CCCS - CCC Intelligent Solutions Holdings Stock Price, Fair Value and News

11.53USD+0.04 (+0.35%)Market Closed

Market Summary

USD11.53+0.04

Market Closed

0.35%

CCCS Alerts

8 major insider sales recently.

CCCS Stock Price

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CCCS RSI Chart

CCCS Valuation

Market Cap

7.0B

Price/Earnings (Trailing)

-77.4

Price/Sales (Trailing)

8.05

EV/EBITDA

473.5

Price/Free Cashflow

35.75

CCCS Price/Sales (Trailing)

CCCS Profitability

Operating Margin

73.43%

EBT Margin

-9.76%

Return on Equity

-5.05%

Return on Assets

-2.95%

Free Cashflow Yield

2.8%

CCCS Fundamentals

CCCS Revenue

Revenue (TTM)

866.4M

Rev. Growth (Yr)

12%

Rev. Growth (Qtr)

3.37%

CCCS Earnings

Earnings (TTM)

-90.1M

Earnings Growth (Yr)

2.4K%

Earnings Growth (Qtr)

224%

Breaking Down CCCS Revenue

Last 7 days

-0.4%

Last 30 days

-4.3%

Last 90 days

4.4%

Trailing 12 Months

29.4%

How does CCCS drawdown profile look like?

CCCS Financial Health

Current Ratio

2.29

Debt/Equity

0.43

Debt/Cashflow

0.33

CCCS Investor Care

Shares Dilution (1Y)

2.28%

Diluted EPS (TTM)

-0.16

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	800.5M	819.5M	841.9M	866.4M
2022	717.3M	743.3M	765.4M	782.4M
2021	646.9M	660.7M	674.5M	688.3M
2020	0	0	624.6M	633.1M
2019	0	0	0	616.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of CCC Intelligent Solutions Holdings

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 09, 2024	young lauren	sold	-192,714,000	11.575	-16,649,200	-
Apr 09, 2024	egan christopher	sold	-192,714,000	11.575	-16,649,200	-
Apr 09, 2024	advent international, l.p.	sold	-192,714,000	11.575	-16,649,200	-
Apr 09, 2024	wei eric	sold	-192,714,000	11.575	-16,649,200	-
Apr 01, 2024	christo rodney	sold	-169,423	11.97	-14,154	chief accounting officer
Apr 01, 2024	herb brian	sold	-830,857	11.8349	-70,204	see remarks
Apr 01, 2024	fredman marc	sold	-344,784	11.97	-28,804	svp, chief strategy officer
Mar 26, 2024	christo rodney	sold	-54,719	11.88	-4,606	chief accounting officer
Mar 26, 2024	herb brian	sold	-234,535	11.88	-19,742	see remarks
Mar 26, 2024	fredman marc	sold	-117,267	11.88	-9,871	svp, chief strategy officer

Which funds bought or sold CCCS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Venturi Wealth Management, LLC	reduced	-30.01	-4,728	13,109	-%
Apr 23, 2024	SEVEN GRAND MANAGERS, LLC	new	-	4,784,000	4,784,000	2.34%
Apr 23, 2024	REGIONS FINANCIAL CORP	added	1.34	14,202	235,863	-%
Apr 23, 2024	FIFTH THIRD BANCORP	added	11.24	48,678	338,348	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-56.31	-252,000	213,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-1.88	-8,673	44,580	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	41.48	3,078,220	9,417,380	0.01%
Apr 19, 2024	Maryland State Retirement & Pension System	added	104	157,898	306,127	0.01%
Apr 19, 2024	TRUST POINT INC.	added	53.28	402,336	1,062,460	0.08%
Apr 19, 2024	State of Alaska, Department of Revenue	unchanged	-	251,000	5,270,000	0.06%

Are Funds Buying or Selling CCCS?

Are funds buying CCCS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CCCS

No. of Funds

CCCS Alerts

8 major insider sales recently.

