{"F": {"ts_code": "US.BHE", "name": "Benchmark Electronics", "mkt": "US", "ccy": "美元", "sw1": "电子元件", "sw2": "电子元件", "sw3": "", "ind": "电子元件", "fin_source": "futu", "market": "NYSE", "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": 72.64, "pe_ttm": 49.753, "pb": 2.337, "dv_ttm": 0.94, "total_mv": 260922.393312, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [10.2], "rev_series": [26.6], "np_series": [0.2], "roe_series": [2.3], "rev_ttm": 26.6, "np_ttm": 0.5, "ocf_ttm": 1.8, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 6.8, "gm_median": 10.2, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 0.9, "roe_median": 2.3, "commodity": false, "hard_ratio": 20.3, "fix_assets": 4.3, "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": 1.3, "debt_ratio": 46.9, "debt_mv": null, "payout": 47.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 0.1, "np_yoy": -59.3, "np_vol": null, "loss_years": 0, "far_share": 90.0, "earn_yield": 2.0, "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": 70.7, "ret_20": -11.8, "ret_60": -12.2, "ret_120": 34.8, "ret_250": 83.7, "mdd_250": null, "vol_250": null, "pos_52w": 72.3, "eps": 0.68}, "S": {"duration": 71, "pricing": 37, "hard": 32, "bondness": 35}, "label": "中性", "tags": [], "text": {"像什么": ["PE 49.8 倍、股息率 0.9%、毛利率最新年报 10.2%、固定资产占比 20%、资产负债率 47%: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 20%,毛利率最新年报 10.2%。", "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 6.8%(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 10.2%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 20%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 49.8 倍 粗算,约 90%(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 84%,现价在 52 周高点的 72%;近 20 / 60 / 120 日 -12% / -12% / 35%。", "行业对照": ["同富途行业「电子元件」44 家中位:PE 38.9 / 股息率 0.0% / 毛利率 31.7% / 固定资产占比 17% / 分红率 0%。", "Benchmark Electronics:PE 比行业中位高 10.9倍;股息率 比行业中位高 0.9个百分点;毛利率 比行业中位低 21.5个百分点;固定资产占比 比行业中位高 3.1个百分点。"]}}