AllAnalyst Report
logoMorningstarMarch 01, 2024

Endava plc: Endava Earnings: Cutting Fair Value 20% on Weak Outlook and GalaxE Acquisition; Shares Undervalued

Symbols
DAVA
Sector(s)
Technology
Rating
Current Price
$29.82
Fair Value
Economic Moat
Stewardship
Summary

Endava is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2006 in the U.K. and it continues to generate the majority of revenue in the U.K. and Europe. Endava’s client bas

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Analyst Profile

Rob Hales

Equity Analyst
Rob Hales, CFA, is an equity analyst for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. Based in Amsterdam, he covers the European chemicals sector, as well as the engineering and construction and pulp and paper industries.Before joining Morningstar in 2015, Hales spent five years in equity research covering gold- mining stocks for BMO Capital Markets and CIBC World Markets. Previously, he worked for several years as a credit analyst for an energy trading company and a Canadian bank.Hales holds a bachelor’s degree in business administration from Simon Fraser University and a master’s degree in business administration from the Ivey Business School at Western University. He also holds the Chartered Financial Analyst® designation.