Demonstrações financeiras detalhadas de IHS Holding Limited (IHS): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
IHS Holding Limited registou receitas de $1.58B no último exercício, com um CAGR de 5 anos de 2.4%.
Margens dos últimos 12 meses: margem bruta 52.3%, margem operacional 33.4%, margem líquida 9.1%. O fluxo de caixa livre cresceu a CAGR de 0.6% em 5 anos.
Ao preço atual de $8.42, IHS negocia a um P/L de 20.54 e um ROE de -74.58%. A capitalização de mercado é de $2.8B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $905.6M | $1.11B | $1.17B | $1.23B | $1.40B | $1.58B | $1.96B | $2.13B | $1.71B | $1.58B |
| Custo da Receita | $634.7M | $710.8M | $766.7M | $811.0M | $838.4M | $907.4M | $1.16B | $1.08B | $890.5M | $717.8M |
| Lucro Bruto | $270.9M | $396.2M | $401.4M | $420.1M | $564.7M | $672.3M | $804.3M | $1.04B | $820.7M | $864.2M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $244.1M | $203.2M | $125.2M | $495.0M | $180.2M | $241.8M | $286.8M | $421.4M | $302.5M | $657.9M |
| Despesas Operacionais | $1.20B | $595.6M | $181.3M | $577.2M | $232.8M | $284.0M | $492.1M | $510.2M | $341.5M | $598.1M |
| Lucro Operacional | $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 |
| Despesas com Juros | 0 | 0 | $186.3M | $209.9M | $209.6M | $216.8M | $320.6M | $437.4M | $443.6M | $317.3M |
| Lucro Antes de Impostos | -$1.12B | -$396.4M | -$86.0M | -$410.0M | -$152.9M | -$8.1M | -$544.0M | -$1.88B | -$1.61B | $690.8M |
| Imposto | -$176.3M | $25.1M | $46.7M | $13.5M | $169.8M | $18.0M | -$75.0M | $107.5M | $34.0M | $86.4M |
| Lucro Líquido | -$826.4M | -$425.4M | -$132.8M | -$423.5M | -$322.0M | -$25.8M | -$459.0M | -$1.98B | -$1.63B | $143.6M |
| LPA | $-3.45 | $-1.48 | $-0.40 | $-1.28 | $-0.98 | $-0.08 | $-1.42 | $-5.93 | $-4.90 | $0.43 |
| LPA Diluído | $-3.45 | $-1.48 | $-0.40 | $-1.28 | $-0.98 | $-0.08 | $-1.42 | $-5.93 | $-4.90 | $0.42 |
| Ações em Circulação (Diluídas) | $239.4M | $286.6M | $328.1M | $330.8M | $330.8M | $327.8M | $331.0M | $333.2M | $333.1M | $341.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $455.1M | $254.0M | $415.4M | $428.6M |
| Lucro Bruto | $216.1M | $157.6M | $231.3M | $207.1M |
| Lucro Operacional | $159.9M | $155.9M | $119.9M | $82.8M |
| EBITDA | $283.2M | $486.7M | $255.5M | $165.1M |
| Lucro Líquido | $151.0M | -$75.9M | $75.8M | -$8.8M |
| LPA | $0.44 | $-0.23 | $0.23 | $-0.03 |
| LPA Diluído | $0.44 | $-0.23 | $0.22 | $-0.03 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $476.1M | $646.2M | $633.5M | $898.8M | $585.4M | $916.5M | $514.1M | $293.8M | $578.0M | $825.7M |
| Investimentos de Curto Prazo | 0 | $5000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $182.8M | $135.0M | $187.7M | $262.9M | $309.1M | $431.1M | $664.6M | $580.6M | $300.3M | $170.9M |
| Estoque | $32.2M | $24.9M | $21.5M | $48.7M | $49.2M | $42.0M | $74.2M | $40.6M | $30.7M | $42.1M |
