{"F": {"ts_code": "US.WGO", "name": "温尼巴格实业", "mkt": "US", "ccy": "美元", "sw1": "休闲车", "sw2": "休闲车", "sw3": "", "ind": "休闲车", "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": 31.03, "pe_ttm": 22.816, "pb": 0.71, "dv_ttm": 4.48, "total_mv": 87718.374979, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [13.0], "rev_series": [28.0], "np_series": [0.3], "roe_series": [2.1], "rev_ttm": 28.0, "np_ttm": 0.4, "ocf_ttm": 2.1, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 23.7, "gm_median": 13.0, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 0.9, "roe_median": 2.1, "commodity": false, "hard_ratio": 13.7, "fix_assets": 3.1, "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": 1.2, "debt_ratio": 43.2, "debt_mv": null, "payout": 102.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": -5.9, "np_yoy": 97.7, "np_vol": null, "loss_years": 0, "far_share": 78.0, "earn_yield": 4.4, "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": -21.1, "ret_20": -3.5, "ret_60": 12.5, "ret_120": -6.7, "ret_250": -11.2, "mdd_250": null, "vol_250": null, "pos_52w": 63.3, "eps": 0.91}, "S": {"duration": 43, "pricing": 38, "hard": 22, "bondness": 75}, "label": "成长兑现", "tags": ["现金流红利", "股息率≥4%"], "text": {"像什么": ["盈利在追估值:最新净利润同比 98%,PE TTM 22.8 倍,历史 PEG(PE ÷ 最新增速)0.23。", "经营现金流 2.1 亿(正),没有一致预期数据,风险在增速能否延续。"], "为什么(不)算钱的替代品": "两条都不占:固定资产占比 14%,毛利率最新年报 13.0%。", "加息期怎么走": "估值不靠远期故事,加息期比纯久期抗跌;风险在订单与增速,盯业绩不盯利率。", "四问": [["当前 FCF 能覆盖多少市值?", "经营现金流/市值 23.7%(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 13.0%。不能。"], ["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 22.8 倍 粗算,约 78%(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 -11%,现价在 52 周高点的 63%;近 20 / 60 / 120 日 -4% / 12% / -7%。", "行业对照": ["同富途行业「休闲车」17 家中位:PE 17.7 / 股息率 0.0% / 毛利率 20.0% / 固定资产占比 16% / 分红率 42%。", "温尼巴格实业:PE 比行业中位高 5.1倍;股息率 比行业中位高 4.5个百分点;毛利率 比行业中位低 7.0个百分点;固定资产占比 比行业中位低 2.4个百分点。"]}}