Unveiling CCC Intelligent Solutions Holdings's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 11, 2024	advent international, l.p.	33.5%	205,939,313	SC 13D/A
Apr 11, 2024	oh cypress aggregator, l.p.	6.7%	41,447,169	SC 13D/A
Mar 06, 2024	advent international, l.p.	36.8%	222,588,510	SC 13D/A
Mar 04, 2024	oh cypress aggregator, l.p.	7.4%	44,797,972	SC 13D/A
Feb 14, 2024	dragoneer investment group, llc	5.1%	31,665,136	SC 13G/A
Feb 14, 2024	technology crossover management ix, ltd.	3.4%	20,589,027	SC 13G
Feb 14, 2024	t. rowe price investment management, inc.	5.6%	35,296,322	SC 13G
Jan 18, 2024	oh cypress aggregator, l.p.	8.8%	53,082,833	SC 13D/A
Jan 10, 2024	advent international, l.p.	43.8%	263,753,649	SC 13D/A
Nov 15, 2023	advent international, l.p.	47.4%	285,753,649	SC 13D/A

Recent SEC filings of CCC Intelligent Solutions Holdings

View All Filings

Date Filed	Form Type	Document
Apr 23, 2024	144	Notice of Insider Sale Intent
Apr 22, 2024	144	Notice of Insider Sale Intent
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	SC 13D/A	13D - Major Acquisition
Apr 11, 2024	SC 13D/A	13D - Major Acquisition
Apr 09, 2024	8-K	Current Report
Apr 09, 2024	ARS	ARS

Peers (Alternatives to CCC Intelligent Solutions Holdings)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.0T	227.6B	-5.06%	44.46%	36.82	13.36	11.51%	22.38%
ADBE	213.7B	19.9B	-5.33%	25.33%	44.52	10.72	10.76%	1.35%
CRWD	71.0B	3.1B	-8.53%	129.79%	795.09	23.24	36.33%	148.75%
SQ	45.1B	21.9B	-6.85%	16.65%	6.6K	2.06	25.01%	101.26%
AKAM	15.5B	3.8B	-6.64%	26.14%	28.28	4.06	5.40%	4.57%
FFIV	10.7B	2.8B	-5.43%	34.87%	23.26	3.82	3.55%	53.13%
MID-CAP
ALTR	6.7B	612.7M	-0.91%	17.65%	-753.5	10.98	7.07%	79.45%
HCP	6.1B	583.1M	8.37%	7.34%	-31.94	10.44	22.54%	30.49%
ACIW	3.5B	1.5B	4.40%	34.68%	29.19	2.44	2.16%	-14.54%
APPN	2.7B	545.4M	-4.14%	-4.41%	-24.05	4.91	16.53%	26.16%
SMALL-CAP
CSGS	1.5B	1.2B	-2.38%	-5.13%	21.41	1.25	7.30%	93.18%
ATEN	1.0B	251.7M	-1.10%	-8.11%	25.57	4.06	-10.22%	-14.79%
BAND	472.6M	601.1M	-2.58%	39.72%	-28.91	0.79	4.88%	-183.51%
DTSS	18.6M	7.0M	0.68%	-54.72%	-2.16	2.91	-55.73%	-45.27%
BLIN	13.4M	15.6M	12.73%	37.78%	-1.35	0.86	-6.37%	-5256.07%

