{"F": {"ts_code": "US.LPX", "name": "Louisiana-Pacific", "mkt": "US", "ccy": "美元", "sw1": "建筑产品与设备", "sw2": "建筑产品与设备", "sw3": "", "ind": "建筑产品与设备", "fin_source": "futu", "market": "NYSE", "list_date": null, "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": true, "growth": false}, "province": null, "main_business": "", "introduction": "", "close": 68.17, "pe_ttm": 88.532, "pb": 2.733, "dv_ttm": 1.7, "total_mv": 476667.88597, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [21.8], "rev_series": [27.1], "np_series": [1.5], "roe_series": [8.6], "rev_ttm": 27.1, "np_ttm": 0.5, "ocf_ttm": 2.6, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 5.4, "gm_median": 21.8, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 5.4, "roe_median": 8.6, "commodity": false, "hard_ratio": 68.7, "fix_assets": 17.8, "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": 3.5, "debt_ratio": 34.1, "debt_mv": null, "payout": 151.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -7.9, "np_yoy": -65.2, "np_vol": null, "loss_years": 0, "far_share": 94.0, "earn_yield": 1.1, "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": -14.6, "ret_20": -12.8, "ret_60": -4.6, "ret_120": -9.2, "ret_250": -30.3, "mdd_250": null, "vol_250": null, "pos_52w": 68.8, "eps": 2.08}, "S": {"duration": 89, "pricing": 43, "hard": 100, "bondness": 58}, "label": "中性", "tags": [], "text": {"像什么": ["PE 88.5 倍、股息率 1.7%、毛利率最新年报 21.8%、固定资产占比 69%、资产负债率 34%:四轴都不突出。"], "为什么(不)算钱的替代品": "只占硬资产一条(占比 69%),没有定价权:毛利率最新年报 21.8%。通胀来了成本转嫁不出去,利润跟不上通胀。这是陷阱不是保护。", "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 5.4%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。一般。"], ["能否每年提价而不掉量?", "毛利率最新年报 21.8%。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 69%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 88.5 倍 粗算,约 94%(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 -30%,现价在 52 周高点的 69%;近 20 / 60 / 120 日 -13% / -5% / -9%。", "行业对照": ["同富途行业「建筑产品与设备」37 家中位:PE 26.2 / 股息率 0.0% / 毛利率 31.6% / 固定资产占比 17% / 分红率 16%。", "Louisiana-Pacific:PE 比行业中位高 62.3倍;股息率 比行业中位高 1.7个百分点;毛利率 比行业中位低 9.8个百分点;固定资产占比 比行业中位高 51.6个百分点。"]}}