Endava Plc Intrinsic Value – ENDAVA PLC Reports 5.2% YOY Revenue Growth for Q4 2023 with GBP 189.8 Million Total Revenue

☀️Earnings Overview

ENDAVA PLC ($NYSE:DAVA) reported total revenue of GBP 189.8 million for the fourth quarter ending June 30 2023, a 5.2% rise year-on-year. However, net income for the same period decreased 14.7%, amounting to GBP 23.1 million compared to the same quarter of the previous year. The results were revealed on September 19 2023.

Analysis – Endava Plc Intrinsic Value

GoodWhale has conducted an analysis of ENDAVA PLC‘s wellbeing and found that the company is well positioned for success. According to our proprietary Valuation Line, the fair value of ENDAVA PLC share is around $123.7. However, at the time of writing ENDAVA PLC stock is traded at $56.5, which means it is currently undervalued by 54.3%. This is a great opportunity for investors who are looking for a long-term investment as ENDAVA PLC is expected to increase in value over time. The company has a strong financial position and the potential for future growth, so it may be a good investment choice for the future. More…

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…

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

Investors in ENDAVA PLC may be interested in the fourth quarter results ending June 30 2023, with total revenue of GBP 189.8 million, a 5.2% year-over-year increase, and net income of GBP 23.1 million, a 14.7% decrease compared to the same quarter of the previous year. The results were reported on September 19 2023 and the stock price moved up upon announcement. While the revenue increase may indicate positive market sentiment, investors may be wary of the decrease in net income and should consider their options carefully before making any decisions.