Stock fact sheet · data as of
Endava plc (DAVA): fair value, margin of safety and Wheel Score
Ticker symbol DAVA · Technology · Information Technology Services · United Kingdom · ADR · Speculative
DAVA is an American depositary share (ADR): the US listing of Endava plc, whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is DAVA undervalued?
DAVA has a margin of safety of 97%: the stock closed at 1.71 on 5 Nov 2026 against a GLS average fair value of 54.43. 2 of the 2 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
Only 2 of the nine models produced a value (DCF, 10 Cap); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files DAVA under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for DAVA
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 94.72 | +5439% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 14.13 | +727% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -1.78 | -204% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.00 | +134% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: DAVA passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 6.8 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 2.6%, ROE 3.6%, ROA 2.3% - with debt at 0.39 times equity and a free-cash-flow yield of 25.9%.
Endava plc pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Technology, Media and Telecom 24%, Payments 23%, Other Industries 16% (fiscal year FY2025).
Institutional ownership scores 4/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 2.6% |
|---|---|---|---|
| GLS Moat | 6.8 / 10 | ROE | 3.6% |
| Debt / equity | 0.39 | ROA | 2.3% |
| Free-cash-flow yield | 25.9% | Payout ratio | 0% |
| Institutions | 4 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 29: Weak
DAVA scores 29 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (591 open interest, 86 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 5, can repay its debt - 3.4 years to repay its debt (over 3); and filter 6, no serious red flags - Red Flags score 30 (under 60); and filter 7, a premium worth selling - implied volatility 158% (over 80%); and filter 8, big enough - market cap $92M (under $1.0B); and filter 9, not a penny stock - price 1.71 (under $5), and the parts are thin too - value strong, premium weak, moat good, health fair, red flags weak, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 158%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 591 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 355k shares a day on a market cap of $92M, with a beta of 1.07; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (591 open interest, 86 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | 3.4 years to repay its debt (over 3) |
| 6 | No serious red flags | Fails | Red Flags score 30 (under 60) |
| 7 | A premium worth selling | Fails | implied volatility 158% (over 80%) |
| 8 | Big enough | Fails | market cap $92M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 1.71 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 97% below fair value | |
| Premium | Weak | implied volatility 158% | |
| Moat | Good | moat 6.8/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Weak | Red Flags score 30/100 | |
| Option trading | Weak | 86 contracts a day, 591 open interest | |
| Stability | Fair | beta 1.07, $92M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Endava plc reports earnings on 10 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Information Technology Services
The 12 companies below are the closest to Endava plc by market cap within the Information Technology Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| YB Yuanbao Inc. American Depositary Shares | 11.35 | 239.13 | +95% | 32No options | $88M |
| TTEC TTEC Holdings, Inc. | 1.53 | 24.88 | +94% | 29Weak | $75M |
| CSPI CSP Inc. | 7.48 | 3.12 | -140% | 11No options | $75M |
| WYY WidePoint Corporation | 6.72 | 9.43 | +29% | 27Weak | $67M |
| FCCN Spectral Capital Corporation | 1.58 | 0.2932 | -438% | 14No options | $152M |
| QXL Quantum X Labs Inc. | 3.90 | - | - | 9No options | $52M |
| UIS Unisys Corporation | 2.35 | 27.79 | +92% | 27Weak | $171M |
| CTM Castellum, Inc. | 0.4900 | 0.5688 | +14% | 20No options | $46M |
| TSSI TSS, Inc. | 6.85 | 12.52 | +45% | 34Weak | $193M |
| ZENA ZenaTech, Inc. | 0.7072 | - | - | 7Weak | $44M |
| SAIH SAIHEAT Limited | 23.45 | - | - | 9No options | $43M |
| TDTH Trident Digital Tech Holdings Ltd | 0.7261 | - | - | 10No options | $43M |
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Start free See the Sunday ScanQuestions about DAVA
Is DAVA undervalued right now?
By the GLS models, yes: at 1.71 the stock is 97% below the average fair value of 54.43 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of DAVA and what does it mean?
DAVA scores 29 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 5, 6, 7, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for DAVA?
54.43 per share as of 5 Nov 2026 - the simple average of the 2 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Endava plc report earnings next?
The next earnings report is due on 10 Nov 2026 (before the open), 5 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does DAVA have listed options, and how liquid are they?
Yes. The nightly snapshot found 6 listed contracts with 591 open interest across all expiries and implied volatility of 158% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is DAVA an ADR?
Yes. DAVA is an American depositary share (ADR): the US listing of Endava plc, whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.