Flash Report /
Africa

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
Published byTellimer Research

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