Jumia Technologies AG

DB:4JMA Stock Report

Market Cap: €1.5b

Jumia Technologies Valuation

Is 4JMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 4JMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Fair Value: 4JMA (€12.05) is trading above our estimate of fair value (€0.18)

Significantly Below Fair Value: 4JMA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4JMA?

Key metric: As 4JMA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 4JMA. This is calculated by dividing 4JMA's market cap by their current revenue.
What is 4JMA's PS Ratio?
PS Ratio9.8x
SalesUS$173.22m
Market CapUS$1.70b

Price to Sales Ratio vs Peers

How does 4JMA's PS Ratio compare to its peers?

The above table shows the PS ratio for 4JMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.3x
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier
0.6xn/a€44.3m
HBH HORNBACH Holding KGaA
0.2x2.62%€1.3b
CEC Ceconomy
0.09x1.35%€2.2b
HBM HORNBACH Baumarkt
0.4xn/a€2.2b
4JMA Jumia Technologies
9.8x20.16%€1.7b

Price-To-Sales vs Peers: 4JMA is expensive based on its Price-To-Sales Ratio (9.8x) compared to the peer average (0.3x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 4JMA's PS Ratio compare vs other companies in the European Multiline Retail Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
4JMA 9.8xIndustry Avg. 0.9xNo. of Companies4PS00.40.81.21.62+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 4JMA is expensive based on its Price-To-Sales Ratio (9.8x) compared to the European Multiline Retail industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is 4JMA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4JMA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.8x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: 4JMA is expensive based on its Price-To-Sales Ratio (9.8x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 4JMA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€12.05
€12.47
+3.51%
29.53%€15.46€6.37n/a4
Dec ’26€10.75
€11.64
+8.26%
32.90%€15.56€6.44n/a3
Nov ’26€9.52
€9.67
+1.62%
33.53%€12.92€6.43n/a2
Oct ’26€9.72
€9.55
-1.74%
32.60%€12.67€6.44n/a2
Sep ’26€7.34
€6.02
-17.96%
6.90%€6.44€5.61n/a2
Aug ’26€3.86
€3.31
-14.26%
27.30%€4.21€2.41n/a2
Jul ’26€3.72
€3.31
-11.03%
27.30%€4.21€2.41n/a2
Jun ’26€2.72
€3.31
+21.67%
27.30%€4.21€2.41n/a2
May ’26€2.07
€3.47
+67.75%
30.71%€4.54€2.41n/a2
Apr ’26€1.99
€3.47
+74.50%
30.71%€4.54€2.41n/a2
Mar ’26€2.44
€3.51
+44.00%
29.19%€4.54€2.49n/a2
Feb ’26€4.02
€3.65
-9.24%
31.56%€4.80€2.50n/a2
Jan ’26€3.76
€3.65
-2.98%
31.58%€4.80€2.50€9.702
€12.74
Fair Value
5.4% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/06 12:32
End of Day Share Price 2026/01/06 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Jumia Technologies AG is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nirgunan TiruchelvamAletheia Analyst Network Limited
Yanfang JiangBenchmark Company
James BassBerenberg