Intrinsic value of Atlassian Cl A - TEAM

Previous Close

$47.03

  Intrinsic Value

$36.88

stock screener

  Rating & Target

sell

-22%

Previous close

$47.03

 
Intrinsic value

$36.88

 
Up/down potential

-22%

 
Rating

sell

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 10.7

 

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
  41.60
  37.94
  34.65
  31.68
  29.01
  26.61
  24.45
  22.51
  20.76
  19.18
  17.76
  16.49
  15.34
  14.30
  13.37
  12.54
  11.78
  11.10
  10.49
  9.94
  9.45
  9.00
  8.60
  8.24
  7.92
  7.63
  7.36
  7.13
  6.92
  6.72
Revenue, $m
  620
  878
  1,211
  1,631
  2,147
  2,770
  3,507
  4,365
  5,347
  6,457
  7,695
  9,062
  10,556
  12,175
  13,917
  15,778
  17,756
  19,848
  22,051
  24,365
  26,788
  29,320
  31,960
  34,710
  37,571
  40,547
  43,639
  46,853
  50,193
  53,664
  57,272
Variable operating expenses, $m
 
  876
  1,197
  1,601
  2,098
  2,698
  3,408
  4,233
  5,179
  6,247
  7,439
  8,724
  10,162
  11,721
  13,397
  15,189
  17,093
  19,107
  21,228
  23,456
  25,788
  28,225
  30,767
  33,414
  36,169
  39,033
  42,011
  45,105
  48,320
  51,661
  55,135
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
  876
  1,197
  1,601
  2,098
  2,698
  3,408
  4,233
  5,179
  6,247
  7,439
  8,724
  10,162
  11,721
  13,397
  15,189
  17,093
  19,107
  21,228
  23,456
  25,788
  28,225
  30,767
  33,414
  36,169
  39,033
  42,011
  45,105
  48,320
  51,661
  55,135
Operating income, $m
  -63
  2
  14
  30
  49
  72
  100
  132
  168
  210
  256
  338
  394
  454
  519
  589
  663
  741
  823
  909
  1,000
  1,094
  1,193
  1,295
  1,402
  1,513
  1,629
  1,749
  1,873
  2,003
  2,138
EBITDA, $m
  -1
  66
  91
  123
  162
  209
  264
  329
  403
  486
  580
  683
  795
  917
  1,048
  1,188
  1,337
  1,495
  1,661
  1,835
  2,018
  2,208
  2,407
  2,614
  2,830
  3,054
  3,287
  3,529
  3,781
  4,042
  4,314
Interest expense (income), $m
  0
  0
  6
  13
  22
  34
  47
  63
  82
  104
  128
  156
  186
  219
  254
  292
  333
  377
  423
  471
  522
  576
  631
  689
  750
  813
  878
  946
  1,017
  1,090
  1,167
Earnings before tax, $m
  -60
  2
  8
  17
  27
  39
  52
  68
  86
  106
  128
  183
  208
  236
  265
  296
  329
  364
  400
  438
  478
  519
  562
  606
  652
  701
  751
  803
  856
  913
  971
Tax expense, $m
  -17
  0
  2
  5
  7
  10
  14
  18
  23
  29
  34
  49
  56
  64
  72
  80
  89
  98
  108
  118
  129
  140
  152
  164
  176
  189
  203
  217
  231
  246
  262
Net income, $m
  -43
  1
  6
  12
  20
  28
  38
  50
  63
  77
  93
  133
  152
  172
  194
  216
  240
  266
  292
  320
  349
  379
  410
  443
  476
  511
  548
  586
  625
  666
  709

