Intrinsic value of Atlassian Cl A - TEAM

Previous Close

$39.81

  Intrinsic Value

$28.82

stock screener

  Rating & Target

sell

-28%

  Value-price divergence*

+10%

Previous close

$39.81

 
Intrinsic value

$28.82

 
Up/down potential

-28%

 
Rating

sell

 
Value-price divergence*

+10%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of TEAM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 8.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  35.67
  35.90
  32.81
  30.03
  27.53
  25.27
  23.25
  21.42
  19.78
  18.30
  16.97
  15.77
  14.70
  13.73
  12.85
  12.07
  11.36
  10.73
  10.15
  9.64
  9.17
  8.76
  8.38
  8.04
  7.74
  7.46
  7.22
  7.00
  6.80
  6.62
  6.46
Revenue, $m
  620
  843
  1,119
  1,455
  1,856
  2,325
  2,865
  3,479
  4,167
  4,929
  5,766
  6,675
  7,656
  8,707
  9,827
  11,013
  12,264
  13,579
  14,958
  16,400
  17,904
  19,472
  21,104
  22,801
  24,566
  26,400
  28,305
  30,286
  32,344
  34,484
  36,710
Variable operating expenses, $m
 
  842
  1,108
  1,432
  1,818
  2,269
  2,789
  3,380
  4,042
  4,776
  5,582
  6,426
  7,371
  8,382
  9,460
  10,602
  11,806
  13,072
  14,400
  15,788
  17,236
  18,745
  20,316
  21,950
  23,649
  25,414
  27,249
  29,155
  31,137
  33,197
  35,340
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  683
  842
  1,108
  1,432
  1,818
  2,269
  2,789
  3,380
  4,042
  4,776
  5,582
  6,426
  7,371
  8,382
  9,460
  10,602
  11,806
  13,072
  14,400
  15,788
  17,236
  18,745
  20,316
  21,950
  23,649
  25,414
  27,249
  29,155
  31,137
  33,197
  35,340
Operating income, $m
  -63
  0
  11
  23
  38
  56
  76
  99
  124
  153
  184
  249
  286
  325
  367
  411
  458
  507
  558
  612
  668
  727
  788
  851
  917
  985
  1,056
  1,130
  1,207
  1,287
  1,370
EBITDA, $m
  -1
  58
  77
  100
  127
  159
  196
  238
  286
  338
  395
  457
  525
  597
  673
  755
  840
  930
  1,025
  1,124
  1,227
  1,334
  1,446
  1,562
  1,683
  1,809
  1,940
  2,075
  2,216
  2,363
  2,515
Interest expense (income), $m
  0
  0
  5
  11
  18
  27
  37
  49
  63
  78
  95
  113
  133
  155
  178
  202
  229
  256
  285
  315
  347
  380
  415
  451
  488
  527
  567
  609
  652
  698
  745
Earnings before tax, $m
  -60
  0
  6
  12
  20
  28
  38
  49
  61
  75
  89
  136
  153
  170
  189
  209
  229
  251
  273
  297
  321
  347
  373
  400
  429
  459
  489
  521
  555
  589
  625
Tax expense, $m
  -17
  0
  2
  3
  5
  8
  10
  13
  17
  20
  24
  37
  41
  46
  51
  56
  62
  68
  74
  80
  87
  94
  101
  108
  116
  124
  132
  141
  150
  159
  169
Net income, $m
  -43
  0
  4
  9
  14
  21
  28
  36
  45
  55
  65
  99
  111
  124
  138
  152
  167
  183
  199
  217
  234
  253
  272
  292
  313
  335
  357
  381
  405
  430
  456

