{"F": {"ts_code": "US.FND", "name": "Floor & Decor", "mkt": "US", "ccy": "美元", "sw1": "家居装修零售", "sw2": "家居装修零售", "sw3": "", "ind": "家居装修零售", "fin_source": "futu", "market": "NYSE", "list_date": "20170427", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 50.23, "pe_ttm": 23.471, "pb": 2.143, "dv_ttm": 0.0, "total_mv": 534899.094195, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [43.6], "rev_series": [46.8], "np_series": [2.1], "roe_series": [9.1], "rev_ttm": 46.8, "np_ttm": 2.3, "ocf_ttm": 5.1, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 9.4, "gm_median": 43.6, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 4.5, "roe_median": 9.1, "commodity": false, "hard_ratio": 38.2, "fix_assets": 20.1, "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": 5.2, "debt_ratio": 56.0, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 5.1, "np_yoy": 1.3, "np_vol": null, "loss_years": 0, "far_share": 79.0, "earn_yield": 4.3, "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": -17.5, "ret_20": -19.9, "ret_60": 1.8, "ret_120": -12.9, "ret_250": -42.7, "mdd_250": null, "vol_250": null, "pos_52w": 54.4, "eps": 1.92}, "S": {"duration": 44, "pricing": 54, "hard": 61, "bondness": 13}, "label": "中性", "tags": [], "text": {"像什么": ["PE 23.5 倍、股息率 0.0%、毛利率最新年报 43.6%、固定资产占比 38%、资产负债率 56%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 38%、毛利率 43.6% 两条都占,但所在行业(家居装修零售)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": "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 9.4%(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 43.6%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 38%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 23.5 倍 粗算,约 79%(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 -43%,现价在 52 周高点的 54%;近 20 / 60 / 120 日 -20% / 2% / -13%。", "行业对照": ["同富途行业「家居装修零售」6 家中位:PE 21.0 / 股息率 2.6% / 毛利率 38.5% / 固定资产占比 40% / 分红率 65%。", "Floor & Decor:PE 比行业中位高 2.5倍;股息率 比行业中位低 2.6个百分点;毛利率 比行业中位高 5.1个百分点;固定资产占比 比行业中位低 2.3个百分点。"]}}