The Discounted Cash Flow (DCF) valuation of Endava PLC (DAVA) is 14.63 USD. With the latest stock price at 14.90 USD, the upside of Endava PLC based on DCF is -1.8%.

Is DAVA a buy or a sell?

Based on the latest price of 14.90 USD and our DCF valuation, Endava PLC (DAVA) is a sell. Selling DAVA stocks now will result in a potential gain of 1.8%.

	Range	Selected
WACC / Discount Rate	6.3% - 10.3%	8.3%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	9.21 - 30.07	14.63
Upside	-38.2% - 101.8%	-1.8%

14.90 USD

Stock Price

14.63 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

DAVA DCF Valuation: Revenue & Expenses Forecast

(GBP in millions)		Projections

	06-2024	06-2025	06-2026	06-2027	06-2028	06-2029

Revenue	741	778	794	819	855	895
% Growth	7%	5%	2%	3%	4%	5%

Cost of goods sold	(572)	(588)	(588)	(595)	(609)	(624)
% of Revenue	77%	76%	74%	73%	71%	70%

Selling, G&A expenses	(160)	(168)	(171)	(176)	(184)	(193)
% of Revenue	22%	22%	22%	22%	22%	22%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	17	18	19	19	20	21
% of Revenue	2%	2%	2%	2%	2%	2%

Tax expense	(10)	(8)	(10)	(13)	(16)	(19)
Tax rate	37%	19%	19%	19%	19%	19%

Net profit	17	33	43	54	67	80
% Margin	2%	4%	5%	7%	8%	9%