Endava plc (DAVA) 10-Year Financial Performance & Capital Metrics

DAVA • • Industrial / General

TechnologyInfrastructure SoftwareAI & Analytics PlatformsDigital Services & Consulting

AboutEndava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services. It also engages in the identifying, defining, and embedding collaborative data and analytics; and provision of automated testing, cloud native software engineering, continuous delivery, distributed agile delivery, intelligent automation, secure development, agile applications management, cloud infrastructure, DevSecOps, service delivery, smart desk, and telemetry and monitoring services. The company was founded in 2000 and is headquartered in London, the United Kingdom.Show more

Revenue $772M +4.3%
EBITDA $62M +36.3%
Net Income $21M +23.9%
EPS (Diluted) 0.36 +24.1%
Gross Margin 25.65% +0.6%
EBITDA Margin 8.02% +30.7%
Operating Margin 4.08% +50.1%
Net Margin 2.75% +18.8%
ROE 3.47% +22.7%
ROIC 3.09% +28.2%
Debt/Equity 0.39 +23.4%
Interest Coverage 2.95 -8.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 17.1%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 10 (bottom 10%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.82%

5Y17.09%

3Y5.66%

TTM1.07%

Profit (Net Income) CAGR

10Y4.59%

5Y1.19%

3Y-36.56%

TTM54.33%

EPS CAGR

10Y2.19%

5Y0%

3Y-36.86%

TTM36.26%

ROCE

10Y Avg26.06%

5Y Avg13.53%

3Y Avg8.73%

Latest3.76%

Peer Comparison

Digital Services & Consulting

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SNPSSynopsys, Inc.	97.23B	508.19	63.21	15.12%	31.07%	7.23%	1.39%	0.50
VRNTVerint Systems Inc.	1.24B	20.51	19.72	-0.13%	6.87%	4.6%	11.43%	0.34
DAVAEndava plc	271.06M	6.88	19.11	4.25%	1.43%	1.9%	17.73%	0.39
CINTCI&T Inc	86.65M	4.73	4.01	-80.35%	7.34%	4.65%	67.41%	0.53
RZLVREZOLVE AI PLC	1.55B	4.63	-0.19	29.46%	-21.55%
UBXGU-BX Technology Ltd.	44.8M	1.98	-4.21	-45.29%	-0.35%	-1.89%		0.05
VRARThe Glimpse Group, Inc.	23.18M	1.10	-8.46	19.58%	-108904.7%	-6.4%		0.01
SUPXSuper X AI Technology Ltd	437.62M	13.89	-180.39	-52.72%	-132.94%	-99.32%		0.05

