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Endava

NYSE:DAVA
Snowflake Description

Exceptional growth potential with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DAVA
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. The last earnings update was 21 days ago. More info.


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DAVA Share Price and Events
7 Day Returns
-1.3%
NYSE:DAVA
1.7%
US IT
1.2%
US Market
1 Year Returns
-
NYSE:DAVA
15.5%
US IT
3%
US Market
DAVA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Endava (DAVA) -1.3% 11.1% 15.2% - - -
US IT 1.7% 4.9% 22.3% 15.5% 80.2% 94.8%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • No trading data on DAVA.
  • No trading data on DAVA.
Price Volatility
Industry
5yr Volatility vs Market

DAVA Value

 Is Endava undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Endava to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Endava.

NYSE:DAVA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:DAVA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.064 (1 + (1- 19%) (0%))
1.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.043 * 6.65%)
9.67%

Discounted Cash Flow Calculation for NYSE:DAVA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Endava is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:DAVA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.67%)
2019 26.00 Analyst x1 23.71
2020 41.00 Analyst x1 34.09
2021 55.00 Analyst x1 41.70
2022 66.69 Est @ 21.25% 46.11
2023 77.15 Est @ 15.69% 48.64
2024 86.26 Est @ 11.8% 49.59
2025 94.09 Est @ 9.08% 49.32
2026 100.85 Est @ 7.18% 48.20
2027 106.74 Est @ 5.84% 46.52
2028 111.98 Est @ 4.91% 44.51
Present value of next 10 years cash flows £432.39
NYSE:DAVA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £111.98 × (1 + 2.73%) ÷ (9.67% – 2.73%)
£1,658.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,658.56 ÷ (1 + 9.67%)10
£659.20
NYSE:DAVA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £432.39 + £659.20
£1,091.59
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,091.59 / 53.03
£20.58
NYSE:DAVA Discount to Share Price
Calculation Result
Exchange Rate GBP/USD
(Reporting currency to currency of NYSE:DAVA)
1.321
Value per Share
(USD)
= Value per Share in GBP x Exchange Rate (GBP/USD)
= £20.58 x 1.321
$27.18
Value per share (USD) From above. $27.18
Current discount Discount to share price of $26.65
= -1 x ($26.65 - $27.18) / $27.18
2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Endava is available for.
Intrinsic value
2%
Share price is $26.65 vs Future cash flow value of $27.18
Current Discount Checks
For Endava to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Endava's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Endava's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Endava's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Endava's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:DAVA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.40
NYSE:DAVA Share Price ** NYSE (2019-03-20) in USD $26.65
NYSE:DAVA Share Price converted to GBP reporting currency Exchange rate (USD/ GBP) 0.757 £20.18
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.36x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Endava.

NYSE:DAVA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DAVA Share Price ÷ EPS (both in GBP)

= 20.18 ÷ 0.40

51.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Endava is overvalued based on earnings compared to the US IT industry average.
  • Endava is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Endava's expected growth come at a high price?
Raw Data
NYSE:DAVA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
40.6%per year
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.42x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:DAVA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.02x ÷ 40.6%

1.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Endava is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Endava's assets?
Raw Data
NYSE:DAVA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £3.00
NYSE:DAVA Share Price * NYSE (2019-03-20) in USD $26.65
NYSE:DAVA Share Price converted to GBP reporting currency Exchange rate (USD/ GBP) 0.757 £20.18
United States of America IT Industry PB Ratio Median Figure of 122 Publicly-Listed IT Companies 4.43x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:DAVA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DAVA Share Price ÷ Book Value per Share (both in GBP)

= 20.18 ÷ 3.00

6.72x

* Primary Listing of Endava.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Endava is overvalued based on assets compared to the US IT industry average.
X
Value checks
We assess Endava's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Endava has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DAVA Future Performance

