$CCC Intelligent Solutions Holdings (CCCS.US)$In the invento...
$CCC Intelligent Solutions Holdings (CCCS.US)$In the inventory check in autumn 2022, it was excluded due to overvaluation, and the stock price has since risen by 20%.
Listed in 2020, mainly engaged in insurance intermediary information processing SaaS business, with 99% of the market in the USA, current price is 11.2.
Since its listing, revenue has continued to grow at a slow pace, with an average growth rate of 8.3%. Operating profit was in loss in 2021 due to a sharp increase in expenses and did not reach the level of 2020 in 2022. Net income was able to turn around due to a significant reduction in interest expenses and was further boosted to 0.038 billion by a substantial increase in securities gains.
Revenue grew by 10.3% in the first three quarters of 2023, operating profit contracted by 7.6%, and net income suffered a significant loss of 0.12 billion due to losses from the sale of securities and a substantial impairment of fixed assets.
Currently, the P/E ratio is 187, and the P/E ratio TTM is in loss, which lacks investment value.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment