Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionJumia Technologies AG American Depositary Shares each representing two Ordinary Shares (JMIA)
Fair value
Not available
ACCE price target
$5.50
Rating
Not rated
Horizon
12 months
ACCE price target published on 13 Oct 2026, 00:00 CEST.
Price used: $5.70 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
28
out of 100
Analysts
100% buy
5 covering
1-year return
-46.7%
Dividend yield
0.00%
Jumia Technologies AG American Depositary Shares each representing two Ordinary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Jumia runs e-commerce marketplaces and a logistics network across Africa, selling electronics, fashion, groceries and beauty products through its own platform and a growing third-party seller base. Its moat is thin: it is a first-mover in fragmented markets with limited payments infrastructure and uneven last-mile delivery, and the company is still spending heavily to build the logistics and fintech layers that would make that position defensible. Revenue grew 13.9% in the latest period, but operating margin of -23.8% and a return on equity of -216.2% show the business has not yet reached operating breakeven, and the 0.0 P/E reflects losses rather than a cheap multiple. The stock scores 28/100 on our model and sits outside every index we track, which limits passive demand and makes liquidity a constraint for any position. A deeper look is worth it only if the gross margin of 56.3% can be shown to be converting into operating leverage as the logistics network matures.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Cash burn despite losses
Free cash flow is -$52.6M with operating margin at -23.8% and net margin at -27.5%. Revenue growth of 13.9% is not translating into cash generation.
moderate
Earnings flat year over year
Earnings growth is 0.0% against revenue growth of 13.9%, and the 5-year revenue CAGR is -0.7%. Top-line expansion has not been durable over the longer period.
moderate
Score down 11 points in 90 days
The ACCE score fell from 39 to 28 over 90 days, with the value (16) and momentum (17) components weakest. The price sits 3.6% above the ACCE price target of $5.50.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 13.9% year over year, showing the business is still expanding its sales.
All five analysts rate the stock Buy or Strong Buy, and their mean price target sits 98.0% above the current share price.
Debt is modest against equity, with debt to equity at 0.45, so the balance sheet is not stretched by borrowing.
Why it could disappoint
Free cash flow over the last twelve months was negative at -$53M, so the business is burning cash rather than generating it.
Net margin is -27.5% and return on equity is -216.2%, meaning the company loses money on both sales and shareholder capital.
Five-year average revenue growth is -0.7% per year, so the recent 13.9% rise follows a longer stretch of shrinking sales.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 11, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where JMIA's valuation models land
Price
$5.70
Model fair valueConfidence: low
about $7.34
Model
Fair value
Upside
Analyst consensus
Sales comps
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
+Quarter-over-quarter institutional position changes
+Every insider and Congress trade, with how late it was disclosed
+Active 13D activist filings and top holders
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Where it sits vs peers
News and Record
Recent performance
1 week
-2.2%
1 month
-17.9%
3 months
-2.7%
6 months
-20.2%
YTD
-54.4%
1 year
-46.7%
SEC filings
Recommendation history, last 12 months
Date
Type
New
Previous
Price
13 Oct 2026, 00:00 CEST
ACCE price target
$5.50
first publication
$6.28
Price
-47.6% · 1Y
Ask anything about JMIA
Answered from Jumia Technologies AG American Depositary Shares each representing two Ordinary Shares fundamentals + recent valuations. Every number shows its source and date.
This stock Peer Peer median weaker → stronger
ROEbetter than 17% of peers
low -636%-216%high 15%
Div yieldbetter than 83% of peers
low 0.0%0.0%high 2.6%
Peers
Prices Oct 23, 2026
Company
Price
Fair value
vs fair value
P/E
ROE
Quality
Score
JMIAJumia Technologies AG American Depositary Shares each representing two Ordinary Shares