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
  1,039
  1,433
  1,930
  2,541
  3,278
  4,151
  5,166
  6,328
  7,641
  9,107
  10,725
  12,493
  14,409
  16,469
  18,672
  21,013
  23,488
  26,096
  28,835
  31,702
  34,698
  37,822
  41,077
  44,463
  47,984
  51,644
  55,448
  59,400
  63,508
  67,778
Adjusted assets (=assets-cash), $m
  734
  1,039
  1,433
  1,930
  2,541
  3,278
  4,151
  5,166
  6,328
  7,641
  9,107
  10,725
  12,493
  14,409
  16,469
  18,672
  21,013
  23,488
  26,096
  28,835
  31,702
  34,698
  37,822
  41,077
  44,463
  47,984
  51,644
  55,448
  59,400
  63,508
  67,778
Revenue / Adjusted assets
  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
  0.845
  0.845
Average production assets, $m
  118
  167
  230
  310
  408
  526
  666
  829
  1,016
  1,227
  1,462
  1,722
  2,006
  2,313
  2,644
  2,998
  3,374
  3,771
  4,190
  4,629
  5,090
  5,571
  6,072
  6,595
  7,139
  7,704
  8,291
  8,902
  9,537
  10,196
  10,882
Working capital, $m
  285
  -375
  -517
  -696
  -917
  -1,183
  -1,498
  -1,864
  -2,283
  -2,757
  -3,286
  -3,870
  -4,508
  -5,199
  -5,942
  -6,737
  -7,582
  -8,475
  -9,416
  -10,404
  -11,439
  -12,520
  -13,647
  -14,821
  -16,043
  -17,313
  -18,634
  -20,006
  -21,432
  -22,915
  -24,455
Total debt, $m
  0
  162
  371
  635
  959
  1,351
  1,814
  2,353
  2,970
  3,668
  4,446
  5,305
  6,244
  7,261
  8,355
  9,525
  10,768
  12,082
  13,467
  14,921
  16,444
  18,035
  19,694
  21,422
  23,220
  25,090
  27,033
  29,053
  31,151
  33,333
  35,600
Total liabilities, $m
  390
  552
  761
  1,025
  1,349
  1,741
  2,204
  2,743
  3,360
  4,058
  4,836
  5,695
  6,634
  7,651
  8,745
  9,915
  11,158
  12,472
  13,857
  15,311
  16,834
  18,425
  20,084
  21,812
  23,610
  25,480
  27,423
  29,443
  31,541
  33,723
  35,990
Total equity, $m
  894
  487
  672
  905
  1,192
  1,537
  1,947
  2,423
  2,968
  3,584
  4,271
  5,030
  5,859
  6,758
  7,724
  8,757
  9,855
  11,016
  12,239
  13,523
  14,868
  16,273
  17,739
  19,265
  20,853
  22,505
  24,221
  26,005
  27,859
  29,785
  31,788
Total liabilities and equity, $m
  1,284
  1,039
  1,433
  1,930
  2,541
  3,278
  4,151
  5,166
  6,328
  7,642
  9,107
  10,725
  12,493
  14,409
  16,469
  18,672
  21,013
  23,488
  26,096
  28,834
  31,702
  34,698
  37,823
  41,077
  44,463
  47,985
  51,644
  55,448
  59,400
  63,508
  67,778
Debt-to-equity ratio
  0.000
  0.330
  0.550
  0.700
  0.800
  0.880
  0.930
  0.970
  1.000
  1.020
  1.040
  1.050
  1.070
  1.070
  1.080
  1.090
  1.090
  1.100
  1.100
  1.100
  1.110
  1.110
  1.110
  1.110
  1.110
  1.110
  1.120
  1.120
  1.120
  1.120
  1.120
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
  1
  6
  12
  20
  28
  38
  50
  63
  77
  93
  133
  152
  172
  194
  216
  240
  266
  292
  320
  349
  379
  410
  443
  476
  511
  548
  586
  625
  666
  709
Depreciation, amort., depletion, $m
  62
  65
  77
  93
  113
  136
  164
  197
  234
  277
  324
  344
  401
  463
  529
  600
  675
  754
  838
  926
  1,018
  1,114
  1,214
  1,319
  1,428
  1,541
  1,658
  1,780
  1,907
  2,039
  2,176
Funds from operations, $m
  259
  66
  83
  105
  132
  165
  203
  247
  297
  354
  417
  478
  553
  635
  722
  816
  915
  1,020
  1,130
  1,246
  1,367
  1,493
  1,624
  1,761
  1,904
  2,052
  2,206
  2,366
  2,533
  2,705
  2,885
Change in working capital, $m
  60
  -110
  -142
  -179
  -221
  -266
  -315
  -366
  -419
  -474
  -529
  -584
  -638
  -691
  -744
  -795
  -845
  -893
  -941
  -988
  -1,035
  -1,081
  -1,127
  -1,174
  -1,222
  -1,271
  -1,321
  -1,372
  -1,426
  -1,482
  -1,541
Cash from operations, $m
  199
  176
  226
  284
  353
  431
  518
  613
  717
  828
  946
  1,061
  1,191
  1,326
  1,466
  1,611
  1,760
  1,913
  2,071
  2,234
  2,401
  2,574
  2,752
  2,936
  3,126
  3,323
  3,527
  3,739
  3,959
  4,188
  4,426
Maintenance CAPEX, $m
  0
  -24
  -33
  -46
  -62
  -82
  -105
  -133
  -166
  -203
  -245
  -292
  -344
  -401
  -463
  -529
  -600
  -675
  -754
  -838
  -926
  -1,018
  -1,114
  -1,214
  -1,319
  -1,428
  -1,541
  -1,658
  -1,780
  -1,907
  -2,039
New CAPEX, $m
  -16
  -49
  -63
  -80
  -98
  -118
  -140
  -163
  -187
  -211
  -235
  -260
  -284
  -308
  -331
  -354
  -376
  -397
  -419
  -440
  -460
  -481
  -502
  -522
  -544
  -565
  -588
  -611
  -635
  -660
  -686
Cash from investing activities, $m
  -225
  -73
  -96
  -126
  -160
  -200
  -245
  -296
  -353
  -414
  -480
  -552
  -628
  -709
  -794
  -883
  -976
  -1,072
  -1,173
  -1,278
  -1,386
  -1,499
  -1,616
  -1,736
  -1,863
  -1,993
  -2,129
  -2,269
  -2,415
  -2,567
  -2,725
Free cash flow, $m
  -26
  103
  129
  159
  193
  231
  272
  317
  364
  414
  465
  509
  563
  617
  673
  728
  784
  841
  898
  956
  1,015
  1,075
  1,136
  1,199
  1,263
  1,330
  1,398
  1,470
  1,544
  1,621
  1,701
Issuance/(repayment) of debt, $m
  0
  162
  209
  264
  325
  391
  463
  539
  617
  697
  778
  859
  939
  1,017
  1,094
  1,169
  1,243
  1,315
  1,385
  1,454
  1,523
  1,591
  1,659
  1,728
  1,798
  1,870
  1,943
  2,020
  2,099
  2,181
  2,267
Issuance/(repurchase) of shares, $m
  9
  142
  179
  221
  267
  318
  371
  426
  482
  539
  594
  625
  677
  726
  773
  817
  857
  895
  931
  965
  996
  1,026
  1,055
  1,084
  1,112
  1,140
  1,169
  1,198
  1,228
  1,260
  1,294
Cash from financing (excl. dividends), $m  
  9
  304
  388
  485
  592
  709
  834
  965
  1,099
  1,236
  1,372
  1,484
  1,616
  1,743
  1,867
  1,986
  2,100
  2,210
  2,316
  2,419
  2,519
  2,617
  2,714
  2,812
  2,910
  3,010
  3,112
  3,218
  3,327
  3,441
  3,561
Total cash flow (excl. dividends), $m
  -15
  407
  517
  643
  785
  940
  1,106
  1,282
  1,464
  1,650
  1,837
  1,993
  2,179
  2,361
  2,540
  2,714
  2,885
  3,051
  3,214
  3,375
  3,534
  3,692
  3,850
  4,011
  4,173
  4,339
  4,510
  4,687
  4,871
  5,062
  5,262
Retained Cash Flow (-), $m
  -162
  -143
  -185
  -233
  -287
  -346
  -409
  -476
  -545
  -616
  -687
  -759
  -829
  -899
  -967
  -1,033
  -1,098
  -1,161
  -1,223
  -1,284
  -1,345
  -1,405
  -1,465
  -1,526
  -1,588
  -1,651
  -1,717
  -1,784
  -1,854
  -1,927
  -2,003
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
 
