Atlassian
Market Cap
US$35.8b
Last Updated
2020/02/22 02:35 UTC
Data Sources
Company Financials +
Executive Summary
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Atlassian's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TEAM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.5%
TEAM
-2.6%
US Software
-1.0%
US Market
1 Year Return
38.7%
TEAM
35.8%
US Software
18.0%
US Market
Return vs Industry: TEAM exceeded the US Software industry which returned 35.8% over the past year.
Return vs Market: TEAM exceeded the US Market which returned 18% over the past year.
Shareholder returns
| TEAM | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.5% | -2.6% | -1.0% |
| 30 Day | 10.0% | 4.9% | 0.6% |
| 90 Day | 15.8% | 15.2% | 7.9% |
| 1 Year | 38.7%38.7% | 37.3%35.8% | 20.4%18.0% |
| 3 Year | 398.6%398.6% | 145.0%134.6% | 48.0%38.5% |
| 5 Year | n/a | 214.6%191.9% | 72.2%53.3% |
Price Volatility Vs. Market
How volatile is Atlassian's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
A Look At The Fair Value Of Atlassian Corporation Plc (NASDAQ:TEAM)3 weeks ago | Simply Wall St
Is Atlassian Corporation Plc (NASDAQ:TEAM) Overpaying Its CEO?1 month ago | Simply Wall St
When Should You Buy Atlassian Corporation Plc (NASDAQ:TEAM)?Valuation
Is Atlassian undervalued compared to its fair value and its price relative to the market?
7.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TEAM ($145.93) is trading below our estimate of fair value ($158.49)
Significantly Below Fair Value: TEAM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TEAM is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: TEAM is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TEAM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TEAM is overvalued based on its PB Ratio (40x) compared to the US Software industry average (5.9x).
Next Steps
Future Growth
How is Atlassian forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
3.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TEAM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: TEAM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TEAM's is expected to become profitable in the next 3 years.
Revenue vs Market: TEAM's revenue (22% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: TEAM's revenue (22% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TEAM's Return on Equity is forecast to be high in 3 years time (29.1%)
Next Steps
Past Performance
How has Atlassian performed over the past 5 years?
-74.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEAM is currently unprofitable.
Growing Profit Margin: TEAM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TEAM is unprofitable, and losses have increased over the past 5 years at a rate of -74.5% per year.
Accelerating Growth: Unable to compare TEAM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TEAM is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.4%).
Return on Equity
High ROE: TEAM has a negative Return on Equity (-27.59%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Atlassian's financial position?
Financial Position Analysis
Short Term Liabilities: TEAM's short term assets ($2.3B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: TEAM's short term assets ($2.3B) exceed its long term liabilities ($312.6M).
Debt to Equity History and Analysis
Debt Level: TEAM's debt to equity ratio (97.3%) is considered high.
Reducing Debt: Insufficient data to determine if TEAM's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: TEAM has a low level of unsold assets or inventory.
Debt Coverage by Assets: TEAM's debt is covered by short term assets (assets are 2.7x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TEAM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TEAM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39% per year.
Next Steps
Dividend
What is Atlassian's current dividend yield, its reliability and sustainability?
0.021%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TEAM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TEAM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TEAM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TEAM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TEAM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Mike Cannon-Brookes (40yo)
17.3yrs
Tenure
US$299,986
Compensation
Mr. Michael Cannon-Brookes, also known as Mike, is a Co-Founder of Atlassian Corporation Plc and has been its Co-Chief Executive Officer since October 2002. Mr. Cannon-Brookes co-founded Atlassian, Inc. (a ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD299.99K) is below average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 17.3yrs | US$299.99k | 24.65% $8.8b | |
| Co-Founder | 17.3yrs | US$299.99k | 2.47% $883.6m | |
| President | 8.5yrs | no data | 0.34% $121.6m | |
| Chief Financial Officer | 2yrs | no data | 0.0022% $791.5k | |
| Principal Accounting Officer & Controller | 1.2yrs | no data | no data | |
| Chief Technology Officer | 4.1yrs | no data | 0.10% $36.1m | |
| Head of Investor Relations | 0yrs | no data | no data | |
| General Counsel | 0.3yrs | no data | no data | |
| Senior Manager of Investor Relations | 0yrs | no data | no data |
4.1yrs
Average Tenure
43yo
Average Age
Experienced Management: TEAM's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 17.3yrs | US$299.99k | 24.65% $8.8b | |
| Co-Founder | 17.3yrs | US$299.99k | 2.47% $883.6m | |
| Independent Director | 6.4yrs | US$275.02k | 0.051% $18.4m | |
| Independent Director | 4.3yrs | US$295.02k | 0.016% $5.6m | |
| Independent Director | 9.6yrs | US$285.02k | 0.058% $20.6m | |
| Chair of the Board | 1.8yrs | US$325.21k | 0.010% $3.6m | |
| Independent Director | 1.8yrs | US$275.29k | 0.0014% $483.5k | |
| Independent Director | 4.3yrs | US$275.02k | 0.0054% $1.9m | |
| Independent Director | 6.6yrs | US$275.02k | 0.0061% $2.2m |
6.4yrs
Average Tenure
49yo
Average Age
Experienced Board: TEAM's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Top Shareholders
Company Information
Atlassian Corporation Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Atlassian Corporation Plc
- Ticker: TEAM
- Exchange: NasdaqGS
- Founded: 2002
- Industry: Application Software
- Sector: Software
- Market Cap: US$35.815b
- Shares outstanding: 245.43m
- Website: https://www.atlassian.com
Number of Employees
Location
- Atlassian Corporation Plc
- 341 George Street
- Level 6
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TEAM | NasdaqGS (Nasdaq Global Select) | Yes | Class A Ordinary Shares | US | USD | Dec 2015 |
| 59A | DB (Deutsche Boerse AG) | Yes | Class A Ordinary Shares | DE | EUR | Dec 2015 |
| TEAM N | BMV (Bolsa Mexicana de Valores) | Yes | Class A Ordinary Shares | MX | MXN | Dec 2015 |
Biography
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company’s products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product, which captures and adds structure to fluid fast-forming work for teams. Its products also comprise Bitbucket, a code management and collaboration product for teams using distributed version control systems; and Jira Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams. In addition, the company offers Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions; Jira Align that enables enterprise organizations build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and other tools comprising Atlassian Access, Bamboo, Crowd, Crucible, Fisheye, Jira Portfolio, Sourcetree, and Statuspage. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 02:35 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.