{"F": {"ts_code": "US.AMCR", "name": "Amcor", "mkt": "US", "ccy": "美元", "sw1": "包装与容器", "sw2": "包装与容器", "sw3": "", "ind": "包装与容器", "fin_source": "futu", "market": "NYSE", "list_date": null, "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 45.15, "pe_ttm": 18.97, "pb": 1.77, "dv_ttm": 5.73, "total_mv": 2087490.79035, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [20.0], "rev_series": [235.1], "np_series": [11.1], "roe_series": [9.4], "rev_ttm": 235.1, "np_ttm": 11.1, "ocf_ttm": 21.5, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 10.3, "gm_median": 20.0, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 4.7, "roe_median": 9.4, "commodity": false, "hard_ratio": 18.4, "fix_assets": 68.4, "hard_note": "PP&E 毛额 × 0.5 近似净额", "goodwill_ratio": null, "pb_calc": null, "capex_dep": null, "interest_debt": null, "debt_ebitda": null, "ebitda": 34.4, "debt_ratio": 68.2, "debt_mv": null, "payout": 109.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 56.6, "np_yoy": 113.5, "np_vol": null, "loss_years": 0, "far_share": 74.0, "earn_yield": 5.3, "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": 13.1, "ret_20": -4.3, "ret_60": 20.0, "ret_120": 14.7, "ret_250": 16.5, "mdd_250": null, "vol_250": null, "pos_52w": 92.6, "eps": 2.38}, "S": {"duration": 38, "pricing": 42, "hard": 29, "bondness": 78}, "label": "成长兑现", "tags": ["现金流红利", "股息率≥4%"], "text": {"像什么": ["盈利在追估值:最新净利润同比 114%,PE TTM 19.0 倍,历史 PEG(PE ÷ 最新增速)0.17。", "经营现金流 21.5 亿(正),没有一致预期数据,风险在增速能否延续。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 18%,毛利率最新年报 20.0%。", "加息期怎么走": "估值不靠远期故事,加息期比纯久期抗跌;风险在订单与增速,盯业绩不盯利率。", "四问": [["当前 FCF 能覆盖多少市值?", "经营现金流/市值 10.3%(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 20.0%。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 18%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 19.0 倍 粗算,约 74%(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 93%;近 20 / 60 / 120 日 -4% / 20% / 15%。", "行业对照": ["同富途行业「包装与容器」23 家中位:PE 17.2 / 股息率 2.2% / 毛利率 20.9% / 固定资产占比 28% / 分红率 49%。", "Amcor:PE 比行业中位高 1.8倍;股息率 比行业中位高 3.5个百分点;毛利率 比行业中位低 0.9个百分点;固定资产占比 比行业中位低 9.1个百分点。"]}}