Atlassian Corporation
Find Ratings ReportsATLASSIAN CORP's gross profit margin for the second quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector. ATLASSIAN CORP has average liquidity. Currently, the Quick Ratio is 1.01 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 56.69% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q2 FY24 | Q2 FY23 |
---|---|---|
Net Sales ($mil) | 1060.11 | 872.7 |
EBITDA ($mil) | -32.05 | -83.76 |
EBIT ($mil) | -49.06 | -99.24 |
Net Income ($mil) | -84.47 | -205.03 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 1611.33 | 1672.68 |
Total Assets ($mil) | 4449.5 | 3614.02 |
Total Debt ($mil) | 1270.89 | 1303.82 |
Equity ($mil) | 904.92 | 577.49 |
Profitability | Q2 FY24 | Q2 FY23 |
---|---|---|
Gross Profit Margin | 82.99 | 83.61 |
EBITDA Margin | -3.02 | -9.59 |
Operating Margin | -4.63 | -11.37 |
Sales Turnover | 0.87 | 0.88 |
Return on Assets | -8.63 | -9.83 |
Return on Equity | -42.47 | -61.53 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 1.07 | 1.3 |
Debt/Capital | 0.58 | 0.69 |
Interest Expense | 9.0 | 7.51 |
Interest Coverage | -5.45 | -13.22 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 259.41 | 256.29 |
Div / share | 0.0 | 0.0 |
EPS | -0.33 | -0.8 |
Book value / share | 3.49 | 2.25 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1707525.0 | 1512737.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 58.11 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 17.67. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, ATLASSIAN CORP seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TEAM NM | Peers 76.09 | TEAM 48.47 | Peers 32.96 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. TEAM's P/E is negative making this valuation measure meaningless. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TEAM is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TEAM 65.60 | Peers 26.19 | TEAM NA | Peers 0.62 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. TEAM is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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TEAM 58.11 | Peers 17.67 | TEAM -7.97 | Peers 89.51 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TEAM is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, TEAM is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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TEAM 13.51 | Peers 8.21 | TEAM 22.38 | Peers 15.59 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TEAM is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. TEAM has a sales growth rate that significantly exceeds its peers. |
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