Atlassian Corp Intrinsic Value Calculation – Atlassian Corp. Shares Surge 24% After Q4 2023 Earnings Report Reveals Strong Performance
August 10, 2023
☀️Trending News
Shares of Atlassian Corp ($NASDAQ:TEAM). surged 24% in after-hours trading on Thursday following the release of the company’s Q4 2023 earnings report. The report revealed strong performance in terms of revenue, earnings, and outlook, driving the stock up to a new record high. The software company, based in Sydney, Australia, is best known for its collaboration and productivity tools such as JIRA, Confluence, Trello and Bitbucket. Over the past year, the company has rapidly grown in the market due to increased demand for its products.
This strong performance has continued into Q4 2023, which showed positive growth in both revenue and earnings. All of these results drove investor confidence in the stock and caused shares of Atlassian to surge by 24% in after-hours trading. This new record high further cements Atlassian’s position as one of the leading companies in software as a service (SaaS) technology.
Earnings
ATLASSIAN CORP, a leading technology and software company, saw its stocks surge by 24% this week following the release of its Q4 earnings report for FY2023. According to the report as of June 30 2021, the company earned 559.54M USD in total revenue, while a net income loss of 213.07M USD was also recorded. This represented a 26.4% decrease in total revenue compared to the previous year.
However, over the last three years, ATLASSIAN CORP’s total revenue has seen a remarkable increase – from 559.54M USD in 2023 to 939.1M USD in 2021. This impressive growth led to a significant jump in its stock prices, putting ATLASSIAN CORP in a strong position going forward.
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% |
Analysis – Atlassian Corp Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of the fundamentals of ATLASSIAN CORP. According to our proprietary Valuation Line, the intrinsic value of ATLASSIAN CORP share is approximately $317.0. Currently, ATLASSIAN CORP stock is traded at $198.8, which means it is undervalued by 37.3%. This presents an attractive buying opportunity for investors who believe the stock is worth more than its current market price. Our Valuation Line analysis provides an independent and objective assessment of the company’s fundamentals, helping to inform investors’ decisions. More…
Peers
Atlassian Corporation PLC, Microsoft Corp, DocuSign Inc, and Salesforce Inc are all vying for a spot in the top software company. While Atlassian Corporation PLC may be the current leader, the competition is fierce and any of the companies could take the top spot. All four companies offer a variety of software products and services that are essential for businesses of all sizes. The products and services offered by these companies help businesses to run more efficiently and connect with customers.
– Microsoft Corp ($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
Investors responded favorably to Atlassian Corporation’s fourth quarter financial report for the 2023 fiscal year, sending the company’s stock price up 24% in after-hours trading. The report revealed strong performance by the collaboration software maker, which included particularly encouraging revenues, income, and operating cash flow numbers. With these impressive figures, investors appear to have confidence that Atlassian is well-positioned to continue its growth trajectory in the coming years.
