{"F": {"ts_code": "002085.SZ", "name": "万丰奥威", "mkt": "CN", "ccy": "元", "sw1": "汽车", "sw2": "汽车零部件", "sw3": "轮胎轮毂", "ind": "汽车零部件", "fin_source": "tushare", "market": "主板", "list_date": "20061128", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 10.45, "pe_ttm": 24.523, "pb": 3.2294, "dv_ttm": 1.4354, "total_mv": 2218845.8875, "trade_date": "20260904", "years": ["20201231", "20211231", "20221231", "20231231", "20241231", "20251231"], "multi_year": true, "gm_series": [20.2, 16.1, 18.5, 20.3, 16.5, 17.0], "rev_series": [107.0, 124.4, 163.8, 162.1, 162.6, 159.9], "np_series": [5.7, 3.3, 8.1, 7.3, 6.5, 9.9], "roe_series": [9.8, 6.4, 14.5, 11.4, 9.6, 13.6], "period": "20260630", "rev_ttm": 159.7, "np_ttm": 9.0, "ocf_ttm": 14.0, "fcf_ttm": 8.1, "fcf_yield": 3.6, "ocf_yield": 6.3, "gm_median": 17.0, "gm_std": 1.5, "gm_stab": 0.91, "gm_chg_2022": -1.7, "npm_median": 6.3, "roe_median": 11.4, "commodity": false, "hard_ratio": 21.6, "fix_assets": 38.8, "goodwill_ratio": 6.2, "pb_calc": 3.23, "capex_dep": 1.3, "interest_debt": 68.0, "debt_ebitda": 3.5, "debt_ratio": 55.2, "debt_mv": 30.7, "payout": 31.9, "div_years": 4, "rev_cagr3": -0.8, "np_cagr3": 6.9, "rev_yoy": -0.2, "np_yoy": -16.5, "np_vol": 65.4, "loss_years": 0, "far_share": 80.0, "earn_yield": 4.1, "consensus_n": 4, "fwd_pe": 21.1, "fwd_pe2": 17.7, "fwd_g1": 16.0, "fwd_g2": 19.0, "peg": 1.11, "consensus_disp": null, "mainbz": [["产品", 47.0], ["汽车金属轻量化零部件", 40.0], ["飞机制造", 7.0], ["通航飞机制造", 7.0]], "ret_prev_year": -14.7, "ret_prev2_year": 311.9, "ret_ytd": -34.5, "ret_pivot": -9.5, "prev_year": "2025", "prev2_year": "2024", "ret_20": -2.0, "ret_60": -15.0, "ret_120": -33.1, "ret_250": -39.7, "mdd_250": -48.8, "vol_250": 35.6, "pos_52w": 54.3}, "S": {"duration": 46, "pricing": 47, "hard": 35, "bondness": 50}, "label": "中性", "tags": [], "text": {"像什么": ["PE 24.5 倍、股息率 1.4%、毛利率近 5 年中位 17.0%、固定资产占比 22%、有息负债/EBITDA 3.5 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 22%,毛利率近 5 年中位 17.0%。", "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 3.6%(经营现金流/市值 6.3%)。一般。"], ["能否每年提价而不掉量?", "毛利率近 5 年中位 17.0%,稳定度 91%,2020→2022 成本通胀期毛利率变化 -1.7 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 22%,资本开支/折旧 1.30 倍。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 24.5 倍 粗算,约 80%(1 − 5/PE)。>70%,把 5 年后的假设砍一半,这个股票值多少钱?"]], "价格行为": "近一年 -40%,最大回撤 -49%,年化波动 36%,现价在 52 周高点的 54%;近 20 / 60 / 120 日 -2% / -15% / -33%。", "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%。", "万丰奥威:PE 比行业中位低 5.7倍;股息率 比行业中位高 0.3个百分点;毛利率 比行业中位低 4.4个百分点;固定资产占比 比行业中位低 3.9个百分点。"]}}