IHS Holding Valuation Under Scrutiny Amid 143% YTD Surge

IHS Holding (NYSE:IHS) has surged 143% year-to-date, driven by a strong tower portfolio and cash generation story. The stock's valuation is optimistic, with a narrative fair value of $9.63, which is higher than its current price of $7.75. However, the valuation case could unravel if sustained currency devaluation or customer concentration issues negatively affect reported growth, margins, and contract stability. Investors are reassessing the stock's potential, but it's essential to consider the risks involved before making any investment decisions.