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Atlassian Corp A TEAM

Morningstar Rating
$178.92 −4.25 (2.32%)
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Company Report

Atlassian Enjoys a Switching-Cost-Driven Moat and Has a Long Runway for Growth

Atlassian endeavors to “unleash the potential of teams” through better planning, project management, and workflow software, and we think its strong momentum is likely to continue over the next five years as the transition to the cloud continues. Atlassian’s original product, Jira, was designed as a workflow solution for software developers that has grown into a richly featured, easy-to-use, inexpensive, easy-to-buy application. The software is often bundled with Confluence, a collaboration tool. The firm has also gradually moved upmarket toward enterprise customers, even as it continues to serve customers of all sizes.

Price vs Fair Value

TEAM is trading at a 585% premium.
Price
$178.92
Fair Value
$674.00
Uncertainty
Very High
1-Star Price
$337.72
5-Star Price
$691.30
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Atlassian’s growth has been strong and is expected to remain so, with robust new customer adds, client retention, upselling, and the introduction of new solutions.

Bears

Atlassian has traded at lofty valuations at times, and while it might continue to generate strong growth, the company may fail to live up to the optimistic assumptions that are sometimes embedded in the share price.

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News

Trading Information

Previous Close Price
$183.17
Day Range
$178.87184.43
52-Week Range
$152.34256.88
Bid/Ask
$163.68 / $186.23
Market Cap
$46.57 Bil
Volume/Avg
1.4 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
63.00
Price/Sales
11.10
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
0.69%

Company Profile

Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.
Sector
Technology
Industry
Software - Application
Stock Style Box
Mid Growth
Total Number of Employees
10,726

Competitors

Valuation

Metric
TEAM
MSFT
NOW
Price/Earnings (Normalized)
63.0038.4062.32
Price/Book Value
41.0913.0218.65
Price/Sales
11.1014.0016.03
Price/Cash Flow
47.4329.7740.33
Price/Earnings
TEAM
MSFT
NOW

Financial Strength

Metric
TEAM
MSFT
NOW
Quick Ratio
1.121.050.91
Current Ratio
1.181.241.05
Interest Coverage
−3.7638.5038.58
Quick Ratio
TEAM
MSFT
NOW

Profitability

Metric
TEAM
MSFT
NOW
Return on Assets (Normalized)
17.13%19.65%15.52%
Return on Equity (Normalized)
91.10%38.71%34.41%
Return on Invested Capital (Normalized)
33.35%28.79%23.41%
Return on Assets
TEAM
MSFT
NOW
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