{"F": {"ts_code": "US.POOL", "name": "Pool Corp", "mkt": "US", "ccy": "美元", "sw1": "工业分销", "sw2": "工业分销", "sw3": "", "ind": "工业分销", "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": 185.22, "pe_ttm": 17.008, "pb": 5.342, "dv_ttm": 2.73, "total_mv": 673103.3159340001, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [29.7], "rev_series": [52.9], "np_series": [4.1], "roe_series": [32.9], "rev_ttm": 52.9, "np_ttm": 4.0, "ocf_ttm": 3.7, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 5.4, "gm_median": 29.7, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 7.7, "roe_median": 32.9, "commodity": false, "hard_ratio": 12.1, "fix_assets": 4.2, "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": 6.3, "debt_ratio": 67.3, "debt_mv": null, "payout": 46.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -0.4, "np_yoy": -6.4, "np_vol": null, "loss_years": 0, "far_share": 71.0, "earn_yield": 5.9, "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": -17.4, "ret_20": -9.6, "ret_60": -1.8, "ret_120": -10.0, "ret_250": -43.1, "mdd_250": null, "vol_250": null, "pos_52w": 56.5, "eps": 10.85}, "S": {"duration": 35, "pricing": 47, "hard": 19, "bondness": 45}, "label": "中性", "tags": [], "text": {"像什么": ["PE 17.0 倍、股息率 2.7%、毛利率最新年报 29.7%、固定资产占比 12%、资产负债率 67%:四轴都不突出。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 12%,毛利率最新年报 29.7%。", "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 29.7%。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 12%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 17.0 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 -43%,现价在 52 周高点的 56%;近 20 / 60 / 120 日 -10% / -2% / -10%。", "行业对照": ["同富途行业「工业分销」25 家中位:PE 27.6 / 股息率 0.0% / 毛利率 29.4% / 固定资产占比 11% / 分红率 18%。", "Pool Corp:PE 比行业中位低 10.6倍;股息率 比行业中位高 2.7个百分点;毛利率 比行业中位高 0.3个百分点;固定资产占比 比行业中位高 1.0个百分点。"]}}