|Bid||12.86 x 800|
|Ask||12.77 x 800|
|Day's Range||22.99 - 23.09|
|52 Week Range||11.30 - 49.77|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
With its core e-commerce business still racking up losses, Jumia is looking to its payments app for long-term revenue boosts.
(Bloomberg) -- Jumia Technologies AG’s plan to expand its online retail and trading platform in less developed parts of Africa has long had one significant challenge: A lack of formal addresses for deliveries.That may be about to change due to an agreement with Vivo Energy Plc, the London-listed owner of more than 2,100 Shell and Engen-branded service stations across the continent. Under the terms of the deal, the sites will be used as pick-up points for Jumia-bought goods and customers will be able to pay for them at the same time as buying gas.“We are constantly looking at how we can further adapt our technology to be a part of the local infrastructure and become more accessible to more customers,” said Boris Gbahoue, a marketing vice-president at Jumia. “The partnership with Vivo will enable Jumia to conveniently deliver products to current and new customers, including in remote areas.”Jumia, often referred to as Africa’s Amazon, was founded by French entrepreneurs Sacha Poignonnec and Jeremy Hodara in 2012 and now has more than 4 million customers. Operating in Nigeria and 13 other African markets, the Berlin-based company has to overcome challenges such as a lack of internet penetration, mapping and customers without bank accounts. For Vivo, the deal brings an opportunity to further expand its fast-growing non-fuels business.Both companies have sold shares in international markets over the past 18 months. Jumia has gained 35% since an initial public offering in New York in April and is worth $1.5 billion, while Vivo listed in London a year earlier and is worth about $1.9 billion.Their partnership will initially be rolled out in Kenya, Morocco, Senegal and Ivory Coast.To contact the reporter on this story: Loni Prinsloo in Johannesburg at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, John Bowker, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Every investor in Jumia Technologies AG (NYSE:JMIA) should be aware of the most powerful shareholder groups...
If you feel like there has been an avalanche of new companies hitting the market recently, you're not wrong. The IPO market is the hottest it’s been for years. Indeed, the second quarter saw 62 IPOs raise $25 billion, which according to Renaissance Capital represents the most active quarter by deal count in four years and the most capital raised in five years. However, from an investor perspective, not all these stocks make compelling investing opportunities. Many new stocks simply rallied too fast out the gate- and are now teetering towards overvalued territory (see, for example Beyond Meat (BYND), Rattler Midstream (RTLR) and Zoom Video Communications (ZM)). So which new stocks are worth a closer look? Here are three stocks that analysts believe have plenty of growth potential ahead and still good offer value for money: Jumia Technologies AG (JMIA)Welcome to Jumia, the first startup from Africa to list on a major global exchange. Africa's leading online shopping giant hit the markets in April this year. And the debut was a big success. According to Renaissance Capital, Jumia delivered a whopping 80.1% return from the $196 million IPO, making it one of the top 10 IPOs so far this year. In fact, Jumia, often referred to as the ‘Amazon of Africa’ also has another claim to fame. In 2016, the company became the first African startup unicorn, after a funding round from Goldman Sachs, AXA and MTN and others pushed its valuation past the $1 billion mark. Since the launch, the stock has faced a rocky road with April’s momentous climb quickly followed by a 38% plunge in May. The reason: a short seller report that rattled investors. Citron Research argued that Jumia represented the "worst abuse of the IPO system since the Chinese RTO fraud boom almost a decade ago." However encouraging earnings results prompted a wave of support from the Street, and the selloff seems to have ground to a halt. Shares are currently trading up 4% in the last month. Five-star Raymond James analyst Aaron Kessler upgraded Jumia from hold to buy post-earnings, with a price target of 36%. From current levels that suggests sizable upside potential of 36%. Indeed, Kessler believes Jumia is now trading at more attractive levels following the May pullback. The analyst explains: "Our investment thesis for Jumia is based on: 1) we expect robust eCommerce growth in Africa; 2) Jumia is the leading pan-African marketplace and has become a trusted brand with consumers and sellers; 3) we believe Jumia has