{"F": {"ts_code": "US.CHD", "name": "丘奇&德怀特", "mkt": "US", "ccy": "美元", "sw1": "家庭和个人用品", "sw2": "家庭和个人用品", "sw3": "", "ind": "家庭和个人用品", "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": 98.55, "pe_ttm": 31.586, "pb": 5.376, "dv_ttm": 1.22, "total_mv": 2337644.5034849998, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [44.7], "rev_series": [62.0], "np_series": [7.4], "roe_series": [17.6], "rev_ttm": 62.0, "np_ttm": 7.4, "ocf_ttm": 12.6, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 5.4, "gm_median": 44.7, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 11.9, "roe_median": 17.6, "commodity": false, "hard_ratio": 10.0, "fix_assets": 8.9, "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": 13.0, "debt_ratio": 55.1, "debt_mv": null, "payout": 39.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 1.6, "np_yoy": 25.9, "np_vol": null, "loss_years": 0, "far_share": 84.0, "earn_yield": 3.2, "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": 18.6, "ret_20": -4.3, "ret_60": 0.7, "ret_120": 1.0, "ret_250": 5.5, "mdd_250": null, "vol_250": null, "pos_52w": 93.5, "eps": 3.02}, "S": {"duration": 55, "pricing": 54, "hard": 16, "bondness": 34}, "label": "中性", "tags": [], "text": {"像什么": ["PE 31.6 倍、股息率 1.2%、毛利率最新年报 44.7%、固定资产占比 10%、资产负债率 55%:四轴都不突出。"], "为什么(不)算钱的替代品": "只占定价权一条(毛利率 44.7%),硬资产占比 10%。分子能跟上通胀,但没有重置成本对冲;按'定价权·品牌'看,不按硬资产看。", "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 5.4%(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 44.7%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 10%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 31.6 倍 粗算,约 84%(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 6%,现价在 52 周高点的 94%;近 20 / 60 / 120 日 -4% / 1% / 1%。", "行业对照": ["同富途行业「家庭和个人用品」31 家中位:PE 22.1 / 股息率 0.0% / 毛利率 48.8% / 固定资产占比 13% / 分红率 61%。", "丘奇&德怀特:PE 比行业中位高 9.5倍;股息率 比行业中位高 1.2个百分点;毛利率 比行业中位低 4.1个百分点;固定资产占比 比行业中位低 3.3个百分点。"]}}