{"F": {"ts_code": "US.TEX", "name": "特雷克斯", "mkt": "US", "ccy": "美元", "sw1": "农业和重型机械", "sw2": "农业和重型机械", "sw3": "", "ind": "农业和重型机械", "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": 63.23, "pe_ttm": 29.685, "pb": 1.467, "dv_ttm": 1.08, "total_mv": 722718.9, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [19.4], "rev_series": [54.2], "np_series": [2.2], "roe_series": [11.3], "rev_ttm": 54.2, "np_ttm": 1.5, "ocf_ttm": 4.6, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 6.3, "gm_median": 19.4, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 4.1, "roe_median": 11.3, "commodity": false, "hard_ratio": 10.4, "fix_assets": 6.1, "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": 65.9, "debt_mv": null, "payout": 32.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 5.7, "np_yoy": -34.0, "np_vol": null, "loss_years": 0, "far_share": 83.0, "earn_yield": 3.4, "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": 19.4, "ret_20": -6.4, "ret_60": 6.5, "ret_120": 7.1, "ret_250": 21.4, "mdd_250": null, "vol_250": null, "pos_52w": 84.9, "eps": 3.33}, "S": {"duration": 52, "pricing": 42, "hard": 17, "bondness": 31}, "label": "中性", "tags": [], "text": {"像什么": ["PE 29.7 倍、股息率 1.1%、毛利率最新年报 19.4%、固定资产占比 10%、资产负债率 66%: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 10%,毛利率最新年报 19.4%。", "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 6.3%(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 19.4%。不能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 10%。没有资产可言。"], ["估值里多少来自 5 年后的故事?", "按 PE 29.7 倍 粗算,约 83%(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 21%,现价在 52 周高点的 85%;近 20 / 60 / 120 日 -6% / 6% / 7%。", "行业对照": ["同富途行业「农业和重型机械」26 家中位:PE 26.3 / 股息率 0.7% / 毛利率 20.5% / 固定资产占比 16% / 分红率 26%。", "特雷克斯:PE 比行业中位高 3.4倍;股息率 比行业中位高 0.4个百分点;毛利率 比行业中位低 1.1个百分点;固定资产占比 比行业中位低 5.9个百分点。"]}}