Endava: Mispriced Today, Repositioned For Tomorrow

Group 1 - Endava Plc (NYSE: DAVA) has experienced a decline of over 45% in the last year, indicating significant market challenges [1] - The company's margins are tighter, and free cash flow has been significantly squeezed [1] - Revenue for Endava fell by approximately 7% at the end of FY2024, reflecting a downturn in performance [1] Group 2 - The narrative surrounding Endava suggests it is a mid-tier services firm struggling to maintain its position in the market [1]