{"F": {"ts_code": "US.FLS", "name": "福斯", "mkt": "US", "ccy": "美元", "sw1": "专用工业机械", "sw2": "专用工业机械", "sw3": "", "ind": "专用工业机械", "fin_source": "futu", "market": "NYSE", "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": 76.64, "pe_ttm": 26.703, "pb": 4.311, "dv_ttm": 1.12, "total_mv": 974192.3459200001, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [33.4], "rev_series": [47.3], "np_series": [3.7], "roe_series": [16.5], "rev_ttm": 47.3, "np_ttm": 3.7, "ocf_ttm": 4.9, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 5.0, "gm_median": 33.4, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 7.8, "roe_median": 16.5, "commodity": false, "hard_ratio": 16.9, "fix_assets": 9.5, "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": 7.0, "debt_ratio": 60.5, "debt_mv": null, "payout": 30.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 3.8, "np_yoy": 22.8, "np_vol": null, "loss_years": 0, "far_share": 81.0, "earn_yield": 3.7, "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": 11.1, "ret_20": -4.1, "ret_60": 5.5, "ret_120": 4.7, "ret_250": 39.5, "mdd_250": null, "vol_250": null, "pos_52w": 83.4, "eps": 2.64}, "S": {"duration": 49, "pricing": 49, "hard": 27, "bondness": 30}, "label": "成长兑现", "tags": [], "text": {"像什么": ["盈利在追估值:最新净利润同比 23%,PE TTM 26.7 倍,历史 PEG(PE ÷ 最新增速)1.17。", "经营现金流 4.9 亿(正),没有一致预期数据,风险在增速能否延续。"], "为什么(不)算钱的替代品": "只占定价权一条(毛利率 33.4%),硬资产占比 17%。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": "估值不靠远期故事,加息期比纯久期抗跌;风险在订单与增速,盯业绩不盯利率。", "四问": [["当前 FCF 能覆盖多少市值?", "经营现金流/市值 5.0%(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 33.4%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 17%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 26.7 倍 粗算,约 81%(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 40%,现价在 52 周高点的 83%;近 20 / 60 / 120 日 -4% / 6% / 5%。", "行业对照": ["同富途行业「专用工业机械」77 家中位:PE 31.6 / 股息率 0.0% / 毛利率 35.5% / 固定资产占比 13% / 分红率 20%。", "福斯:PE 比行业中位低 4.9倍;股息率 比行业中位高 1.1个百分点;毛利率 比行业中位低 2.1个百分点;固定资产占比 比行业中位高 4.3个百分点。"]}}