{"F": {"ts_code": "US.DKS", "name": "迪克体育用品", "mkt": "US", "ccy": "美元", "sw1": "专业零售", "sw2": "专业零售", "sw3": "", "ind": "专业零售", "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": 139.15, "pe_ttm": 15.358, "pb": 2.161, "dv_ttm": 3.54, "total_mv": 1237413.02674, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [32.9], "rev_series": [172.2], "np_series": [8.5], "roe_series": [19.4], "rev_ttm": 172.2, "np_ttm": 8.4, "ocf_ttm": 15.9, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 12.9, "gm_median": 32.9, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 4.9, "roe_median": 19.4, "commodity": false, "hard_ratio": 35.0, "fix_assets": 48.7, "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": 16.9, "debt_ratio": 68.2, "debt_mv": null, "payout": 54.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 28.1, "np_yoy": -27.1, "np_vol": null, "loss_years": 0, "far_share": 67.0, "earn_yield": 6.5, "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": -28.9, "ret_20": -33.4, "ret_60": -34.9, "ret_120": -25.0, "ret_250": -36.4, "mdd_250": null, "vol_250": null, "pos_52w": 56.9, "eps": 9.97}, "S": {"duration": 32, "pricing": 48, "hard": 56, "bondness": 53}, "label": "现金流红利", "tags": [], "text": {"像什么": ["分红率 54%、股息率 3.5%、最新一年营收增速 28.1%、资产负债率 68%:红利底仓,但不靠杠杆。"], "为什么(不)算钱的替代品": "硬资产占比 35%、毛利率 32.9% 两条都占,但所在行业(专业零售)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": "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 12.9%(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 32.9%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 35%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 15.4 倍 粗算,约 67%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -36%,现价在 52 周高点的 57%;近 20 / 60 / 120 日 -33% / -35% / -25%。", "行业对照": ["同富途行业「专业零售」45 家中位:PE 17.8 / 股息率 0.0% / 毛利率 35.1% / 固定资产占比 33% / 分红率 0%。", "迪克体育用品:PE 比行业中位低 2.4倍;股息率 比行业中位高 3.5个百分点;毛利率 比行业中位低 2.2个百分点;固定资产占比 比行业中位高 2.4个百分点。"]}}