{"F": {"ts_code": "US.ANF", "name": "爱芬奇", "mkt": "US", "ccy": "美元", "sw1": "服装零售", "sw2": "服装零售", "sw3": "", "ind": "服装零售", "fin_source": "futu", "market": "NYSE", "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": 149.67, "pe_ttm": 12.924, "pb": 4.909, "dv_ttm": 0.0, "total_mv": 665009.40357, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [61.5], "rev_series": [52.7], "np_series": [5.1], "roe_series": [37.0], "rev_ttm": 52.7, "np_ttm": 5.4, "ocf_ttm": 8.2, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 12.3, "gm_median": 61.5, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 9.8, "roe_median": 37.0, "commodity": false, "hard_ratio": 52.8, "fix_assets": 18.1, "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": 8.8, "debt_ratio": 59.9, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 6.4, "np_yoy": -10.3, "np_vol": null, "loss_years": 0, "far_share": 61.0, "earn_yield": 7.7, "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": 18.9, "ret_20": 32.9, "ret_60": 75.4, "ret_120": 76.1, "ret_250": 56.9, "mdd_250": null, "vol_250": null, "pos_52w": 96.8, "eps": 10.46}, "S": {"duration": 28, "pricing": 63, "hard": 84, "bondness": 13}, "label": "中性", "tags": [], "text": {"像什么": ["PE 12.9 倍、股息率 0.0%、毛利率最新年报 61.5%、固定资产占比 53%、资产负债率 60%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 53%、毛利率 61.5% 两条都占,但所在行业(服装零售)不在硬资产名单里(医药/科技的固定资产是产能不是储量),按主标签看。", "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 12.3%(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 61.5%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 53%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 12.9 倍 粗算,约 61%(1 − 5/PE)。中等。"]], "价格行为": "近一年 57%,现价在 52 周高点的 97%;近 20 / 60 / 120 日 33% / 75% / 76%。", "行业对照": ["同富途行业「服装零售」34 家中位:PE 13.8 / 股息率 0.0% / 毛利率 40.2% / 固定资产占比 41% / 分红率 0%。", "爱芬奇:PE 比行业中位低 0.9倍;股息率 与行业中位持平;毛利率 比行业中位高 21.3个百分点;固定资产占比 比行业中位高 11.6个百分点。"]}}