Jumia Technologies Dividends and Buybacks
Dividend criteria checks 0/6
Jumia Technologies does not have a record of paying a dividend.
Key information
n/a
Dividend yield
-0.0002%
Buyback Yield
| Total Shareholder Yield | -0.0002% |
| Future Dividend Yield | 0% |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | n/a |
Recent dividend and buyback updates
No updates
Recent updates
Analysis Article • Feb 06
Why We're Not Concerned Yet About Jumia Technologies AG's (NYSE:JMIA) 26% Share Price Plunge
Jumia Technologies AG ( NYSE:JMIA ) shareholders won't be pleased to see that the share price has had a very rough...Seeking Alpha • Dec 29
Jumia: Impressive Turnaround And Massive Upside Potential
Summary Jumia is leveraging its logistics network and local expertise to build a defensible e-commerce and fintech moat across Africa. Strategic pivots—focusing on affordable products, pickup stations, and core markets—have driven improved unit economics, customer retention, and cost reductions. Financial performance is accelerating: Q3 2025 revenue grew 25% YoY, fulfillment costs fell, and EBITDA losses narrowed, with management targeting profitability by 2027. JMIA remains high risk, but with a leaner model, no expected capital raises, and multi-bagger upside if execution and African macro conditions hold. Read the full article on Seeking AlphaAnalysis Article • Nov 15
Jumia Technologies AG (NYSE:JMIA) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
Jumia Technologies AG ( NYSE:JMIA ) shareholders are probably feeling a little disappointed, since its shares fell 2.6...Analysis Article • Oct 15
Jumia Technologies AG's (NYSE:JMIA) P/S Is Still On The Mark Following 26% Share Price Bounce
Despite an already strong run, Jumia Technologies AG ( NYSE:JMIA ) shares have been powering on, with a gain of 26% in...Analysis Article • Aug 16
Jumia Technologies AG (NYSE:JMIA) Stocks Shoot Up 71% But Its P/S Still Looks Reasonable
Despite an already strong run, Jumia Technologies AG ( NYSE:JMIA ) shares have been powering on, with a gain of 71% in...Analysis Article • Aug 13
Industry Analysts Just Upgraded Their Jumia Technologies AG (NYSE:JMIA) Revenue Forecasts By 13%
NYSE:JMIA 1 Year Share Price vs Fair Value Explore Jumia Technologies's Fair Values from the Community and select yours...Analysis Article • Jul 02
Jumia Technologies AG's (NYSE:JMIA) P/S Is Still On The Mark Following 40% Share Price Bounce
Jumia Technologies AG ( NYSE:JMIA ) shares have continued their recent momentum with a 40% gain in the last month...Analysis Article • Jun 11
Here's Why We're Watching Jumia Technologies' (NYSE:JMIA) Cash Burn Situation
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...Analysis Article • May 06
Jumia Technologies AG's (NYSE:JMIA) 39% Share Price Surge Not Quite Adding Up
Those holding Jumia Technologies AG ( NYSE:JMIA ) shares would be relieved that the share price has rebounded 39% in...
New Narrative • Mar 28
Upcountry Expansion And International Sourcing Will Unlock New Markets
Expanding into underserved regions through differentiated logistics could drive growth and increase revenue without raising fixed costs.Seeking Alpha • Feb 26
Jumia's Business Prospects: Personal Reflections And A Candid Conversation With The CEO
Summary Jumia Technologies has restructured for efficiency and growth, showing resilience in the African e-commerce market despite market skepticism and current low stock prices. CEO Francis Dufay highlights Jumia's strategic focus on customer experience, market efficiency, and logistics, leading to significant growth in orders and customer base. Jumia's competitive advantages include a robust distribution network and the ability to offer cash on delivery, positioning it well against competitors like Temu. Despite financial challenges, Jumia is on a path to profitability, with strong execution and improved financial guidance for 2025. Read the full article on Seeking AlphaAnalysis Article • Feb 21
Health Check: How Prudently Does Jumia Technologies (NYSE:JMIA) Use Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Dec 16
Jumia: Fading Macro Headwinds Offset By Rising Competition