 How is Endava expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Endava expected to grow at an attractive rate?
  • Endava's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Endava's earnings growth is expected to exceed the United States of America market average.
  • Endava's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:DAVA Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:DAVA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 40.6%
NYSE:DAVA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 20.4%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:DAVA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:DAVA Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 423 65 49 3
2020-06-30 348 49 36 5
2019-06-30 285 30 22 5
NYSE:DAVA Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 258 33 19
2018-09-30 236 32 16
2018-06-30 218 34 19
2018-03-31 199 31 18
2017-06-30 159 15 17
2016-06-30 115 11 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Endava's earnings are expected to grow significantly at over 20% yearly.
  • Endava's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:DAVA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Endava Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DAVA Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.90 0.90 0.90 1.00
2020-06-30 0.64 0.72 0.57 2.00
2019-06-30 0.40 0.42 0.38 2.00
NYSE:DAVA Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.40
2018-09-30 0.35
2018-06-30 0.42
2018-03-31 0.41
2017-06-30 0.37
2016-06-30 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Endava is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Endava's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Endava has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DAVA Past Performance

  How has Endava performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Endava's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Endava's year on year earnings growth rate has been positive over the past 5 years.
  • Endava's 1-year earnings growth is less than its 5-year average (4.1% vs 11.9%)
  • Endava's earnings growth has not exceeded the US IT industry average in the past year (4.1% vs 16%).
Earnings and Revenue History
Endava's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Endava Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DAVA Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 258.32 18.58 58.46
2018-09-30 236.50 15.94 51.95
2018-06-30 217.61 18.98 45.50
2018-03-31 199.19 18.36 38.21
2017-06-30 159.37 16.83 27.00
2016-06-30 115.43 16.71 20.45
2015-06-30 84.11 13.55 0.61
2014-06-30 63.91 8.15 0.48
2013-06-30 42.61 4.75 0.17
2012-06-30 29.80 1.66 0.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Endava has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Endava used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • Endava's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Endava's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Endava has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DAVA Health

 How is Endava's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Endava's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Endava is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Endava's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Endava's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2746.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Endava Company Filings, last reported 2 months ago.

NYSE:DAVA Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 148.59 0.04 51.04
2018-09-30 136.90 0.05 41.77
2018-06-30 69.50 19.76 15.05
2018-03-31 62.50 23.65 9.46
2017-06-30 48.72 29.47 23.57
2016-06-30 29.79 15.44 12.95
2015-06-30 25.99 3.76 13.36
2014-06-30 16.81 0.75 15.34
2013-06-30 10.63 2.19 8.30
2012-06-30 7.28 1.64 2.73
  • Endava's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.6% vs 0% today).
  • Debt is well covered by operating cash flow (79097.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Endava's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Endava has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DAVA Dividends

 What is Endava's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Endava dividends. Estimated to be 0% next year.
If you bought $2,000 of Endava shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Endava's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Endava's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:DAVA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:DAVA Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.00 2.00
2020-06-30 0.00 2.00
2019-06-30 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Endava has not reported any payouts.
  • Unable to verify if Endava's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Endava's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Endava has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Endava's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Endava's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Endava afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Endava has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DAVA Management

 What is the CEO of Endava's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Cotterell
AGE 57
TENURE AS CEO 19.1 years
CEO Bio

Mr. John E. Cotterell serves as the Chief Executive of Endava (UK) Limited and Endava Limited. Mr. Cotterell served as the Managing Director at Alexander Mann Group Limited. He served as Managing Director of UK Business of Brains Direct Limited. He has a broad experience of business practices in the industry. At Capgemini he set up the Business Process Outsourcing division taking it from a greenfield start-up to 450 people with a turnover in excess of £15m. Clients included Virgin (Rail, Cinema's and Retail), Scottish Hydro, M&G and a number of London Borough's. He entered the Computer Services industry joining Hoskyns (now Capgemini). In 1998, He joined the Executive Board of Hutchinson Smith. In 1999, he joined Alexander Mann Group Limited and established an e-business services operation, essentially providing leading edge outsourced solutions to organisations exploiting the e-business space. In 2000, he founded Concise which grew under John's leadership to a £10m turnover. He has been a Director of Endava (UK) Limited. since 2006. He served as Director of Brains Direct Limited. He was selected as an Ernst & Young Entrepreneur of the Year in 2011. He serves as Director at Endava Limited. Mr. Cotterell graduated from Manchester Business School on the Director's List in 1988.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Endava management team in years:

