Jumia

0.17 (3.20%)

NYSE:JMIA | Last traded on 11-15-2019 4:02 PM

Market Reaction

Offer Price

$14.50

Today Open Price

$5.37

Change Since IPO

Market Cap

$448.8M

Day High

$5.58

Day Low

$5.37

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Featured Analysis

Tiny company with no scale that is basically a start up. Jumia seems to follow the footsteps of the other major tech IPOs of 2019. The difference is that Jumia's revenues are not growing as fast as the others, and its profitability has only gotten worse over the past couple of years. It is overpriced, plain and simple- should be a round C of capital, not an instrument sold to the public.

Company Data

Location

Ikeja, Nigeria

Valuation

$1.1B

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Founded

2012

Total Shares Offered

76,383,247

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Employees

5,128

IPO Date

2019-04-12

Background Information

Jumia Technologies is an e-commerce platform that was started and has expanded in Africa, and it is beginning to diffuse to the rest of the world. They link the businesses with the consumers within their e-marketplace and provides shipping and payment services to facilitate the transactions between the parties. It is best described as the Amazon of Africa.

Financial Analysis

Years 2017 2018
Revenue growth -- 39%
Net profit margin -176%-129.77%
Valuation -- $1.1B
Revenue multiple -- 8.5x
Profit multiple ---6.5x

Financial Information

Income Statement (€M) 2017 2018
Revenue94131
Cost of goods sold6685
Gross profit2846
Pretax profit(154)(169)
Net income(165)(170)
Balance Sheet (€M) 2017 2018
Total current assets67135
Cash and cash equivalents30101
Total assets71142
Total current liabilities8492
Total liabilities8492
Total shareholder equity1350
Total liabilities and equity71142
Cash Flow Statement (€M) 20172018
Net cash flow from operating activities (117)(139)
Net cash from investing activities (3)(4)
Net cash from financing activities 122213
Net increase in cash and cash equivalents 271