CCC Intelligent Solutions Holdings News

Latest updates

CCC Intelligent Solutions Holdings Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)															(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	3.4%	229	221	212	205	204	199	193	187	187	177	167	158	158	158	-
Cost Of Revenue	-3.6%	56.00	58.00	59.00	57.00	59.00	53.00	53.00	49.00	48.00	58.00	46.00	45.00	53.00	50.00	-
Gross Profit	5.9%	173	163	153	148	146	146	140	137	139	119	121	113	112	107	-
Operating Expenses	4.6%	153	147	226	134	136	129	127	125	124	308	99.00	106	88.00	84.00	-
S&GA Expenses	0.5%	36.00	36.00	36.00	34.00	31.00	31.00	31.00	27.00	28.00	80.00	22.00	19.00	18.00	17.00	-
R&D Expenses	3.9%	45.00	44.00	43.00	41.00	42.00	40.00	39.00	36.00	37.00	67.00	31.00	31.00	27.00	27.00	-
EBITDA Margin	158.8%	0.02*	-0.03*	0.00*	0.14*	0.15*	0.10*	-0.23*	-0.25*	-0.28*	-0.21*	0.17*	0.16*	-	-	-
Interest Expenses	44.2%	21.00	15.00	14.00	14.00	13.00	11.00	8.00	7.00	7.00	14.00	19.00	19.00	19.00	20.00	-
Income Taxes	272.4%	7.00	2.00	-2.28	-0.78	-1.26	3.00	10.00	-0.86	28.00	-53.52	2.00	-3.08	3.00	3.00	-
Earnings Before Taxes	270.6%	33.00	-19.38	-99.62	1.00	-0.19	13.00	26.00	11.00	-29.64	-243	6.00	-8.16	8.00	7.00	-
EBT Margin	30.3%	-0.10*	-0.14*	-0.10*	0.05*	0.06*	0.03*	-0.32*	-0.36*	-0.40*	-0.36*	0.02*	0.01*	-	-	-
Net Income	224.0%	26.00	-21.20	-97.34	2.00	1.00	10.00	16.00	12.00	-57.87	-189	4.00	-5.08	6.00	5.00	-
Net Income Margin	24.1%	-0.10*	-0.14*	-0.10*	0.04*	0.05*	-0.03*	-0.30*	-0.32*	-0.36*	-0.28*	0.01*	0.01*	-	-	-
Free Cashflow	61.7%	75.00	46.00	55.00	19.00	72.00	17.00	30.00	33.00	17.00	25.00	13.00	34.00	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet															(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Assets	-8.7%	3,051	3,342	3,302	3,341	3,351	3,298	3,266	3,265	3,238	3,218	692	692	3,196	692	3,185
Current Assets	-43.0%	350	614	552	485	479	396	357	332	323	300	2.00	2.00	282	2.00	195
Cash Equivalents	-56.4%	196	449	404	338	324	248	228	195	183	160	59.00	59.00	162	135	93.00
Net PPE	1.4%	160	158	154	150	146	148	144	140	136	121	109	-	101	-	90.00
Goodwill	0%	1,418	1,418	1,418	1,495	1,495	1,494	1,494	1,494	1,467	-	1,467	-	-	-	1,467
Liabilities	-2.4%	1,252	1,283	1,263	1,253	1,291	1,273	1,284	1,332	1,351	1,367	103	85.00	1,810	142	1,806
Current Liabilities	2.9%	153	149	135	125	152	144	145	145	137	154	7.00	5.00	126	1.00	108
Long Term Debt	-0.2%	768	769	771	772	774	776	777	779	781	780	2.00	1.00	1,293	-	1,314
LT Debt, Current	0%	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	14.00	-	25.00	-	10.00
LT Debt, Non Current	-0.2%	768	769	771	772	774	776	777	779	781	780	1,300	-	1,293	-	1,314
Shareholder's Equity	-12.8%	1,782	2,043	2,025	2,075	2,045	2,011	1,967	1,919	1,872	1,837	1,252	1,245	1,372	1,364	1,379
Retained Earnings	-36.7%	-1,126	-824	-803	-705	-707	-709	-718	-734	-746	-688	-100	-83.31	-129	-81.47	-112
Additional Paid-In Capital	1.4%	2,910	2,869	2,829	2,781	2,754	2,721	2,686	2,653	2,619	2,526	-	-	1,501	86.00	1,492
Shares Outstanding	-5.0%	603	635	632	628	622	620	605	603	544	566	505	505	504	504	-
Float	-	-	-	1,847	-	-	-	1,273	-	-	-	6,879	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Cashflow From Operations	43.6%	86,895	60,506	69,554	33,078	81,469	30,753	40,820	46,865	30,610	36,905	21,586	38,234	37,154	43,013	-	-	-	-
Share Based Compensation	0.7%	40,047	39,751	35,486	29,234	28,728	28,722	28,403	23,644	26,582	219,876	2,883	12,654	3,865	1,870	-	-	-	-
Cashflow From Investing	16.0%	-11,845	-14,103	-14,550	-14,534	-9,107	-13,366	-11,204	-42,615	-13,299	-11,903	-18,710	-4,686	-3,146	-690,000	-	-	-	-
Cashflow From Financing	-26578.2%	-328,409	-1,231	10,628	-4,014	2,869	3,495	2,820	8,691	4,477	77,045	-3,461	-136,501	-2,304	691,753	-	-	-	-
Dividend Payments	-	-	-	-	-	-	-	-	-	-	134,625	-	134,549	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-179	-23.00	-127	-86.00	-	-