Summary Jumia's Q3 results were mixed, with improving usage trends offset by currency headwinds and elevated expenses. Currency stabilization in Nigeria and Egypt is a positive, but inflation continues to pose a challenge. Jumia's exit from South Africa isn't meaningful from a financial perspective but highlights the threat of increasing competition. While Jumia's valuation may appear reasonable, the company needs to demonstrate a viable path to profitable growth in order to improve sentiment. Read the full article on Seeking AlphaSeeking Alpha • Nov 12
A Fresh Reset For Jumia Technologies
Summary Jumia's Q3 results showed mixed performance with positive growth in active customers and GMV but increased cash usage and EBITDA loss due to strategic investments. Warehouse consolidation and increased marketing spend temporarily raised costs but are expected to drive efficiency and growth in 2025. Expansion beyond major cities in Nigeria is promising, with upcountry orders growing 22%, highlighting Jumia's resilience in tough economic conditions. Despite current stock declines, Jumia's strong cash position and strategic groundwork set up 2025 as a critical "prove it" year, maintaining a strong buy rating. Read the full article on Seeking AlphaSeeking Alpha • Sep 24
Jumia Technologies: The Resilience Amidst Market Challenges Shows Its Strength
Summary I maintain a bullish stance on Jumia stock despite recent volatility, driven by strong micro-strategic initiatives and macroeconomic reforms in Nigeria and Egypt. Jumia's robust market share, increased supply efficiency, and successful marketing strategies are driving its growth, even amidst challenging economic conditions. The company is expanding beyond major cities, leveraging better infrastructure and marketing investments to tap into the untapped African e-commerce market. Currency devaluation and shrinking consumer spending in Nigeria and Egypt pose risks, but Jumia's cost management and strategic initiatives offer long-term growth potential. Read the full article on Seeking AlphaSeeking Alpha • Sep 10
Jumia: Currency Crises Creating Cloudy Outlook
Summary While Jumia's second quarter performance was poor, it appears to have been driven by currency instability in Egypt and Nigeria. Underlying trends in the business continue to look promising, with solid constant currency growth and an improving cost structure. Jumia's valuation is reasonable based on its growth prospects and improving profitability. This is overshadowed by currency risks and the growing risk of a global recession though. Read the full article on Seeking AlphaAnalysis Article • Aug 25
What You Can Learn From Jumia Technologies AG's (NYSE:JMIA) P/S After Its 60% Share Price Crash
Jumia Technologies AG ( NYSE:JMIA ) shareholders won't be pleased to see that the share price has had a very rough...Seeking Alpha • Jul 12
Validation For Jumia Technologies And Its Growth Trajectory
Summary Jumia Technologies investors have seen a 323% gain since November 2023, validating the company's pivot and future growth potential. Benchmark validated Jumia with a $14 price target and a 20% CAGR in African e-commerce through 2030, supporting Jumia's expansion beyond capital cities and new warehouses to meet growing demand. Jumia's focus on advanced customer service, including a new omnichannel solution, is improving key metrics and positioning the company as a modern e-commerce leader. Read the full article on Seeking AlphaAnalysis Article • Jul 11
Optimistic Investors Push Jumia Technologies AG (NYSE:JMIA) Shares Up 34% But Growth Is Lacking
Despite an already strong run, Jumia Technologies AG ( NYSE:JMIA ) shares have been powering on, with a gain of 34% in...Seeking Alpha • Jul 02
Jumia: Strong Stock Potential, Weakened By Macroeconomics
Summary Jumia is Africa's leading e-commerce platform, with $244 million in revenue and ~24 million active customers in 2023. The macroeconomics of Jumia's biggest market threatens its performance. Despite dominating the African e-commerce market, JMIA still has room for growth in terms of customer base and market expansion. The Company's financials show challenges, with high liabilities and macroeconomic issues affecting its performance, but it is taking steps in the right direction. Read the full article on Seeking AlphaAnalysis Article • Jun 17
We're Hopeful That Jumia Technologies (NYSE:JMIA) Will Use Its Cash Wisely
