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Atlassian (BSP:T1AM34) Cyclically Adjusted FCF per Share : R$0.57 (As of Mar. 2024)


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What is Atlassian Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Atlassian's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.528. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$0.57 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-06-09), Atlassian's current stock price is R$42.85. Atlassian's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.57. Atlassian's Cyclically Adjusted Price-to-FCF of today is 75.18.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of Atlassian was 118.00. The lowest was 69.41. And the median was 92.59.


Atlassian Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Atlassian's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Atlassian Cyclically Adjusted FCF per Share Chart

Atlassian Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
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Atlassian Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.52 0.57

Competitive Comparison of Atlassian's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Atlassian's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Atlassian's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Atlassian's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Atlassian's Cyclically Adjusted Price-to-FCF falls into.



Atlassian Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Atlassian's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.528/127.6062*127.6062
=0.528

Current CPI (Mar. 2024) = 127.6062.

Atlassian Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.352 0.000
201409 0.002 98.816 0.003
201412 0.016 99.002 0.021
201503 0.022 99.187 0.028
201506 0.005 99.838 0.006
201509 0.010 100.302 0.013
201512 0.034 100.673 0.043
201603 0.035 100.488 0.044
201606 0.013 100.859 0.016
201609 0.019 101.602 0.024
201612 0.034 102.159 0.042
201703 0.048 102.624 0.060
201706 0.032 102.809 0.040
201709 0.043 103.460 0.053
201712 0.049 104.110 0.060
201803 0.061 104.574 0.074
201806 0.052 104.945 0.063
201809 0.064 105.410 0.077
201812 0.096 105.967 0.116
201903 0.102 105.967 0.123
201906 0.077 106.617 0.092
201909 0.058 107.174 0.069
201912 0.173 107.917 0.205
202003 0.149 108.289 0.176
202006 0.113 106.246 0.136
202009 0.078 107.917 0.092
202012 0.197 108.846 0.231
202103 0.410 109.496 0.478
202106 0.122 110.332 0.141
202109 0.061 111.168 0.070
202112 0.217 112.654 0.246
202203 0.296 115.069 0.328
202206 0.189 117.112 0.206
202209 0.078 119.248 0.083
202212 0.150 121.477 0.158
202303 0.355 123.148 0.368
202306 0.255 124.170 0.262
202309 0.156 125.656 0.158
202312 0.269 126.399 0.272
202403 0.528 127.606 0.528

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Atlassian  (BSP:T1AM34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Atlassian's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=42.85/0.57
=75.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of Atlassian was 118.00. The lowest was 69.41. And the median was 92.59.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Atlassian Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Atlassian's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Atlassian (BSP:T1AM34) Business Description

Industry
Traded in Other Exchanges
Address
341 George Street, Level 6, Sydney, NSW, AUS, 2000
Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.

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