Intrinsic value of Atlassian Cl A - TEAM

Previous Close

$36.91

  Intrinsic Value

$5.13

stock screener

  Rating & Target

str. sell

-86%

  Value-price divergence*

-109%

Previous close

$36.91

 
Intrinsic value

$5.13

 
Up/down potential

-86%

 
Rating

str. sell

 
Value-price divergence*

-109%

*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 2016), $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 8.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   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

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  42.81
  35.60
  32.54
  29.79
  27.31
  25.08
  23.07
  21.26
  19.64
  18.17
  16.86
  15.67
  14.60
  13.64
  12.78
  12.00
  11.30
  10.67
  10.10
  9.59
  9.13
  8.72
  8.35
  8.01
  7.71
  7.44
  7.20
  6.98
  6.78
  6.60
  6.44
Revenue, $m
  457
  620
  821
  1,066
  1,357
  1,697
  2,089
  2,533
  3,031
  3,581
  4,185
  4,841
  5,547
  6,304
  7,110
  7,963
  8,863
  9,809
  10,800
  11,835
  12,916
  14,043
  15,215
  16,434
  17,702
  19,019
  20,388
  21,810
  23,289
  24,826
  26,425
Variable operating expenses, $m
 
  618
  819
  1,063
  1,353
  1,692
  2,082
  2,525
  3,021
  3,569
  4,171
  4,823
  5,528
  6,282
  7,085
  7,935
  8,832
  9,774
  10,761
  11,794
  12,871
  13,993
  15,161
  16,376
  17,639
  18,952
  20,316
  21,733
  23,207
  24,739
  26,332
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
  463
  618
  819
  1,063
  1,353
  1,692
  2,082
  2,525
  3,021
  3,569
  4,171
  4,823
  5,528
  6,282
  7,085
  7,935
  8,832
  9,774
  10,761
  11,794
  12,871
  13,993
  15,161
  16,376
  17,639
  18,952
  20,316
  21,733
  23,207
  24,739
  26,332
Operating income, $m
  -6
  1
  2
  3
  4
  5
  7
  8
  10
  12
  14
  17
  20
  22
  25
  28
  31
  35
  38
  42
  46
  50
  54
  58
  63
  67
  72
  77
  82
  88
  93
EBITDA, $m
  16
  11
  15
  20
  25
  31
  39
  47
  56
  66
  77
  89
  102
  116
  131
  147
  163
  181
  199
  218
  238
  259
  280
  303
  326
  351
  376
  402
  429
  458
  487
Interest expense (income), $m
  0
  0
  2
  6
  10
  15
  21
  28
  36
  45
  55
  66
  77
  90
  104
  118
  133
  149
  166
  184
  202
  222
  242
  263
  284
  307
  331
  355
  380
  407
  434
Earnings before tax, $m
  -5
  1
  0
  -3
  -6
  -10
  -15
  -20
  -26
  -33
  -41
  -49
  -58
  -68
  -78
  -90
  -102
  -115
  -128
  -142
  -157
  -172
  -188
  -205
  -222
  -240
  -259
  -278
  -298
  -319
  -341
Tax expense, $m
  -9
  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
Net income, $m
  4
  1
  0
  -3
  -6
  -10
  -15
  -20
  -26
  -33
  -41
  -49
  -58
  -68
  -78
  -90
  -102
  -115
  -128
  -142
  -157
  -172
  -188
  -205
  -222
  -240
  -259
  -278
  -298
  -319
  -341

