<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/Jumia-Image-07-1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/Jumia-Image-07-1.png"/></p>
<p>Jumia（JMIA）股价在过去几个月里呈现抛物线上升。在本月初接受 Benchmark 分析师的升级后，股价飙升至 14.38 美元的高点。今年以来已飙升超过 280%，超过了谷歌、亚马逊、AMD 甚至英伟达等知名华尔街公司。</p>
<p>Jumia 的涨势推动其市值超过 12 亿美元，巩固了其作为非洲最大电商公司的地位。它也成为全球顶尖电商公司之一。</p>
<h2>Jumia 在挑战中成长</h2>
<p>Jumia 是一家经常被称为非洲亚马逊的电商公司。它在尼日利亚、摩洛哥和肯尼亚等一些非洲国家运营电商平台。</p>
<p>该公司通过第三方卖家在网站上列出产品来赚钱。在此过程中，每当有人购买这些产品时，它都会抽成。</p>
<p>随着时间的推移，Jumia 在其平台上增加了其他产品和服务。它推出了一个物流平台，帮助卖家轻松进行交付。最近在尼日利亚和摩洛哥推出了现代化仓库。</p>
<p>Jumia 还通过 JumiaPay 进入支付行业，这是一个让用户在其网站上支付和订阅的解决方案。</p>
<p>该公司在过去几年经历了巨大挑战。首先，新冠疫情导致供应链问题影响了其业务。结果，其年收入从 2019 年的 1.795 亿美元下降到 2020 年的 1.594 亿美元。</p>
<p>其次，在一些国家经历了重大货币贬值。例如，尼日利亚奈拉兑美元的汇率从去年的不到 800 跌至 1500。</p>
<p>其他非洲货币也出现了贬值，导致通货膨胀和消费者支出疲软。这也使得公司难以将资金从非洲转移到总部所在的柏林。</p>
<h2>竞争加剧</h2>
<p>Jumia 面临的另一个重大挑战是非洲激烈的竞争。大多数大型超市品牌如 Shoprite、家乐福、Quickmart 和 Naivas 都已经拥抱电商，并且更加便利。</p>
<p>在肯尼亚，人们可以使用 Glovo 在任何超市购物，并在几分钟内收到产品。相比之下，Jumia 的交付往往需要至少一天。因此，这种竞争可能会打击其利润率。</p>
<p>更多竞争来自社交媒体平台如 Facebook 和 Instagram，许多卖家都在这些平台上专注销售。因此，人们更有可能从这些卖家那里购买，而不是从 Jumia 购买。</p>
<p>这一趋势在 Jumia 最近的财务业绩中得到体现，显示其活跃用户从一年前的 200 万下降至 190 万。用户数量的下降被订单数量的 1.9% 增长所抵消。Jumia 的季度收入从 2023 年第一季度的 4130 万美元增至 2024 年第一季度的 4890 万美元。</p>
<h2>Jumia 是一家烧钱公司</h2>
<p>与此同时，Jumia 是一家从未盈利的亏损公司。其税前亏损增长了 35.5%，达到 3960 万美元。2023 年，其年度亏损超过 1.04 亿美元。在其年度报告中，Jumia 指出：</p>
<p>“自 2012 年成立以来，我们在合并基础上从未盈利。我们在 2021 年亏损 2.269 亿美元，在 2022 年亏损 2.383 亿美元，在 2023 年亏损 1.042 亿美元。截至 2023 年 12 月 31 日，我们累计亏损 21 亿美元。”</p>
<p>值得一提的是，公司的杠杆自由现金流从 2022 年的负 152.6 万美元改善至 2023 年的负 4300 万美元。在上一季度，自由现金流流出 2000 万美元，较一年前的 610 万美元大幅增加。</p>
<p>关于 Jumia 的关键问题在于其估值。该公司现在的市值超过 12 亿美元，而年收入为 1.86 亿美元。分析师预计，其年收入将在今年保持不变的 1.86 亿美元。其持续亏损的趋势预计将持续数年。因此，很难证明这一估值的合理性。</p>
<h2>Jumia 股价分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/Jumia-stock.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/Jumia-stock.png"/></p>
<p>从日线图来看，我们可以看到 Jumia 股价于 7 月 16 日形成了一根十字星图案。在大多数情况下，这是市场上最熊市的图表模式之一。此外，相对强弱指数（RSI）和随机震荡指标已经超过超买水平。</p>
<p>Jumia 的股价一直显著高于 50 日和 100 日移动平均线。因此，我怀疑股价将在未来几天回落。一个值得关注的关键推动因素将是其定于 8 月 9 日发布的财报。</p>
<p>回落可能会导致股价跌至 10.43 美元的关键支撑水平，这是 6 月 13 日的最高点。</p>
<p>文章来源：Invezz</p>

JMIA

<p>Jumia 股价今年已经上涨超过 280%，但人们对其过高估值表示担忧。该公司面临诸如货币贬值、来自其他电商平台的竞争以及自身亏损状况等挑战。分析师们质疑该公司超过 12 亿美元的高市值以及其盈利能力。股价分析显示出一种熊市模式和超买水平。即将到来的 8 月 6 日将是一个关键的观察日期</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/Jumia-Image-07-1.png" alt="" original-src="https://invezz.com/wp-content/uploads/2024/07/Jumia-Image-07-1.png"/></p>
<p>Jumia (JMIA) stock price has gone parabolic in the past few months. It jumped to a high of $14.38 earlier this month after receiving an upgrade by a Benchmark analyst <strong>.</strong> It has soared by over 280% this year, beating popular Wall Street names like Google, Amazon, AMD, and even Nvidia.</p>
<div class="lb-trans"><p>Jumia（JMIA）股价在过去几个月里呈现抛物线上升。在本月初接受 Benchmark 分析师的升级后，股价飙升至 14.38 美元的高点。今年以来已飙升超过 280%，超过了谷歌、亚马逊、AMD 甚至英伟达等知名华尔街公司。</p>
</div><p>Jumia’s rally has helped to push its market cap to over $1.2 billion, solidifying its position as the biggest e-commerce company in Africa. It has also become one of the top e-commerce companies globally.</p>
<div class="lb-trans"><p>Jumia 的涨势推动其市值超过 12 亿美元，巩固了其作为非洲最大电商公司的地位。它也成为全球顶尖电商公司之一。</p>
</div><h2>Jumia is growing amid challenges</h2>
<div class="lb-trans"><h2>Jumia 在挑战中成长</h2>