significant potential beyond its core marketplaces including payments and other services (e.g. food delivery); 4) we expect 50%+ GMV growth and increasing revenue monetization; and 5) we expect scale efficiencies and improving monetization to drive significant EBITDA leverage."Similarly, Berenberg’s Sarah Simon told investors: “Strong first-quarter results confirm continued progress… For the first time ever, Jumia’s gross profit covered total fulfillment costs, having previously achieved this only in Nigeria.” Her $45 price target indicates upside potential of 70%. However Simon did add that given the company is so new to the markets “it is obviously not easy to take a firm view on what should be exactly the right price for this company.” Uber Technologies (UBER)One of the most hyped IPOs of 2019 turned out to be something of a flop. Uber had one of the largest IPOs of the last few months, raising a whopping $81 billion. However shares pulled back on the first day of trading from the IPO share price of $45 to just above $41. According to Renaissance Capital, the company succeeded in “having lost more cash than any IPO ever.” It took over a month from the IPO for Uber to start trading above its IPO price. Even now the stock continues to hover around $46. But that’s not to say its all doom and gloom for ridesharing service Uber. Quite the opposite. The stock boasts a ‘Strong Buy’ Street consensus with a top analyst price target of $55 (18% upside potential). And that’s just in the short term. It’s Uber’s long-term potential that really makes the company stand out from the crowd.“The ridesharing industry has become one of the most transformational growth sectors of the global consumer market over the past five years with Uber establishing itself as the clear 1 player and in our opinion is paving a similar road to what Amazon did to transform retail/ecommerce and Facebook did for social media” cheers Wedbush analyst Ygal Arounian.He has a $65 price target on the stock, for upside potential of 40%, and explains that “We believe SOTP [sum of the parts] is the best way to value Uber as saying it’s just a ridesharing platform would be undervaluing the value of the entire company which has the DNA to become a game changing consumer distribution ecosystem over the coming years.”Indeed, a core tenet of his Uber bull thesis is around the company’s ability to morph its unrivaled ridesharing platform into a broader consumer engine. That’s with Uber Eats and Uber Freight “just scratching the surface” of the full monetization potential that the company is set to demonstrate over the next decade. So watch this space. View Uber Price Target & Analyst Ratings Detail TransMedics Group (TMDX)TransMedics has the potential to make an enormous difference to the world of healthcare. The company, which specializes in transporting organs, hit the markets back in May with an IPO that grossed nearly $105 million. Since then, TMDX has soared from its IPO price of $16 to its current share price of $29. What’s exciting about TransMedics is that it transports organs in near-living conditions. One year ago the company won pre-market approval from the FDA for its OCS Lung transplant device for standard double-lung transplantation procedures, while in Europe the OCS Heart and OCS Lung devices are already on the market.Cowen & Co analyst Josh Jennings has a buy rating on TMDX with a bullish $40 price target (38% upside potential). He comments "TMDX's Organ Care System (OCS) is revolutionizing the organ preservation market from cold storage to warm ex-vivo perfusion.”The analyst believes Transmedics is “filling a unique white space in transplant medicine and creating an $8B market.” And with multiple clinical and operational catalysts on the horizon, he expects OCS adoption and utilization trends to soon hit an inflection point. Meanwhile JP Morgan’s Robbie Marcus calls the company’s organ transplant system ‘disruptive’ and forecasts a potential annual growth rate of 70% for TMDX over the next five years.Discover the latest buy ratings from the Street's best-performing analysts here
Jumia Food, a unit of New York-listed e-commerce platform Jumia Technologies is offering cheaper menu options in its African home market to attract lower income earners as it seeks to boost growth, the delivery company said. The platform, which delivers food and drink in 11 African countries, joins other international companies such as ride-hailing firm Uber and China's Huawei Technologies who are looking to grow their customer base on the continent beyond the middle class. Jumia became Africa's first unicorn - a private company with a $1 billion-plus valuation - to test the public market for a sub-Saharan tech firm when it listed in New York in April.
