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TEAM$171.33

Atlassian Corporation Plc

Last Updated
Aug 25, 2026about 2 months ago
Moat & Trend
Management
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Competitive Radar

Moat Score

60/100

Executive Summary

Atlassian has a real but limited structural advantage built around entrenched workflows in software development, IT service management, and team collaboration. Jira and Confluence are deeply familiar to technical users, and the ecosystem of plugins, integrations, and partner support raises the effort required to switch. The self-service distribution model also lowers sales friction and has helped the company scale efficiently. However, the moat is not broad enough to be considered wide: customers can still multi-home, enterprise buyers have credible alternatives, and the market remains contested by large platform vendors and specialist SaaS rivals. Recent cloud migration and AI-oriented product expansion support durability, but they do not yet change the core competitive boundary. The result is a solid Narrow Moat with a Stable trend.

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Last Updated
Aug 25, 2026about 2 months ago
Target Price
Analyst Consensus
FAIR VALUE
Financial Strength

Financial Score

62/100

Executive Summary

Atlassian’s most notable strength is its powerful cash generation, with operating cash flow and free cash flow remaining robust despite modest capex and heavy share repurchases. Revenue has grown strongly over the multi-year period and forward estimates still imply healthy compounding, while gross margins remain excellent and analyst expectations are constructive. However, the earnings picture is less consistent: operating leverage has yet to fully emerge, with rising R&D and SG&A keeping operating and net margins thin, and TTM results slipping back into loss after a brief improvement. The balance sheet also weakened materially in the latest year, as cash declined, current liabilities rose, and working capital turned negative, even though leverage remains manageable. Overall, Atlassian combines strong growth and cash flow with an uneven profitability profile and a softer liquidity position, supporting a midrange-to-positive financial assessment.

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Frequently asked questions about Atlassian Corporation Plc

Does Atlassian Corporation Plc (TEAM) have an economic moat?
MoatScan AI rates Atlassian Corporation Plc (TEAM) 60/100 for moat strength, assessed across five sources of competitive advantage: network effects, switching costs, intangible assets, cost advantages and efficient scale. Atlassian has a real but limited structural advantage built around entrenched workflows in software development, IT service management, and team collaboration.Sign in free to see the Moat Type verdict and the pillar-by-pillar reasoning.
What is Atlassian Corporation Plc's moat score?
Atlassian Corporation Plc (TEAM) has a moat score of 60/100. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. A higher score means the competitive advantages MoatScan AI identifies are wider and more durable.Sign in free to see each pillar rating, the Moat Type verdict and the moat trend.
How does TEAM's share price compare with its estimated fair value?
MoatScan AI estimates TEAM's intrinsic value with a discounted cash flow (DCF) model and shows how that estimate compares with the market price at the time of analysis. The estimate updates with each new financial analysis and is a research estimate, not a recommendation.Sign in free to see the fair value estimate and how it compares with the price.
What is Atlassian Corporation Plc's fair value estimate?
MoatScan AI derives Atlassian Corporation Plc's (TEAM) fair value per share from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. The Financial Analysis tab shows the estimate alongside every assumption behind it.Sign in free to see the estimate and the full assumptions behind it.

Disclaimer: The analysis on this page is generated by AI and is provided for informational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any security. Always conduct your own due diligence and consult a qualified financial adviser before making any investment decisions. MoatScan AI is an educational research tool. It is not licensed or registered with the Securities Commission Malaysia or any other financial regulator, and it holds no positions in, and receives no compensation from, any company analysed.