EN DE

Endava plc (DAVA) Fair Value & Analysis

Technology · US · Market cap $140M

EP Endava plc logo Endava plc DAVA · US
Price$2.95
Fair Value$8.19
Upside+177.6%
Quality55/100
Watch Endava plc for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Loss-making · -56.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 15/100
Evidence: High Range $6.19 – $11.25 Share as image

Fair value as of: Jul 24, 2026

From 24 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from $14.17 to $8.19 (−42.2%) since Jun 25, 2026. Share price +3.9% over the past month.

A solid business, screening 178% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($6.19). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($6.19 to $11.25) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$170.13 $2.61 Fair Value $8.19 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $2.61 – $170.13 · fair‑value band $6.19 – $11.25 · the $2.95 price screens below the $8.19 fair value. Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Endava plc (DAVA) currently trades at $2.95, while our model-based Fair Value estimate is $8.19, implying the stock looks roughly 177.6% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Endava plc generated revenue of $728M at a net margin of -56.1%. Revenue declined 8.4% year over year. It earns a return on equity of -99.8%. Net debt stands at $169M. Fundamentals as of Jul 24, 2026

Our scenario range runs from $6.19 (bear case) to $11.25 (bull case); at $2.95, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 178%, DAVA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $10.18 $18.13 $31.79 80
Residual Income $9.79 $9.24 $7.06 76
Rev-Margin DCF $6.72 $14.83 $27.11 74
All 24 models by family
DCF Models
FCF DCF $11.01 $17.19 $34.14 38
Owner Earnings $14.27 $31.00 $60.20 31
5Y Revenue Exit $6.72 $13.10 $25.57 39
5Y EBITDA Exit $13.58 $27.60 $53.73 41
5Y P/E Exit $6.89 $15.58 $26.59 38
10Y Revenue Exit $7.88 $16.51 $24.15 36
10Y EBITDA Exit $12.29 $28.05 $57.29 37
10Y P/E Exit $8.21 $16.79 $31.03 35
Earnings-Based
Graham-Dodd $3.66 $25.53 $35.83 54
Lynch FV $8.18 $11.68 $15.19 50
PEG = 1.0 $8.18 $11.68 $15.19 46
EPV $2.05 $2.67 $3.17 59
Multiples
P/E Multiple $8.08 $10.77 $13.46 63
P/S Multiple $6.86 $9.15 $11.44 58
P/B Multiple $6.86 $9.15 $11.44 55
EV/EBIT $7.71 $11.31 $14.91 53
EV/EBITDA $15.83 $22.14 $28.45 54
EV/Revenue $4.19 $7.31 $10.43 43
Asset-Based
NCAV (Graham) $7.40 $9.91 $14.80 50
Growth DCF
Growth DCF $10.18 $18.13 $31.79 80
Rev-Margin DCF $6.72 $14.83 $27.11 74
Economic Profit
Residual Income $9.79 $9.24 $7.06 76
ROIC Compounder $2.05 $2.67 $3.17 72
Growth Earnings
Growth-Adj P/E $10.70 $15.29 $19.88 68

Widest divergence: DCF Models ($16.79) versus Economic Profit ($2.67). Highest evidence: Growth DCF (80).

Notify me when DAVA reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) $728M
Revenue growth (YoY) -8.4%
Net margin -56.1%
Return on equity -99.8%
Free cash flow $48.1M FY2025
Operating margin -3.4%
More key figures
EPS (TTM) $-10.42
EPS growth (YoY) -21.4%
Net debt $169M FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 58 · Market factors (momentum, volatility) 11

Profitability 35
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Endava plc, together with its subsidiaries, provides technology services in North America, Europe, the United Kingdom, and internationally.

Full company description

Endava plc, together with its subsidiaries, provides technology services in North America, Europe, the United Kingdom, and internationally. The company offers digital product acceleration services comprising product strategy, experience design, growth marketing, and analytics; advisory and digital strategy services consisting of technology strategy, enterprise architecture, and data strategy; and delivery services, including agile transformation, distributed agile delivery, accelerated DevOps delivery, and delivery management. It also provides digital engineering services, such as architecture, cloud application engineering, platform engineering, software security, and test engineering, as well as virtual, augmented, and extended reality; data and AI services, including artificial intelligence, and data engineering and platforms; and modern managed services comprising modern application management, managed cloud, service delivery, smart desk, and managed security. The company serves the healthcare and life sciences, government, insurance, retail and consumer goods, automotive, energy and resources, finance and banking, government, media and entertainment, payment, private equity, supply chain and logistics, technology, telecommunication, and travel industries. Endava plc was founded in 2000 and is headquartered in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Endava plc reported revenue of $772M in FY2025 versus $446M in FY2021, a compound +14.7%/yr. Reported net income was $21.2M in FY2025, compounding −16.4%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$772M
Latest YoY
+4.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.1%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.3%
Revenue +14.7%/yr
FY21 $446M
FY22 $655M
FY23 $795M
FY24 $741M
FY25 $772M
Net income −16.4%/yr
FY21 $43.5M
FY22 $83.1M
FY23 $94.2M
FY24 $17.1M
FY25 $21.2M
Character of growth · EPS growth decomposed (2014-2025) +12.7 % p.a.
Revenue per share +25.0 pp

of which total revenue +27.3 pp · buybacks/dilution −2.3 pp

EBIT margin −9.5 pp
Tax rate −0.5 pp
Residual (interest, one-offs) −2.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch DAVA: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Endava plc Fair Value". https://www.fairvalue-calculator.com/stock/DAVA

Peer Group

Software - Infrastructure · 370 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +178% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) -56% · Bottom 25%
Operating margin (TTM) -3% · Below median
Revenue growth -8% · Bottom 25%
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 0.24× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers
P/FCF 2.9× · Cheaper than median
EV/EBITDA 8.7× · Cheaper than median
PEG 0.27× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 0 · sector 46
PAST 0 · sector 15
HEALTH 85 · sector 98
DIVIDEND 0 · sector 28

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

Compare Endava plc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Endava plc (DAVA) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $8.19 versus a price of $2.95, about +178% (undervalued).
What is the fair value of DAVA?
Our model-based fair value for Endava plc is $8.19 (as of Jul 24, 2026), built from audited fundamentals. The current price is $2.95.
What is the quality score of DAVA?
Endava plc has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Endava plc (DAVA)?
Endava plc reported trailing-twelve-month revenue of about $728M (latest available figure, as of Jul 24, 2026).
What is the net profit margin of DAVA?
The net profit margin of Endava plc is about -56.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Endava plc and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.