Endava Plc Intrinsic Value – Endava PLC Expands into Asia Pacific with Acquisition of DEK

☀️Trending News

Endava ($NYSE:DAVA) PLC is a publicly-traded company that provides digital transformation services to global industry leaders. With headquarters in London and offices in North America, Latin America, Europe, and the Middle East, Endava is well-positioned to provide cutting-edge technology solutions to clients. Recently, Endava has taken a big step in expanding its presence in the Asia Pacific region with the acquisition of DEK. DEK is a company that specializes in developing enterprise software and providing digital business solutions for customers across the Asia Pacific region. Their portfolio of services includes custom software development, DevOps engineering, cloud solutions, and strategic consulting.

With this acquisition, Endava will now have access to a larger pool of resources and a broader range of capabilities that will enable them to better serve their customers in the Asia Pacific region. The acquisition of DEK allows Endava to expand its regional footprint and gain additional expertise that will enable them to accelerate their growth and better service their customers in the Asia Pacific region. Endava plans to leverage DEK’s services and utilize their capabilities to provide comprehensive digital transformation solutions to their customers. With this move, Endava is well-positioned to become a leader in the digital transformation space in the Asia Pacific region.

Market Price

On Friday, ENDAVA PLC opened its stock at $46.4 and closed at $45.7, up by 0.1% from the previous closing price of 45.6. This follows the recent announcement that ENDAVA PLC has acquired DEK, a leading Application and Digital Transformation provider in the Asia Pacific region. This acquisition will help ENDAVA PLC to expand its presence in the Asia Pacific region and drive growth by offering innovative solutions to clients in the region. DEK’s expertise in developing technology-based solutions will be combined with ENDAVA’s world-class agile delivery model to deliver superior services to customers.

This acquisition will increase ENDAVA’s current portfolio of services and help them to strengthen their position as a leading global player in the digital transformation and application development landscape. By expanding into the Asia Pacific region, ENDAVA PLC will have access to a new and larger customer base, as well as new opportunities for growth. The acquisition of DEK is expected to significantly benefit the company as it expands its footprints in the Asia Pacific region and opens up new avenues for growth and profitability. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Endava Plc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Endava Plc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Endava Plc. More…

Key Ratios Snapshot

Some of the financial key ratios for Endava Plc are shown below. More…

Analysis – Endava Plc Intrinsic Value

At GoodWhale, we have conducted an analysis of ENDAVA PLC‘s wellbeing. Through our proprietary Valuation Line, we have calculated the intrinsic value of ENDAVA PLC’s stock to be around $127.6. However, the current trading price of ENDAVA PLC’s stock is $45.7, which means it is undervalued by 64.2%. This presents a great opportunity for investors who are looking for undervalued stocks with solid fundamentals. We believe that ENDAVA PLC is a company worth considering when looking for long-term investments. More…

Peers

The company has a strong presence in Europe and the United States, and competes with other IT service providers such as Thoughtworks Holding Inc, Zhengzhou Jiean Hi-tech Co Ltd, and Neusoft Corp.

– Thoughtworks Holding Inc ($NASDAQ:TWKS)

Thoughtworks Holding Inc is a global technology consultancy company. Its market cap as of 2022 is 2.99B and its ROE is -11.01%. The company has over 4,000 employees and provides services such as software development, digital transformation, and cloud computing.

– Zhengzhou Jiean Hi-tech Co Ltd ($SZSE:300845)

Zhengzhou Jiean Hi-tech Co Ltd is a market leader in providing innovative hi-tech solutions. The company has a strong focus on research and development, and has a wide range of products and services. It has a market capitalization of 2.52 billion as of 2022, and a return on equity of 3.34%. The company’s products and services are used in a variety of industries, including telecommunications, automotive, aerospace, and defense.

– Neusoft Corp ($SHSE:600718)

Neusoft Corporation is a Chinese software and information technology service provider. It is the largest software and IT services company in China, and the second largest in Asia. The company is headquartered in Shenyang, Liaoning.

As of 2022, Neusoft Corporation had a market capitalization of 13.91 billion US dollars. The company’s return on equity (ROE) was 8.56%.

Neusoft Corporation provides a wide range of software and IT services, including enterprise application software, middleware, information systems integration, and software product development. The company also offers a variety of IT services, such as application development and maintenance, enterprise resource planning (ERP) implementation, and infrastructure management. In addition, Neusoft Corporation provides technical support, training, and consulting services.

Summary

Endava PLC is a leading global technology services provider, offering digital transformation, enterprise technology solutions, and managed services. The company has recently announced the acquisition of DEK in order to expand their presence in Asia Pacific. This strategic move is expected to help Endava increase its market share and enhance its customer base in the region.

Endava has a strong history of successful acquisitions and this latest move should help the company build on its existing technological capabilities and expand its portfolio of solutions. Furthermore, the acquisition is likely to have a positive impact on Endava’s financial performance and expand their customer base in the Asia Pacific region.