| Ativos Circulantes | $811.7M | $1.08B | $964.3M | $1.22B | $989.3M | $1.43B | $1.25B | $972.6M | $924.3M | $2.50B |
| Imobilizado | $1.71B | $1.55B | $1.53B | $1.91B | $1.91B | $2.28B | $3.04B | $2.63B | $2.05B | $1.19B |
| Ágio | $611.0M | $552.3M | $530.7M | $518.1M | $656.3M | $779.9M | $763.4M | $619.3M | $403.2M | $262.7M |
| Ativos Intangíveis | $597.4M | $513.3M | $478.8M | $449.6M | $690.8M | $845.7M | $1.05B | $933.0M | $674.0M | $288.9M |
| Ativos Totais | $4.05B | $4.00B | $3.82B | $4.16B | $4.45B | $5.54B | $6.32B | $5.36B | $4.28B | $4.49B |
| Contas a Pagar | $185.6M | $238.0M | $281.3M | $338.4M | $301.8M | $342.8M | $443.0M | $330.6M | $232.9M | $148.4M |
| Dívida de Curto Prazo | $99.0M | $113.6M | $187.4M | $122.0M | $214.4M | $207.6M | $438.1M | $454.2M | $128.7M | $356.4M |
| Passivos Circulantes | $373.2M | $429.8M | $573.5M | $566.5M | $683.6M | $830.6M | $1.27B | $1.22B | $693.6M | $1.20B |
| Dívida de Longo Prazo | $1.90B | $1.87B | $1.71B | $1.95B | $2.02B | $2.40B | $2.91B | $3.06B | $3.22B | $2.84B |
| Passivos Totais | $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 |
| Patrimônio Líquido | $1.42B | $1.47B | $1.33B | $1.43B | $1.21B | $1.52B | $1.13B | $109.8M | -$454.6M | -$251.3M |
| Dívida Total | $2.00B | $1.98B | $1.90B | $2.24B | $2.52B | $2.99B | $3.95B | $4.11B | $3.90B | $3.51B |
| Dívida Líquida | $1.53B | $1.33B | $1.26B | $1.34B | $1.93B | $2.07B | $3.44B | $3.82B | $3.32B | $2.68B |
| Capital de Giro | $438.4M | $648.3M | $390.8M | $657.2M | $305.7M | $599.8M | -$13.5M | -$249.3M | $230.7M | $1.30B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $647.6M | $825.7M | $940.5M | $1.07B |
| Ativos Totais | $4.68B | $4.49B | $4.67B | $4.36B |
| Passivos Totais | $4.65B | $4.58B | $4.69B | $4.54B |
| Patrimônio Líquido | -$135.8M | -$251.3M | -$193.3M | -$181.7M |
| Dívida Total | $3.90B | $3.51B | $3.50B | $3.49B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$826.4M | -$425.4M | -$86.0M | -$410.0M | -$152.9M | -$8.1M | -$544.0M | -$1.88B | -$1.61B | $621.2M |
| Depreciação e Amortização | $270.0M | $324.1M | $317.3M | $384.5M | $408.7M | $382.9M | $468.9M | $435.6M | $362.7M | $381.7M |
| Compensação em Ações | $88.2M | -$27.4M | -$5.1M | $351.1M | $8.3M | $11.8M | $13.3M | $13.4M | $27.9M | 0 |
| Variação Capital de Giro | -$95.5M | -$91.9M | -$67.1M | -$18.1M | -$157.8M | -$69.8M | -$46.2M | -$225.0M | -$158.7M | $13.2M |
| Fluxo de Caixa Operacional | $415.5M | $456.1M | $462.3M | $641.9M | $635.3M | $750.2M | $907.3M | $853.5M | $729.3M | $669.5M |
| CapEx | -$592.4M | -$248.6M | -$378.0M | -$258.3M | -$229.2M | -$402.5M | -$559.4M | -$598.8M | -$269.0M | -$252.0M |