</div><p>Jumia is an e-commerce company that is often said to be Africa’s answer to Amazon. It operates an e-commerce platform that is available in some African countries like Nigeria, Morocco, and Kenya.</p>
<div class="lb-trans"><p>Jumia 是一家经常被称为非洲亚马逊的电商公司。它在尼日利亚、摩洛哥和肯尼亚等一些非洲国家运营电商平台。</p>
</div><p>The company makes its money from third party sellers who list their products on the website. In this, it takes a cut whenever someone buys these products.</p>
<div class="lb-trans"><p>该公司通过第三方卖家在网站上列出产品来赚钱。在此过程中，每当有人购买这些产品时，它都会抽成。</p>
</div><p>Over time, Jumia has added other products and services in its platform. It launched a logistics platform where it helps sellers do their deliveries easily. It recently launched modern warehouses in Nigeria and Morocco.</p>
<div class="lb-trans"><p>随着时间的推移，Jumia 在其平台上增加了其他产品和服务。它推出了一个物流平台，帮助卖家轻松进行交付。最近在尼日利亚和摩洛哥推出了现代化仓库。</p>
</div><p>Jumia has also entered the payment industry through JumiaPay, a solution that lets users pay on its website and pay for subscriptions.</p>
<div class="lb-trans"><p>Jumia 还通过 JumiaPay 进入支付行业，这是一个让用户在其网站上支付和订阅的解决方案。</p>
</div><p>The company has gone through huge challenges in the past few years. First, the Covid-19 pandemic led to supply chain issues that affected its business. As a result, its annual revenue dropped from over $179.5 million in 2019 to $159.4 million in 2020.</p>
<div class="lb-trans"><p>该公司在过去几年经历了巨大挑战。首先，新冠疫情导致供应链问题影响了其业务。结果，其年收入从 2019 年的 1.795 亿美元下降到 2020 年的 1.594 亿美元。</p>
</div><p>Second, it is going through a significant currency devaluation in some countries. For example, the Nigerian naira has plunged to 1,500 against the US dollar from last year’s low of less than 800.</p>
<div class="lb-trans"><p>其次，在一些国家经历了重大货币贬值。例如，尼日利亚奈拉兑美元的汇率从去年的不到 800 跌至 1500。</p>
</div><p>Other African currencies have also retreated, leading to inflation and weak consumer spending. It has also made it difficult for the company to move money from Africa to Berlin, where it is headquartered.</p>
<div class="lb-trans"><p>其他非洲货币也出现了贬值，导致通货膨胀和消费者支出疲软。这也使得公司难以将资金从非洲转移到总部所在的柏林。</p>
</div><h2>Competition is rising</h2>
<div class="lb-trans"><h2>竞争加剧</h2>
</div><p>The other big challenge that Jumia is facing is the robust competition in Africa. Most big supermarket brands like Shoprite, Carrefour, Quickmart, and Naivas have embraced e-commerce and are more convenient.</p>
<div class="lb-trans"><p>Jumia 面临的另一个重大挑战是非洲激烈的竞争。大多数大型超市品牌如 Shoprite、家乐福、Quickmart 和 Naivas 都已经拥抱电商，并且更加便利。</p>
</div><p>In Kenya, people can use Glovo to shop at any supermarket and receive the products within a few minutes. In contrast, Jumia deliveries tend to take at least a day. Therefore, this competition will likely hit its profit margins.</p>
<div class="lb-trans"><p>在肯尼亚，人们可以使用 Glovo 在任何超市购物，并在几分钟内收到产品。相比之下，Jumia 的交付往往需要至少一天。因此，这种竞争可能会打击其利润率。</p>
</div><p>More competition is coming from social media platforms like Facebook and Instagram, where many sellers are focusing on. As such, people are more likely buying from these sellers instead of Jumia.</p>
<div class="lb-trans"><p>更多竞争来自社交媒体平台如 Facebook 和 Instagram，许多卖家都在这些平台上专注销售。因此，人们更有可能从这些卖家那里购买，而不是从 Jumia 购买。</p>
</div><p>This trend was seen in Jumia’s most recent financial results, which showed that its active customers dropped to 1.9 million from 2 million a year earlier. The drop in users was offset by a 1.9% increase in the number of orders. Jumia’s quarterly revenue rose from $41.3 million in Q1’23 to $48.9 million in Q1’24.</p>
