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Helios Towers Plc (HTWS) Fair Value & Analysis

Communication Services · GB · Market cap 2.0B GBX · ISIN GB00BJVQC708

What is Helios Towers Plc really worth?

HT Helios Towers Plc HTWS · LSE
Price£2.04
Fair Value£0.6400
Upside−68.6%
Quality43/100

Below-average quality, and trading another 218% above our fair value of £0.6400.

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Strengths

Wide moat 69/100

Risks

!Expensive Growth (revenue 5y +16.1 %/yr)
!Thin margins · 4.6% net margin
!High debt · generates free cash flow
!Trails peers (4/12)
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range £0.4800 – £0.7900

Fair value as of: Aug 20, 2026

From 23 valuation models · updated 16 days ago

Fair value updated Aug 20, 2026, revised from £0.8600 to £0.6400 (−25.6%) since Aug 13, 2026. Share price +4.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (£0.7900). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

£2.45 £0.5900 Fair Value £0.6400 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range £0.5900 – £2.45 · fair‑value band £0.4800 – £0.7900 · the £2.04 price screens above the £0.6400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Helios Towers Plc (HTWS) currently trades at £2.04, while our model-based Fair Value estimate is £0.6400, implying the stock looks roughly 218.2% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of £1.31 per share, and 4 of the 21 models we run sit above the £2.04 price. Bear case: the Growth DCF group reads lowest at £0.1000, and 17 of the 21 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Helios Towers Plc generated revenue of £854M at a net margin of 4.6%. Revenue grew 8.4% year over year. It earns a return on equity of 70.2%. Net debt stands at £1.8B. Fundamentals as of Aug 20, 2026

Our scenario range runs from £0.4800 (bear case) to £0.7900 (bull case); at £2.04, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at −69%, HTWS screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly £0.0135 per share, which is 2.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence £0.2200 £1.30 77
Growth DCF £0.1000 £0.9800 75
5Y EBITDA Exit £1.33 £4.05 £7.57 70
All 23 models by family
DCF Models
FCF DCF best evidence £0.2200 £1.30 77
5Y Revenue Exit £0.0200 £1.31 £3.11 63
5Y EBITDA Exit £1.33 £4.05 £7.57 70
5Y P/E Exit £0.3000 68
10Y Revenue Exit £0.8600 £2.61 64
10Y EBITDA Exit £0.6100 £2.71 £6.07 61
10Y P/E Exit £0.4300 61
Earnings-Based
Graham-Dodd £0.2700 £1.31 £1.80 64
Lynch FV £0.3500 £0.5000 £0.6500 61
PEG = 1.0 £0.3500 £0.5000 £0.6500 57
EPV £0.1000 £0.3200 £0.5000 68
Multiples
P/E Multiple £0.6500 £0.8600 £1.08 63
P/S Multiple £0.5000 £0.6700 £0.8300 58
P/B Multiple £0.1000 £0.1400 £0.1700 55
EV/EBIT £2.05 £3.22 £4.39 64
EV/EBITDA £2.72 £4.12 £5.51 66
EV/Revenue £0.3400 £1.11 £1.88 49
Asset-Based
NCAV (Graham) £0.0200 £0.0300 £0.0400 54
Growth DCF
Growth DCF £0.1000 £0.9800 75
Rev-Margin DCF £0.0200 £1.26 £2.89 63
Economic Profit
Residual Income £0.1900 £0.3300 £6.82 58
ROIC Compounder £0.1300 £0.5600 £1.08 65
Growth Earnings
Growth-Adj P/E £0.5600 £0.8000 £1.03 68

