8M | -$13.5M | -$249.3M | $230.7M | $1.30B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $647.6M | $825.7M | $940.5M | $1.07B |
| Activos Totales | $4.68B | $4.49B | $4.67B | $4.36B |
| Pasivos Totales | $4.65B | $4.58B | $4.69B | $4.54B |
| Patrimonio Neto | -$135.8M | -$251.3M | -$193.3M | -$181.7M |
| Deuda Total | $3.90B | $3.51B | $3.50B | $3.49B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$826.4M | -$425.4M | -$86.0M | -$410.0M | -$152.9M | -$8.1M | -$544.0M | -$1.88B | -$1.61B | $621.2M |
| Amortizaciones | $270.0M | $324.1M | $317.3M | $384.5M | $408.7M | $382.9M | $468.9M | $435.6M | $362.7M | $381.7M |
| Compensación en Acciones | $88.2M | -$27.4M | -$5.1M | $351.1M | $8.3M | $11.8M | $13.3M | $13.4M | $27.9M | 0 |
| Cambio en Capital Circulante | -$95.5M | -$91.9M | -$67.1M | -$18.1M | -$157.8M | -$69.8M | -$46.2M | -$225.0M | -$158.7M | $13.2M |
| Flujo de Caja Operativo | $415.5M | $456.1M | $462.3M | $641.9M | $635.3M | $750.2M | $907.3M | $853.5M | $729.3M | $669.5M |
| Inversiones (CapEx) | -$592.4M | -$248.6M | -$378.0M | -$258.3M | -$229.2M | -$402.5M | -$559.4M | -$598.8M | -$269.0M | -$252.0M |
| Adquisiciones | -$219.7M | $54000 | $1.9M | $2.4M | -$542.9M | -$401.0M | -$735.7M | -$4.5M | $119.0M | $171.8M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$10.0M | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$176.9M | $207.5M | $84.3M | $383.7M | $406.1M | $347.7M | $347.9M | $254.7M | $460.3M | $417.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $251.3M | $170.4M | $205.7M | $150.0M |
| Inversiones (CapEx) | -$74.4M | -$83.0M | -$46.4M | -$37.8M |
| Flujo de Caja Libre | $176.9M | $87.4M | $159.3M | $112.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $6.0M | 0 | 0 | $57.6M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +22.2% | +5.5% | +5.4% | +14.0% | +12.6% | +24.2% | +8.4% | -19.5% | -7.6% |
| Crecimiento Beneficio Neto (anual) | | +48.5% | +68.8% | -219.0% | +24.0% | +92.0% | -1676.9% | -330.6% | +17.4% | +108.8% |
| Crecimiento BPA (anual) | | +57.1% | +73.0% | -220.0% | +23.4% | +91.9% | -1681.7% | -317.6% | +17.4% | +108.8% |
| Cambio en Acciones (anual) | | +19.7% | +14.5% | +0.8% | +0.0% | -0.9% | +1.0% | +0.7% | -0.0% | +2.6% |
| Crecimiento FCF (anual) | | +217.3% | -59.4% | +355.2% | +5.8% | -14.4% | +0.1% | -26.8% | +80.7% | -9.3% |
| Margen Bruto | 29.9% | 35.8% | 34.4% | 34.1% | 40.2% | 42.6% | 41.0% | 49.0% | 48.0% | 54.6% |
| Margen Operativo | 3.1% | 17.4% | 17.6% | -12.8% | 23.7% | 24.6% | 15.9% | 25.0% | 28.0% | 16.8% |
| Margen EBITDA | 32.9% | 46.7% | 35.9% | 15.1% | 33.4% | 37.4% | 12.9% | -47.0% | -46.4% | 87.9% |
| Margen Neto | -91.3% | -38.4% | -11.4% | -34.4% | -22.9% | -1.6% | -23.4% | -93.0% | -95.4% | 9.1% |
| Margen FCF | -19.5% | 18.7% | 7.2% | 31.2% | 28.9% | 22.0% | 17.7% | 12.0% | 26.9% | 26.4% |
| Tasa Impositiva Efectiva | 15.8% | -6.3% | -54.3% | -3.3% | -111.1% | -220.9% | 13.8% | -5.7% | -2.1% | 12.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.74 | $0.72 | $0.26 | $1.16 | $1.23 | $1.06 | $1.05 | $0.76 | $1.38 | $1.22 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $239.4M | $286.6M | $328.1M | $330.8M | $330.8M | $327.8M | $331.0M | $333.2M | $333.1M | $335.0M |
Qué mirar en empresas de Communication Services
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -74.58% |
| Rentabilidad sobre capital invertido | 12.52% |
| Rentabilidad sobre activos | 3.26% |
| Margen bruto | 52.29% |
| Margen operativo | 33.38% |
| Margen neto | 9.15% |
Salud financiera
| Deuda / Patrimonio | -19.21 |
| Ratio corriente | 1.93 |
| Piotroski F-Score | 7 |
| Altman Z-Score | -0.90 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -4.93 | -11.49 | -42.50 | -13.28 | -17.35 | -176.91 | -4.33 | -0.78 | -0.60 | 17.35 |
| P/VC | 2.86 | 3.31 | 4.19 | 3.93 | 4.65 | 3.04 | 1.80 | 13.95 | -2.14 | -9.95 |
| P/V | 4.49 | 4.40 | 4.77 | 4.57 | 4.01 | 2.93 | 1.04 | 0.72 | 0.57 | 1.58 |
| Margen Bruto | 29.9% | 35.8% | 34.4% | 34.1% | 40.2% | 42.6% | 41.0% | 49.0% | 48.0% | 54.6% |
| Margen Operativo | 3.1% | 17.4% | 17.6% | -12.8% | 23.7% | 24.6% | 15.9% | 25.0% | 28.0% | 16.8% |
| Margen Neto | -91.3% | -38.4% | -11.4% | -34.4% | -22.9% | -1.6% | -23.4% | -93.0% | -95.4% | 9.1% |