There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Jumia Technologies...Analysis Article • May 09
Jumia Technologies AG's (NYSE:JMIA) Shares Climb 25% But Its Business Is Yet to Catch Up
Despite an already strong run, Jumia Technologies AG ( NYSE:JMIA ) shares have been powering on, with a gain of 25% in...Seeking Alpha • May 08
Jumia Technologies: Improving Growth Prospects Could Drive The Stock Higher
Summary Jumia Technologies is on its way to building a sustainable business after a change in management, but the company still needs to prove it can generate profitable growth. High inflation rates, currency depreciation, and scarcity of supply in core markets are negatively impacting Jumia's business. A more stable macro environment should be supportive of JMIA's business going forward. I believe Jumia is fairly valued given the risks involved, but the stock could move higher if the company's fundamentals continue to improve, particularly if growth picks up. Read the full article on Seeking AlphaAnalysis Article • Mar 14
Jumia Technologies AG's (NYSE:JMIA) 120% Price Boost Is Out Of Tune With Revenues
Jumia Technologies AG ( NYSE:JMIA ) shareholders have had their patience rewarded with a 120% share price jump in the...Seeking Alpha • Feb 21
Jumia Technologies Delivers Proof Positive Of Its Strategic Evolution
Summary Jumia Technologies delivered strong Q4 2023 results, confirming the company's turnaround and sustainable growth. CEO Francis Dufay highlighted the deliberate efforts behind Jumia's sustained performance and the shift towards sustainable growth. Jumia provided broad and open guidance for the future, aiming to reduce losses, increase orders and GMV, and improve cash efficiency. Read the full article on Seeking AlphaSeeking Alpha • Jan 05
Jumia Excellent Progress; The Apex Of Change
Summary Jumia reported improved expenses and losses, with a 71% drop in quarterly cash burn and a 67% drop in adjusted EBITDA loss. The company is experiencing growth in GMV of physical goods, expansion into secondary cities and rural areas, and an increase in repurchase rates from new customers. Jumia's CEO, Francis Dufay, has a clear plan and is executing it well, leading to faith in the company's future. Read the full article on Seeking AlphaSeeking Alpha • Nov 21
Jumia Technologies: CEO Francis Dufay Discusses A Milestone Quarter
Summary Jumia Technologies improves guidance for 2023 EBITDA loss and achieves year-over-year growth in 5 countries. CEO Francis Dufay discusses reducing unit costs, the strategic importance of pickup stations, and dynamic marketing strategies. Jumia collaborates with Starlink for internet access and shows resilience in challenging macroeconomic environments. Read the full article on Seeking AlphaSeeking Alpha • Oct 23
Jumia: Challenging Prospects
Summary Jumia sees good progress on reducing losses and cash burn; however, this was largely driven by cuts to marketing expenses. Near-term outlook is unexciting due to macro challenges. Challenging medium-term growth prospects due to funding constraints and rising competition from strong players with considerable competitive advantages. Read the full article on Seeking AlphaSeeking Alpha • Aug 29
Jumia: Cutting Costs Won't Be Enough
Summary Jumia faces challenges due to high inflation and a restricted supply of goods, impacting consumer spending on its platform. Jumia is also pulling away from activities with questionable economics, negatively impacting growth. While Jumia's profitability has improved on the back of cost-cutting measures, a return to steady consumer growth is necessary for long-term success. Read the full article on Seeking AlphaSeeking Alpha • Aug 16
Jumia Technologies: I See Several Red Flags
Summary Jumia is a pan-African e-commerce platform operating in 11 African countries. Last quarter's earnings were very weak, with crucial revenue-driving metrics falling by more than a quarter each. The stock is overvalued based on my valuation analysis. Read the full article on Seeking AlphaAnalysis Article • Jul 13
Jumia Technologies AG's (NYSE:JMIA) Business Is Trailing The Industry But Its Shares Aren't
When close to half the companies in the Multiline Retail industry in the United States have price-to-sales ratios (or...Analysis Article • Jun 08
Will Jumia Technologies (NYSE:JMIA) Spend Its Cash Wisely?
