Atlassian Corp Intrinsic Stock Value – ATLASSIAN CORP Reports 23.6% Year-Over-Year Increase in Revenue for FY2023 Q4
August 16, 2023
☀️Earnings Overview
On August 3rd 2023, ATLASSIAN CORP ($NASDAQ:TEAM) reported its financial results for the fourth quarter of FY2023, which ended on June 30th 2023. The company’s total revenue for the quarter was USD 939.1 million – an increase of 23.6% compared to the same quarter in the previous fiscal year. Additionally, net income for this quarter was significantly better than in the same period in the last fiscal year with a value of USD -59.0 million, compared to USD -105.5 million.
Analysis – Atlassian Corp Intrinsic Stock Value
GoodWhale has undertaken an analysis of the fundamentals of ATLASSIAN CORP. After performing the calculations, our proprietary Valuation Line has determined that the intrinsic value of an ATLASSIAN CORP share is approximately $316.3. This means that the share is currently undervalued by 46.4%, as it is currently being traded at $169.6. Therefore, GoodWhale recommends investors to take advantage of this opportunity and look into investing in the company’s stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atlassian Corp. More…
| Total Revenues | Net Income | Net Margin |
| 3.53k | -486.76 | -13.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atlassian Corp. More…
| Operations | Investing | Financing |
| 868.11 | -1.26 | -148.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atlassian Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.11k | 3.45k | 2.55 |
Key Ratios Snapshot
Some of the financial key ratios for Atlassian Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.9% | – | -7.9% |
| FCF Margin | ROE | ROA |
| 23.8% | -28.4% | -4.3% |
Peers
Atlassian Corporation PLC, Microsoft Corp, DocuSign Inc, and Salesforce Inc are all vying for a spot in the top software company. While Atlassian Corporation PLC may be the current leader, the competition is fierce and any of the companies could take the top spot. All four companies offer a variety of software products and services that are essential for businesses of all sizes. The products and services offered by these companies help businesses to run more efficiently and connect with customers.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.76 trillion and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc. is an American company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and other documents. The company has a market capitalization of $9.35 billion as of May 2021 and a negative return on equity of 15.28%. DocuSign’s revenue for the fiscal year 2020 was $1.1 billion, an increase of 47% from the previous fiscal year. The company’s primary competitors include Adobe Sign, HelloSign, and eSignLive.
– Salesforce Inc ($NYSE:CRM)
Salesforce Inc.’s market cap as of 2022 is 153.67B. The company’s ROE for the same year is 0.08%. Salesforce Inc. is a cloud-based software company that provides customer relationship management (CRM) and enterprise cloud computing services.
Summary
ATLASSIAN CORP reported strong earnings for the fourth quarter of FY2023 on August 3 2023, with total revenue increasing by 23.6% year over year to USD 939.1 million. Net income for the quarter was USD -59.0 million, a significant improvement from the -105.5 million reported in the same period of the previous year. Investors appear to view this as a positive sign of a company that is continuing to grow and increase profitability despite challenging economic conditions. ATLASSIAN CORP’s strong earnings performance is likely to have a positive influence on investor sentiment going forward.
