{"F": {"ts_code": "US.LE", "name": "Lands'End", "mkt": "US", "ccy": "美元", "sw1": "服装零售", "sw2": "服装零售", "sw3": "", "ind": "服装零售", "fin_source": "futu", "market": "NASDAQ", "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": 10.94, "pe_ttm": 0.948, "pb": 0.655, "dv_ttm": 0.0, "total_mv": 32321.304475999998, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [48.7], "rev_series": [13.4], "np_series": [0.1], "roe_series": [2.3], "rev_ttm": 13.4, "np_ttm": 3.5, "ocf_ttm": -0.4, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": -11.6, "gm_median": 48.7, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 0.4, "roe_median": 2.3, "commodity": false, "hard_ratio": 33.7, "fix_assets": 2.6, "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": 0.7, "debt_ratio": 67.5, "debt_mv": null, "payout": 0.0, "div_years": 0, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -2.0, "np_yoy": -11.6, "np_vol": null, "loss_years": 0, "far_share": 0.0, "earn_yield": 105.5, "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": -24.7, "ret_20": -16.6, "ret_60": -11.4, "ret_120": -19.2, "ret_250": -24.4, "mdd_250": null, "vol_250": null, "pos_52w": 54.6, "eps": 0.18}, "S": {"duration": 2, "pricing": 56, "hard": 54, "bondness": 13}, "label": "中性", "tags": [], "text": {"像什么": ["PE 0.9 倍、股息率 0.0%、毛利率最新年报 48.7%、固定资产占比 34%、资产负债率 68%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 34%、毛利率 48.7% 两条都占,但所在行业(服装零售)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 -11.6%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。极低或为负。"], ["能否每年提价而不掉量?", "毛利率最新年报 48.7%。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 0.9 倍 粗算,约 0%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -24%,现价在 52 周高点的 55%;近 20 / 60 / 120 日 -17% / -11% / -19%。", "行业对照": ["同富途行业「服装零售」34 家中位:PE 13.8 / 股息率 0.0% / 毛利率 40.2% / 固定资产占比 41% / 分红率 0%。", "Lands'End:PE 比行业中位低 12.9倍;股息率 与行业中位持平;毛利率 比行业中位高 8.5个百分点;固定资产占比 比行业中位低 7.5个百分点。"]}}