We can readily understand why investors are attracted to unprofitable companies. For example, although...Seeking Alpha • Jun 03
CEO Francis Dufay Pivoting Jumia Amidst Challenging Macroeconomic Conditions
Summary Jumia Technologies is focusing on long-term growth strategies, including expanding into secondary cities in Africa and addressing pent-up demand for e-commerce. The company has achieved significant results in cost-cutting and efficiency improvements, despite challenges posed by global economic conditions. CEO Francis Dufay remains optimistic about the company's future, and investors should watch for the results of these strategic shifts to become evident in Jumia's financials. Read the full article on Seeking AlphaSeeking Alpha • Feb 24
Jumia: Questions Around Turnaround Linger, Runway May Only Last Several More Quarters
Summary Jumia is Africa's largest e-commerce company generating $1 billion in GMV (gross merchandise value). The company generated an operating loss of $227 million in 2022 and is now left with $228 million in cash & term deposits. Given the low market capitalization of around $350 million, another equity offering to fund its journey looks currently unlikely. The company is therefore planning drastic cost cuts, but we have doubts about the feasibility of the plan. Macro headwinds complicate the situation further. We rate the company a Strong Sell as long as macro conditions do not improve and the company does not show further tangible cost reduction results. The Thesis Jumia Technologies AG (JMIA) has made an operating loss of $227 million last year and is now left with only $228 million in cash & cash equivalents. In light of Africa's economic headwinds, we have questions around the feasibility of the new management's cost cutting program and deem the risk-reward ratio as unfavorable because of a real threat of running out of cash by 2024. About Jumia Jumia Technologies AG is an African e-commerce company operating in 11 markets across the whole continent. The company offers e-commerce services through a marketplace and first party sales, food delivery, logistics services as well as payment services through its fintech JumiaPay. The company is a generalist selling everything from small value categories such as groceries to big ticket items including appliances. The company generated around $1 billion in Gross Merchandise Value in 2022 and has around 8 million customers annually. Jumia is a former offspring of Rocket Internet, a serial start-up building company, and was co-founded by the two ex-McKinsey consultants who until recently led the company. Jumia got listed on the NYSE in 2019 and counted big names such as Mastercard (MA) among its investors (we couldn't find evidence during our research that Mastercard still holds stock in Jumia). It was long hailed as Africa's Amazon and Citron even labeled it as a generational investment opportunity. Jumia has been constantly loss-making and generated aggregate operating losses of around $1.2 billion since 2017. Since its founding, it burned through more than $1 billion in investor money. Jumia Technologies AG annual operating losses (Jumia Technologies AG financial reports) The company's share price chart looks like a rollercoaster - the stock lost 75% of its value since the IPO and more than 90% since its Covid-peak. Data by YCharts The never-ending losses have led to a shake-up and the removal of Jumia's founders & co-CEOs in November 2022. Francis Dufay, an internal nomination, has been appointed as acting-CEO (now confirmed to lead the company as CEO henceforth). The company recently announced a full year operating loss of $227 million. With its cash reserves dwindling to $228 million and another equity round highly unlikely, Dufay is forced to embark on a severe cost cutting exercise. Investors may therefore justifiably ask how much time the company has left. What is Jumia's remaining runway? The company targets significant cost savings for 2023 but expects to lose another $100-120 million on adjusted EBITDA basis for the full year. In particular, management plans to save $50 to $80 million in SG&A alone. The company provided the following guidance in its latest earnings release and earnings call: No significant changes in gross profit margins planned going forward (GP margin was around 13% of GMV in Q4 2022) Marketing & advertising costs to reach $30-40 million vs. $76 million in 2022 G&A to drop to $90-105 million vs. $122 million in 2022 No specific guidance on Tech & content costs and Fulfillment costs Jumia guidance for 2023 (Jumia Technologies AG investor relations) Jumia's guidance leaves us with some blank spots and question marks in particular with regards to expected GMV growth throughout 2023 and the two key cost buckets 'Fulfillment expenses' and 'Tech & content costs' as well as the phasing of the cost savings and the expected annualized cash burn in Q4. GMV Growth Our model assumes in 2023 a GMV drop of 10%, driven by a combination of unfavorable macro factors in Africa and Jumia scaling back some of its services and product categories. We further assume stable gross profit margins of 13.4% in 2023, as per management's expectations. Sales and advertising Management aims to reduce Sales and advertising costs to $30-40 million (~3-4% of GMV on a full-year basis). We therefore assume a drop from 6% of GMV in Q4 2022 to 3% of GMV by Q4 2023, leading to full-year S&A expenses of $37 million. G&A Management further aims to land full year G&A costs at around $100 million, but does not provide