{"F": {"ts_code": "US.CDLR", "name": "Cadeler AS", "mkt": "US", "ccy": "美元", "sw1": "建筑工程", "sw2": "建筑工程", "sw3": "", "ind": "建筑工程", "fin_source": "futu", "market": "NYSE", "list_date": "20231215", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 24.93, "pe_ttm": 9.928, "pb": 1.166, "dv_ttm": 0.0, "total_mv": 240502.659219, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [61.8], "rev_series": [7.3], "np_series": [3.3], "roe_series": [20.5], "rev_ttm": 7.3, "np_ttm": 2.3, "ocf_ttm": 4.7, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 19.5, "gm_median": 61.8, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 45.2, "roe_median": 20.5, "commodity": false, "hard_ratio": 46.8, "fix_assets": 14.1, "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": 4.9, "debt_ratio": 56.0, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 181.6, "np_yoy": 386.1, "np_vol": null, "loss_years": 0, "far_share": 50.0, "earn_yield": 10.1, "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": 34.1, "ret_20": 5.5, "ret_60": 12.7, "ret_120": 4.7, "ret_250": 17.0, "mdd_250": null, "vol_250": null, "pos_52w": 83.1, "eps": 3.674}, "S": {"duration": 22, "pricing": 63, "hard": 75, "bondness": 13}, "label": "中性", "tags": [], "text": {"像什么": ["PE 9.9 倍、股息率 0.0%、毛利率最新年报 61.8%、固定资产占比 47%、资产负债率 56%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 47%、毛利率 61.8% 两条都占,但所在行业(建筑工程)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 19.5%(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 61.8%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 47%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 9.9 倍 粗算,约 50%(1 − 5/PE)。中等。"]], "价格行为": "近一年 17%,现价在 52 周高点的 83%;近 20 / 60 / 120 日 6% / 13% / 5%。", "行业对照": ["同富途行业「建筑工程」52 家中位:PE 30.5 / 股息率 0.0% / 毛利率 15.6% / 固定资产占比 12% / 分红率 1%。", "Cadeler AS:PE 比行业中位低 20.6倍;股息率 与行业中位持平;毛利率 比行业中位高 46.2个百分点;固定资产占比 比行业中位高 34.5个百分点。"]}}