{"F": {"ts_code": "US.ITRG", "name": "Integra Resources", "mkt": "US", "ccy": "美元", "sw1": "其他贵金属和采矿", "sw2": "其他贵金属和采矿", "sw3": "", "ind": "其他贵金属和采矿", "fin_source": "futu", "market": "AMEX", "list_date": null, "is_fin": false, "roles": {"fin": false, "commodity": true, "precious": true, "regulated": false, "hard": true, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 2.8, "pe_ttm": 56.0, "pb": 2.092, "dv_ttm": 0.0, "total_mv": 56804.4596, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [38.8], "rev_series": [2.4], "np_series": [-0.0], "roe_series": [-1.4], "rev_ttm": 2.4, "np_ttm": 0.1, "ocf_ttm": 0.8, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 13.5, "gm_median": 38.8, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": -0.9, "roe_median": -1.4, "commodity": true, "hard_ratio": 26.9, "fix_assets": 0.7, "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": 0.4, "debt_ratio": 40.5, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 703.7, "np_yoy": 76.4, "np_vol": null, "loss_years": 0, "far_share": 91.0, "earn_yield": 1.8, "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": -30.2, "ret_20": 8.9, "ret_60": 23.3, "ret_120": -14.1, "ret_250": 8.1, "mdd_250": null, "vol_250": null, "pos_52w": 57.5, "eps": -0.01}, "S": {"duration": 75, "pricing": 70, "hard": 43, "bondness": 13}, "label": "成长兑现", "tags": ["商品定价"], "text": {"像什么": ["盈利在追估值:最新净利润同比 76%,PE TTM 56.0 倍,历史 PEG(PE ÷ 最新增速)0.73。", "经营现金流 0.8 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": "只占定价权一条(毛利率 38.8%),硬资产占比 27%。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。 注意:金矿股不等于黄金,有运营杠杆和自身成本通胀,对冲美元信用直接买黄金 ETF 更纯。", "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 13.5%(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 38.8%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 27%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 56.0 倍 粗算,约 91%(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 8%,现价在 52 周高点的 58%;近 20 / 60 / 120 日 9% / 23% / -14%。", "行业对照": ["同富途行业「其他贵金属和采矿」17 家中位:PE 17.0 / 股息率 0.0% / 毛利率 43.7% / 固定资产占比 44% / 分红率 3%。", "Integra Resources:PE 比行业中位高 39.0倍;股息率 与行业中位持平;毛利率 比行业中位低 4.9个百分点;固定资产占比 比行业中位低 17.0个百分点。"]}}