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Atlassian (FRA:48D) Cyclically Adjusted Price-to-FCF : 79.87 (As of May. 20, 2024)


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What is Atlassian Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Atlassian's current share price is €166.12. Atlassian's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.08. Atlassian's Cyclically Adjusted Price-to-FCF for today is 79.87.

The historical rank and industry rank for Atlassian's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:48D' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 79.4   Med: 95.13   Max: 118
Current: 79.41

During the past years, Atlassian's highest Cyclically Adjusted Price-to-FCF was 118.00. The lowest was 79.40. And the median was 95.13.

FRA:48D's Cyclically Adjusted Price-to-FCF is ranked worse than
78.94% of 679 companies
in the Software industry
Industry Median: 28.63 vs FRA:48D: 79.41

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.950. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €2.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atlassian Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Atlassian's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Atlassian Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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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 Price-to-FCF 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 - - - 113.28 86.21

Competitive Comparison of Atlassian's Cyclically Adjusted Price-to-FCF

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 Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=166.12/2.08
=79.87

* 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.

Atlassian's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=1.95/127.6062*127.6062
=1.950

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 0.013 98.816 0.017
201412 0.100 99.002 0.129
201503 0.129 99.187 0.166
201506 0.030 99.838 0.038
201509 0.047 100.302 0.060
201512 0.159 100.673 0.202
201603 0.172 100.488 0.218
201606 0.067 100.859 0.085
201609 0.106 101.602 0.133
201612 0.191 102.159 0.239
201703 0.286 102.624 0.356
201706 0.175 102.809 0.217
201709 0.231 103.460 0.285
201712 0.249 104.110 0.305
201803 0.302 104.574 0.369
201806 0.235 104.945 0.286
201809 0.266 105.410 0.322
201812 0.436 105.967 0.525
201903 0.470 105.967 0.566
201906 0.356 106.617 0.426
201909 0.254 107.174 0.302
201912 0.758 107.917 0.896
202003 0.551 108.289 0.649
202006 0.387 106.246 0.465
202009 0.245 107.917 0.290
202012 0.630 108.846 0.739
202103 1.224 109.496 1.426
202106 0.404 110.332 0.467
202109 0.196 111.168 0.225
202112 0.678 112.654 0.768
202203 1.080 115.069 1.198
202206 0.707 117.112 0.770
202209 0.301 119.248 0.322
202212 0.540 121.477 0.567
202303 1.272 123.148 1.318
202306 0.969 124.170 0.996
202309 0.593 125.656 0.602
202312 1.008 126.399 1.018
202403 1.950 127.606 1.950

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


Atlassian  (FRA:48D) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Atlassian Cyclically Adjusted Price-to-FCF Related Terms

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


Atlassian (FRA:48D) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Atlassian Corp (FRA:48D) » Definitions » Cyclically Adjusted Price-to-FCF
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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