{"F": {"ts_code": "US.ANDE", "name": "安德森斯", "mkt": "US", "ccy": "美元", "sw1": "食品分销", "sw2": "食品分销", "sw3": "", "ind": "食品分销", "fin_source": "futu", "market": "NASDAQ", "list_date": null, "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 69.31, "pe_ttm": 13.406, "pb": 1.785, "dv_ttm": 1.15, "total_mv": 235484.67566999997, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [6.5], "rev_series": [110.1], "np_series": [1.2], "roe_series": [7.3], "rev_ttm": 110.1, "np_ttm": 1.8, "ocf_ttm": 3.2, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 13.7, "gm_median": 6.5, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 1.1, "roe_median": 7.3, "commodity": false, "hard_ratio": 25.1, "fix_assets": 9.8, "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": 3.2, "debt_ratio": 65.2, "debt_mv": null, "payout": 15.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -2.2, "np_yoy": -30.1, "np_vol": null, "loss_years": 0, "far_share": 63.0, "earn_yield": 7.5, "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": 31.6, "ret_20": 6.0, "ret_60": -6.4, "ret_120": -0.6, "ret_250": 71.9, "mdd_250": null, "vol_250": null, "pos_52w": 84.7, "eps": 2.79}, "S": {"duration": 28, "pricing": 35, "hard": 40, "bondness": 25}, "label": "中性", "tags": [], "text": {"像什么": ["PE 13.4 倍、股息率 1.1%、毛利率最新年报 6.5%、固定资产占比 25%、资产负债率 65%: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 25%,毛利率最新年报 6.5%。", "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 13.7%(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 6.5%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 25%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 13.4 倍 粗算,约 63%(1 − 5/PE)。中等。"]], "价格行为": "近一年 72%,现价在 52 周高点的 85%;近 20 / 60 / 120 日 6% / -6% / -1%。", "行业对照": ["同富途行业「食品分销」11 家中位:PE 33.5 / 股息率 0.0% / 毛利率 16.9% / 固定资产占比 24% / 分红率 0%。", "安德森斯:PE 比行业中位低 20.1倍;股息率 比行业中位高 1.1个百分点;毛利率 比行业中位低 10.4个百分点;固定资产占比 比行业中位高 0.6个百分点。"]}}