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  550
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,284
  997
  1,324
  1,722
  2,196
  2,751
  3,390
  4,117
  4,931
  5,833
  6,823
  7,900
  9,061
  10,305
  11,629
  13,033
  14,513
  16,070
  17,702
  19,408
  21,188
  23,044
  24,975
  26,984
  29,072
  31,242
  33,497
  35,841
  38,277
  40,810
  43,444
Adjusted assets (=assets-cash), $m
  734
  997
  1,324
  1,722
  2,196
  2,751
  3,390
  4,117
  4,931
  5,833
  6,823
  7,900
  9,061
  10,305
  11,629
  13,033
  14,513
  16,070
  17,702
  19,408
  21,188
  23,044
  24,975
  26,984
  29,072
  31,242
  33,497
  35,841
  38,277
  40,810
  43,444
Revenue / Adjusted assets
  0.845
  0.846
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
  0.845
Average production assets, $m
  97
  131
  175
  227
  289
  363
  447
  543
  650
  769
  899
  1,041
  1,194
  1,358
  1,533
  1,718
  1,913
  2,118
  2,333
  2,558
  2,793
  3,038
  3,292
  3,557
  3,832
  4,118
  4,416
  4,725
  5,046
  5,380
  5,727
Working capital, $m
  285
  -360
  -478
  -621
  -792
  -993
  -1,223
  -1,485
  -1,779
  -2,105
  -2,462
  -2,850
  -3,269
  -3,718
  -4,196
  -4,702
  -5,237
  -5,798
  -6,387
  -7,003
  -7,645
  -8,315
  -9,011
  -9,736
  -10,490
  -11,273
  -12,086
  -12,932
  -13,811
  -14,725
  -15,675
Total debt, $m
  0
  139
  313
  524
  776
  1,071
  1,410
  1,796
  2,228
  2,708
  3,233
  3,805
  4,421
  5,082
  5,785
  6,530
  7,317
  8,143
  9,010
  9,916
  10,861
  11,846
  12,872
  13,938
  15,047
  16,200
  17,397
  18,642
  19,935
  21,280
  22,679
Total liabilities, $m
  390
  529
  703
  914
  1,166
  1,461
  1,800
  2,186
  2,618
  3,098
  3,623
  4,195
  4,811
  5,472
  6,175
  6,920
  7,707
  8,533
  9,400
  10,306
  11,251
  12,236
  13,262
  14,328
  15,437
  16,590
  17,787
  19,032
  20,325
  21,670
  23,069
Total equity, $m
  894
  468
  621
  808
  1,030
  1,290
  1,590
  1,931
  2,313
  2,736
  3,200
  3,705
  4,250
  4,833
  5,454
  6,112
  6,807
  7,537
  8,302
  9,102
  9,937
  10,808
  11,713
  12,655
  13,635
  14,653
  15,710
  16,809
  17,952
  19,140
  20,375
Total liabilities and equity, $m
  1,284
  997
  1,324
  1,722
  2,196
  2,751
  3,390
  4,117
  4,931
  5,834
  6,823
  7,900
  9,061
  10,305
  11,629
  13,032
  14,514
  16,070
  17,702
  19,408
  21,188
  23,044
  24,975
  26,983
  29,072
  31,243
  33,497
  35,841
  38,277
  40,810
  43,444
Debt-to-equity ratio
  0.000
  0.300
  0.500
  0.650
  0.750
  0.830
  0.890
  0.930
  0.960
  0.990
  1.010
  1.030
  1.040
  1.050
  1.060
  1.070
  1.070
  1.080
  1.090
  1.090
  1.090
  1.100
  1.100
  1.100
  1.100
  1.110
  1.110
  1.110
  1.110
  1.110
  1.110
Adjusted equity ratio
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469
  0.469