(Bloomberg Opinion) -- Investors in Softbank Group Corp. and Naspers Ltd. should see Rocket Internet SE as a cautionary tale.Chief Executive Officer Oliver Samwer is evaluating a plan to take the Berlin-based startup incubator and venture capital firm private, according to a report in Germany’s Manager Magazin. For Samwer and his brothers, who are the biggest shareholders, the move is a no-brainer. For investors, it’s a missed opportunity.The Samwers own about 43% of Rocket, which had a market capitalization of 3.7 billion euros ($4.2 billion) before the Manager Magazin report. But combining the book value of the 200 or so startups in which it has invested, its three publicly traded investments and its net cash, gives it a valuation closer to 4.7 billion euros. On that basis, it’s trading at a 21% discount.Rocket’s hefty pile of money would make a take private deal pretty straightforward: it was sitting on net cash of 3.1 billion euros in mid-May, according to a company presentation. Raising debt to fund a buyout should be straightforward.The missed opportunity for investors lies in the deployment of that capital, or rather, the failure to do so. Rocket has sold down its stakes in Delivery Hero SE, Jumia Technologies AG and HelloFresh SE in the past year. That generated significant returns, but not much else. Some of those proceeds funded a buyback program, but far more is sitting unused on the balance sheet. Samwer told shareholders earlier this month that Rocket has “more capital than ideas,” and investors are the poorer for it.If he’s right, then a management buyout makes some sense, since it would leave the private firm with a more manageable pile of cash to invest, and ease capital market scrutiny. But investors have every right to feel let down.The question is what offer they should be willing to accept. Were the brothers to pony up 30 euros a share, as Berenberg Bank analyst Sarah Simon proposed last month, that would be pretty much in line with a 4.7 billion-euro book value, and also represent a 21% premium to the average share price of the past 200 days. Yet it would still leave Rocket with net cash of more than 500 million euros to invest in future prospects. Shareholders should be loath to agree to any lower bid.If an offer materializes below that level, they should demand that the supervisory board return cash by other means. Normally they’d be clamoring for a new CEO, but the company’s ownership structure makes that difficult. Rocket’s situation shows how hard it can be to demonstrate the underlying value of loss-making but fast-growing startups to public investors. Naspers and Softbank are both evolving into publicly traded venture capital firms, and all three trade at a discount to the book value of their investments. The model still needs to be proven.To contact the author of this story: Alex Webb at firstname.lastname@example.orgTo contact the editor responsible for this story: Jennifer Ryan at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Jumia held its first post-IPO earnings call and weathered a short-sell assaultin May, with Wall Street showing confidence in the Pan-African e-commercecompany
Citron Research alleges discrepancies between a confidential investor presentation and the IPO filing from African e-commerce company Jumia.
BERLIN (Reuters) - The chief executive of German tech investor Rocket Internet on Wednesday said he felt very confident about African ecommmerce company Jumia, but he declined to comment directly on reports ...
DHL is expanding its DHL Africa eShop business to 9 additional markets,upping the presence of the global shipping company's e-commerce platform to 20African countries
Less than a month after Citron Research’s Andrew Left accused Jumia Technologies AG - ADR (NYSE: JMIA) of being an “obvious fraud,” Left doubled down on his bearish outlook for the stock on Tuesday, citing “indisputable evidence” the company is a fraud. Jumia is an African e-commerce company that has often been compared to Amazon.com, Inc. (NASDAQ: AMZN). On May 9, Left released his initial report on Jumia that was based on discrepancies between a “confidential investor presentation” from October 2018 and information Jumia provided to U.S. investors prior to its April IPO.
Uber Technologies and Beyond Meat are among new IPOs with interesting stock charts. But Pinterest and Lyft show why you shouldn't buy IPO stocks right away. Here's how to handle them.
San Francisco-based cloud computing startup soars 50 percent on the first day of trading, marking another strong tech IPO performance this year.
The fast-growing African e-commerce platform operator may have briefly impressed the market with its first quarterly report as a public company, but challenges remain across all aspects of its business.