Discounted Cash Flow (DCF) Analysis Levered
Jumia Technologies AG (JMIA)
$3.72
-0.03 (-0.80%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 149.36 | 179.68 | 171.73 | 177.93 | 221.88 | 246.39 | 273.61 | 303.84 | 337.41 | 374.68 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -159.02 | -204.53 | -121.12 | -171.12 | -240.18 | -244.05 | -271.01 | -300.95 | -334.19 | -371.11 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -4.04 | -6.46 | -3.10 | -7.18 | -11.16 | -8.46 | -9.40 | -10.44 | -11.59 | -12.87 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -163.06 | -210.99 | -124.21 | -178.31 | -251.34 | -252.51 | -280.41 | -311.38 | -345.78 | -383.98 |
Weighted Average Cost Of Capital
| Share price | $ 3.72 |
|---|---|
| Beta | 2.659 |
| Diluted Shares Outstanding | 99.88 |
| Cost of Debt | |
| Tax Rate | -2.97 |
| After-tax Cost of Debt | 136.23% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.769 |
| Total Debt | 13.85 |
| Total Equity | 371.54 |
| Total Capital | 385.39 |
| Debt Weighting | 3.59 |
| Equity Weighting | 96.41 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 149.36 | 179.68 | 171.73 | 177.93 | 221.88 | 246.39 | 273.61 | 303.84 | 337.41 | 374.68 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -159.02 | -204.53 | -121.12 | -171.12 | -240.18 | -244.05 | -271.01 | -300.95 | -334.19 | -371.11 |
| Capital Expenditure | -4.04 | -6.46 | -3.10 | -7.18 | -11.16 | -8.46 | -9.40 | -10.44 | -11.59 | -12.87 |
| Free Cash Flow | -163.06 | -210.99 | -124.21 | -178.31 | -251.34 | -252.51 | -280.41 | -311.38 | -345.78 | -383.98 |
| WACC | ||||||||||
| PV LFCF | -142.32 | -130.55 | -119.75 | -109.85 | -100.76 | |||||
| SUM PV LFCF | -884.09 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 21.06 |
| Free cash flow (t + 1) | -391.66 |
| Terminal Value | -2,054.89 |
| Present Value of Terminal Value | -790.29 |
Intrinsic Value
| Enterprise Value | -1,674.37 |
|---|---|
| Net Debt | -58.28 |
| Equity Value | -1,616.09 |
| Shares Outstanding | 99.88 |
| Equity Value Per Share | -16.18 |