further details on phasing. We therefore plan in our model a successive decrease of quarterly costs from $37 million in Q4 2022 to $20 million by Q4 2023. This represents a drop of 46% on a y-o-y basis, which is massive. Such a trajectory would result in full year costs of $98 million, in line with guidance. Other cost buckets Adjusted EBITDA would hit the targeted loss of $100 under the following assumptions: A decline in quarterly tech & content costs from $14.5 million to $12.5 million A decline of fulfilment costs from 7.8% of GMV to 5.0% by Q4 2023 Jumia FY23 quarterly estimates (Author's estimates) If everything goes according to plan, according to our estimates Jumia's implicit plan is to end up with a quarterly cash burn in the range of $10-15 million by the end of 2023. With a projected $100 to 120 million left in liquid assets, this would give Jumia a runway of at least another 6 quarters before having to tap into equity markets or others sorts of funding in 2025. Et voilà, problem solved... Or not? Our concerns While the EBITDA-level guidance adds up under these assumptions, we have serious doubts about the feasibility and 'doability' of the plan. The guidance does not provide enough details and feels to us more like wishful thinking and reverse-engineering the numbers for the capital markets audience, rather than a bottom-up calculation. These are our particular concerns: 2023 fulfillment costs, Jumia's second biggest cost bucket, has been unaddressed. What worries us in particular is the drop of only 6% in fulfillment costs on a constant-currency-basis in Q4 2022 - considering that orders declined by 12%, it looks like Jumia's fulfillment costs per order actually went up in constant currency terms. However, in order to hit the full year guidance, Jumia heavily relies on a decrease of fulfillment costs by around 1/3, according to our estimates. Given the assumed 10% drop in GMV, costs per order would have to drop by 20% for the equation to balance. Secondly, as per Dufay's earnings call remark, Jumia wants to expand outside of big cities, which is likely going to increase average fulfillment costs per order due to the abysmal African infrastructure and high logistics costs for overground transport. We are scratching our heads as to how Jumia wants to achieve costs savings given all the information. Sales and marketing costs need to drop to around 3% of GMV by Q4 2023, which implies cutting those costs to 1/2 compared to Q4 2022, after it already declined from 9% of GMV in Q4 2021. The company would be effectively cutting S&A costs by 2/3 over a span of 2 years. While this cost category is fully under management's control, we have worries about the potential negative impact on GMV, given the high reliance of growing e-commerce companies on performance traffic and acquisition of new customers. The company is already facing significant macro headwinds while also shrinking its service offering, so reducing marketing spend may form another drag on customer acquisition and thus GMV growth and gross profits despite's managements assurances that hitherto marketing efforts were to a degree wasteful.Seeking Alpha • Feb 16
Jumia Technologies AG reports Q4 results; issues FY23 guidance
Jumia Technologies AG press release (NYSE:JMIA): Q4 Revenue of $66.5M (+7.3% Y/Y). In the fourth quarter of 2022, operating loss decreased by 41% Y/Y, reaching $49.8M and Adjusted EBITDA loss decreased by 30% year-over-year, reaching $49.2M. GMV was $283.1 million, down 14% year-over-year and flat on a constant currency basis. Quarterly Active Consumers amounted to 3.2 million for the fourth quarter of 2022, down 15% year-over-year. FY2023 Adjusted EBITDA loss expected to decrease by up to 50% vs FY2022. "We expect a sharp reduction in Adjusted EBITDA loss from $207 million in FY2022 down to $100-120 million in FY2023," commented Francis Dufay, CEO of JumiaSeeking Alpha • Feb 07
Jumia Technologies Breathes A New Life
Summary Despite the growth of e-commerce sites, JMIA had a terrible year marked by massive losses and a precipitous drop in stock price. The new management under the interim CEO has come up with a plan that will be viable to turn things around. The inflationary pressure in the global economy is a significant threat to their dream, and it will be a while before they achieve their goal, even if the strategy works. Investment Thesis Jumia Technologies (JMIA) runs an e-commerce platform in the West, North, East, South Africa, Europe, the UAE, and globally. After the initial wave of lockdowns caused by COVID-19, online shopping became a worldwide phenomenon. Due to the difficulty of reaching their clients in person, many stores found that selling online was their only option, hastening the rise of e-commerce. Despite the growth of e-commerce sites, JMIA had a terrible year marked by huge losses and a precipitous drop in stock price. Its stock price has tumbled by 45 percent in the past 12 months. The significant cash burn and what I'd term poor management are likely to blame for the terrible results. As a result of the company's poor showing, new leadership was installed, and the new CEO's top priority was increasing profits. It appears he has a well-thought-out strategy to increase the company's profits. While I have faith in the plan's eventual success, I think it will be quite some time before the firm realizes its goal. Cash Burn The company's 12-month cash burn was US$264 million in September 2022. Therefore, starting in September 2022, it had a financial runway of about 13 months. Analysts