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Jumia Technologies AG
(NYSE:JMIA)
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Rating:47Neutral
Price Target:
$6.50
▼(-20.34% Downside)
Action:Reiterated
Date:05/10/26
The score is held down primarily by weak financial performance (continued losses, negative free cash flow, and a thinner equity cushion). The earnings call provides a partial offset via reaffirmed high growth guidance and a stated path to breakeven, while technicals are neutral-to-mixed and valuation support is limited due to negative earnings and no dividend.
Positive Factors
Higher‑margin monetization
Growing ad and value‑added service revenue increases the share of higher‑margin revenue on the platform. Durable monetization from sellers improves unit economics, supports sustainable gross profit expansion and reduces dependence on low‑margin goods volumes over the medium term.
Negative Factors
Persistently negative profitability
Large negative net and operating margins indicate the company still needs material margin expansion and sustained revenue scale to reach profitability. Continued losses constrain retained earnings, limit reinvestment capacity, and make long‑term viability contingent on execution and cost discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Higher‑margin monetization
Growing ad and value‑added service revenue increases the share of higher‑margin revenue on the platform. Durable monetization from sellers improves unit economics, supports sustainable gross profit expansion and reduces dependence on low‑margin goods volumes over the medium term.
Read all positive factors
Jumia Technologies AG Key Performance Indicators (KPIs)
Any
Total Payment Volume
Measures the total value of payments processed through Jumia's platform, indicating the scale of transactions and the platform's growth in financial services.
Measures the total value of payments processed through Jumia's platform, indicating the scale of transactions and the platform's growth in financial services.
Data provided by:
The Fly
The FlyJumia Technologies AG (JMIA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$873.16M
Dividend YieldN/A
Average Volume (3M)2.57M
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue Growth31.78%
EPS GrowthN/A
CountryUS
Employees2,163
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-1.03
Shares Outstanding122,462,820
10 Day Avg. Volume1,911,627
30 Day Avg. Volume2,573,451
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)29.11
Price to Sales (P/S)4.05
P/FCF Ratio-14.54
Enterprise Value/Market Cap0.43
Enterprise Value/Revenue1.83
Enterprise Value/Gross Profit3.40
Enterprise Value/Ebitda-8.46
Forecast
1Y Price Target
$11.25Price Target Upside37.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.28
Revenue Forecast (FY)$240.09M
Jumia Technologies AG Business Overview & Revenue Model
Company Description
Jumia Technologies AG manages an extensive e-commerce ecosystem, serving a wide geographical footprint that encompasses West, North, East, and Southern Africa, along with Europe, the United Arab Emirates, and other global locations. The company's ...
How the Company Makes Money
Jumia primarily generates revenue from services associated with its e-commerce marketplace rather than mainly selling goods itself. Key revenue streams include: (1) Marketplace services: fees and commissions charged to third-party sellers for faci...
Jumia Technologies AG Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call balanced strong top‑line growth, expanding monetization and meaningful operating leverage against lingering losses, seasonal cash burn, and near‑term supply and macro headwinds (chip price pressure, fuel increases, and a localized demand shock in Ivory Coast). Management reiterated guidance and a clear path to adjusted EBITDA breakeven in Q4 '26 and full‑year profitability in 2027, highlighting ongoing structural cost reductions, AI‑driven efficiency and marketplace scaling. On net, the operational momentum (robust GMV, revenue, gross profit expansion, improved unit economics and country‑level outperformance) materially outweighs the short‑term negatives tied to macro disruptions and noncash FX swings.Positive Updates
Strong GMV and Order Growth
GMV grew 32% year‑over‑year (adjusted for perimeter effects); physical goods orders grew 31% year‑over‑year. Growth was broad‑based across core markets and categories, supporting the company’s marketplace flywheel.
Negative Updates
Adjusted EBITDA Still Negative and Full‑Year Loss Guidance
Adjusted EBITDA remained negative at $10.7M in Q1 and company expects adjusted EBITDA of negative $25M to negative $30M for full‑year 2026, i.e., continued losses before the planned breakeven in Q4.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong GMV and Order Growth
GMV grew 32% year‑over‑year (adjusted for perimeter effects); physical goods orders grew 31% year‑over‑year. Growth was broad‑based across core markets and categories, supporting the company’s marketplace flywheel.
