{"F": {"ts_code": "300507.SZ", "name": "苏奥传感", "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": "创业板", "list_date": "20160429", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 6.57, "pe_ttm": 55.5746, "pb": 2.4555, "dv_ttm": 0.9094, "total_mv": 528229.5111, "trade_date": "20260904", "years": ["20201231", "20211231", "20221231", "20231231", "20241231", "20251231"], "multi_year": true, "gm_series": [26.7, 25.4, 23.8, 23.8, 21.3, 16.7], "rev_series": [8.1, 8.6, 9.6, 11.2, 16.7, 22.9], "np_series": [1.0, 1.0, 2.8, 1.2, 1.4, 1.2], "roe_series": [9.9, 7.2, 15.7, 6.5, 6.9, 5.7], "period": "20260630", "rev_ttm": 21.4, "np_ttm": 1.0, "ocf_ttm": 1.1, "fcf_ttm": -0.5, "fcf_yield": -1.0, "ocf_yield": 2.0, "gm_median": 23.8, "gm_std": 3.1, "gm_stab": 0.87, "gm_chg_2022": -2.8, "npm_median": 14.7, "roe_median": 6.9, "commodity": false, "hard_ratio": 18.1, "fix_assets": 6.7, "goodwill_ratio": 0.7, "pb_calc": 2.46, "capex_dep": 1.7, "interest_debt": 2.9, "debt_ebitda": 1.1, "debt_ratio": 31.8, "debt_mv": 5.5, "payout": 37.5, "div_years": 5, "rev_cagr3": 33.6, "np_cagr3": -24.4, "rev_yoy": -14.2, "np_yoy": -42.8, "np_vol": 81.9, "loss_years": 0, "far_share": 91.0, "earn_yield": 1.8, "consensus_n": 0, "fwd_pe": null, "fwd_pe2": null, "fwd_g1": null, "fwd_g2": null, "peg": null, "consensus_disp": null, "mainbz": [["汽车热管理系统零部件", 30.0], ["燃油系统附件", 16.0], ["汽车燃油系统附件", 16.0], ["新能源部件", 10.0]], "ret_prev_year": 38.7, "ret_prev2_year": -0.0, "ret_ytd": -28.0, "ret_pivot": 32.5, "prev_year": "2025", "prev2_year": "2024", "ret_20": -0.2, "ret_60": -6.5, "ret_120": -25.8, "ret_250": -22.3, "mdd_250": -43.8, "vol_250": 46.3, "pos_52w": 62.3}, "S": {"duration": 75, "pricing": 48, "hard": 29, "bondness": 22}, "label": "中性", "tags": [], "text": {"像什么": ["PE 55.6 倍、股息率 0.9%、毛利率近 5 年中位 23.8%、固定资产占比 18%、有息负债/EBITDA 1.1 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 18%,毛利率近 5 年中位 23.8%。", "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 -1.0%(经营现金流/市值 2.0%)。极低或为负。"], ["能否每年提价而不掉量?", "毛利率近 5 年中位 23.8%,稳定度 87%,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 18%,资本开支/折旧 1.70 倍。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 55.6 倍 粗算,约 91%(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 -22%,最大回撤 -44%,年化波动 46%,现价在 52 周高点的 62%;近 20 / 60 / 120 日 -0% / -6% / -26%。", "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%。", "苏奥传感:PE 比行业中位高 25.4倍;股息率 比行业中位低 0.2个百分点;毛利率 比行业中位高 2.4个百分点;固定资产占比 比行业中位低 7.4个百分点。"]}}