expect Jumia Technologies to achieve cash flow breakeven in three years. That means the corporation will either need to raise capital or slow its cash outflow. To show how significant this cash burn is, consider that the $264M is more than the company's highest annual revenue since 2017, which was $179.54M in 2020. Profitability Its significant cash outflow has resulted in dismal profitability for the business. The company's F-grade in profitability is based on the fact that, aside from its gross profit margin, all other profitability measures are substantially below the industry median. Seeking Alpha When looking at the company's substantial loss margins, it is easy to see why the new CEO has made it a top priority to turn the company around and make a profit. Management Change: A New Dawn? After a terrible performance, JMIA changed its top management, with Francis Dufay becoming the acting CEO. During the Q3 2022 transcript call, the new CEO emphasized profitability as a top priority and outlined detailed strategies for achieving this goal. Below is a brief biography of the new CEO before we get to the detailed plan to increase profits. Francis Dufay: Competence and Experience Since November 2022, Mr. Francis Dufay has been a member of the Management Board at Jumia Technologies AG and acting as its CEO since November 7, 2022. He has been CEO of Jumia Ivory Coast at Jumia Group Limited since April 2014 and was most recently EVP of Africa. Prior to joining Jumia, he worked for McKinsey & Company in Brussels, Belgium, from 2009 until 2014. During that time, he oversaw initiatives in Europe and Sub-Saharan Africa related to online shopping and retail and government and economic growth. He has an MBA in Marketing from Northwestern University [UK] - Kellogg School of Management, a master's in management from the Community of European Management Schools [CEMS] Masters in Management, and an MSc from HEC Paris Business School (France). Takeaways from His Bio Looking at his bio, a few major highlights pose optimism about his capability to turn things around. Below are my takeaway points from his bio: Competence: Francis is highly qualified, and I am confident he is the ideal candidate for this role due to his relevant academic qualifications in the industry in which Jumia works. Experience: Francis has worked in the field in various roles and locales, giving him a wealth of expertise that will serve him well in his current capacity. His exposure to other cultures also bodes well for the success of his endeavors. Profound familiarity with the company: He has more of a grasp on the company's inner workings now that he has worked here for some time. He understands its institutional makeup, cultural norms, and workings. It will be easier for him to turn things around than for someone new to the firm, who would have to learn and adapt to the company's way of doing things because he knows how the company has transitioned and evolved to where it is. CEO'S Roadmap To Profitability The interim CEO set forth a comprehensive strategy to improve financial performance. His strategy is outlined in the call's transcript for the third quarter of 2022. The path to profitability encompasses usage growth, cost discipline, monetization, and the development of JumiaPay.Analysis Article • Nov 23
We Think Jumia Technologies (NYSE:JMIA) Needs To Drive Business Growth Carefully
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...Seeking Alpha • Nov 07
Jumia Technologies names Francis Dufay as Acting CEO after Co-CEOs exit
Jumia Technologies' (NYSE:JMIA) Co-CEOs Jeremy Hodara and Sacha Poignonnec have stepped down with immediate effect, the e-commerce company announced Monday. The leadership change brings company's internal member Francis Dufay to take the helm in the role of Acting CEO. Dufay has been with Jumia since 2014 and has held multiple senior leadership roles including CEO of Ivory Coast and EVP Africa with responsibility for the group's e-commerce business across Africa, Jumia told. Group's CFO Antoine Maillet-Mezeray is now been promoted to Executive Vice President, Finance & Operations. "As we look ahead to the next chapter of Jumia's journey, we want to bring more focus to the core e-commerce business as part of a more simplified and efficient organization with stronger fundamentals and a clearer path to profitability," commented Chairman Jonathan Klein. The company plans to provide additional information in its Q3 earnings call scheduled for Nov. 17. JMIA shares are down 5.51% on Monday.Seeking Alpha • Oct 31
Jumia Technologies: Burn (Cash) Baby Burn
Summary Jumia is down 90% from its high. The company has a plan to reach profitability, but it's nowhere near enough. The outlook is bleak and the only option I see is liquidation or a takeover. Jumia Technologies (JMIA) is an African eCommerce company that flew high in light of the 2021 meme stock mania and has since crashed 90%. The company has a significant cash burn problem. I believe it could be headed toward bankruptcy, with the ability to refinance becoming harder in this environment and dilution not a viable option anymore at this valuation. Jumia performance (google) Operating in a growing industry Jumia operates in an attractive but challenging market. African E-Commerce is expected to grow at an 18% CAGR up to $72 billion in 2025. By then, 520 million people are expected to use eCommerce services or a 39.5% penetration. ECommerce is texted to reach a 3% penetration compared to offline commerce by then, significantly lagging the rest of