{"F": {"ts_code": "US.LOW", "name": "劳氏", "mkt": "US", "ccy": "美元", "sw1": "家居装修零售", "sw2": "家居装修零售", "sw3": "", "ind": "家居装修零售", "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": 204.45, "pe_ttm": 17.282, "pb": -15.424, "dv_ttm": 2.37, "total_mv": 11470749.418455001, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [33.5], "rev_series": [862.9], "np_series": [66.5], "roe_series": [0.0], "rev_ttm": 862.9, "np_ttm": 66.2, "ocf_ttm": 92.6, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 8.1, "gm_median": 33.5, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 7.7, "roe_median": 0.0, "commodity": false, "hard_ratio": 42.8, "fix_assets": 208.1, "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": 124.7, "debt_ratio": 118.3, "debt_mv": null, "payout": 41.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 3.1, "np_yoy": -4.4, "np_vol": null, "loss_years": 0, "far_share": 71.0, "earn_yield": 5.8, "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": -13.9, "ret_20": -8.5, "ret_60": -4.8, "ret_120": -14.6, "ret_250": -23.6, "mdd_250": null, "vol_250": null, "pos_52w": 70.5, "eps": 11.85}, "S": {"duration": 35, "pricing": 49, "hard": 68, "bondness": 42}, "label": "中性", "tags": [], "text": {"像什么": ["PE 17.3 倍、股息率 2.4%、毛利率最新年报 33.5%、固定资产占比 43%、资产负债率 118%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 43%、毛利率 33.5% 两条都占,但所在行业(家居装修零售)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 8.1%(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 33.5%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 43%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 17.3 倍 粗算,约 71%(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 -24%,现价在 52 周高点的 70%;近 20 / 60 / 120 日 -8% / -5% / -15%。", "行业对照": ["同富途行业「家居装修零售」6 家中位:PE 21.0 / 股息率 2.6% / 毛利率 38.5% / 固定资产占比 40% / 分红率 65%。", "劳氏:PE 比行业中位低 3.7倍;股息率 比行业中位低 0.2个百分点;毛利率 比行业中位低 5.0个百分点;固定资产占比 比行业中位高 2.3个百分点。"]}}