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	115.43M	159.37M	217.61M	287.93M	350.95M	446.3M	654.76M	794.73M	740.76M	772.25M
Revenue Growth %	0.37%	0.38%	0.37%	0.32%	0.22%	0.27%	0.47%	0.21%	-0.07%	0.04%
Cost of Goods Sold+	75.05M	108.76M	145.44M	189.1M	250.56M	292.12M	436.83M	530.66M	551.95M	574.15M
COGS % of Revenue	0.65%	0.68%	0.67%	0.66%	0.71%	0.65%	0.67%	0.67%	0.75%	0.74%
Gross Profit+	40.39M	50.61M	72.17M	98.83M	100.39M	154.18M	217.93M	264.08M	188.81M	198.1M
Gross Margin %	0.35%	0.32%	0.33%	0.34%	0.29%	0.35%	0.33%	0.33%	0.25%	0.26%
Gross Profit Growth %	0.27%	0.25%	0.43%	0.37%	0.02%	0.54%	0.41%	0.21%	-0.29%	0.05%
Operating Expenses+	20.45M	27.55M	46.74M	65.86M	80.41M	90.63M	122.55M	150.3M	168.67M	166.59M
OpEx % of Revenue	0.18%	0.17%	0.21%	0.23%	0.23%	0.2%	0.19%	0.19%	0.23%	0.22%
Selling, General & Admin	20.45M	27.55M	46.74M	65.86M	77.24M	0	121.81M	135.3M	0	0
SG&A % of Revenue	0.18%	0.17%	0.21%	0.23%	0.22%	-	0.19%	0.17%	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	3.17M	90.63M	739K	15M	168.67M	166.59M
Operating Income+	19.93M	23.06M	25.43M	33.11M	19.98M	63.55M	95.38M	112.84M	20.14M	31.51M
Operating Margin %	0.17%	0.14%	0.12%	0.11%	0.06%	0.14%	0.15%	0.14%	0.03%	0.04%
Operating Income Growth %	0.23%	0.16%	0.1%	0.3%	-0.4%	2.18%	0.5%	0.18%	-0.82%	0.56%
EBITDA+	22.82M	27.4M	31.7M	41.01M	38.23M	75.85M	113.18M	133.84M	45.43M	61.92M
EBITDA Margin %	0.2%	0.17%	0.15%	0.14%	0.11%	0.17%	0.17%	0.17%	0.06%	0.08%
EBITDA Growth %	0.3%	0.2%	0.16%	0.29%	-0.07%	0.98%	0.49%	0.18%	-0.66%	0.36%
D&A (Non-Cash Add-back)	2.88M	4.35M	6.27M	7.9M	18.25M	12.3M	17.8M	21M	25.29M	30.42M
EBIT	21M	23.61M	25.22M	30.45M	25.25M	66.89M	95.76M	121.38M	34.28M	37.05M
Net Interest Income+	898K	-390K	-537K	141K	-1.34M	-2.35M	-2.81M	217K	-76K	-9.44M
Interest Income	1.07M	18K	35K	486K	555K	104K	249.87K	3.9M	6.19M	1.26M
Interest Expense	170K	408K	572K	345K	1.89M	2.46M	3.06M	3.68M	6.27M	10.7M
Other Income/Expense	898K	-1.36M	-783K	-2.87M	3.38M	-9.18M	7M	1.32M	6.84M	-7.39M
Pretax Income+	20.83M	21.7M	24.65M	30.1M	23.36M	54.37M	102.38M	114.16M	26.98M	24.11M
Pretax Margin %	0.18%	0.14%	0.11%	0.1%	0.07%	0.12%	0.16%	0.14%	0.04%	0.03%
Income Tax+	4.13M	4.87M	5.67M	6.09M	3.37M	10.92M	19.29M	20M	9.86M	2.9M
Effective Tax Rate %	0.8%	0.78%	0.77%	0.8%	0.86%	0.8%	0.81%	0.82%	0.63%	0.88%
Net Income+	16.71M	16.83M	18.98M	24.01M	19.99M	43.45M	83.09M	94.16M	17.12M	21.21M
Net Margin %	0.14%	0.11%	0.09%	0.08%	0.06%	0.1%	0.13%	0.12%	0.02%	0.03%
Net Income Growth %	0.23%	0.01%	0.13%	0.27%	-0.17%	1.17%	0.91%	0.13%	-0.82%	0.24%
Net Income (Continuing)	16.71M	16.83M	18.98M	24.01M	19.99M	43.45M	83.09M	94.16M	17.12M	21.21M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.32	0.32	0.38	0.44	0.36	0.76	1.43	1.62	0.29	0.36
EPS Growth %	0.1%	0%	0.19%	0.16%	-0.18%	1.11%	0.88%	0.13%	-0.82%	0.24%
EPS (Basic)	0.32	0.32	0.38	0.44	0.37	0.79	1.48	1.64	0.29	0.36
Diluted Shares Outstanding	53M	53M	49.8M	55.03M	56.07M	57.05M	58.02M	58.08M	58.8M	58.88M
