{"F": {"ts_code": "US.TTC", "name": "托罗配件", "mkt": "US", "ccy": "美元", "sw1": "工具及配件", "sw2": "工具及配件", "sw3": "", "ind": "工具及配件", "fin_source": "futu", "market": "NYSE", "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": 93.33, "pe_ttm": 24.954, "pb": 6.611, "dv_ttm": 1.66, "total_mv": 883493.306874, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [33.4], "rev_series": [45.1], "np_series": [3.2], "roe_series": [21.0], "rev_ttm": 45.1, "np_ttm": 3.6, "ocf_ttm": 7.9, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 8.9, "gm_median": 33.4, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 7.0, "roe_median": 21.0, "commodity": false, "hard_ratio": 24.5, "fix_assets": 8.6, "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": 5.8, "debt_ratio": 57.7, "debt_mv": null, "payout": 41.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -1.6, "np_yoy": -24.5, "np_vol": null, "loss_years": 0, "far_share": 80.0, "earn_yield": 4.0, "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": 19.6, "ret_20": -6.3, "ret_60": 2.7, "ret_120": -0.9, "ret_250": 16.8, "mdd_250": null, "vol_250": null, "pos_52w": 89.5, "eps": 3.17}, "S": {"duration": 46, "pricing": 49, "hard": 39, "bondness": 37}, "label": "中性", "tags": [], "text": {"像什么": ["PE 25.0 倍、股息率 1.7%、毛利率最新年报 33.4%、固定资产占比 24%、资产负债率 58%: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 33.4%),硬资产占比 24%。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 8.9%(futu 无资本开支,FCF 按经营现金流 × 0.7 近似)。覆盖高。"], ["能否每年提价而不掉量?", "毛利率最新年报 33.4%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 24%。有一些。"], ["估值里多少来自 5 年后的故事?", "按 PE 25.0 倍 粗算,约 80%(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 17%,现价在 52 周高点的 90%;近 20 / 60 / 120 日 -6% / 3% / -1%。", "行业对照": ["同富途行业「工具及配件」11 家中位:PE 24.4 / 股息率 1.1% / 毛利率 36.2% / 固定资产占比 16% / 分红率 32%。", "托罗配件:PE 比行业中位高 0.6倍;股息率 比行业中位高 0.6个百分点;毛利率 比行业中位低 2.8个百分点;固定资产占比 比行业中位高 8.3个百分点。"]}}