Jumia is much cheaper than the market thinks ahead of its Q1 results

  • Jumia reports its Q1 21 results tomorrow. There could be a rally on the back of a strong performance

  • Jumia's EV/Sales is lower than some of its peers – it is trading at 3.45x against an EM e-commerce average of 5.8x

  • With its US$708mn net cash position, Jumia has much deeper pockets than its e-commerce and payments competitors; Buy

Jumia is much cheaper than the market thinks ahead of its Q1 results
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
10 May 2021
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