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Jumia Technologies Overview
My initial bearish thesis about Jumia Technologies AG (NYSE:JMIA) did not age well as the stock rallied by almost 82% over the last 12 months even despite today's massive around 50% intraday plunge after
Jumia Technologies Q2 Earnings: Still Overvalued Despite The Plunge
Summary
- Jumia Technologies stock rallied 82% in the last 12 months but plunged 50% intraday after a weak Q2 earnings release.
- Q2 revenue missed estimates, negative EBITDA, and operating cash flow, with deteriorating liquidity position and negative GMV dynamics.
- Despite a 50% drop, JMIA stock remains overvalued, with the macro environment looking unfavorable as key economies where Jumia operates are struggling.
I am a highly experienced Chief Financial Officer (CFO) with a strong background in the oilfield and real estate industries. With over a decade of experience in finance, I have led numerous complex due diligence efforts and M&A transactions, both domestically and internationally.In recent years, I have developed a keen interest in equity research and analysis of public companies. This interest has led me to render equity research services for a Dubai-based family office with over $20 million in assets under management (AUM). My expertise in finance allows me to provide valuable insights and recommendations to clients seeking to make informed investment decisions.I pride myself on my ability to analyze financial statements, evaluate market trends, and identify key drivers of growth in different industries. I am passionate about staying up-to-date on the latest developments and trends in the equity research industry, and I am always seeking to enhance my skills and knowledge through continuing education and professional development.
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