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Jumia Technologies AG
(NYSE:JMIA)
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Rating:51Neutral
Price Target:
$7.00
▲(2.19% Upside)
Action:Reiterated
Date:08/18/26
JMIA’s score is held back primarily by weak financial fundamentals—ongoing losses, negative free cash flow, and a highly constrained balance sheet with very high leverage. The earnings call adds support due to improving operating momentum and reiterated profitability targets, but that is tempered by reduced GMV guidance and explicit liquidity/capital-raise needs. Technicals are mixed with longer-term downtrend still intact, and valuation is inconclusive due to negative earnings and no dividend yield provided.
Positive Factors
Marketplace Usage Growth
GMV, orders and active customers are all expanding at double-digit rates, indicating broadening marketplace engagement rather than reliance on a single metric. Higher activity increases the base for seller fees, logistics usage and payment monetization, supporting operating leverage as the platform scales.
Negative Factors
Persistent Unprofitability
Jumia remains materially loss-making, with negative operating and net margins despite improvement from prior years. Until scale and monetization translate into sustained profitability, the company has limited internally generated funding, leaving execution dependent on continued cost control and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Marketplace Usage Growth
GMV, orders and active customers are all expanding at double-digit rates, indicating broadening marketplace engagement rather than reliance on a single metric. Higher activity increases the base for seller fees, logistics usage and payment monetization, supporting operating leverage as the platform scales.
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
$862.01M
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)―
Beta (1Y)2.33
Revenue Growth27.37%
EPS Growth18.19%
CountryUS
Employees1,770
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.94
Shares Outstanding122,462,820
10 Day Avg. Volume1,307,908
30 Day Avg. Volume1,496,933
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 Cap0.97
Enterprise Value/Revenue4.01
Enterprise Value/Gross Profit7.24
Enterprise Value/Ebitda-19.59
Forecast
1Y Price Target
$12.00Price Target Upside75.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$231.05M
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 makes money by monetizing transactions and services on its e-commerce platform rather than mainly selling inventory itself (to the extent it operates as a marketplace). Key revenue streams include: (1) Marketplace revenue: fees and...
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
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
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 | 115.98M | 99.69M | 99.53M | 107.10M | 118.17M | 101.47M |
| EBITDA | -42.83M | -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 Technical Analysis
Positive
6.85
Price Trends
6.65
Positive
6.77
Positive
8.16
Negative
Market Momentum
>-0.01
Positive
50.84
Neutral
47.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JMIA, the sentiment is Positive. The current price of 6.85 is below the 20-day moving average (MA) of 7.05, above the 50-day MA of 6.65, and below the 200-day MA of 8.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.84 is Neutral, neither overbought nor oversold. The STOCH value of 47.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $10.24B | 23.29 | 17.63% | ― | 12.61% | 2.28% | |
66 Neutral | $6.68B | 34.33 | -17.67% | ― | 0.73% | 44.07% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $2.72B | 14.64 | 11.79% | 7.54% | 30.43% | -44.33% | |
52 Neutral | $24.77B | -31.74 | -18.84% | ― | 9.92% | -309.73% | |
51 Neutral | $862.01M | -7.38 | -304.73% | ― | 27.37% | 18.19% | |
48 Neutral | $285.00M | -12.15 | -37.30% | ― | 15.58% | 64.75% |
* Consumer Cyclical Sector Average
JMIA
Jumia Technologies AG
6.92
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-41.65%
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TDUP
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Jumia Technologies AG Corporate Events
Jumia Posts Q2 2026 Growth and Secures $50 Million IFC-Anchored Capital Raise
Aug 12, 2026
On August 12, 2026, Jumia Technologies AG reported second-quarter 2026 results showing revenue up 14% year-on-year to $52.0 million, GMV rising 20% to $216.3 million, and gross profit climbing 28% to $30.7 million. The company narrowed its adjuste...
Jumia Secures US$50 Million Equity Investment Led by IFC to Accelerate African Growth
Aug 12, 2026
On August 12, 2026, Jumia Technologies AG announced that it had entered into a subscription agreement with the International Finance Corporation and separate share purchase agreements with Axian and other investors for a US$50 million capital rais...
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.