{"F": {"ts_code": "000030.SZ", "name": "富奥股份", "mkt": "CN", "ccy": "元", "sw1": "汽车", "sw2": "汽车零部件", "sw3": "底盘与发动机系统", "ind": "汽车零部件", "fin_source": "tushare", "market": "主板", "list_date": "19930929", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 4.05, "pe_ttm": 11.8729, "pb": 0.8347, "dv_ttm": 3.7037, "total_mv": 696523.4145, "trade_date": "20260904", "years": ["20201231", "20211231", "20221231", "20231231", "20241231", "20251231"], "multi_year": true, "gm_series": [13.0, 11.2, 8.4, 10.5, 11.6, 12.4], "rev_series": [111.1, 128.3, 125.7, 158.4, 164.7, 174.1], "np_series": [9.0, 8.4, 5.0, 6.0, 6.8, 7.0], "roe_series": [12.9, 11.4, 6.7, 8.0, 8.7, 8.6], "period": "20260630", "rev_ttm": 168.1, "np_ttm": 5.9, "ocf_ttm": 2.7, "fcf_ttm": -0.8, "fcf_yield": -1.1, "ocf_yield": 3.8, "gm_median": 11.2, "gm_std": 1.4, "gm_stab": 0.88, "gm_chg_2022": -4.6, "npm_median": 5.4, "roe_median": 8.6, "commodity": false, "hard_ratio": 18.7, "fix_assets": 35.2, "goodwill_ratio": 0.1, "pb_calc": 0.83, "capex_dep": 0.79, "interest_debt": 14.4, "debt_ebitda": 1.4, "debt_ratio": 46.7, "debt_mv": 20.6, "payout": 38.5, "div_years": 5, "rev_cagr3": 11.5, "np_cagr3": 11.9, "rev_yoy": -7.6, "np_yoy": -38.2, "np_vol": 21.2, "loss_years": 0, "far_share": 58.0, "earn_yield": 8.4, "consensus_n": 0, "fwd_pe": null, "fwd_pe2": null, "fwd_g1": null, "fwd_g2": null, "peg": null, "consensus_disp": null, "mainbz": [["产品", 41.0], ["智能底盘产品", 19.0], ["紧固件产品及其它", 14.0], ["其他产品", 14.0]], "ret_prev_year": 15.7, "ret_prev2_year": 0.8, "ret_ytd": -27.5, "ret_pivot": -0.5, "prev_year": "2025", "prev2_year": "2024", "ret_20": -4.9, "ret_60": -2.2, "ret_120": -22.3, "ret_250": -32.4, "mdd_250": -35.6, "vol_250": 30.3, "pos_52w": 67.4}, "S": {"duration": 26, "pricing": 40, "hard": 30, "bondness": 48}, "label": "中性", "tags": [], "text": {"像什么": ["PE 11.9 倍、股息率 3.7%、毛利率近 5 年中位 11.2%、固定资产占比 19%、有息负债/EBITDA 1.4 倍:四轴都不突出。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 19%,毛利率近 5 年中位 11.2%。", "加息期怎么走": "按行业与估值常规看,没有明确的利率方向性。", "四问": [["当前 FCF 能覆盖多少市值?", "自由现金流/市值 -1.1%(经营现金流/市值 3.8%)。极低或为负。"], ["能否每年提价而不掉量?", "毛利率近 5 年中位 11.2%,稳定度 88%,2020→2022 成本通胀期毛利率变化 -4.6 个百分点。不能。"], ["资产重置成本随通胀涨吗?", "固定资产 + 在建占总资产 19%,资本开支/折旧 0.79 倍。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 11.9 倍 粗算,约 58%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -32%,最大回撤 -36%,年化波动 30%,现价在 52 周高点的 67%;近 20 / 60 / 120 日 -5% / -2% / -22%。", "行业对照": ["同申万二级「汽车零部件」274 家中位:PE 30.2 / 股息率 1.1% / 毛利率 21.4% / 固定资产占比 26% / 分红率 35%。", "富奥股份:PE 比行业中位低 18.3倍;股息率 比行业中位高 2.6个百分点;毛利率 比行业中位低 10.2个百分点;固定资产占比 比行业中位低 6.8个百分点。"]}}