Ccc Intelligent Solutions Ho scores 27 for management and 67 for moat. The management score rests on a return on invested capital of 0.2% and a gross margin of 73.5% — figures that describe capital earning less than it costs to employ. Debt sits at 0.76x equity. A solid moat alongside weak management is a combination worth understanding before the price matters at all.
The valuation runs on assumptions chosen to understate rather than flatter. Growth is modelled at 10.8% a year, below the 11.0% actually measured over the last decade — the model caps growth rather than extrapolating a good run forwards. The exit multiple assumed is 21.6x. That produces an intrinsic value of $0.98, a 10-CAP price of $5.49 and a payback time price of $7.16, with the value zone set at the highest of the three, $7.16. Today's price of $6.62 sits inside that zone.
The price sits inside the value zone, but the business scores 67 for moat and 27 for management. Cheap and good are different tests, and only one of them is passed here.
| Price | $6.62 |
| Market cap | $3.9B |
| P/E ratio | 100.6x |
| Return on invested capital | 0.2% |
| Gross margin | 73.5% |
| Debt to equity | 0.76x |
| Free cash flow yield | 5.2% |
| Growth rate used | 10.8% |
| Growth rate measured | 11.0% |
| Exit multiple assumed | 21.6x |
| Company | Moat | Buy price |
| Monday.com Ltd (MNDY) | 96 | $108.21 |
| Open Text Corp (OTEX) | 67 | $74.52 |
| Lyft Inc. (LYFT) | 80 | $47.82 |
| AppFolio Inc. (APPF) | 86 | $119.71 |
Every number above is built on assumptions that can be changed. In Moatly you can move the growth rate, the exit multiple and the margin of safety and watch every figure recalculate, so you are testing your own view of Ccc Intelligent Solutions Ho rather than accepting ours.