{"F": {"ts_code": "US.EMBC", "name": "Embecta", "mkt": "US", "ccy": "美元", "sw1": "医疗设备和用品", "sw2": "医疗设备和用品", "sw3": "", "ind": "医疗设备和用品", "fin_source": "futu", "market": "NASDAQ", "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": 5.8, "pe_ttm": 3.945, "pb": -0.536, "dv_ttm": 7.93, "total_mv": 32862.56742, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [62.6], "rev_series": [10.8], "np_series": [1.0], "roe_series": [0.0], "rev_ttm": 10.8, "np_ttm": 0.9, "ocf_ttm": 1.7, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 53.0, "gm_median": 62.6, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 8.8, "roe_median": 0.0, "commodity": false, "hard_ratio": 33.0, "fix_assets": 3.9, "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": 2.8, "debt_ratio": 159.7, "debt_mv": null, "payout": 31.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -3.8, "np_yoy": 21.8, "np_vol": null, "loss_years": 0, "far_share": 0.0, "earn_yield": 25.3, "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": -50.2, "ret_20": 31.5, "ret_60": 81.0, "ret_120": -33.9, "ret_250": -59.1, "mdd_250": null, "vol_250": null, "pos_52w": 38.5, "eps": 1.62}, "S": {"duration": 9, "pricing": 63, "hard": 53, "bondness": 54}, "label": "中性", "tags": ["股息率≥4%"], "text": {"像什么": ["PE 3.9 倍、股息率 7.9%、毛利率最新年报 62.6%、固定资产占比 33%、资产负债率 160%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 33%、毛利率 62.6% 两条都占,但所在行业(医疗设备和用品)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 53.0%(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 62.6%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 33%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 3.9 倍 粗算,约 0%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -59%,现价在 52 周高点的 38%;近 20 / 60 / 120 日 32% / 81% / -34%。", "行业对照": ["同富途行业「医疗设备和用品」51 家中位:PE 36.9 / 股息率 0.0% / 毛利率 53.5% / 固定资产占比 13% / 分红率 0%。", "Embecta:PE 比行业中位低 33.0倍;股息率 比行业中位高 7.9个百分点;毛利率 比行业中位高 9.1个百分点;固定资产占比 比行业中位高 19.6个百分点。"]}}