Basic Shares Outstanding	53M	53M	49.8M	54.56M	53.42M	55.22M	56.27M	57.31M	58.44M	58.46M
Dividend Payout Ratio	1.09%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	44.48M	65.79M	68.09M	136.88M	187.45M	189.69M	328.18M	346.67M	267.62M	281.85M
Cash & Short-Term Investments	12.95M	23.57M	15.05M	70.17M	101.91M	70.45M	163.2M	164.76M	62.54M	59.47M
Cash Only	12.95M	23.57M	15.05M	70.17M	101.33M	69.88M	162.81M	164.7M	62.36M	59.34M
Short-Term Investments	0	0	0	0	584K	563K	392K	56K	183K	121K
Accounts Receivable	22.38M	30.24M	26M	60.97M	61.06M	113.09M	156.12M	172.34M	193.58M	211.18M
Days Sales Outstanding	70.75	69.25	43.62	77.29	63.5	92.49	87.03	79.15	95.38	99.81
Inventory	134K	62K	16K	0	-6.78M	0	0	0	0	0
Days Inventory Outstanding	0.65	0.21	0.04	-	-	-	-	-	-	-
Other Current Assets	6.73M	9.82M	22.77M	0	24.48M	0	0	-1.48M	0	0
Total Non-Current Assets+	28.42M	40.59M	82.92M	85.8M	173.5M	283.52M	293.68M	423.46M	746.27M	653.92M
Property, Plant & Equipment	4.74M	7.49M	8.58M	10.58M	63.88M	70.52M	72.08M	91.02M	73.93M	55.69M
Fixed Asset Turnover	24.38x	21.29x	25.35x	27.22x	5.49x	6.33x	9.08x	8.73x	10.02x	13.87x
Goodwill	11.32M	16.2M	41.06M	36.76M	56.88M	124.42M	145.92M	240.82M	515.72M	473.3M
Intangible Assets	11.23M	16.03M	30.79M	28.91M	38.75M	69.55M	56.19M	66.22M	127.8M	100.89M
Long-Term Investments	27K	14K	-2.49M	76.25M	639K	363K	2.28M	5.24M	10.5M	5.01M
Other Non-Current Assets	0	0	2.49M	-76.25M	0	0	0	0	0	0
Total Assets+	72.9M	106.38M	151.01M	222.68M	360.94M	473.21M	621.86M	770.12M	1.01B	935.77M
Asset Turnover	1.58x	1.50x	1.44x	1.29x	0.97x	0.94x	1.05x	1.03x	0.73x	0.83x
Asset Growth %	0.28%	0.46%	0.42%	0.47%	0.62%	0.31%	0.31%	0.24%	0.32%	-0.08%
Total Current Liabilities+	41.3M	54.76M	71.14M	54.2M	76.39M	102.81M	128.41M	120.59M	153.86M	121.72M
Accounts Payable	1.52M	3.72M	4.5M	4.22M	58.6M	7M	8.21M	5.48M	10.98M	22.66M
Days Payables Outstanding	7.41	12.49	11.3	8.15	85.36	8.74	6.86	3.77	7.26	14.4
Short-Term Debt	15.31M	29.31M	19.7M	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K
Other Current Liabilities	8.52M	3.87M	10.84M	5.75M	2M	10.04M	19.32M	-663K	20.51M	8.5M
Current Ratio	1.08x	1.20x	0.96x	2.53x	2.45x	1.84x	2.56x	2.87x	1.74x	2.32x
Quick Ratio	1.07x	1.20x	0.96x	2.53x	2.54x	1.84x	2.56x	2.87x	1.74x	2.32x
Cash Conversion Cycle	63.99	56.97	32.35	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.81M	2.9M	10.38M	2.15M	48.23M	69.73M	60.72M	78.23M	220.58M	231.11M
Long-Term Debt	26K	0	0	0	0	0	0	0	144.75M	180.94M
Capital Lease Obligations	12K	63K	20K	0	42.23M	50.14M	44M	54.44M	43.56M	33.45M
Deferred Tax Liabilities	0	0	2.83M	2.03M	5.86M	0	10.83M	0	30.81M	15.18M
Other Non-Current Liabilities	1.77M	2.81M	7.53M	113K	136K	10.21M	5.89M	18.95M	509K	1.54M
Total Liabilities	43.1M	57.66M	81.52M	56.35M	124.62M	172.54M	189.13M	198.81M	374.44M	352.83M
Total Debt+	15.44M	29.46M	19.76M	21K	53.37M	63.69M	55.9M	69.01M	202.76M	228.05M
