{"F": {"ts_code": "US.ROK", "name": "罗克韦尔自动化", "mkt": "US", "ccy": "美元", "sw1": "专用工业机械", "sw2": "专用工业机械", "sw3": "", "ind": "专用工业机械", "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": 433.81, "pe_ttm": 40.618, "pb": 13.787, "dv_ttm": 1.26, "total_mv": 4817402.6135559995, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [48.1], "rev_series": [83.4], "np_series": [7.5], "roe_series": [24.2], "rev_ttm": 83.4, "np_ttm": 12.0, "ocf_ttm": 17.3, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 3.6, "gm_median": 48.1, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 9.0, "roe_median": 24.2, "commodity": false, "hard_ratio": 13.9, "fix_assets": 15.6, "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": 14.0, "debt_ratio": 66.9, "debt_mv": null, "payout": 51.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 0.9, "np_yoy": -21.0, "np_vol": null, "loss_years": 0, "far_share": 88.0, "earn_yield": 2.5, "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": 12.6, "ret_20": -1.3, "ret_60": -1.1, "ret_120": 19.9, "ret_250": 27.5, "mdd_250": null, "vol_250": null, "pos_52w": 87.5, "eps": 7.67}, "S": {"duration": 64, "pricing": 56, "hard": 22, "bondness": 38}, "label": "中性", "tags": [], "text": {"像什么": ["PE 40.6 倍、股息率 1.3%、毛利率最新年报 48.1%、固定资产占比 14%、资产负债率 67%:四轴都不突出。"], "为什么(不)算钱的替代品": "只占定价权一条(毛利率 48.1%),硬资产占比 14%。分子能跟上通胀,但没有重置成本对冲;按'定价权·品牌'看,不按硬资产看。", "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 3.6%(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 48.1%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 14%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 40.6 倍 粗算,约 88%(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 28%,现价在 52 周高点的 88%;近 20 / 60 / 120 日 -1% / -1% / 20%。", "行业对照": ["同富途行业「专用工业机械」77 家中位:PE 31.6 / 股息率 0.0% / 毛利率 35.5% / 固定资产占比 13% / 分红率 20%。", "罗克韦尔自动化:PE 比行业中位高 9.0倍;股息率 比行业中位高 1.3个百分点;毛利率 比行业中位高 12.6个百分点;固定资产占比 比行业中位高 1.3个百分点。"]}}