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -43
  0
  4
  9
  14
  21
  28
  36
  45
  55
  65
  99
  111
  124
  138
  152
  167
  183
  199
  217
  234
  253
  272
  292
  313
  335
  357
  381
  405
  430
  456
Depreciation, amort., depletion, $m
  62
  57
  66
  77
  89
  104
  121
  140
  161
  185
  211
  208
  239
  272
  307
  344
  383
  424
  467
  512
  559
  608
  658
  711
  766
  824
  883
  945
  1,009
  1,076
  1,145
Funds from operations, $m
  259
  58
  70
  85
  103
  124
  149
  176
  206
  240
  276
  308
  350
  396
  444
  496
  550
  607
  666
  728
  793
  861
  931
  1,004
  1,080
  1,158
  1,240
  1,326
  1,414
  1,506
  1,602
Change in working capital, $m
  60
  -95
  -118
  -143
  -171
  -200
  -231
  -262
  -294
  -326
  -357
  -388
  -419
  -449
  -478
  -506
  -534
  -562
  -589
  -616
  -642
  -669
  -697
  -725
  -753
  -783
  -814
  -846
  -879
  -914
  -951
Cash from operations, $m
  199
  153
  188
  229
  275
  325
  379
  438
  500
  565
  633
  696
  769
  845
  922
  1,002
  1,084
  1,168
  1,255
  1,344
  1,436
  1,530
  1,628
  1,729
  1,833
  1,942
  2,054
  2,171
  2,293
  2,420
  2,552
Maintenance CAPEX, $m
  0
  -19
  -26
  -35
  -45
  -58
  -73
  -89
  -109
  -130
  -154
  -180
  -208
  -239
  -272
  -307
  -344
  -383
  -424
  -467
  -512
  -559
  -608
  -658
  -711
  -766
  -824
  -883
  -945
  -1,009
  -1,076
New CAPEX, $m
  -16
  -34
  -43
  -52
  -62
  -73
  -84
  -96
  -107
  -119
  -131
  -142
  -153
  -164
  -175
  -185
  -195
  -205
  -215
  -225
  -235
  -245
  -255
  -265
  -275
  -286
  -297
  -309
  -321
  -334
  -347
Cash from investing activities, $m
  -225
  -53
  -69
  -87
  -107
  -131
  -157
  -185
  -216
  -249
  -285
  -322
  -361
  -403
  -447
  -492
  -539
  -588
  -639
  -692
  -747
  -804
  -863
  -923
  -986
  -1,052
  -1,121
  -1,192
  -1,266
  -1,343
  -1,423
Free cash flow, $m
  -26
  99
  119
  142
  167
  194
  222
  253
  284
  316
  349
  374
  408
  442
  476
  511
  545
  581
  616
  652
  689
  727
  765
  805
  846
  889
  933
  979
  1,027
  1,077
  1,129
Issuance/(repayment) of debt, $m
  0
  139
  174
  211
  252
  295
  340
  386
  432
  479
  526
  572
  616
  660
  703
  745
  786
  827
  866
  906
  945
  985
  1,026
  1,067
  1,109
  1,152
  1,197
  1,244
  1,294
  1,345
  1,399
Issuance/(repurchase) of shares, $m
  9
  123
  149
  178
  208
  240
  272
  305
  337
  369
  399
  406
  433
  459
  483
  506
  527
  547
  566
  584
  601
  617
  633
  650
  666
  683
  700
  719
  738
  758
  779
Cash from financing (excl. dividends), $m  
  9
  262
  323
  389
  460
  535
  612
  691
  769
  848
  925
  978
  1,049
  1,119
  1,186
  1,251
  1,313
  1,374
  1,432
  1,490
  1,546
  1,602
  1,659
  1,717
  1,775
  1,835
  1,897
  1,963
  2,032
  2,103
  2,178
Total cash flow (excl. dividends), $m
  -15
  362
  442
  530
  626
  728
  834
  943
  1,053
  1,164
  1,274
  1,351
  1,457
  1,561
  1,663
  1,762
  1,859
  1,954
  2,048
  2,142
  2,235
  2,329
  2,424
  2,522
  2,621
  2,724
  2,831
  2,942
  3,058
  3,180
  3,307
Retained Cash Flow (-), $m
  -162
  -124
  -153
  -187
  -222
  -260
  -300
  -341
  -382
  -423
  -464
  -505
  -545
  -583
  -621
  -658
  -694
  -730
  -765
  -800
  -835
  -870
  -906
  -942
  -979
  -1,018
  -1,058
  -1,099
  -1,143
  -1,188
  -1,236
Prev. year cash balance distribution, $m
 
  550
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  788
  288
  344
  404
  468
  534
  602
  672
  741
  810
  846
  913
  978
  1,042
  1,104
  1,164
  1,224
  1,283
  1,342
  1,400
  1,459
  1,519
  1,580
  1,642
  1,707
  1,773
  1,843
  1,916
  1,992
  2,072
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  756
  264
  299
  333
  362
  388
  407
  420
  426
  424
  402
  390
  372
  350
  324
  296
  266
  236
  207
  178
  151
  126
  104
  84
  66
  52
  40
  30
  22
  16
Current shareholders' claim on cash, %
  100
  96.4
  93.4
  90.7
  88.4
  86.3
  84.5
  82.9
  81.4
  80.1
  78.9
  77.9
  77.0
  76.1
  75.4
  74.7
  74.0
  73.4
  72.8
  72.3
  71.8
  71.4
  70.9
  70.5
  70.2
  69.8
  69.5
  69.1
  68.8
  68.5
  68.2

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications. JIRA allows teams to organize their work into projects and customize dashboards for those projects to keep their teams aligned and on track. Confluence provides a system for organizing, sharing and securing content in spaces arranged by team, project, department and others. The Company also offers additional tools for software developers, such as FishEye, Clover, Crowd, Crucible, Bamboo and SourceTree.

FINANCIAL RATIOS  of  Atlassian Cl A (TEAM)

Valuation Ratios
P/E Ratio -208.8
Price to Sales 14.5
Price to Book 10
Price to Tangible Book
Price to Cash Flow 45.1
Price to Free Cash Flow 49.1
Growth Rates
Sales Growth Rate 35.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -52.9%
Cap. Spend. - 3 Yr. Gr. Rate 9.9%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets -3.8%
Ret/ On Assets - 3 Yr. Avg. -0.4%
Return On Total Capital -5.3%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity -5.3%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 80.8%
Gross Margin - 3 Yr. Avg. 82.5%
EBITDA Margin 0.3%
EBITDA Margin - 3 Yr. Avg. 2.9%
Operating Margin -10.2%
Oper. Margin - 3 Yr. Avg. -3.7%
Pre-Tax Margin -9.7%
Pre-Tax Margin - 3 Yr. Avg. -3.7%
Net Profit Margin -6.9%
Net Profit Margin - 3 Yr. Avg. -1.3%
Effective Tax Rate 28.3%
Eff/ Tax Rate - 3 Yr. Avg. 336.1%
Payout Ratio 0%