Net Debt	2.5M	5.89M	4.72M	-70.15M	-47.96M	-6.2M	-106.91M	-95.69M	140.4M	168.71M
Debt / Equity	0.52x	0.60x	0.28x	0.00x	0.23x	0.21x	0.13x	0.12x	0.32x	0.39x
Debt / EBITDA	0.68x	1.08x	0.62x	0.00x	1.40x	0.84x	0.49x	0.52x	4.46x	3.68x
Net Debt / EBITDA	0.11x	0.22x	0.15x	-1.71x	-1.25x	-0.08x	-0.94x	-0.71x	3.09x	2.72x
Interest Coverage	117.25x	56.51x	44.46x	95.97x	10.57x	25.87x	31.20x	30.68x	3.21x	2.95x
Total Equity+	29.79M	48.72M	69.5M	166.33M	236.33M	300.67M	432.72M	571.31M	639.46M	582.94M
Equity Growth %	0.15%	0.64%	0.43%	1.39%	0.42%	0.27%	0.44%	0.32%	0.12%	-0.09%
Book Value per Share	0.56	0.92	1.40	3.02	4.22	5.27	7.46	9.84	10.88	9.90
Total Shareholders' Equity	29.79M	48.72M	69.5M	166.33M	236.33M	300.67M	432.72M	571.31M	639.46M	582.94M
Common Stock	996K	996K	996K	1.09M	1.1M	1.11M	1.14M	1.16M	1.18M	1.12M
Retained Earnings	20.43M	38.07M	59.26M	146.96M	214.64M	283.06M	398.1M	522.93M	573.64M	575.43M
Treasury Stock	-1.03M	-2.27M	-2.27M	-1.85M	-1.34M	-155K	-155K	-27K	-26K	-17.96M
Accumulated OCI	6.73M	9.25M	8.84M	20M	21.71M	16.4M	24.49M	32.63M	43.38M	3.07M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	10.9M	14.74M	33.98M	35.35M	40.24M	87.67M	120.72M	124.52M	54.39M	52.77M
Operating CF Margin %	0.09%	0.09%	0.16%	0.12%	0.11%	0.2%	0.18%	0.16%	0.07%	0.07%
Operating CF Growth %	-0.02%	0.35%	1.31%	0.04%	0.14%	1.18%	0.38%	0.03%	-0.56%	-0.03%
Net Income	16.71M	16.83M	18.98M	24.01M	21.41M	43.45M	83.09M	94.16M	17.12M	21.21M
Depreciation & Amortization	2.88M	4.35M	6.27M	7.9M	18.73M	24.45M	28.97M	32.93M	38.94M	44.94M
Stock-Based Compensation	768K	854K	1.5M	12.02M	15.66M	24.43M	35.01M	31.06M	34.68M	32.05M
Deferred Taxes	3.01M	3.55M	5.67M	6.09M	3.85M	8.28M	17.07M	20M	2.07M	2.44M
Other Non-Cash Items	-5.7M	-3.24M	7.94M	-3.16M	-11.64M	8.43M	-21.65M	-37.56M	-21.84M	-7.68M
Working Capital Changes	-6.76M	-7.6M	-6.38M	-11.52M	-7.76M	-21.36M	-21.77M	-16.07M	-16.58M	-40.19M
Change in Receivables	-6.76M	-7.6M	-6.38M	-16.34M	-14.12M	-19.5M	-37.01M	-3.94M	5.53M	-18.6M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-7.26M	-19.5M	-31.79M	-10.05M	-29.75M	-106.41M	-23.88M	-110.85M	-290.32M	-9.94M
Capital Expenditures	-2.75M	-6.37M	-5.48M	-7.38M	-9.88M	-5.43M	-13.97M	-13.67M	-5.49M	-4.7M
CapEx % of Revenue	0.02%	0.04%	0.03%	0.03%	0.03%	0.01%	0.02%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	36K	680K	2.46M	533K	3.98M	277K	456K	-17.49M	-48.73M	1.59M
Cash from Financing+	-4.62M	14.84M	-10.73M	26.36M	20.88M	-11.92M	-5.08M	-11M	135.06M	-45.13M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-18.18M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.83M	2.53M	-426K	1.57M	152K	-657K	7.04M	375K	1.84M	-10.22M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	8.15M	8.37M	28.5M	27.96M	30.36M	82.24M	106.75M	110.84M	48.91M	48.07M
FCF Margin %	0.07%	0.05%	0.13%	0.1%	0.09%	0.18%	0.16%	0.14%	0.07%	0.06%
FCF Growth %	-0.09%	0.03%	2.41%	-0.02%	0.09%	1.71%	0.3%	0.04%	-0.56%	-0.02%
