IHS (IHS) vs VEON (VEON)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
VEON (VEON) has outperformed IHS (IHS) over the past year, gaining 54.9% versus a gain of 23.0%. Over five years, VEON leads with a +34.6% price change compared with -49.4% for IHS. VEON is the larger company by market cap ($5.29 billion vs $2.85 billion), about 1.9 times the size.
On valuation, VEON trades at a lower forward P/E (9.2x vs 15.3x for IHS). VEON converts more of its revenue into profit, with a net margin of 13.4% versus 9.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IHS | VEON |
|---|---|---|
| Share price | $8.43 | $76.81 |
| Market cap | $2.85B | $5.29B |
| 1-day change | -0.12% | -0.34% |
| YTD return | +13.14% | +46.60% |
| 1-year return | +23.03% | +54.91% |
| 5-year return | -49.43% | +34.62% |
| P/E ratio (TTM) | 5.37 | 97.23 |
| Forward P/E | 15.33 | 9.15 |
| EPS (TTM) | $1.57 | $0.79 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.58B | $4.40B |
| Revenue growth (YoY) | +3.59% | +9.87% |
| Net income (latest FY) | $143.60M | $591.00M |
| Gross margin | 55.41% | — |
| Operating margin | 51.92% | 32.71% |
| Net margin | 9.08% | 13.43% |
| 52-week high | $8.95 | $78.83 |
| 52-week low | $5.71 | $42.60 |
| Distance from 52-week high | -5.81% | -2.56% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | -5.10% | +13.10% |
| Average volume | 1.08M | 126.10K |
| Shares outstanding | 338.34M | 68.86M |
| Employees | 2,344 | 18,938 |
| Sector | Telecommunications | Telecommunications |
| Industry | Telecommunications Equipment | Telecommunications Equipment |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- VEON has outperformed IHS by 31.9 percentage points over the past year.
- VEON trades at a higher earnings multiple (97.2x vs 5.4x trailing P/E).
- VEON grew revenue faster in its latest fiscal year (+9.87% vs +3.59%).
About IHS
IHS stock →IHS Holding Limited, together with its subsidiaries, develops, owns, and operates shared communications infrastructure in Nigeria, Cameroon, Côte d'Ivoire, South Africa, and Zambia. The company offers colocation and lease amendment services, which allows customers to lease space on existing towers alongside current tenants, install additional equipment on a tower, and request for ancillary services; build-to-suit sites; in-building solutions and distributed antenna systems, which allows customers to lease space in secure locations within large building complexes, such as shopping malls, stadiums, and airports; non-intrusive small cell installation services on commercial premises, lampposts, and poles; fiber-to-the-tower connectivity services; rural telephony services; and managed services, including maintenance, security, and power supply services.
Telecommunications · Telecommunications Equipment · 2,344 employees
About VEON
VEON stock →VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan.
Telecommunications · Telecommunications Equipment · 18,938 employees
IHS vs VEON FAQ
Which is bigger, IHS or VEON?
VEON (VEON) is larger, with a market capitalization of $5.29B compared with $2.85B for IHS (IHS).
Which stock has performed better over the past year, IHS or VEON?
VEON returned +54.91% over the past 12 months, compared with +23.03% for IHS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IHS or VEON?
IHS has the lower trailing P/E at 5.4, versus 97.2 for VEON. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are IHS and VEON in the same industry?
Yes. Both are classified in the Telecommunications Equipment industry within the Telecommunications sector.