CCCS Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income
REVENUES	$ 866,378,000	$ 782,448,000	$ 688,288,000
COST OF REVENUES
Cost of revenues, exclusive of amortization and impairment of acquired technologies	203,324,000	187,001,000	169,335,000
Amortization of acquired technologies	26,464,000	26,938,000	26,320,000
Impairment of acquired technologies	431,000	0	0
Total cost of revenues	230,219,000	213,939,000	195,655,000
GROSS PROFIT	636,159,000	568,509,000	492,633,000
OPERATING EXPENSES:
Research and development	173,106,000	156,957,000	165,991,000
Selling and marketing	140,851,000	119,594,000	148,861,000
General and administrative	191,844,000	167,758,000	250,098,000
Amortization of intangible assets	71,972,000	72,278,000	72,358,000
Impairment of goodwill	77,405,000	0	0
Impairment of intangible assets	4,906,000	0	0
Total operating expenses	660,084,000	516,587,000	637,308,000
OPERATING (LOSS) INCOME	(23,925,000)	51,922,000	(144,675,000)
INTEREST EXPENSE	(63,577,000)	(38,990,000)	(58,990,000)
INTEREST INCOME	16,252,000	908,000	0
CHANGE IN FAIR VALUE OF WARRANT LIABILITIES	(15,096,000)	26,073,000	(64,501,000)
CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS	0	0	8,373,000
GAIN ON SALE OF COST METHOD INVESTMENT	0	3,587,000	0
LOSS ON EARLY EXTINGUISHMENT OF DEBT	0	0	(15,240,000)
OTHER INCOME — Net	1,799,000	6,362,000	114,000
PRETAX (LOSS) INCOME	(84,547,000)	49,862,000	(274,919,000)
INCOME TAX (PROVISION) BENEFIT	(5,524,000)	(11,456,000)	26,000,000
NET (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST	(90,071,000)	38,406,000	(248,919,000)
LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST	(2,405,000)	0	0
NET (LOSS) INCOME ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC.'s COMMON STOCKHOLDERS	$ (92,476,000)	$ 38,406,000	$ (248,919,000)
Net (loss) income per share attributable to common stockholders:
Basic	$ (0.15)	$ 0.06	$ (0.46)
Diluted	$ (0.15)	$ 0.06	$ (0.46)
Weighted-average shares used in computing net (loss) income per share attributable to common stockholders:
Basic	617,889,384	607,760,886	543,558,222
Diluted	617,889,384	642,841,596	543,558,222
COMPREHENSIVE (LOSS) INCOME:
Net income (loss) including non-controlling interest	$ (90,071,000)	$ 38,406,000	$ (248,919,000)
Other comprehensive (loss) income—Foreign currency translation adjustment	(189,000)	(569,000)	(44,000)
COMPREHENSIVE (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST	(90,260,000)	37,837,000	(248,963,000)
Less: accretion of redeemable non-controlling interest	(2,405,000)	0	0
COMPREHENSIVE (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST	$ (92,665,000)	$ 37,837,000	$ (248,963,000)