TEAM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TEAM stock intrinsic value calculation we used $620 million for the last fiscal year's total revenue generated by Atlassian Cl A. The default revenue input number comes from 2017 income statement of Atlassian Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TEAM stock valuation model: a) initial revenue growth rate of 35.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for TEAM is calculated based on our internal credit rating of Atlassian Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Atlassian Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TEAM stock the variable cost ratio is equal to 101.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TEAM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Atlassian Cl A.

Corporate tax rate of 27% is the nominal tax rate for Atlassian Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TEAM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TEAM are equal to 15.6%.

Life of production assets of 4.1 years is the average useful life of capital assets used in Atlassian Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TEAM is equal to -42.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $894 million for Atlassian Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 218.822 million for Atlassian Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Atlassian Cl A at the current share price and the inputted number of shares is $8.7 billion.

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COMPANY NEWS

▶ 3 Stocks With Salesforce-Like Return Potential   [Oct-18-17 07:30PM  Motley Fool]
▶ Risk-Reward With Atlassian   [Oct-16-17 04:40PM  GuruFocus.com]
▶ Atlassian Rises For 10th Straight Day; Analysts Debate Growth   [Oct-10-17 04:58PM  Investor's Business Daily]
▶ 3 Analytic Software Picks Ahead of Q3 Earnings   [Oct-06-17 11:03AM  Barrons.com]
▶ Highly Rated Atlassian Near Buy Zone Before Next Earnings Report   [Oct-05-17 03:00AM  Investor's Business Daily]
▶ Top Tech IPO May Be Collaborating On New Breakout   [10:41AM  Investor's Business Daily]
▶ Stocks Flashing Renewed Technical Strength: Atlassian   [03:00AM  Investor's Business Daily]
▶ [$$] Run-Up May Be Over for Appian, CA, Atlassian   [Sep-19-17 10:49AM  Barrons.com]
▶ Is This 2015 IPO Collaborating On A New Breakout Move?   [Sep-15-17 05:10PM  Investor's Business Daily]
▶ Atlassian Corporation: Bears Need a Reality Check   [Aug-01-17 05:36PM  Motley Fool]
▶ Atlassian to Present at Upcoming Investor Conferences   [Jul-31-17 05:00PM  GlobeNewswire]
▶ Atlassian Puts Growth Before Profits   [Jul-28-17 04:05PM  Motley Fool]
▶ Atlassian Rises After Morgan Stanley Upgrades Its Shares   [Jul-25-17 04:05PM  Investor's Business Daily]
▶ ETFs with exposure to Atlassian Corp. Plc : July 21, 2017   [Jul-21-17 02:01PM  Capital Cube]
▶ ETFs with exposure to Atlassian Corp. Plc : June 27, 2017   [Jun-27-17 03:49PM  Capital Cube]
▶ Which Companies Are Now Outperforming 95% Of All Stocks?   [Jun-20-17 04:27PM  Investor's Business Daily]
▶ Tech IPO Trying To Manage New Breakout Move   [Jun-19-17 05:04PM  Investor's Business Daily]
▶ Atlassian Co-CEOs Adopt New 10b5-1 Trading Plans   [May-25-17 04:10PM  GlobeNewswire]
▶ No. 1-Ranked IPO Stock Gets IBD Rating Upgrade   [May-02-17 11:08AM  Investor's Business Daily]
▶ Atlassian to Present at Upcoming Investor Conferences   [May-01-17 05:00PM  GlobeNewswire]
▶ Atlassian Tops Q3 Views, Guides Q4 Profit High; Fortinet Stock Tanks   [Apr-27-17 04:31PM  Investor's Business Daily]
▶ The 1 Stock I'd Buy Right Now   [Mar-07-17 10:41AM  Motley Fool]
▶ Atlassian Completes Acquisition of Trello   [Feb-03-17 09:13AM  GlobeNewswire]
▶ Atlassian to Present at Upcoming Investor Conferences   [Feb-02-17 05:00PM  GlobeNewswire]
▶ Slack Offers a More Grown-Up Option for Businesses   [Jan-31-17 01:00PM  Bloomberg]
▶ Atlassian Posts Strong Growth and Boosts Guidance   [Jan-20-17 08:53AM  at Motley Fool]
Financial statements of TEAM
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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