{"F": {"ts_code": "US.ATRO", "name": "Astronics", "mkt": "US", "ccy": "美元", "sw1": "航空航天与国防", "sw2": "航空航天与国防", "sw3": "", "ind": "航空航天与国防", "fin_source": "futu", "market": "NASDAQ", "list_date": null, "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 76.26, "pe_ttm": 40.78, "pb": 16.545, "dv_ttm": 0.0, "total_mv": 327987.122064, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [29.9], "rev_series": [8.6], "np_series": [0.3], "roe_series": [14.8], "rev_ttm": 8.6, "np_ttm": 0.8, "ocf_ttm": 1.0, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 3.1, "gm_median": 29.9, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 3.4, "roe_median": 14.8, "commodity": false, "hard_ratio": 18.8, "fix_assets": 1.3, "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": 1.0, "debt_ratio": 80.2, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 8.4, "np_yoy": 281.1, "np_vol": null, "loss_years": 0, "far_share": 88.0, "earn_yield": 2.5, "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": 76.2, "ret_20": -1.9, "ret_60": 16.1, "ret_120": 39.1, "ret_250": 149.0, "mdd_250": null, "vol_250": null, "pos_52w": 80.7, "eps": 0.81}, "S": {"duration": 64, "pricing": 47, "hard": 30, "bondness": 13}, "label": "成长兑现", "tags": [], "text": {"像什么": ["盈利在追估值:最新净利润同比 281%,PE TTM 40.8 倍,历史 PEG(PE ÷ 最新增速)0.15。", "经营现金流 1.0 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 19%,毛利率最新年报 29.9%。", "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 3.1%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。一般。"], ["能否每年提价而不掉量?", "毛利率最新年报 29.9%。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 19%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 40.8 倍 粗算,约 88%(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 149%,现价在 52 周高点的 81%;近 20 / 60 / 120 日 -2% / 16% / 39%。", "行业对照": ["同富途行业「航空航天与国防」93 家中位:PE 35.4 / 股息率 0.0% / 毛利率 26.2% / 固定资产占比 13% / 分红率 4%。", "Astronics:PE 比行业中位高 5.4倍;股息率 与行业中位持平;毛利率 比行业中位高 3.7个百分点;固定资产占比 比行业中位高 6.1个百分点。"]}}