the world and leaving a significant opportunity. African eCommerce market expectations (Statista) Although this leaves ample opportunity, we must acknowledge that Africa is a vast and diverse continent with thousands of languages spoken. Expanding into new countries isn't as simple as it sounds and involves a lot of costs, especially if you are fulfilling orders. Diversity in Africa (Medium (Jessica Innis)) What does Jumia do? Jumia has five main revenue streams: Fulfilment of orders for third-party sellers, commissions from third-party sellers, Marketing & Advertising services, Value-added services and first-party sales. Revenues have stagnated over the last four years, while most eCommerce companies saw exponential growth. Jumia revenue by segments (Authors model, Data from 10K) In 2022 revenue growth did pick up and revenues increased to over $200 million. Still, costs continued to rise, amounting to a Cash outflow of $254 million (keep in mind that FCF doesn't include the $37 million in stock-based compensation, which doesn't burn cash but dilutes the value each share represents in the company). Jumia Cash burn (Koyfin) We have to give management some credit for using the manic share prices in 2021 when the company traded at almost 50 times gross profit and raised cash. The company raised around $244 million in 2020 and $349 million in 2021, diluting shareholders by around 25% in total. The company currently has a market cap of $509 million and would have to dilute shareholders substantially to raise money. Jumia cash raised (Koyfin) Path to profitability The company's plan to reach profitability has six points: Continue to grow gross merchandise volume (GMV) by at least 15%. Accelerate monetization to increase gross profits by 27-44%. Reduce Sales & Advertising costs by 18-37% to $35-45m for H2 22. They see Q4 21 as the peak for losses at $70m adjusted EBITDA (I hate adjusting an already heavily adjusted number like EBITDA). They expect a YoY reduction of 12-29% in costs for H2 22 compared to H1 22. FY 22 guidance of Adjusted EBITDA loss between $200-220 million and a decreasing Adjusted EBITDA loss in FY 2023. I do not believe this is enough to turn this ship around. If we look at the data below, we can see that GMV grew by 34%, while Gross Profit only grew 23% and Operating loss increased by 43% for the quarter. The company made $33.1 million in gross profit and had already spent over 90% on fulfillment expenses. So basically, after just delivering the orders, the company was already losing money on their business without factoring in all the other costs. Especially G&A expenses stand out. The company spends a lot of stuff here just to run their business, $29.5 million without even including the $7.3 million in stock-based compensation. The company has had higher G&A costs in 17/18 quarters on record (the one quarter where gross profit was higher saw $27.26 million versus $26.17 million). I do not see how this business is working out. Jumia Constant Currency Data (Jumia Q2 presentation) Let's assume that they manage to curb costs by 40% each year, which I do not find realistic given their plan to "profitability" they would need to raise cash in 2024/2025 at the latest. According to gurufocus, Jumia has a cost of capital of 16.7%, so taking on debt is very expensive and issuing shares is likely not an option due to the small market cap compared to their expected losses.Seeking Alpha • Aug 16
Has Jumia Technologies Turned The Corner?
Cost reductions and reiterated revenue guidance provide signs that Jumia Technologies may have finally turned the corner. Growth underpinned by customer growth and increased order rates. With JMIA stock's valuation likely successfully testing rock bottom levels, 2023 may offer more upside surprises. It has been a minute since Jumia Technologies (JMIA) generated some sustained excitement following an earnings report. JMIA's second quarter earnings for 2022 included four key highlights: Tightened cost controls promising an end to growing quarterly losses Reiterated 2022 revenue guidance of $200M to $220M Strong growth in orders per active user Strong revenue growth While there were a few blemishes, such as slower sequential growth, on balance JMIA looks like it has turned the corner from an operational standpoint. In turn, the stock also looks like it has turned the corner after a long period of suffering. JMIA's price action looks like it has finally turned the corner. (Seeking Alpha) Jumia's Costs and Profits Jumia reported two surprises on the cost front. The company slashed sales and advertising expenses to 18% below the lower end of first half guidance of $50-55M. Tremendous spending in this area of the business was a big issue late last year. The stock has yet to recover from that news of heavy spending. Now, in the earnings conference call, management proclaimed "We are very much aware of the increased market focused on profitability, our strategy and business execution are very much aligned with that." Management's consistent reference to "discipline" and reduced costs was telling. The second surprise was a pullback in logistics expense which management described as "slowing down the phasing of logistics capacity expansion." This decision slashed full year capital expenditure ((CAPEX)) guidance from $15M to $25M down to $10M to $15M. During Q&A, management acknowledged that currency effects drove that guidance down given spending is in local currencies weakening against the U.S. dollar. While management called this a temporary reduction in