Widest divergence: DCF Models (£1.31) versus Asset-Based (£0.0300). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 101.8
P/S ratio 4.67 P/E × margin
EPS (TTM) £0.0200 price ÷ EPS = P/E 101.8
Net margin 4.6% FY2025
Return on equity 70.2% TTM
Return on assets (EBIT) 7.1% avg 5y
More key figures
Profitability
Operating margin 37.8% TTM
Growth
Revenue (TTM) £854M TTM
Revenue growth (YoY) +8.4% 3y avg +15.9%
EPS growth (YoY) −91.9%
Balance sheet & cash flow
Free cash flow 92.5M GBX FY2025
Net debt 1.8B GBX FY2025 · ≈ 19.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 63

Profitability 41
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 52
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Helios Towers plc, an independent tower company, acquires, builds, and operates telecommunications towers. It offers colocation lease-up, build-to-suit, sale and leaseback, in-building, small cells/outdoor distributed antenna systems, and other managed services.

Full company description

Helios Towers plc, an independent tower company, acquires, builds, and operates telecommunications towers. It offers colocation lease-up, build-to-suit, sale and leaseback, in-building, small cells/outdoor distributed antenna systems, and other managed services. The company also provides passive infrastructure solutions, including site selection and preparation, maintenance, security, and power management; and engages in hosting active equipment, such as antennae. It operates a network of sites and tenancies in Tanzania, Senegal, Malawi, the Democratic Republic of Congo, Congo Brazzaville, South Africa, Ghana, Madagascar, and Oman. Helios Towers plc was founded in 2009 and is based in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Helios Towers Plc reported revenue of $872M in FY2025 versus $449M in FY2021, a compound +18.0%/yr. Reported net income was $40.0M in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
£872M
Latest YoY
+10.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Avg. revenue growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.3%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue +18.0%/yr
FY21 $449M
FY22 $561M
FY23 $721M
FY24 $792M
FY25 $872M
Net income
FY21 −$156M
FY22 −$171M
FY23 −$100M
FY24 $33.5M
FY25 $40.0M

HTWS screens 218% overvalued. Compare with China Mobile Limited →

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Cite: Fair Value Calculator (2026). "Helios Towers Plc Fair Value". https://www.fairvalue-calculator.com/stock/HTWS

Peer Group

Telecom Services · 248 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Bottom 25%
Fair Value upside −69% · Bottom 25%
Return on equity (TTM) 70% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) 38% · Top 25%
Revenue growth 8% · Above median
Debt / equity 42.29× · Higher than 75% of peers

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 101.8× · Pricier than 75% of peers
P/S (TTM) 3.14× · Pricier than 75% of peers
P/FCF 29.0× · Pricier than 75% of peers
EV/EBITDA 9.6× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 28
FUTURE42 · sector 16
PAST100 · sector 28
HEALTH0 · sector 89
DIVIDEND0 · sector 76

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥96.11 ¥109.88 +14%
T-Mobile US, Inc TMUS $177.75 $172.67 −3%
Verizon Communications Inc VZ $49.43 $64.43 +30%
AT&T Inc T $26.01 $43.97 +69%
Bharti Airtel Limited BHARTIARTL ₹1,935 ₹941.48 −51%
Comcast Corporation CMCSA $26.41 $95.42 +261%
China Telecom Corporation 601728 ¥6.43 ¥8.36 +30%
América Móvil, S.A. AMX $23.50 $39.45 +68%
Singapore Telecommunications Limited Z77 4.29 SGD 3.03 SGD −29%
Swisscom AG SCMN CHF 627.50 CHF 463.92 −26%

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Frequently asked questions

Is Helios Towers Plc (HTWS) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of £0.6400 versus a price of £2.04, about −69% upside (overvalued).
What is the fair value of HTWS?
Our model-based fair value for Helios Towers Plc is £0.6400 (as of Aug 20, 2026), built from audited fundamentals. The current price: £2.04.
What is the quality score of HTWS?
Helios Towers Plc has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Helios Towers Plc (HTWS)?
Helios Towers Plc reported trailing-twelve-month revenue of about £854M (latest available figure, as of Aug 20, 2026).
What is the net profit margin of HTWS?
The net profit margin of Helios Towers Plc is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
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