{"F": {"ts_code": "US.WLFC", "name": "威利斯金融租赁", "mkt": "US", "ccy": "美元", "sw1": "租赁服务", "sw2": "租赁服务", "sw3": "", "ind": "租赁服务", "fin_source": "futu", "market": "NASDAQ", "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": 56.22, "pe_ttm": 14.161, "pb": 1.677, "dv_ttm": 0.86, "total_mv": 118872.19204200001, "trade_date": "20260904", "years": ["最近年报"], "multi_year": false, "period": "最近年报", "gm_series": [68.3], "rev_series": [7.3], "np_series": [1.1], "roe_series": [17.8], "rev_ttm": 7.3, "np_ttm": 0.9, "ocf_ttm": 2.7, "fcf_ttm": null, "fcf_yield": null, "ocf_yield": 22.9, "gm_median": 68.3, "gm_std": null, "gm_stab": null, "gm_chg_2022": null, "npm_median": 15.6, "roe_median": 17.8, "commodity": false, "hard_ratio": 47.4, "fix_assets": 17.2, "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": 4.1, "debt_ratio": 83.2, "debt_mv": null, "payout": 12.0, "div_years": 1, "rev_cagr3": null, "np_cagr3": null, "rev_yoy": 28.3, "np_yoy": 4.7, "np_vol": null, "loss_years": 0, "far_share": 65.0, "earn_yield": 7.1, "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": 25.1, "ret_20": -7.7, "ret_60": -6.7, "ret_120": 1.3, "ret_250": 13.8, "mdd_250": null, "vol_250": null, "pos_52w": 69.1, "eps": 5.13}, "S": {"duration": 30, "pricing": 66, "hard": 76, "bondness": 22}, "label": "中性", "tags": [], "text": {"像什么": ["PE 14.2 倍、股息率 0.9%、毛利率最新年报 68.3%、固定资产占比 47%、资产负债率 83%:四轴都不突出。"], "为什么(不)算钱的替代品": "硬资产占比 47%、毛利率 68.3% 两条都占,但所在行业(租赁服务)不在硬资产名单里(医药/科技的固定资产是产能不是储量),按主标签看。", "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 22.9%(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 68.3%。能。"], ["资产重置成本随通胀涨吗?", "固定资产占总资产 47%。涨。"], ["估值里多少来自 5 年后的故事?", "按 PE 14.2 倍 粗算,约 65%(1 − 5/PE)。中等。"]], "价格行为": "近一年 14%,现价在 52 周高点的 69%;近 20 / 60 / 120 日 -8% / -7% / 1%。", "行业对照": ["同富途行业「租赁服务」20 家中位:PE 20.7 / 股息率 0.2% / 毛利率 38.5% / 固定资产占比 46% / 分红率 14%。", "威利斯金融租赁:PE 比行业中位低 6.5倍;股息率 比行业中位高 0.7个百分点;毛利率 比行业中位高 29.8个百分点;固定资产占比 比行业中位高 1.2个百分点。"]}}