{"F": {"ts_code": "US.TGLS", "name": "Tecnoglass Holdings", "mkt": "US", "ccy": "美元", "sw1": "建筑材料", "sw2": "建筑材料", "sw3": "", "ind": "建筑材料", "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": 40.84, "pe_ttm": 14.329, "pb": 2.297, "dv_ttm": 1.47, "total_mv": 181185.091744, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [42.8], "rev_series": [9.8], "np_series": [1.6], "roe_series": [23.7], "rev_ttm": 9.8, "np_ttm": 1.3, "ocf_ttm": 0.8, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 4.5, "gm_median": 42.8, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 16.2, "roe_median": 23.7, "commodity": false, "hard_ratio": 25.7, "fix_assets": 2.9, "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": 2.8, "debt_ratio": 43.4, "debt_mv": null, "payout": 21.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 10.5, "np_yoy": -1.1, "np_vol": null, "loss_years": 0, "far_share": 65.0, "earn_yield": 7.0, "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": -18.3, "ret_20": -7.5, "ret_60": -2.7, "ret_120": -6.3, "ret_250": -42.5, "mdd_250": null, "vol_250": null, "pos_52w": 55.9, "eps": 3.42}, "S": {"duration": 30, "pricing": 53, "hard": 41, "bondness": 29}, "label": "中性", "tags": [], "text": {"像什么": ["PE 14.3 倍、股息率 1.5%、毛利率最新年报 42.8%、固定资产占比 26%、资产负债率 43%: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 42.8%),硬资产占比 26%。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 4.5%(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 42.8%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 26%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 14.3 倍 粗算,约 65%(1 − 5/PE)。中等。"]], "价格行为": "近一年 -42%,现价在 52 周高点的 56%;近 20 / 60 / 120 日 -8% / -3% / -6%。", "行业对照": ["同富途行业「建筑材料」17 家中位:PE 19.6 / 股息率 0.2% / 毛利率 29.5% / 固定资产占比 42% / 分红率 8%。", "Tecnoglass Holdings:PE 比行业中位低 5.3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 13.3个百分点;固定资产占比 比行业中位低 16.5个百分点。"]}}