{"F": {"ts_code": "HK.01690", "name": "立基工程控股", "mkt": "HK", "ccy": "港元", "sw1": "楼宇建造", "sw2": "楼宇建造", "sw3": "", "ind": "楼宇建造", "fin_source": "futu", "market": "主板", "list_date": "20150925", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 0.143, "pe_ttm": 10.214, "pb": 1.643, "dv_ttm": 13.99, "total_mv": 20666.789, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [13.0], "rev_series": [2.8], "np_series": [0.2], "roe_series": [10.5], "rev_ttm": 2.8, "np_ttm": 0.2, "ocf_ttm": 0.4, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 18.2, "gm_median": 13.0, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 5.6, "roe_median": 10.5, "commodity": false, "hard_ratio": 3.6, "fix_assets": 0.1, "goodwill_ratio": null, "pb_calc": null, "capex_dep": null, "interest_debt": null, "debt_ebitda": null, "ebitda": 0.2, "debt_ratio": 44.8, "debt_mv": null, "payout": 143.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -32.4, "np_yoy": 657.0, "np_vol": null, "loss_years": 0, "far_share": 51.0, "earn_yield": 9.8, "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": 169.8, "ret_20": 8.3, "ret_60": 1.4, "ret_120": 142.4, "ret_250": 217.8, "mdd_250": null, "vol_250": null, "pos_52w": 74.5, "eps": 0.011}, "S": {"duration": 23, "pricing": 38, "hard": 6, "bondness": 78}, "label": "现金流红利", "tags": ["股息率≥4%"], "text": {"像什么": ["分红率 143%、股息率 14.0%、最新一年营收增速 -32.4%、资产负债率 45%:红利底仓,但不靠杠杆。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 4%,毛利率最新年报 13.0%。", "加息期怎么走": "船票:加息期底仓。放水信号出现后按 7:3 → 5:5 → 3:7 逐步让位给科技。", "四问": [["当前 FCF 能覆盖多少市值?", "经营现金流/市值 18.2%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。覆盖高。"], ["能否每年提价而不掉量?", "毛利率最新年报 13.0%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 4%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 10.2 倍 粗算,约 51%(1 − 5/PE)。中等。"]], "价格行为": "近一年 218%,现价在 52 周高点的 74%;近 20 / 60 / 120 日 8% / 1% / 142%。", "行业对照": ["同富途行业「楼宇建造」100 家中位:PE 13.2 / 股息率 0.0% / 毛利率 8.1% / 固定资产占比 5% / 分红率 0%。", "立基工程控股:PE 比行业中位低 3.0倍;股息率 比行业中位高 14.0个百分点;毛利率 比行业中位高 4.9个百分点;固定资产占比 比行业中位低 1.0个百分点。"]}}