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Jumia Technologies AG
(NYSE:JMIA)
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Rating:47Neutral
Price Target:
$6.00
▲(2.39% Upside)
Action:Reiterated
Date:08/10/26
The score is held down primarily by weak financial performance—ongoing operating losses, negative free cash flow, and a thinner equity cushion. The earnings call provides the main offset, with reaffirmed growth guidance and improving operating leverage supporting a credible turnaround narrative, while technicals remain below key moving averages and valuation metrics are constrained by negative earnings and no provided dividend yield.
Positive Factors
Sustained GMV and Revenue Growth with Healthy Unit Economics
Broad, double‑digit GMV and revenue growth alongside a ~54% gross margin indicate the core marketplace model scales with favorable unit economics. Durable top‑line momentum across markets supports continued seller onboarding and margin sustainability as volumes grow.
Negative Factors
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flow means the business still relies on external capital to fund operations. Over multiple quarters this erodes financial flexibility, raises dilution/refinancing risk, and constrains the firm's ability to self‑fund growth or absorb shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained GMV and Revenue Growth with Healthy Unit Economics
Broad, double‑digit GMV and revenue growth alongside a ~54% gross margin indicate the core marketplace model scales with favorable unit economics. Durable top‑line momentum across markets supports continued seller onboarding and margin sustainability as volumes grow.
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
$776.06M
Dividend YieldN/A
Average Volume (3M)1.65M
Price to Earnings (P/E)―
Beta (1Y)2.49
Revenue Growth27.37%
EPS Growth18.19%
CountryUS
Employees1,980
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.94
Shares Outstanding122,462,820
10 Day Avg. Volume1,790,104
30 Day Avg. Volume1,654,556
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$10.88Price Target Upside85.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$227.28M
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:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call emphasized meaningful progress toward profitability with strong usage, monetization and operating leverage: GMV +23% (adj.), gross profit +28%, adjusted EBITDA loss narrowed 36% and high‑growth advertising/warehousing revenue lines. These positive trends were offset by material near‑term headwinds — supply shortages in phones/electronics, temporary fuel surcharges, a demand shock in Ivory Coast, and a reduction in liquidity that prompted a $50M capital raise. Management maintained adjusted EBITDA and cash‑flow targets (breakeven in Q4'26) while moderating GMV guidance. On balance, the operational and profitability momentum outweighs the transitory external challenges.Positive Updates
GMV and Usage Growth
Gross merchandise value (GMV) grew 23% year‑over‑year (adjusted for perimeter effects). Physical goods orders rose 28% YoY and quarterly active customers increased 23% YoY (adjusted for perimeter effects), demonstrating continued platform usage momentum.
Negative Updates
Supply Disruptions in Phones and Electronics
Entry‑level smartphone and electronics supply was materially disrupted by memory chip and CPU shortages and Gulf air freight disruptions; these weighed heavily on higher‑value categories and materially reduced GMV in those segments.
Read all updates
Q2-2026 Updates
Positive
Negative
GMV and Usage Growth
Gross merchandise value (GMV) grew 23% year‑over‑year (adjusted for perimeter effects). Physical goods orders rose 28% YoY and quarterly active customers increased 23% YoY (adjusted for perimeter effects), demonstrating continued platform usage momentum.
Read all positive updates
Company Guidance
Jumia updated 2026 guidance: full‑year GMV growth is now expected to be 20–30% year‑over‑year (adjusted for perimeter effects) with adjusted EBITDA forecast at negative $25M to negative $30M; Q3 GMV is guided to grow 15–25% YoY (adj.), and management reaffirmed its target to reach adjusted‑EBITDA breakeven and positive cash flow in Q4’26 and to deliver full‑year adjusted‑EBITDA profitability and positive cash flow in 2027. Management said the adjusted‑EBITDA and cash‑flow targets remain unchanged despite a lower GMV outlook, will modestly increase working capital in Q3 to capture supply opportunities and invest in fulfillment/marketing, and is pursuing a $50M capital raise (anchored by a $25M IFC investment) to strengthen the balance sheet.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 | 209.46M | 188.88M | 167.49M | 186.40M | 203.30M | 167.62M |
| Gross Profit | 113.95M | 99.69M | 99.53M | 107.10M | 118.17M | 101.47M |
| EBITDA | -43.80M | -46.08M | -86.39M | -86.59M | -192.80M | -195.86M |
| Net Income | -57.68M | -61.53M | -99.09M | -104.16M | -238.23M | -226.87M |
Balance Sheet | ||||||
| Total Assets | 108.16M | 133.55M | 192.07M | 189.94M | 330.22M | 578.11M |
| Cash, Cash Equivalents and Short-Term Investments | 48.28M | 77.83M | 133.94M | 120.57M | 227.43M | 512.80M |
| Total Debt | 13.93M | 11.72M | 11.20M | 12.15M | 13.85M | 12.54M |
| Total Liabilities | 107.79M | 107.82M | 105.79M | 121.22M | 155.97M | 165.53M |
| Stockholders Equity | 888.00K | 26.27M | 86.79M | 69.23M | 174.72M | 413.04M |
Cash Flow | ||||||
| Free Cash Flow | -42.52M | -52.59M | -60.88M | -75.23M | -251.32M | -178.31M |
| Operating Cash Flow | -37.88M | -47.92M | -57.20M | -72.98M | -240.18M | -171.12M |
| Investing Cash Flow | -1.39M | 75.64M | -10.40M | 62.53M | 212.25M | -404.81M |
| Financing Cash Flow | -7.10M | -6.44M | 89.46M | -7.41M | -8.76M | 334.25M |
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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $11.32B | 25.73 | 17.63% | ― | 12.61% | 2.28% | |
66 Neutral | $7.33B | 37.69 | -17.67% | ― | 0.73% | 44.07% | |
64 Neutral | $3.66B | 12.04 | 18.85% | 5.35% | 30.50% | -13.32% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $403.20M | -17.19 | -37.30% | ― | 15.58% | 64.75% | |
52 Neutral | $28.98B | -37.13 | -18.84% | ― | 9.92% | -309.73% | |
47 Neutral | $776.06M | -6.65 | -194.88% | ― | 27.37% | 18.19% |
* 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...
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.