Professional
Added to YB: 2024-10-24
Pitch date: 2024-10-21
DAVA [bullish]
Endava plc
-74.61%
current return
Author Info
White Falcon Capital is a value-investing fund that aspires to buy and hold a collection of wonderful publicly listed businesses run by aligned and like-minded managers and owners. Follow on Twitter/X.
Company Info
Endava plc, together with its subsidiaries, provides technology services in North America, Europe, the United Kingdom, and internationally.
Market Cap
$263.4M
Pitch Price
$26.15
Price Target
50.00 (+653%)
Dividend
N/A
EV/EBITDA
6.47
P/E
26.36
EV/Sales
0.61
Sector
IT Services
Category
growth
White Falcon Capital Portfolio Holding: Endava plc
DAVA: Digital IT services co. 30% avg rev growth 2016-23, but -6.8% FY24 due to IT spending slowdown. FCF+, trading at trough multiple. Near-shore capabilities, low attrition (10%). AI tailwind for cloud migration. Expect 10-11.5% YoY growth. $50 PT (2x) by 2026-27 at 12x EV/EBIT. Risks: recession.
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