(JMIA) Jumia Technologies - Overview
Stock: Marketplace, Logistics Payments
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 95.8% |
| Relative Tail Risk | -15.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.61 |
| Alpha | 167.84 |
| Character TTM | |
|---|---|
| Beta | 2.172 |
| Beta Downside | 2.456 |
| Drawdowns 3y | |
|---|---|
| Max DD | 88.12% |
| CAGR/Max DD | 0.54 |
Description: JMIA Jumia Technologies January 26, 2026
Jumia Technologies AG (NYSE: JMIA) runs a multi-segment e-commerce ecosystem across sub-Saharan Africa, North Africa, the UAE and Europe. Its core components are a marketplace that links millions of sellers to consumers, a logistics arm that handles last-mile delivery, and JumiaPay, a payment network built on licensed providers. The platform sells a broad catalog-including electronics, fashion, FMCG, and digital services such as utility bill payment and airtime top-up-through retailers, distributors and corporate buyers. The company, incorporated in 2012 and headquartered in Berlin, rebranded from Africa Internet Holding GmbH in January 2019.
As of the most recent FY 2024 filing (released March 2025), Jumia reported GMV of $1.32 billion, a 19 % YoY increase, driven largely by a 22 % rise in active customers to 28 million. Take-rate (gross merchandise value ÷ revenue) held at 5.5 %, yielding net revenue of $72 million. Cash burn narrowed to $55 million, reflecting a 30 % reduction in logistics cost per package after expanding its own fulfillment network. Macro-level, African internet penetration grew to 57 % in 2024 (World Bank), and the continent’s e-commerce market is projected to expand at a 15 % CAGR through 2028, underpinned by rising middle-class disposable income and improving road/rail infrastructure.
For a deeper, data-driven assessment of JMIA’s valuation sensitivities, you may find the ValueRay platform useful.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -70.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.54 > 0.02 and ΔFCF/TA -34.64 > 1.0 |
| NWC/Revenue: 11.65% < 20% (prev 52.57%; Δ -40.91% < -1%) |
| CFO/TA -0.50 > 3% & CFO -72.7m > Net Income -70.8m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (122.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 52.82% > 18% (prev 0.61%; Δ 5221 % > 0.5%) |
| Asset Turnover: 94.52% > 50% (prev 75.81%; Δ 18.70% > 0%) |
| Interest Coverage Ratio: -11.44 > 6 (EBITDA TTM -87.6m / Interest Expense TTM 8.37m) |
Altman Z'' -15.00
| A: 0.14 (Total Current Assets 119.6m - Total Current Liabilities 99.4m) / Total Assets 144.3m |
| B: -15.39 (Retained Earnings -2.22b / Total Assets 144.3m) |
| C: -0.52 (EBIT TTM -95.7m / Avg Total Assets 183.3m) |
| D: -16.07 (Book Value of Equity -1.76b / Total Liabilities 109.3m) |
| Altman-Z'' Score: -69.64 = D |
Beneish M -2.43
| DSRI: 1.15 (Receivables 23.2m/19.6m, Revenue 173.2m/168.5m) |
| GMI: 1.16 (GM 52.82% / 61.16%) |
| AQI: 1.49 (AQ_t 0.04 / AQ_t-1 0.03) |
| SGI: 1.03 (Revenue 173.2m / 168.5m) |
| TATA: 0.01 (NI -70.8m - CFO -72.7m) / TA 144.3m) |
| Beneish M-Score: -2.43 (Cap -4..+1) = BBB |
What is the price of JMIA shares?
Over the past week, the price has changed by -10.92%, over one month by -15.95%, over three months by +14.85% and over the past year by +195.53%.
Is JMIA a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the JMIA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11.3 | -5.1% |
| Analysts Target Price | 11.3 | -5.1% |
| ValueRay Target Price | 12 | 0.7% |
JMIA Fundamental Data Overview February 03, 2026
P/B = 47.5564
Revenue TTM = 173.2m USD
EBIT TTM = -95.7m USD
EBITDA TTM = -87.6m USD
Long Term Debt = 8.12m USD (from longTermDebt, two quarters ago)
Short Term Debt = 4.31m USD (from shortTermDebt, last quarter)
Debt = 12.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -69.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.16b USD (1.23b + Debt 12.5m - CCE 82.5m)
Interest Coverage Ratio = -11.44 (Ebit TTM -95.7m / Interest Expense TTM 8.37m)
EV/FCF = -14.99x (Enterprise Value 1.16b / FCF TTM -77.6m)
FCF Yield = -6.67% (FCF TTM -77.6m / Enterprise Value 1.16b)
FCF Margin = -44.79% (FCF TTM -77.6m / Revenue TTM 173.2m)
Net Margin = -40.86% (Net Income TTM -70.8m / Revenue TTM 173.2m)
Gross Margin = 52.82% ((Revenue TTM 173.2m - Cost of Revenue TTM 81.7m) / Revenue TTM)
Gross Margin QoQ = 52.11% (prev 52.45%)
Tobins Q-Ratio = 8.06 (Enterprise Value 1.16b / Total Assets 144.3m)
Interest Expense / Debt = 11.49% (Interest Expense 1.44m / Debt 12.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = -75.6m (EBIT -95.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.20 (Total Current Assets 119.6m / Total Current Liabilities 99.4m)
Debt / Equity = 0.35 (Debt 12.5m / totalStockholderEquity, last quarter 35.5m)
Debt / EBITDA = 0.79 (negative EBITDA) (Net Debt -69.0m / EBITDA -87.6m)
Debt / FCF = 0.89 (negative FCF - burning cash) (Net Debt -69.0m / FCF TTM -77.6m)
Total Stockholder Equity = 61.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -38.62% (Net Income -70.8m / Total Assets 144.3m)
RoE = -115.7% (Net Income TTM -70.8m / Total Stockholder Equity 61.2m)
RoCE = -138.1% (out of range, set to none) (EBIT -95.7m / Capital Employed (Equity 61.2m + L.T.Debt 8.12m))
RoIC = -112.2% (out of range, set to none) (NOPAT -75.6m / Invested Capital 67.4m)
WACC = 13.87% (E(1.23b)/V(1.25b) * Re(13.92%) + D(12.5m)/V(1.25b) * Rd(11.49%) * (1-Tc(0.21)))
Discount Rate = 13.92% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 10.04%
Fair Price DCF = unknown (Cash Flow -77.6m)
EPS Correlation: 75.93 | EPS CAGR: 161.6% | SUE: 0.85 | # QB: 1
Revenue Correlation: -60.78 | Revenue CAGR: -7.87% | SUE: 0.34 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.17 | Chg30d=+0.001 | Revisions Net=+1 | Growth EPS=+30.4% | Growth Revenue=+21.7%