{"F": {"ts_code": "US.KE", "name": "Kimball Electronics", "mkt": "US", "ccy": "美元", "sw1": "电气设备及零件", "sw2": "电气设备及零件", "sw3": "", "ind": "电气设备及零件", "fin_source": "futu", "market": "NASDAQ", "list_date": "20141020", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 25.03, "pe_ttm": 22.15, "pb": 1.025, "dv_ttm": 0.0, "total_mv": 59989.388485, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [8.2], "rev_series": [14.3], "np_series": [0.3], "roe_series": [4.8], "rev_ttm": 14.3, "np_ttm": 0.3, "ocf_ttm": 0.7, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 12.0, "gm_median": 8.2, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 2.0, "roe_median": 4.8, "commodity": false, "hard_ratio": 28.3, "fix_assets": 3.1, "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": 1.0, "debt_ratio": 46.4, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -3.7, "np_yoy": 64.6, "np_vol": null, "loss_years": 0, "far_share": 77.0, "earn_yield": 4.5, "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": -10.0, "ret_20": -4.2, "ret_60": 0.9, "ret_120": 7.6, "ret_250": -18.0, "mdd_250": null, "vol_250": null, "pos_52w": 75.4, "eps": 1.13}, "S": {"duration": 43, "pricing": 36, "hard": 45, "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 65%,PE TTM 22.1 倍,历史 PEG(PE ÷ 最新增速)0.34。", "经营现金流 0.7 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": "两条都不占:固定资产占比 28%,毛利率最新年报 8.2%。", "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 12.0%(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 8.2%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 28%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 22.1 倍 粗算,约 77%(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 -18%,现价在 52 周高点的 75%;近 20 / 60 / 120 日 -4% / 1% / 8%。", "行业对照": ["同富途行业「电气设备及零件」54 家中位:PE 31.0 / 股息率 0.0% / 毛利率 25.4% / 固定资产占比 16% / 分红率 5%。", "Kimball Electronics:PE 比行业中位低 8.9倍;股息率 与行业中位持平;毛利率 比行业中位低 17.2个百分点;固定资产占比 比行业中位高 12.6个百分点。"]}}