CCCS Balance Sheet

2023-12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 195,572	$ 323,788
Accounts receivable - Net of allowances of $5,574 and $5,339 as of December 31, 2023 and 2022,respectively	102,365	98,353
Income taxes receivable	1,798	4,015
Deferred contract costs	17,900	16,556
Other current assets	32,364	36,358
Total current assets	349,999	479,070
SOFTWARE, EQUIPMENT, AND PROPERTY—Net	160,416	146,443
OPERATING LEASE ASSETS	30,456	32,874
INTANGIBLE ASSETS—Net	1,015,046	1,118,819
Goodwill	1,417,724	1,495,129
DEFERRED FINANCING FEES, REVOLVER—Net	1,672	2,286
DEFERRED CONTRACT COSTS	22,302	20,161
EQUITY METHOD INVESTMENT	10,228	10,228
OTHER ASSETS	43,197	45,911
TOTAL	3,051,040	3,350,921
CURRENT LIABILITIES:
Accounts payable	16,324	27,599
Accrued expenses	71,478	71,445
Income taxes payable	3,689	922
Current portion of long-term debt	8,000	8,000
Current portion of long-term licensing agreement—Net	3,061	2,876
Operating lease liabilities	6,788	5,484
Deferred revenues	43,567	35,239
Total current liabilities	152,907	151,565
LONG-TERM DEBT - Net	767,504	774,132
DEFERRED INCOME TAXES—Net	195,365	241,698
LONG-TERM LICENSING AGREEMENT—Net	27,692	30,752
OPERATING LEASE LIABILITIES	50,796	54,245
WARRANT LIABILITIES	51,501	36,405
OTHER LIABILITIES	6,414	2,658
Total liabilities	1,252,179	1,291,455
COMMITMENTS AND CONTINGENCIES (Notes 23 and 24)
MEZZANINE EQUITY:
Redeemable non-controlling interest	16,584	14,179
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par; 100,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock - $0.0001 par; 5,000,000,000 shares authorized; 603,128,781 and 622,072,905 shares issued and outstanding at December 31, 2023 and 2022, respectively	60	62
Additional paid-in capital	2,909,757	2,754,055
Accumulated deficit	(1,126,467)	(707,946)
Accumulated other comprehensive loss	(1,073)	(884)
Total stockholders' equity	1,782,277	2,045,287
TOTAL	$ 3,051,040	$ 3,350,921

About CCC Intelligent Solutions Holdings

CCC Intelligent Solutions Holdings Inc. provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others. It offers CCC Insurance solutions, including CCC Subrogation, CCC estimating, CCC total loss, CCC AI and analytics, and CCC casualty; CCC Repair solutions, such as CCC network management, CCC repair workflow, and CCC repair quality; CCC Other Ecosystem solutions, comprising CCC parts solutions, CCC automotive manufacturer solutions, CCC Diagnostics Service Provider Solutions; CCC lender solutions, and CCC payments; and CCC International solutions. The company has strategic partnership with Verisk Analytics, Inc. to bring new innovations to P&C insurance claims. The company was founded in 1980 and is headquartered in Chicago, Illinois.

CEO	Mr. Githesh Ramamurthy
WEBSITE	cccis.com
INDUSTRY	Software - Infra
EMPLOYEES	2375

CCC Intelligent Solutions Holdings Frequently Asked Questions

What is the ticker symbol for CCC Intelligent Solutions Holdings? What does CCCS stand for in stocks?

CCCS is the stock ticker symbol of CCC Intelligent Solutions Holdings. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of CCC Intelligent Solutions Holdings (CCCS)?

As of Tue Apr 23 2024, market cap of CCC Intelligent Solutions Holdings is 6.95 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CCCS stock?

You can check CCCS's fair value in chart for subscribers.

What is the fair value of CCCS stock?

You can check CCCS's fair value in chart for subscribers. The fair value of CCC Intelligent Solutions Holdings is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of CCC Intelligent Solutions Holdings is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CCCS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is CCC Intelligent Solutions Holdings a good stock to buy?

The fair value guage provides a quick view whether CCCS is over valued or under valued. Whether CCC Intelligent Solutions Holdings is cheap or expensive depends on the assumptions which impact CCC Intelligent Solutions Holdings's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CCCS.

What is CCC Intelligent Solutions Holdings's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, CCCS's PE ratio (Price to Earnings) is -77.13 and Price to Sales (PS) ratio is 8.02. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CCCS PE ratio will change depending on the future growth rate expectations of investors.