{"F": {"ts_code": "HK.01009", "name": "国际娱乐", "mkt": "HK", "ccy": "港元", "sw1": "赌场及博彩", "sw2": "赌场及博彩", "sw3": "", "ind": "赌场及博彩", "fin_source": "futu", "market": "主板", "list_date": "20000731", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 1.48, "pe_ttm": -4.169, "pb": 8.409, "dv_ttm": 0.0, "total_mv": 202635.27078, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [null], "rev_series": [0.0], "np_series": [0.0], "roe_series": [0.0], "rev_ttm": null, "np_ttm": null, "ocf_ttm": null, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 0.0, "gm_median": null, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 0.0, "roe_median": 0.0, "commodity": false, "hard_ratio": null, "fix_assets": null, "goodwill_ratio": null, "pb_calc": null, "capex_dep": null, "interest_debt": null, "debt_ebitda": null, "ebitda": 0.0, "debt_ratio": 0.0, "debt_mv": null, "payout": null, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -100.0, "np_yoy": 100.0, "np_vol": null, "loss_years": 0, "far_share": 100, "earn_yield": null, "consensus_n": 0, "fwd_pe": null, "fwd_pe2": null, "fwd_g1": null, "fwd_g2": null, "peg": null, "consensus_disp": null, "mainbz": [], "ret_prev_year": null, "ret_prev2_year": null, "ret_pivot": null, "prev_year": "", "prev2_year": "", "ret_ytd": 23.3, "ret_20": 2.1, "ret_60": 7.2, "ret_120": 54.2, "ret_250": 15.6, "mdd_250": null, "vol_250": null, "pos_52w": 94.9, "eps": -0.206}, "S": {"duration": 100, "pricing": 32, "hard": 0, "bondness": 13}, "label": "中性", "tags": [], "text": {"像什么": ["PE -4.2 倍、股息率 0.0%、毛利率最新年报 —、固定资产占比 —、资产负债率 0%: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 —,毛利率最新年报 —。", "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?", "经营现金流/市值 0.0%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。极低或为负。"], ["能否每年提价而不掉量?", "毛利率未披露(公用事业 / 地产 / 综合企业常见)。无法从毛利率判断。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 —。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 为负 粗算,约 100%(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 16%,现价在 52 周高点的 95%;近 20 / 60 / 120 日 2% / 7% / 54%。", "行业对照": ["同富途行业「赌场及博彩」16 家中位:PE 9.4 / 股息率 3.7% / 毛利率 46.6% / 固定资产占比 51% / 分红率 45%。", "国际娱乐:PE 比行业中位低 13.6倍;股息率 比行业中位低 3.7个百分点;毛利率 ;固定资产占比 。"]}}