  814
  332
  410
  498
  594
  697
  806
  919
  1,034
  1,150
  1,235
  1,350
  1,463
  1,573
  1,681
  1,787
  1,890
  1,991
  2,090
  2,189
  2,287
  2,385
  2,484
  2,585
  2,688
  2,794
  2,903
  3,017
  3,136
  3,260
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
 
  780
  304
  357
  410
  460
  506
  544
  574
  594
  603
  586
  576
  556
  528
  494
  454
  411
  367
  322
  278
  237
  198
  163
  132
  105
  82
  62
  47
  34
  25
Current shareholders' claim on cash, %
  100
  96.0
  92.6
  89.7
  87.1
  84.9
  82.9
  81.1
  79.5
  78.1
  76.8
  75.7
  74.7
  73.8
  72.9
  72.2
  71.5
  70.8
  70.2
  69.7
  69.2
  68.7
  68.3
  67.9
  67.5
  67.1
  66.8
  66.4
  66.1
  65.8
  65.5

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 -248.6
Price to Sales 17.2
Price to Book 12
Price to Tangible Book
Price to Cash Flow 53.7
Price to Free Cash Flow 58.4
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 41.6% 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 19%.

Life of production assets of 4.5 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 228.423 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 $10.7 billion.

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COMPANY NEWS

▶ Atlassian Corp.: Cramer's Top Takeaways   [Dec-16-17 06:48AM  TheStreet.com]
▶ Taking Profits Early Is A Key Tenet Of Swing Trades   [Nov-17-17 04:39PM  Investor's Business Daily]
▶ Atlassian to Present at Upcoming Investor Conferences   [Nov-01-17 05:00PM  GlobeNewswire]
▶ This IBD 50 Stock Just Broke Out With Q3 Earnings Due   [04:18PM  Investor's Business Daily]
▶ Company News For Oct 23, 2017   [Oct-23-17 09:29AM  Zacks]
▶ Atlassian's One-Two Punch: Pricing Power And Customer Growth   [04:44PM  Investor's Business Daily]
▶ Why Shares of Atlassian Are Jumping Today   [12:32PM  Motley Fool]
▶ Atlassian is on one heck of a run   [Oct-19-17 05:15PM  TechCrunch]
▶ 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]
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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