{"F": {"ts_code": "US.IHS", "name": "IHS Holding", "mkt": "US", "ccy": "美元", "sw1": "房地产服务", "sw2": "房地产服务", "sw3": "", "ind": "房地产服务", "fin_source": "futu", "market": "NYSE", "list_date": "20211014", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 8.47, "pe_ttm": 20.658, "pb": -15.772, "dv_ttm": 0.0, "total_mv": 286574.601698, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [55.4], "rev_series": [15.8], "np_series": [1.3], "roe_series": [0.0], "rev_ttm": 15.8, "np_ttm": 1.4, "ocf_ttm": 8.8, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 30.6, "gm_median": 55.4, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 8.0, "roe_median": 0.0, "commodity": false, "hard_ratio": 33.7, "fix_assets": 14.7, "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": 13.9, "debt_ratio": 102.0, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 3.6, "np_yoy": 107.7, "np_vol": null, "loss_years": 0, "far_share": 76.0, "earn_yield": 4.8, "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": 13.5, "ret_20": 1.4, "ret_60": 2.0, "ret_120": 4.6, "ret_250": 14.8, "mdd_250": null, "vol_250": null, "pos_52w": 94.6, "eps": 0.42}, "S": {"duration": 40, "pricing": 60, "hard": 54, "bondness": 13}, "label": "成长兑现", "tags": [], "text": {"像什么": ["盈利在追估值:最新净利润同比 108%,PE TTM 20.7 倍,历史 PEG(PE ÷ 最新增速)0.19。", "经营现金流 8.8 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": "硬资产占比 34%、毛利率 55.4% 两条都占,但所在行业(房地产服务)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": "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 30.6%(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 55.4%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 34%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 20.7 倍 粗算,约 76%(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 15%,现价在 52 周高点的 95%;近 20 / 60 / 120 日 1% / 2% / 5%。", "行业对照": ["同富途行业「房地产服务」46 家中位:PE 20.7 / 股息率 0.0% / 毛利率 30.3% / 固定资产占比 7% / 分红率 0%。", "IHS Holding:PE 与行业中位持平;股息率 与行业中位持平;毛利率 比行业中位高 25.1个百分点;固定资产占比 比行业中位高 26.5个百分点。"]}}