CCCS

CCC Intelligent Solutions Holdings Inc

TMT


Presented:04/21/2023
Price:$9.05
Cap:$5.66B
Current Price:$10.96
Cap:$6.83B

Presented

Date04/21/2023
Price$9.05
Market Cap$5.66B
Ent Value$6.17B
P/E Ratio151.34x
Book Value$3.29
Div Yield0%
Shares O/S625.06M
Ave Daily Vol766,148
Short Int2.27%

Current

Price$10.96
Market Cap$6.83B
CCC Intelligent Solutions Holdings, Inc. is a provider of innovative cloud, mobile, telematics, hyperscale technologies, and applications for the property and casualty (“P&C”) insurance economy. It is cloud-based software as a service (“SaaS”) platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflows. The firm platform digitizes workflows and connects companies across the P&C insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufacturers, financial institutions, and others. The company founded in 1980 and is headquartered in Chicago, IL.

Publicly traded companies mentioned herein: Microsoft Corp. (MSFT), Veeva Systems (VEEV), Autodesk (ADSK), ANSYS, Inc. (ANSS), Synopsys, Inc. (SNPS), Tyler Technologies (TYL) 

Highlights

The presenter is long CCC Intelligent Solutions (CCCS) the leading provider of auto collision software solutions and workflow tools to insurance and auto body shops, noting that CCCS has a strong competitive moat and a durable, nearly monopolistic position in the transformational cloud-based software services it provides. The presenter highlights the company’s attractive valuation and the mission-critical nature of its products. Additionally, the company enjoys real network effects which add drivers to the company's customer retention and long-term growth.

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Idea Discussion

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