Jumia Technologies AG has reported a significant turnaround in its financial performance, with a 28% increase in revenue and a reduction of over 100% in operating losses in constant currency terms. Additionally, its EBITDA loss has decreased by 99%. This improvement is attributed to the company's strategic decision to eliminate unprofitable categories, which has not only strengthened the Jumia brand but also attracted a partnership with Starlink. The company's focus on cost-cutting measures and GMV growth has been well received by investors, leading to a 40% increase in its share price. Citron Research highlighted the impressive quarter and predicted that Jumia's stock could easily trade up to $10+ based on its operational efficiency and market position. Meanwhile, Fairfax Financial Holdings Limited also reported outstanding financial results, including a year-end book value per share of $939.65, earnings per share of $52.87, and a combined ratio of 93.2% for the year. The company's investment income is expected to be at least $4 billion per year for the next four years, with potential for higher returns. This optimistic outlook has led to a positive market response, with Fairfax's current market cap reaching $24 billion.
The $FFH.TO CC went well. I appreciated when the NBF analyst asked if there was upside to the $2b of investment income, Prem explained that $4b in total operating earnings is conservative. $FRFHF market cap is < $24b. https://t.co/uUNvdVbI4W https://t.co/nKIsVP9nCC
"Greed is good on Wall Street," Fox Advisors CEO Steven Fox says on $DASH Q4 earnings. "The stock has done tremendously well." https://t.co/EHuaI9p8Fp
Another way to frame the forward returns and margin of safety is comparing $FFH.TO ’s current market cap of $24b to the $16b+ of earnings over the next 4 years. Recall, any fund underweight FFH vs its benchmark is effectively short this earnings profile and the potential 60 add https://t.co/nKIsVP9nCC
$FFH The message from reducing premium growth is that Prem is working towards insuring that the company earns at least $4 billion per year for the next 4 years. That is $16 billion. Those funds will be reinvested and should earn at least 10% returns, likely more.
$FFH earnings are out. The numbers are terrific. $939.65 in year end book value per share, $52.87 per share in earnings, including the gain from buying Gulf. Combined was 90% for the quarter and 93.2% for the year. Perfect results.
$FFH.to 🔥 93.2 CR $1.5b UW $2b in interest (locked for next 4 years. Prem had just guided to $1.5b last year, duration extended too) $1b from associates BV $939.65 (1.1x) EPS $172.34 (6.0x) excludes gains in excess of CV in non-insurance of an additional $1b pretax crushing it
Jumia reduces losses by over 90% amid focus on restoring order and GMV growth. Investors have shown approval for Jumia’s cost-cutting measures throughout the year, with its share price rallying up to 40% at the time of publication. https://t.co/4tcjKm5sN1
Amazed at the Jumia transformation. Stock can easily trade up to $10+ on just the optionality of owning a company that does not burn cash that owns the mindshare, logistics, payments, of billions of underserved people. That is why Starlink partnered with Jumia...the obviously…
OMG. Jumia $JMIA just put up one of the most impressive quarters EVER. Revenue up 28% while operating loss down over 100% (constant currency). EBIDTA loss down 99%. The Jumia brand has become so strong that they grew revenues while eliminating unprofitable categories and…