{"F": {"ts_code": "US.RERE", "name": "爱回收", "mkt": "US", "ccy": "美元", "sw1": "互联网零售", "sw2": "互联网零售", "sw3": "", "ind": "互联网零售", "fin_source": "futu", "market": "NYSE", "list_date": "20210618", "is_fin": false, "roles": {"fin": false, "commodity": false, "precious": false, "regulated": false, "hard": false, "growth": true}, "province": null, "main_business": "", "introduction": "", "close": 4.18, "pe_ttm": 14.026, "pb": 1.515, "dv_ttm": 2.44, "total_mv": 91657.350862, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [20.7], "rev_series": [30.1], "np_series": [0.5], "roe_series": [8.8], "rev_ttm": 30.1, "np_ttm": 0.7, "ocf_ttm": -0.6, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": -6.5, "gm_median": 20.7, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 1.6, "roe_median": 8.8, "commodity": false, "hard_ratio": 5.5, "fix_assets": 0.4, "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": 0.8, "debt_ratio": 33.1, "debt_mv": null, "payout": 34.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 34.5, "np_yoy": 4363.8, "np_vol": null, "loss_years": 0, "far_share": 64.0, "earn_yield": 7.1, "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": -19.3, "ret_20": -8.1, "ret_60": 4.8, "ret_120": -25.0, "ret_250": -0.3, "mdd_250": null, "vol_250": null, "pos_52w": 66.1, "eps": 0.205}, "S": {"duration": 30, "pricing": 42, "hard": 9, "bondness": 40}, "label": "中性", "tags": [], "text": {"像什么": ["PE 14.0 倍、股息率 2.4%、毛利率最新年报 20.7%、固定资产占比 6%、资产负债率 33%: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 6%,毛利率最新年报 20.7%。", "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 -6.5%(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 20.7%。取决于竞争。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 6%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 14.0 倍 粗算,约 64%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -0%,现价在 52 周高点的 66%;近 20 / 60 / 120 日 -8% / 5% / -25%。", "行业对照": ["同富途行业「互联网零售」40 家中位:PE 30.9 / 股息率 0.0% / 毛利率 44.1% / 固定资产占比 9% / 分红率 0%。", "爱回收:PE 比行业中位低 16.9倍;股息率 比行业中位高 2.4个百分点;毛利率 比行业中位低 23.4个百分点;固定资产占比 比行业中位低 3.6个百分点。"]}}