Professional
Added to YB: 2026-01-16
Pitch date: 2026-01-02
DAVA [neutral]
Endava plc
+12.23%
current return
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
Company Info
Endava plc, together with its subsidiaries, provides technology services in North America, Europe, the United Kingdom, and internationally.
Market Cap
$261.3M
Pitch Price
$6.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.44
P/E
26.14
EV/Sales
0.60
Sector
IT Services
Category
value
Night Watch Investment Management Portfolio Holding: Endava plc
DAVA (holding update): IT services provider at 0.3x sales vs peers at 1-2x. Market fears AI efficiency reducing billable hours, but view is lower costs enable higher project volumes. Corporate AI spending delayed by tariffs, expect 2026 recovery. 10% normalized margins = 3x P/E post-stabilization.
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