Read all positive updates
Company Guidance
Jumia reaffirmed its full‑year 2026 outlook with GMV growth guided to 27–32% year‑over‑year (adjusted for perimeter effects) and adjusted EBITDA expected to be a loss of $25–30 million, while Q2 GMV is also guided to 27–32% YoY (adj). Management reiterated the strategic goal of achieving adjusted EBITDA breakeven and positive cash flow in Q4’26 and delivering full‑year profitability and positive cash flow in 2027. For context, Q1 showed momentum with GMV +32% YoY (adj), physical goods orders +31% YoY (adj), revenue $50.6M (+39% YoY), adjusted EBITDA loss of $10.7M, liquidity $62.6M (cash & equivalents $61.5M), and quarterly cash burn $15.3M; the team noted they will stop disclosing TPV/Jumia Payments gateway KPIs and flagged near‑term risks (≈20% entry‑level smartphone price increases, fuel/shipping and chip/CPU pressures) that the guidance already factors in.Jumia Technologies AG Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
34
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 203.19M | 188.88M | 167.49M | 186.40M | 203.30M | 167.62M |
| Gross Profit | 109.19M | 99.69M | 99.53M | 107.10M | 118.17M | 101.47M |
| EBITDA | -43.97M | -46.08M | -86.39M | -86.59M | -192.80M | -195.86M |
| Net Income | -62.55M | -61.53M | -99.09M | -104.16M | -238.23M | -226.87M |
Balance Sheet | ||||||
| Total Assets | 111.98M | 133.55M | 192.07M | 189.94M | 330.22M | 578.11M |
| Cash, Cash Equivalents and Short-Term Investments | 62.57M | 77.83M | 133.94M | 120.57M | 227.43M | 512.80M |
| Total Debt | 9.66M | 11.72M | 11.20M | 12.15M | 13.85M | 12.54M |
| Total Liabilities | 99.44M | 107.82M | 105.79M | 121.22M | 155.97M | 165.53M |
| Stockholders Equity | 13.07M | 26.27M | 86.79M | 69.23M | 174.72M | 413.04M |
Cash Flow | ||||||
| Free Cash Flow | -43.60M | -52.59M | -60.88M | -75.23M | -251.32M | -178.31M |
| Operating Cash Flow | -39.20M | -47.92M | -57.20M | -72.98M | -240.18M | -171.12M |
| Investing Cash Flow | 45.69M | 75.64M | -10.40M | 62.53M | 212.25M | -404.81M |
| Financing Cash Flow | -6.95M | -6.44M | 89.46M | -7.41M | -8.76M | 334.25M |
Jumia Technologies AG Technical Analysis
Negative
8.16
Price Trends
7.14
Negative
7.63
Negative
9.74
Negative
Market Momentum
-0.21
Positive
41.04
Neutral
9.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JMIA, the sentiment is Negative. The current price of 8.16 is above the 20-day moving average (MA) of 6.87, above the 50-day MA of 7.14, and below the 200-day MA of 9.74, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 41.04 is Neutral, neither overbought nor oversold. The STOCH value of 9.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JMIA.
Jumia Technologies AG Risk Analysis
Jumia Technologies AG disclosed 90 risk factors in its most recent earnings report. Jumia Technologies AG reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Our reliance on standardized contracts compounds risks if provisions are held void. Q4, 2025
Jumia Technologies AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $11.13B | 25.14 | 16.35% | ― | 11.84% | 14.91% | |
67 Neutral | $7.15B | 26.02 | -25.47% | ― | 1.78% | 75.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $3.72B | 12.44 | 18.85% | 3.10% | 30.50% | -13.32% | |
55 Neutral | $883.93M | -39.42 | -36.11% | ― | 10.25% | 70.25% | |
54 Neutral | $31.18B | -180.80 | -3.67% | ― | 13.10% | -163.64% | |
47 Neutral | $873.16M | -6.79 | -194.88% | ― | 31.78% | ― |
* Consumer Cyclical Sector Average
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Jumia Technologies AG Corporate Events
Jumia Refreshes Supervisory Board as Shareholders Back Profitability-Focused Strategy
May 26, 2026
Jumia Technologies AG, the pan-African e-commerce group listed on the NYSE, reported changes to its Supervisory Board following its Annual General Meeting held on May 15, 2026. The company continues to focus on leveraging its marketplace and logis...
Jumia Shareholders Back Governance, Capital Measures at May 15, 2026 AGM
May 18, 2026
Jumia Technologies AG reported the outcomes of its annual general meeting held on May 15, 2026, where shareholders overwhelmingly ratified the actions of the management and supervisory boards for the 2025 financial year and approved the 2025 compe...
Jumia Delivers Strong Q1 2026 Growth and Narrows Losses Amid Macro Headwinds
May 7, 2026
On May 7, 2026, Jumia Technologies AG reported its unaudited financial results for the quarter ended March 31, 2026, showing strong top-line momentum and improving unit economics. Revenue rose 39% year over year to $50.6 million, gross merchandise...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.