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  743
  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
  991
  351
  466
  604
  769
  962
  1,184
  1,436
  1,718
  2,030
  2,372
  2,744
  3,145
  3,574
  4,031
  4,514
  5,024
  5,560
  6,122
  6,709
  7,322
  7,961
  8,625
  9,317
  10,035
  10,782
  11,558
  12,364
  13,202
  14,074
  14,980
Adjusted assets (=assets-cash), $m
  248
  351
  466
  604
  769
  962
  1,184
  1,436
  1,718
  2,030
  2,372
  2,744
  3,145
  3,574
  4,031
  4,514
  5,024
  5,560
  6,122
  6,709
  7,322
  7,961
  8,625
  9,317
  10,035
  10,782
  11,558
  12,364
  13,202
  14,074
  14,980
Revenue / Adjusted assets
  1.843
  1.766
  1.762
  1.765
  1.765
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
  1.764
Average production assets, $m
  68
  92
  122
  159
  202
  253
  311
  377
  452
  534
  624
  721
  827
  939
  1,059
  1,186
  1,321
  1,461
  1,609
  1,763
  1,925
  2,092
  2,267
  2,449
  2,638
  2,834
  3,038
  3,250
  3,470
  3,699
  3,937
Working capital, $m
  542
  -62
  -82
  -107
  -136
  -170
  -209
  -253
  -303
  -358
  -418
  -484
  -555
  -630
  -711
  -796
  -886
  -981
  -1,080
  -1,184
  -1,292
  -1,404
  -1,522
  -1,643
  -1,770
  -1,902
  -2,039
  -2,181
  -2,329
  -2,483
  -2,643
Total debt, $m
  0
  57
  160
  285
  433
  607
  807
  1,033
  1,287
  1,568
  1,876
  2,211
  2,571
  2,957
  3,368
  3,804
  4,263
  4,745
  5,251
  5,780
  6,331
  6,906
  7,504
  8,126
  8,773
  9,445
  10,143
  10,869
  11,623
  12,407
  13,223
Total liabilities, $m
  259
  316
  419
  544
  692
  866
  1,066
  1,292
  1,546
  1,827
  2,135
  2,470
  2,830
  3,216
  3,627
  4,063
  4,522
  5,004
  5,510
  6,039
  6,590
  7,165
  7,763
  8,385
  9,032
  9,704
  10,402
  11,128
  11,882
  12,666
  13,482
Total equity, $m
  732
  35
  47
  60
  77
  96
  118
  144
  172
  203
  237
  274
  314
  357
  403
  451
  502
  556
  612
  671
  732
  796
  863
  932
  1,004
  1,078
  1,156
  1,236
  1,320
  1,407
  1,498
Total liabilities and equity, $m
  991
  351
  466
  604
  769
  962
  1,184
  1,436
  1,718
  2,030
  2,372
  2,744
  3,144
  3,573
  4,030
  4,514
  5,024
  5,560
  6,122
  6,710
  7,322
  7,961
  8,626
  9,317
  10,036
  10,782
  11,558
  12,364
  13,202
  14,073
  14,980
Debt-to-equity ratio
  0.000
  1.630
  3.440
  4.710
  5.630
  6.310
  6.810
  7.200
  7.490
  7.720
  7.910
  8.060
  8.180
  8.280
  8.360
  8.430
  8.480
  8.530
  8.580
  8.610
  8.650
  8.670
  8.700
  8.720
  8.740
  8.760
  8.780
  8.790
  8.800
  8.820
  8.830
Adjusted equity ratio
  -0.044
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  4
  1
  0
  -3
  -6
  -10
  -15
  -20
  -26
  -33
  -41
  -49
  -58
  -68
  -78
  -90
  -102
  -115
  -128
  -142
  -157
  -172
  -188
  -205
  -222
  -240
  -259
  -278
  -298
  -319
  -341
Depreciation, amort., depletion, $m
  22
  10
  13
  17
  21
  26
  32
  38
  46
  54
  63
  72
  83
  94
  106
  119
  132
  146
  161
  176
  192
  209
  227
  245
  264
  283
  304
  325
  347
  370
  394
Funds from operations, $m
  167
  11
  13
  14
  15
  16
  17
  18
  20
  21
  22
  24
  25
  26
  28
  29
  30
  32
  33
  34
  36
  37
  39
  40
  42
  44
  45
  47
  49
  51
  53
Change in working capital, $m
  37
  -16
  -20
  -24
  -29
  -34
  -39
  -44
  -50
  -55
  -60
  -66
  -71
  -76
  -81
  -85
  -90
  -95
  -99
  -104
  -108
  -113
  -117
  -122
  -127
  -132
  -137
  -142
  -148
  -154
  -160
Cash from operations, $m
  130
  27
  33
  39
  44
  50
  56
  63
  69
  76
  83
  89
  96
  102
  108
  114
  120
  126
  132
  138
  144
  150
  156
  162
  169
  175
  182
  189
  197
  205
  213
Maintenance CAPEX, $m
  0
  -7
  -9
  -12
  -16
  -20
  -25
  -31
  -38
  -45
  -53
  -62
  -72
  -83
  -94
  -106
  -119
  -132
  -146
  -161
  -176
  -192
  -209
  -227
  -245
  -264
  -283
  -304
  -325
  -347
  -370
New CAPEX, $m
  -34
  -24
  -30
  -36
  -43
  -51
  -58
  -66
  -74
  -82
  -90
  -98
  -105
  -113
  -120
  -127
  -134
  -141
  -148
  -154
  -161
  -168
  -175
  -182
  -189
  -196
  -204
  -212
  -220
  -229
  -238
Cash from investing activities, $m
  -490
  -31
  -39
  -48
  -59
  -71
  -83
  -97
  -112
  -127
  -143
  -160
  -177
  -196
  -214
  -233
  -253
  -273
  -294
  -315
  -337
  -360
  -384
  -409
  -434
  -460
  -487
  -516
  -545
  -576
  -608
Free cash flow, $m
  -360
  -4
  -6
  -10
  -15
  -21
  -27
  -34
  -42
  -51
  -61
  -71
  -82
  -94
  -106
  -119
  -133
  -147
  -162
  -177
  -194
  -210
  -228
  -246
  -265
  -285
  -305
  -326
  -349
  -372
  -395
Issuance/(repayment) of debt, $m
  0
  57
  103
  125
  149
  174
  200
  227
  254
  281
  308
  335
  361
  386
  411
  435
  459
  482
  506
  529
  552
  575
  598
  622
  647
  672
  698
  726
  754
  784
  816
Issuance/(repurchase) of shares, $m
  438
  34
  11
  16
  22
  29
  37
  45
  54
  64
  75
  86
  98
  111
  124
  138
  153
  168
  184
  201
  218
  236
  254
  274
  294
  315
  336
  359
  382
  406
  432
Cash from financing (excl. dividends), $m  
  433
  91
  114
  141
  171
  203
  237
  272
  308
  345
  383
  421
  459
  497
  535
  573
  612
  650
  690
  730
  770
  811
  852
  896
  941
  987
  1,034
  1,085
  1,136
  1,190
  1,248
Total cash flow (excl. dividends), $m
  73
  87
  108
  131
  156
  182
  209
  237
  266
  294
  322
  349
  377
  403
  429
  455
  479
  504
  528
  552
  576
  600
  625
  650
  675
  702
  729
  758
  788
  819
  852
Retained Cash Flow (-), $m
  -542
  -35
  -11
  -16
  -22
  -29
  -37
  -45
  -54
  -64
  -75
  -86
  -98
  -111
  -124
  -138
  -153
  -168
  -184
  -201
  -218
  -236
  -254
  -274
  -294
  -315
  -336
  -359
  -382
  -406
  -432
Prev. year cash balance distribution, $m
 