2.2
Average Tenure
51
Average Age
  • The tenure for the Endava management team is about average.
Management Team

John Cotterell

TITLE
CEO & Director
AGE
57
TENURE
19.1 yrs

Peter Stroeve

TITLE
Managing Partner
TENURE
0.7 yrs

Mark Thurston

TITLE
CFO & Director
AGE
54
TENURE
3.9 yrs

Rob Machin

TITLE
Chief Operating Officer
AGE
45
TENURE
1.7 yrs

Laurence Madsen

TITLE
Investor Relations Manager
TENURE
0.7 yrs

Julian Bull

TITLE
Chief Commercial Officer
AGE
48
TENURE
2.7 yrs

Toby Dixon

TITLE
Managing Director of Germany
TENURE
2.9 yrs

Michael Greenberg

TITLE
Senior Vice President of Sales & Business Development - North America
TENURE
0.7 yrs

Justin Marcucci

TITLE
Chief Digital Officer

Barry Risby

TITLE
Head of Delivery Units & Delivery Director
Board of Directors Tenure

Average tenure and age of the Endava board of directors in years:

3.9
Average Tenure
58
Average Age
  • The tenure for the Endava board of directors is about average.
Board of Directors

Trevor Smith

TITLE
Chairman of the Board
AGE
64
TENURE
2.7 yrs

John Cotterell

TITLE
CEO & Director
AGE
57
TENURE
19.1 yrs

Mark Thurston

TITLE
CFO & Director
AGE
54
TENURE
3.9 yrs

Mike Kinton

TITLE
Independent Director
AGE
71
TENURE
12.9 yrs

David Pattillo

TITLE
Independent Director
AGE
58
TENURE
2.2 yrs

Andy Allan

TITLE
Independent Director
AGE
62
TENURE
12.9 yrs

Ben Druskin

TITLE
Independent Director
AGE
50
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Endava's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Endava has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DAVA News

Simply Wall St News

Endava plc's (NYSE:DAVA) Most Important Factor To Consider

Endava generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … What remains after this expenditure, is known as its free cash flow, or FCF, for short. … There are two methods I will use to evaluate the quality of Endava’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Endava plc (NYSE:DAVA) Is Employing Capital Very Effectively

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Shareholder Owns Most Endava plc (NYSE:DAVA) Stock?

If you want to know who really controls Endava plc (NYSE:DAVA), then you'll have to look at the makeup of its share registry. … institutions are noticeable on the share registry. … Check out our latest analysis for Endava

Simply Wall St -

These Fundamentals Make Endava plc (NYSE:DAVA) Truly Worth Looking At

Attractive stocks have exceptional fundamentals. … In the case of Endava plc (NYSE:DAVA), there's … financial health as well as

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Should You Be Excited About Endava plc's (NYSE:DAVA) 27% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Endava has a return on equity of 27% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Interested In Endava plc (NYSE:DAVA)? Here's What Its Recent Performance Looks Like

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … DAVA's trailing twelve-month earnings (from 30 June 2018) of UK£19m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 20%, indicating the rate at which DAVA is growing has slowed down

Simply Wall St -

Endava plc's (NYSE:DAVA) Most Important Factor To Consider

If you are currently a shareholder in Endava plc (NYSE:DAVA), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … Free cash flow (FCF) is the amount of cash Endava has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

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Why Endava plc's (NYSE:DAVA) High P/E Ratio Isn't Necessarily A Bad Thing

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 44.46 = £18.7 (Note: this is the share price in the reporting currency, namely, GBP ) ÷ £0.42

Simply Wall St -

Is Endava plc (NYSE:DAVA) Worth US$23.96 Based On Intrinsic Value?

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

What Should Investors Know About Endava plc's (NYSE:DAVA) Return On Capital?

and looking to gauge the potential return on investment in Endava plc (NYSE:DAVA). … As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … Therefore, looking at how efficiently Endava is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

DAVA Company Info

Description

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas. The company was founded in 2000 and is headquartered in London, United Kingdom.

Details
Name: Endava plc
DAVA
Exchange: NYSE
Founded: 2000
$1,413,333,181
53,033,140
Website: http://www.endava.com
Address: Endava plc
125 Old Broad Street,
London,
Greater London, EC2N 1AR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DAVA SPON ADS EACH REP 1 ORD SHS CL A New York Stock Exchange US USD 27. Jul 2018
DB 2Y5 SPON ADS EACH REP 1 ORD SHS CL A Deutsche Boerse AG DE EUR 27. Jul 2018
Number of employees
Current staff
Staff numbers
5,389
Endava employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 01:14
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.