| Aquisições | -$219.7M | $54000 | $1.9M | $2.4M | -$542.9M | -$401.0M | -$735.7M | -$4.5M | $119.0M | $171.8M |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$10.0M | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$176.9M | $207.5M | $84.3M | $383.7M | $406.1M | $347.7M | $347.9M | $254.7M | $460.3M | $417.5M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $251.3M | $170.4M | $205.7M | $150.0M |
| CapEx | -$74.4M | -$83.0M | -$46.4M | -$37.8M |
| Fluxo de Caixa Livre | $176.9M | $87.4M | $159.3M | $112.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $6.0M | 0 | 0 | $57.6M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +22.2% | +5.5% | +5.4% | +14.0% | +12.6% | +24.2% | +8.4% | -19.5% | -7.6% |
| Crescimento Lucro Líquido (anual) | | +48.5% | +68.8% | -219.0% | +24.0% | +92.0% | -1676.9% | -330.6% | +17.4% | +108.8% |
| Crescimento LPA (anual) | | +57.1% | +73.0% | -220.0% | +23.4% | +91.9% | -1681.7% | -317.6% | +17.4% | +108.8% |
| Variação de Ações (anual) | | +19.7% | +14.5% | +0.8% | +0.0% | -0.9% | +1.0% | +0.7% | -0.0% | +2.6% |
| Crescimento FCF (anual) | | +217.3% | -59.4% | +355.2% | +5.8% | -14.4% | +0.1% | -26.8% | +80.7% | -9.3% |
| Margem Bruta | 29.9% | 35.8% | 34.4% | 34.1% | 40.2% | 42.6% | 41.0% | 49.0% | 48.0% | 54.6% |
| Margem Operacional | 3.1% | 17.4% | 17.6% | -12.8% | 23.7% | 24.6% | 15.9% | 25.0% | 28.0% | 16.8% |
| Margem EBITDA | 32.9% | 46.7% | 35.9% | 15.1% | 33.4% | 37.4% | 12.9% | -47.0% | -46.4% | 87.9% |
| Margem Líquida | -91.3% | -38.4% | -11.4% | -34.4% | -22.9% | -1.6% | -23.4% | -93.0% | -95.4% | 9.1% |
| Margem FCF | -19.5% | 18.7% | 7.2% | 31.2% | 28.9% | 22.0% | 17.7% | 12.0% | 26.9% | 26.4% |
| Taxa Efetiva de Imposto | 15.8% | -6.3% | -54.3% | -3.3% | -111.1% | -220.9% | 13.8% | -5.7% | -2.1% | 12.5% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.74 | $0.72 | $0.26 | $1.16 | $1.23 | $1.06 | $1.05 | $0.76 | $1.38 | $1.22 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $239.4M | $286.6M | $328.1M | $330.8M | $330.8M | $327.8M | $331.0M | $333.2M | $333.1M | $335.0M |
O que olhar em empresas de Communication Services
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -74.58% |
| Retorno sobre capital investido | 12.52% |
| Retorno sobre ativos | 3.26% |
| Margem bruta | 52.29% |
| Margem operacional | 33.38% |
| Margem líquida | 9.15% |
Saúde financeira
| Dívida / Patrimônio | -19.21 |
| Liquidez corrente | 1.93 |
| Piotroski F-Score | 7 |
| Altman Z-Score | -0.90 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -4.93 | -11.49 | -42.50 | -13.28 | -17.35 | -176.91 | -4.33 | -0.78 | -0.60 | 17.35 |
| P/VP | 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 |
| Margem Bruta | 29.9% | 35.8% | 34.4% | 34.1% | 40.2% | 42.6% | 41.0% | 49.0% | 48.0% | 54.6% |
| Margem Operacional | 3.1% | 17.4% | 17.6% | -12.8% | 23.7% | 24.6% | 15.9% | 25.0% | 28.0% | 16.8% |
| Margem Líquida | -91.3% | -38.4% | -11.4% | -34.4% | -22.9% | -1.6% | -23.4% | -93.0% | -95.4% | 9.1% |