{"F": {"ts_code": "US.HCA", "name": "HCA医疗", "mkt": "US", "ccy": "美元", "sw1": "医疗保健设施", "sw2": "医疗保健设施", "sw3": "", "ind": "医疗保健设施", "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": 405.0, "pe_ttm": 13.581, "pb": -13.201, "dv_ttm": 0.74, "total_mv": 8768310.75, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [41.5], "rev_series": [756.0], "np_series": [77.8], "roe_series": [0.0], "rev_ttm": 756.0, "np_ttm": 68.4, "ocf_ttm": 111.2, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 12.7, "gm_median": 41.5, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 10.3, "roe_median": 0.0, "commodity": false, "hard_ratio": 55.3, "fix_assets": 332.6, "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": 156.0, "debt_ratio": 104.6, "debt_mv": null, "payout": 10.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 7.1, "np_yoy": 16.9, "np_vol": null, "loss_years": 0, "far_share": 63.0, "earn_yield": 7.4, "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": -12.9, "ret_20": -2.0, "ret_60": 8.7, "ret_120": -22.6, "ret_250": -2.5, "mdd_250": null, "vol_250": null, "pos_52w": 73.0, "eps": 28.33}, "S": {"duration": 29, "pricing": 53, "hard": 88, "bondness": 21}, "label": "中性", "tags": [], "text": {"像什么": ["PE 13.6 倍、股息率 0.7%、毛利率最新年报 41.5%、固定资产占比 55%、资产负债率 105%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 55%、毛利率 41.5% 两条都占,但所在行业(医疗保健设施)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 12.7%(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 41.5%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 55%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 13.6 倍 粗算,约 63%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -2%,现价在 52 周高点的 73%;近 20 / 60 / 120 日 -2% / 9% / -23%。", "行业对照": ["同富途行业「医疗保健设施」48 家中位:PE 19.1 / 股息率 0.0% / 毛利率 31.5% / 固定资产占比 22% / 分红率 0%。", "HCA医疗:PE 比行业中位低 5.5倍;股息率 比行业中位高 0.7个百分点;毛利率 比行业中位高 10.0个百分点;固定资产占比 比行业中位高 33.6个百分点。"]}}