Added to YB: 2024-03-01
Pitch date: 2024-02-29
DAVA [bullish]
Endava plc
-91.82%
current return
Author Info
No bio for this author
Company Info
Endava plc, together with its subsidiaries, provides technology services in North America, Europe, the United Kingdom, and internationally.
Market Cap
$120.9M
Pitch Price
$37.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.27
P/E
-0.30
EV/Sales
0.43
Sector
IT Services
Category
growth
Endava: Strong Buy Following Ridiculous Earnings Sell-Off
DAVA (added to position): British IT outsourcer down 40% on 2nd straight down quarter + confusion over GalaxE acquisition ($405M for ~$130M rev/~3x sales, funded by cash, diversifies into US healthcare). Overindexed to weak EU financials/payments now temporary. Path to record FY25 rev + return to organic growth, minimal debt. Multi-bagger upside, strong buy under $50.
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