{"F": {"ts_code": "US.CRWS", "name": "Crown Crafts", "mkt": "US", "ccy": "美元", "sw1": "家具、灯具与家电", "sw2": "家具、灯具与家电", "sw3": "", "ind": "家具、灯具与家电", "fin_source": "futu", "market": "NASDAQ", "list_date": null, "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 2.72, "pe_ttm": 5.913, "pb": 0.727, "dv_ttm": 11.76, "total_mv": 2926.798064, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [24.4], "rev_series": [0.8], "np_series": [0.0], "roe_series": [4.7], "rev_ttm": 0.8, "np_ttm": 0.1, "ocf_ttm": 0.1, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 29.2, "gm_median": 24.4, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 2.2, "roe_median": 4.7, "commodity": false, "hard_ratio": 11.8, "fix_assets": 0.1, "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": 0.1, "debt_ratio": 45.1, "debt_mv": null, "payout": 70.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -5.7, "np_yoy": 119.7, "np_vol": null, "loss_years": 0, "far_share": 15.0, "earn_yield": 16.9, "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": 3.9, "ret_20": -9.3, "ret_60": -2.2, "ret_120": 4.4, "ret_250": -0.2, "mdd_250": null, "vol_250": null, "pos_52w": 87.7, "eps": 0.17}, "S": {"duration": 14, "pricing": 44, "hard": 19, "bondness": 68}, "label": "现金流红利", "tags": ["股息率≥4%"], "text": {"像什么": ["分红率 70%、股息率 11.8%、最新一年营收增速 -5.7%、资产负债率 45%:红利底仓,但不靠杠杆。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 12%,毛利率最新年报 24.4%。", "加息期怎么走": "船票:加息期底仓。放水信号出现后按 7:3 → 5:5 → 3:7 逐步让位给科技。", "四问": [["当前 FCF 能覆盖多少市值?", "经营现金流/市值 29.2%(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 24.4%。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 12%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 5.9 倍 粗算,约 15%(1 − 5/PE)。<40%,估值靠当期。"]], "价格行为": "近一年 -0%,现价在 52 周高点的 88%;近 20 / 60 / 120 日 -9% / -2% / 4%。", "行业对照": ["同富途行业「家具、灯具与家电」28 家中位:PE 16.6 / 股息率 0.1% / 毛利率 37.4% / 固定资产占比 20% / 分红率 12%。", "Crown Crafts:PE 比行业中位低 10.7倍;股息率 比行业中位高 11.7个百分点;毛利率 比行业中位低 13.0个百分点;固定资产占比 比行业中位低 8.2个百分点。"]}}