<div class="lb-trans"><p>这一趋势在 Jumia 最近的财务业绩中得到体现，显示其活跃用户从一年前的 200 万下降至 190 万。用户数量的下降被订单数量的 1.9% 增长所抵消。Jumia 的季度收入从 2023 年第一季度的 4130 万美元增至 2024 年第一季度的 4890 万美元。</p>
</div><h2>Jumia is a cash incinerator</h2>
<div class="lb-trans"><h2>Jumia 是一家烧钱公司</h2>
</div><p>Meanwhile, Jumia is a loss-making company that has never turned a profit. Its loss before income tax rose by 35.5% to $39.6 million. In 2023, its annual loss stood at over $104 million. In its annual report, Jumia noted:</p>
<blockquote>
</blockquote>
<div class="lb-trans"><p>与此同时，Jumia 是一家从未盈利的亏损公司。其税前亏损增长了 35.5%，达到 3960 万美元。2023 年，其年度亏损超过 1.04 亿美元。在其年度报告中，Jumia 指出：</p>
</div><p>“Since we were founded in 2012, we have not been profitable on a consolidated basis. We incurred a loss for the year of $226.9 million in 2021 and a loss for the year of $238.3 million in 2022 and a loss for the year of $104.2 million in 2023. As of December 31, 2023, we had accumulated losses of $2.1 billion.”</p>
<div class="lb-trans"><p>“自 2012 年成立以来，我们在合并基础上从未盈利。我们在 2021 年亏损 2.269 亿美元，在 2022 年亏损 2.383 亿美元，在 2023 年亏损 1.042 亿美元。截至 2023 年 12 月 31 日，我们累计亏损 21 亿美元。”</p>
</div><p>On a positive sign, the company’s levered free cash flow improved from minus $152.6 in 2022 to minus $43 million in 2023. In the last quarter, the free cash outflow was $20 million, a big increase from $6.1 million a year earlier.</p>
<div class="lb-trans"><p>值得一提的是，公司的杠杆自由现金流从 2022 年的负 152.6 万美元改善至 2023 年的负 4300 万美元。在上一季度，自由现金流流出 2000 万美元，较一年前的 610 万美元大幅增加。</p>
</div><p>The key concern about Jumia is its valuation. The company now has a market cap of over $1.2 billion against annual revenues of $186 million. Analysts expect that its annual revenues will be flat at $186 million this year. Its loss-making trend is expected to go on for a few years. As such, it is hard to justify this valuation.</p>
<div class="lb-trans"><p>关于 Jumia 的关键问题在于其估值。该公司现在的市值超过 12 亿美元，而年收入为 1.86 亿美元。分析师预计，其年收入将在今年保持不变的 1.86 亿美元。其持续亏损的趋势预计将持续数年。因此，很难证明这一估值的合理性。</p>
</div><h2>Jumia stock price analysis</h2>
<div class="lb-trans"><h2>Jumia 股价分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/Jumia-stock.png" alt="" original-src="https://invezz.com/wp-content/uploads/2024/07/Jumia-stock.png"/></p>
<p>Turning to the daily chart, we see that the Jumia share price formed a doji pattern on July 16th. In most cases, this is one of the most bearish chart patterns in the market. Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have moved above the overbought level.</p>
<div class="lb-trans"><p>从日线图来看，我们可以看到 Jumia 股价于 7 月 16 日形成了一根十字星图案。在大多数情况下，这是市场上最熊市的图表模式之一。此外，相对强弱指数（RSI）和随机震荡指标已经超过超买水平。</p>
</div><p>Jumia has remained significantly above the 50-day and 100-day moving averages. Therefore, I suspect that the stock will retreat in the coming days. A key catalyst to watch will be its earnings report that is scheduled for August 9th.</p>
<div class="lb-trans"><p>Jumia 的股价一直显著高于 50 日和 100 日移动平均线。因此，我怀疑股价将在未来几天回落。一个值得关注的关键推动因素将是其定于 8 月 9 日发布的财报。</p>
</div><p>A retreat will likely see the stock drop to the key support level at $10.43, its highest point on June 13th.</p>
<div class="lb-trans"><p>回落可能会导致股价跌至 10.43 美元的关键支撑水平，这是 6 月 13 日的最高点。</p>
</div><p>The post Jumia stock price is overbought and overvalued: Aug 6 will be key appeared first on Invezz</p>
<div class="lb-trans"><p>文章来源：Invezz</p>
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Jumia 股票价格被高估且超买：8 月 6 日将是关键日期