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Risks Still Elevated At These Prices As Jumia Technologies AG (NYSE:JMIA) Shares Dive 26%
Risks Still Elevated At These Prices As Jumia Technologies AG (NYSE:JMIA) Shares Dive 26%
Jumia Technologies AG (NYSE:JMIA) shares have retraced a considerable 26% in the last month, reversing a fair amount of their solid recent performance. Looking at the bigger picture, even after this poor month the stock is up 70% in the last year.
Although its price has dipped substantially, given close to half the companies operating in the United States' Multiline Retail industry have price-to-sales ratios (or "P/S") below 0.9x, you may still consider Jumia Technologies as a stock to potentially avoid with its 2.8x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it's justified.
How Jumia Technologies Has Been Performing
Jumia Technologies could be doing better as its revenue has been going backwards lately while most other companies have been seeing positive revenue growth. Perhaps the market is expecting the poor revenue to reverse, justifying it's current high P/S.. However, if this isn't the case, investors might get caught out paying too much for the stock.
Keen to find out how analysts think Jumia Technologies' future stacks up against the industry? In that case, our free report is a great place to start.What Are Revenue Growth Metrics Telling Us About The High P/S?
There's an inherent assumption that a company should outperform the industry for P/S ratios like Jumia Technologies' to be considered reasonable.
In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 8.3%. This has soured the latest three-year period, which nevertheless managed to deliver a decent 17% overall rise in revenue. Although it's been a bumpy ride, it's still fair to say the revenue growth recently has been mostly respectable for the company.
Looking ahead now, revenue is anticipated to climb by 4.4% per annum during the coming three years according to the dual analysts following the company. With the industry predicted to deliver 13% growth per annum, the company is positioned for a weaker revenue result.
With this in consideration, we believe it doesn't make sense that Jumia Technologies' P/S is outpacing its industry peers. Apparently many investors in the company are way more bullish than analysts indicate and aren't willing to let go of their stock at any price. There's a good chance these shareholders are setting themselves up for future disappointment if the P/S falls to levels more in line with the growth outlook.
What We Can Learn From Jumia Technologies' P/S?
Despite the recent share price weakness, Jumia Technologies' P/S remains higher than most other companies in the industry. We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.
Despite analysts forecasting some poorer-than-industry revenue growth figures for Jumia Technologies, this doesn't appear to be impacting the P/S in the slightest. The weakness in the company's revenue estimate doesn't bode well for the elevated P/S, which could take a fall if the revenue sentiment doesn't improve. Unless these conditions improve markedly, it's very challenging to accept these prices as being reasonable.
It's always necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Jumia Technologies (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
If strong companies turning a profit tickle your fancy, then you'll want to check out this free list of interesting companies that trade on a low P/E (but have proven they can grow earnings).
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Jumia Technologies AG(纽约证券交易所代码:JMIA)的股价在上个月大幅回落了26%,扭转了近期的稳健表现。从大局来看,即使在这个糟糕的月份之后,该股去年仍上涨了70%。
尽管其价格已大幅下跌,但鉴于在美国多线零售行业运营的公司中有近一半的市销比(或 “市销率”)低于0.9倍,您仍然可以将Jumia Technologies视为可能避开的股票,其市销率为2.8倍。但是,市销率之高可能是有原因的,需要进一步调查以确定其是否合理。
Jumia Technologies的表现如何
Jumia Technologies可能会做得更好,因为其收入最近一直在倒退,而大多数其他公司的收入却出现了正增长。也许市场预计收入不佳的情况将逆转,这证明了目前的高市销率是合理的。但是,如果不是这样,投资者可能会陷入为股票支付过多费用的困境。
想了解分析师如何看待Jumia Technologies的未来与该行业的对立吗?在这种情况下,我们的免费报告是一个很好的起点。收入增长指标告诉我们高市销率有哪些?
人们固有的假设是,如果像Jumia Technologies这样的市销率被认为是合理的,公司的表现应该优于该行业。
在回顾去年的财务状况时,我们沮丧地看到该公司的收入下降至8.3%。这使最近的三年期恶化,尽管如此,总收入仍实现了17%的可观增长。尽管这是一个坎坷的旅程,但可以公平地说,该公司最近的收入增长基本上是可观的。
根据关注该公司的双重分析师的说法,展望未来,预计未来三年收入将每年增长4.4%。预计该行业每年将实现13%的增长,因此该公司的收入业绩将疲软。
考虑到这一点,我们认为Jumia Technologies的市销率超过业内同行是没有意义的。显然,该公司的许多投资者比分析师所表示的要看涨得多,他们不愿意以任何价格抛售股票。如果市销售率降至更符合增长前景的水平,这些股东很有可能为未来的失望做好准备。
我们可以从Jumia Technologies的市销率中学到什么?
尽管最近股价疲软,但Jumia Technologies的市销率仍然高于业内大多数其他公司。我们可以说,市销比率的力量主要不是作为一种估值工具,而是用来衡量当前的投资者情绪和未来预期。
尽管分析师预测Jumia Technologies的收入增长数据将低于行业,但这似乎丝毫没有影响市销率。公司收入估计的疲软对于市销率的上升来说并不是一个好兆头,如果收入情绪没有改善,市销率可能会下降。除非这些条件显著改善,否则要接受这些合理的价格是非常困难的。
始终有必要考虑永远存在的投资风险幽灵。我们已经在Jumia Technologies发现了两个警告信号(至少有一个有点不愉快),了解这些信号应该是你投资过程的一部分。
如果你喜欢实力雄厚的公司盈利,那么你会想看看这份以低市盈率(但已证明可以增加收益)的有趣公司的免费名单。
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。
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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
风险及免责提示
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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