Neutral
Seeking Alpha
19 days ago
After A Massive Rally, Jumia Needs Earnings To Catch Up
Jumia Technologies AG, the "Amazon for Africa," has surged 207% in six months, outpacing the S&P 500 significantly. JMIA's fundamentals are improving: revenue grew 25%, first-party sales jumped 54%, and cost efficiencies are driving down fulfillment expenses per order. Despite growth, JMIA trades at over 6x sales with negative EBITDA and limited cash, making its valuation appear fully priced after the recent rally.