FCF per Share	0.15	0.16	0.57	0.51	0.54	1.44	1.84	1.91	0.83	0.82
FCF Conversion (FCF/Net Income)	0.65x	0.88x	1.79x	1.47x	2.01x	2.02x	1.45x	1.32x	3.18x	2.49x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	59.9%	42.88%	32.1%	20.36%	9.93%	16.18%	22.66%	18.76%	2.83%	3.47%
Return on Invested Capital (ROIC)	61.58%	39.8%	29.61%	29.15%	10.53%	19.74%	23.07%	21.12%	2.41%	3.09%
Gross Margin	34.99%	31.76%	33.16%	34.32%	28.61%	34.55%	33.28%	33.23%	25.49%	25.65%
Net Margin	14.47%	10.56%	8.72%	8.34%	5.7%	9.74%	12.69%	11.85%	2.31%	2.75%
Debt / Equity	0.52x	0.60x	0.28x	0.00x	0.23x	0.21x	0.13x	0.12x	0.32x	0.39x
Interest Coverage	117.25x	56.51x	44.46x	95.97x	10.57x	25.87x	31.20x	30.68x	3.21x	2.95x
FCF Conversion	0.65x	0.88x	1.79x	1.47x	2.01x	2.02x	1.45x	1.32x	3.18x	2.49x
Revenue Growth	37.24%	38.06%	36.55%	32.31%	21.89%	27.17%	46.71%	21.38%	-6.79%	4.25%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024	2025
Technology, Media and Telecom	-	-	-	-	-	-	-	146.94M
Technology, Media and Telecom Growth	-	-	-	-	-	-	-	-
Payments	-	-	-	-	-	-	-	144.74M
Payments Growth	-	-	-	-	-	-	-	-
Other Industries	-	56.86M	75.52M	98.86M	159.38M	204.8M	219.57M	101.78M
Other Industries Growth	-	-	32.81%	30.91%	61.22%	28.50%	7.21%	-53.65%
Healthcare	-	-	-	-	-	-	-	91.48M
Healthcare Growth	-	-	-	-	-	-	-	-
Insurance	-	-	-	-	-	-	-	70.05M
Insurance Growth	-	-	-	-	-	-	-	-
Mobility	-	-	-	-	-	-	-	65.1M
Mobility Growth	-	-	-	-	-	-	-	-
Payments and Financial Services	-	-	-	-	-	-	351.96M	-
Payments and Financial Services Growth	-	-	-	-	-	-	-	-
TMT	-	78.89M	90.25M	121.05M	163.53M	173.93M	169.23M	-
TMT Growth	-	-	14.41%	34.11%	35.10%	6.36%	-2.70%	-
Payments And Financial Services	-	152.18M	185.18M	226.39M	331.84M	416.01M	-	-
Payments And Financial Services Growth	-	-	21.68%	22.26%	46.58%	25.36%	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024	2025
North America1	45.6M	79.23M	100.09M	140.09M	228.11M	258.11M	241.65M	294.65M
North America1 Growth	-	73.75%	26.33%	39.96%	62.84%	13.15%	-6.38%	21.93%
Europe1	73.44M	79.19M	85.88M	107.98M	138M	182.55M	191.21M	180.76M
Europe1 Growth	-	7.82%	8.46%	25.73%	27.81%	32.28%	4.74%	-5.46%
Rest Of World	-	-	9.47M	-	-	44.7M	60.3M	42.38M
Rest Of World Growth	-	-	-	-	-	-	34.88%	-29.72%

Frequently Asked Questions

Valuation & Price

Endava plc (DAVA) has a price-to-earnings (P/E) ratio of 19.1x. This is roughly in line with market averages.

Growth & Financials

Endava plc (DAVA) reported $755.4M in revenue for fiscal year 2025. This represents a 1673% increase from $42.6M in 2013.

Endava plc (DAVA) grew revenue by 4.3% over the past year. Growth has been modest.

Yes, Endava plc (DAVA) is profitable, generating $10.8M in net income for fiscal year 2025 (2.7% net margin).

Dividend & Returns

Endava plc (DAVA) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.

Endava plc (DAVA) generated $54.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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