line with operational flexibility, they reassured analysts that they will remain asset light. With lower costs and stable revenue guidance, Jumia now looks good to keep its promise of peak EBITDA losses. From the company's earnings presentation: Turned the corner on EBITDA losses? (Jumia Technologies Q2 2022 earnings presentation) Note that the company decided to report conservative EBITDA guidance for the year at -$200M to -$220M with year-over-year reductions starting in 2023. Gross profit margin also looks like it has turned the corner with the fastest growth in 5 quarters. Jumia expects the second half of the year to generate 27-44% year-over-year growth in gross profit. Again, from the earnings presentation: Turned the corner on gross profit growth? (Jumia Technologies Q2 2022 earnings presentation) Jumia also revealed that it has a hiring freeze in place that includes no backfills for departing leaders. This policy will hold G&A (general and administrative) expenses "relatively stable." Order and Revenue Growth Jumia turned the corner in marketplace revenue growth with the fastest rate in 7 quarters at 17% year-over-year. Marketing & advertising and value-added services were the primary drivers while fulfillment contracted slightly thanks to an increase in free next-day delivery. Jumia increased the share of packages delivered within 24 hours of ordering to 60% (no comparison provided). Management indicated that this shipping strategy supports "consumer adoption and repurchase." The diversifying "monetization engine" also makes the company less reliant on these fees. The improved consumer adoption and repurchase shows up in strong growth in orders per active customer now over 3 orders for the quarter and growing 8% year-over-year. These active consumers increased an impressive 25% year-over-year. Order rate growth and active user growth combined to drive orders up 35% year-over-year to 10.3M in Q2. The largest contributor to revenue growth remained first-party revenue with a whopping 95% year-over-year growth to $13.0M. Jumia attributed this growth to FMCG (Fast-moving Consumer Goods), particularly grocery. The company continues to shift its selling strategy toward "everyday product categories" and away from phones and electronics.Seeking Alpha • Aug 10
Jumia Technologies AG reports Q2 results
Jumia Technologies AG press release (NYSE:JMIA): Q2 Revenue of $57.3M (+42.5% Y/Y) beats by $5.29M. Shares +5.4% PM. Orders increased by 35% Y/Y; GMV increased by 21% Y/Y. "We believe we are now past the peak of quarterly Adjusted EBITDA losses reached in the fourth quarter of 2021 and intend to redouble our efforts to reach profitability, leveraging our strong business fundamentals. We intend to reduce Adjusted EBITDA losses starting from the second half of 2022 with a 12% to 29% decrease year-over-year. We are confident our consistent and disciplined execution will help us reach profitability and build an even stronger and more relevant platform." Outlook: We continue to expect GMV growth of at least 15% for FY2022; Gross profit to reach between $75M and $85M in the second half of 2022; the company expects to spend between $35M and $45M on Sales & Advertising in the second half of 2022; For FY2022, we continue to expect an Adjusted EBITDA loss of $200M to $220M. As a result, the company expects an Adjusted EBITDA loss of $87M to $107 million in the second half of 2022. For FY2023, Adjusted EBITDA loss to be lower than for FY2022. Capex guidance reduced from $15M-25M to $10M-15M as we slow down the phasing of logistics capacity expansion for FY2022.Analysis Article • Aug 06
We're Keeping An Eye On Jumia Technologies' (NYSE:JMIA) Cash Burn Rate
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Seeking Alpha • May 22
Jumia Technologies: Celebrating The 10-Year Anniversary With Plans For Future Profitability
A stock market unwilling to pay for risk and future potential has driven Jumia Technologies to a rock-bottom valuation. With a bettered stock and a 10-year anniversary, management chose a good time to pivot to a message about future profitability. Accelerating growth trends support Jumia's profit narrative, but declining average order volumes require ongoing acceleration in order growth and purchase frequency. Jumia Technologies plans to rely on consumer essentials to ride out macro headwinds.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Insufficient data to determine if JMIA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if JMIA's dividend payments have been increasing.
Dividend Yield vs Market
| Jumia Technologies Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (JMIA) | n/a |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Multiline Retail) | 1.3% |
| Analyst forecast (JMIA) (up to 3 years) | 0% |
Notable Dividend: Unable to evaluate JMIA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate JMIA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate JMIA's payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as JMIA has not reported any payouts.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 06:44 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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Industry and Sector Metrics
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Analyst Sources
Jumia Technologies AG is covered by 12 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.
| Analyst | Institution |
|---|---|
| Nirgunan Tiruchelvam | Aletheia Analyst Network Limited |
| Yanfang Jiang | Benchmark Company |
| James Bass | Berenberg |