{"F": {"ts_code": "US.MCRI", "name": "Monarch Casino & Resort", "mkt": "US", "ccy": "美元", "sw1": "度假村与赌场", "sw2": "度假村与赌场", "sw3": "", "ind": "度假村与赌场", "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": 121.52, "pe_ttm": 19.505, "pb": 3.776, "dv_ttm": 0.99, "total_mv": 217794.475192, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [55.0], "rev_series": [5.5], "np_series": [1.0], "roe_series": [19.2], "rev_ttm": 5.5, "np_ttm": 1.1, "ocf_ttm": 1.7, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 8.0, "gm_median": 55.0, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 18.6, "roe_median": 19.2, "commodity": false, "hard_ratio": 67.3, "fix_assets": 4.7, "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": 1.8, "debt_ratio": 24.6, "debt_mv": null, "payout": 19.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 4.4, "np_yoy": 39.3, "np_vol": null, "loss_years": 0, "far_share": 74.0, "earn_yield": 5.1, "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": 28.0, "ret_20": -2.1, "ret_60": -4.2, "ret_120": 24.1, "ret_250": 20.4, "mdd_250": null, "vol_250": null, "pos_52w": 89.6, "eps": 5.43}, "S": {"duration": 39, "pricing": 60, "hard": 100, "bondness": 26}, "label": "成长兑现", "tags": [], "text": {"像什么": ["盈利在追估值:最新净利润同比 39%,PE TTM 19.5 倍,历史 PEG(PE ÷ 最新增速)0.50。", "经营现金流 1.7 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": "硬资产占比 67%、毛利率 55.0% 两条都占,但所在行业(度假村与赌场)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": "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 8.0%(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 55.0%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 67%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 19.5 倍 粗算,约 74%(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 20%,现价在 52 周高点的 90%;近 20 / 60 / 120 日 -2% / -4% / 24%。", "行业对照": ["同富途行业「度假村与赌场」17 家中位:PE 20.2 / 股息率 0.0% / 毛利率 49.6% / 固定资产占比 49% / 分红率 22%。", "Monarch Casino & Resort:PE 比行业中位低 0.7倍;股息率 比行业中位高 1.0个百分点;毛利率 比行业中位高 5.4个百分点;固定资产占比 比行业中位高 18.2个百分点。"]}}