• Triton

What’s up with Jumia?

With a 5.02 Triton Score, Jumia was one of the lowest Scores ever, the 4th percentile. The Company loses $172m of EBITDA on $150m of revenue, is only growing at 39% annually, and its small IPO priced without drama in the middle of the range. So even though it’s off 27% from its high, why is this stock up 148% from its IPO?

We’ve seen companies trade against their Scores before, and usually market prices adjust over time as we’d expect.  But this one stands out as a real outlier, and either it is terribly mispriced or there is something about this company that our Scoring system doesn’t capture.