  732
  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
 
  784
  97
  115
  133
  153
  173
  192
  211
  230
  247
  264
  279
  293
  305
  316
  327
  336
  344
  351
  358
  364
  370
  376
  382
  387
  393
  399
  406
  413
  420
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
 
  752
  89
  100
  110
  118
  125
  130
  132
  132
  130
  125
  119
  111
  102
  93
  83
  73
  63
  54
  45
  38
  31
  25
  19
  15
  11
  9
  6
  5
  3
Current shareholders' claim on cash, %
  100
  50.0
  48.4
  46.8
  45.1
  43.5
  41.9
  40.3
  38.9
  37.5
  36.1
  34.9
  33.7
  32.5
  31.4
  30.4
  29.4
  28.4
  27.5
  26.7
  25.8
  25.0
  24.2
  23.5
  22.8
  22.1
  21.4
  20.8
  20.1
  19.5
  19.0

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains software; and provides software hosting services worldwide. It offers JIRA that enables teams to plan, track, and manage activities and projects; Confluence, a social content platform, which is used to create, share, and discuss content on the Web; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files; 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 help desks, and legal and HR teams. The company also offers tools for software developers; and status and incident communication space, which enables customers to communicate the status of their services, such as incidents, performance data, and scheduled maintenance. Its products enable teams to organize, discuss, and complete shared work. Atlassian Corporation Plc was founded in 2002 and is based in London, the United Kingdom.

FINANCIAL RATIOS  of  Atlassian Cl A (TEAM)

Valuation Ratios
P/E Ratio 1995
Price to Sales 17.5
Price to Book 10.9
Price to Tangible Book
Price to Cash Flow 61.4
Price to Free Cash Flow 83.1
Growth Rates
Sales Growth Rate 42.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 3%
Cap. Spend. - 3 Yr. Gr. Rate 37.2%
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 0.6%
Ret/ On Assets - 3 Yr. Avg. 5.7%
Return On Total Capital 0.9%
Ret/ On T. Cap. - 3 Yr. Avg. 11.9%
Return On Equity 0.9%
Return On Equity - 3 Yr. Avg. 11.9%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 83.4%
Gross Margin - 3 Yr. Avg. 83%
EBITDA Margin 3.7%
EBITDA Margin - 3 Yr. Avg. 8.2%
Operating Margin -1.3%
Oper. Margin - 3 Yr. Avg. 2.9%
Pre-Tax Margin -1.1%
Pre-Tax Margin - 3 Yr. Avg. 2.9%
Net Profit Margin 0.9%
Net Profit Margin - 3 Yr. Avg. 4%
Effective Tax Rate 180%
Eff/ Tax Rate - 3 Yr. Avg. 331.2%
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 $457 million for the last fiscal year's total revenue generated by Atlassian Cl A. The default revenue input number comes from 2016 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 35.6% 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 99.8%.

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 14.9%.

Life of production assets of 10 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 -10%. 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 - $732 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 219.495 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 $8.1 billion.

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COMPANY NEWS

▶ 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]
▶ [$$] Atlassian to Buy Trello for $425 Million   [Jan-10-17 12:07AM  at The Wall Street Journal]
▶ [$$] Atlassian to Buy Trello for $425 Million   [10:21AM  at The Wall Street Journal]
▶ Is Atlassian Corporation PLC (TEAM) a Good Stock To Buy?   [Dec-09-16 10:59AM  at Insider Monkey]
▶ Atlassian to Present at Upcoming Investor Conference   [Nov-03-16 05:00PM  GlobeNewswire]
▶ Tech IPOs Have Been Heating up (FDC, TEAM)   [Oct-11-16 09:20PM  at Investopedia]
Stock chart of TEAM 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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