{"F": {"ts_code": "002516.SZ", "name": "旷达科技", "mkt": "CN", "ccy": "元", "sw1": "汽车", "sw2": "汽车零部件", "sw3": "车身附件及饰件", "ind": "汽车零部件", "fin_source": "tushare", "market": "主板", "list_date": "20101207", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 5.41, "pe_ttm": 36.2719, "pb": 2.1086, "dv_ttm": 1.4787, "total_mv": 795723.7367, "trade_date": "20260904", "years": ["20201231", "20211231", "20221231", "20231231", "20241231", "20251231"], "multi_year": true, "gm_series": [28.8, 26.1, 26.0, 25.3, 22.2, 24.6], "rev_series": [14.9, 17.2, 17.8, 18.0, 21.0, 22.8], "np_series": [2.1, 1.9, 2.0, 1.9, 1.6, 1.8], "roe_series": [6.0, 5.5, 5.6, 5.2, 4.5, 4.9], "period": "20260630", "rev_ttm": 24.2, "np_ttm": 2.2, "ocf_ttm": 4.6, "fcf_ttm": 4.2, "fcf_yield": 5.3, "ocf_yield": 5.7, "gm_median": 25.3, "gm_std": 1.4, "gm_stab": 0.94, "gm_chg_2022": -2.8, "npm_median": 9.4, "roe_median": 5.2, "commodity": false, "hard_ratio": 23.1, "fix_assets": 10.5, "goodwill_ratio": 0.0, "pb_calc": 2.11, "capex_dep": 0.36, "interest_debt": 0.5, "debt_ebitda": 0.1, "debt_ratio": 17.0, "debt_mv": 0.6, "payout": 71.9, "div_years": 5, "rev_cagr3": 8.5, "np_cagr3": -2.7, "rev_yoy": 13.8, "np_yoy": 45.8, "np_vol": 9.9, "loss_years": 0, "far_share": 86.0, "earn_yield": 2.8, "consensus_n": 0, "fwd_pe": null, "fwd_pe2": null, "fwd_g1": null, "fwd_g2": null, "peg": null, "consensus_disp": null, "mainbz": [["产品", 46.0], ["面料", 15.0], ["合成革", 13.0], ["座套", 8.0]], "ret_prev_year": 32.6, "ret_prev2_year": 5.1, "ret_ytd": -16.9, "ret_pivot": 48.2, "prev_year": "2025", "prev2_year": "2024", "ret_20": 0.6, "ret_60": -8.6, "ret_120": -10.1, "ret_250": -2.7, "mdd_250": -30.2, "vol_250": 32.8, "pos_52w": 75.7}, "S": {"duration": 60, "pricing": 51, "hard": 37, "bondness": 46}, "label": "中性", "tags": [], "text": {"像什么": ["PE 36.3 倍、股息率 1.5%、毛利率近 5 年中位 25.3%、固定资产占比 23%、有息负债/EBITDA 0.1 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 23%,毛利率近 5 年中位 25.3%。", "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 5.3%(经营现金流/市值 5.7%)。覆盖高。"], ["能否每年提价而不掉量?", "毛利率近 5 年中位 25.3%,稳定度 94%,2020→2022 成本通胀期毛利率变化 -2.8 个百分点。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产 + 在建占总资产 23%,资本开支/折旧 0.36 倍。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 36.3 倍 粗算,约 86%(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 -3%,最大回撤 -30%,年化波动 33%,现价在 52 周高点的 76%;近 20 / 60 / 120 日 1% / -9% / -10%。", "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%。", "旷达科技:PE 比行业中位高 6.1倍;股息率 比行业中位高 0.4个百分点;毛利率 比行业中位高 3.9个百分点;固定资产占比 比行业中位低 2.4个百分点。"]}}