Overview Dividends

(ATAT) Atour Lifestyle Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: China • Currency: USD • Type: Common Stock • ISIN: US04965M1062

Hotel Management, Retail Services, Property Services, Software

Hotels, Resorts & Cruise Lines
Market Cap in USD: 5,905m
IPO / Inception: 2022-11-11
Return 12m vs S&P 500: 29.7%

Dividends

Dividend Yield 1.82%
Yield on Cost 5y 6.38%
Yield CAGR 5y 200.00%
Payout Consistency 100.0%
Payout Ratio 7.4%
Risk via 10d forecast
Volatility 41.2%
Value at Risk 5%th 64.1%
Relative Tail Risk -5.38%
Reward TTM
Sharpe Ratio 1.29
Alpha 58.54
CAGR/Max DD 0.86
Character TTM
Hurst Exponent 0.634
Beta 0.573
Beta Downside 1.010
Drawdowns 3y
Max DD 46.91%
Mean DD 21.58%
Median DD 23.10%

Description: ATAT Atour Lifestyle Holdings November 05, 2025

Atour Lifestyle Holdings Ltd. (NASDAQ: ATAT) is a Shanghai-based operator that builds and manages lifestyle-oriented hotel brands across China. Through its subsidiaries it delivers full-service hotel management, supplies, retail and property management, as well as ancillary services such as travel agency operations and technology platforms for franchisees.

Key industry metrics that currently shape Atour’s outlook include: (1) China’s domestic hotel occupancy, which the China Hospitality Association reported at ~71% in Q3 2024-a level above the pre-pandemic average of 68%; (2) average daily rate (ADR) growth of roughly 4% YoY in Tier-1 cities, reflecting rising consumer discretionary spending; and (3) the sector’s revenue per available room (RevPAR) expanding at a 5% CAGR since 2021, driven by strong intra-China travel and government incentives for tourism infrastructure. Assuming Atour can capture a modest share of this rebound, its top-line could grow 12-15% YoY if it adds 8–10 new managed properties by end-2025.

For a deeper, data-driven assessment of ATAT’s valuation and risk profile, you may want to explore the analytics platform ValueRay, which aggregates real-time financials, peer benchmarks, and scenario modeling to help quantify the trade-off between upside potential and downside risk.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (1.47b TTM) > 0 and > 6% of Revenue (6% = 546.2m TTM)
FCFTA 0.21 (>2.0%) and ΔFCFTA -1.71pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 40.24% (prev 37.51%; Δ 2.73pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.22 (>3.0%) and CFO 1.97b > Net Income 1.47b (YES >=105%, WARN >=100%)
Net Debt (-1.03b) to EBITDA (2.17b) ratio: -0.47 <= 3.0 (WARN <= 3.5)
Current Ratio 2.16 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (140.1m) change vs 12m ago 0.91% (target <= -2.0% for YES)
Gross Margin 43.86% (prev 47.45%; Δ -3.59pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 112.7% (prev 92.51%; Δ 20.14pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 812.4 (EBITDA TTM 2.17b / Interest Expense TTM 2.60m) >= 6 (WARN >= 3)

Altman Z'' 5.60

(A) 0.41 = (Total Current Assets 6.83b - Total Current Liabilities 3.17b) / Total Assets 8.95b
(B) 0.23 = Retained Earnings (Balance) 2.07b / Total Assets 8.95b
(C) 0.26 = EBIT TTM 2.11b / Avg Total Assets 8.08b
(D) 0.39 = Book Value of Equity 2.04b / Total Liabilities 5.26b
Total Rating: 5.60 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 89.07

1. Piotroski 6.0pt
2. FCF Yield 5.04%
3. FCF Margin 20.85%
4. Debt/Equity 0.44
5. Debt/Ebitda -0.47
6. ROIC - WACC (= 36.07)%
7. RoE 44.50%
8. Rev. Trend 96.32%
9. EPS Trend 64.11%

What is the price of ATAT shares?

As of December 08, 2025, the stock is trading at USD 42.89 with a total of 1,040,739 shares traded.
Over the past week, the price has changed by +6.99%, over one month by +10.20%, over three months by +8.06% and over the past year by +48.87%.

Is ATAT a buy, sell or hold?

Atour Lifestyle Holdings has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy ATAT.
  • Strong Buy: 12
  • Buy: 3
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the ATAT price?

Issuer Target Up/Down from current
Wallstreet Target Price 47 9.7%
Analysts Target Price 47 9.7%
ValueRay Target Price 54.8 27.7%

ATAT Fundamental Data Overview December 06, 2025

Market Cap CNY = 41.74b (5.90b USD * 7.0696 USD.CNY)
P/E Trailing = 28.6779
P/E Forward = 20.0401
P/S = 0.6498
P/B = 11.3347
Beta = 0.805
Revenue TTM = 9.10b CNY
EBIT TTM = 2.11b CNY
EBITDA TTM = 2.17b CNY
Long Term Debt = 2.00m CNY (from longTermDebt, last quarter)
Short Term Debt = 348.0m CNY (from shortTermDebt, last quarter)
Debt = 1.64b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.03b CNY (from netDebt column, last quarter)
Enterprise Value = 37.65b CNY (41.74b + Debt 1.64b - CCE 5.74b)
Interest Coverage Ratio = 812.4 (Ebit TTM 2.11b / Interest Expense TTM 2.60m)
FCF Yield = 5.04% (FCF TTM 1.90b / Enterprise Value 37.65b)
FCF Margin = 20.85% (FCF TTM 1.90b / Revenue TTM 9.10b)
Net Margin = 16.19% (Net Income TTM 1.47b / Revenue TTM 9.10b)
Gross Margin = 43.86% ((Revenue TTM 9.10b - Cost of Revenue TTM 5.11b) / Revenue TTM)
Gross Margin QoQ = 43.32% (prev 45.30%)
Tobins Q-Ratio = 4.21 (Enterprise Value 37.65b / Total Assets 8.95b)
Interest Expense / Debt = 0.03% (Interest Expense 477.0k / Debt 1.64b)
Taxrate = 29.79% (201.6m / 676.7m)
NOPAT = 1.48b (EBIT 2.11b * (1 - 29.79%))
Current Ratio = 2.16 (Total Current Assets 6.83b / Total Current Liabilities 3.17b)
Debt / Equity = 0.44 (Debt 1.64b / totalStockholderEquity, last quarter 3.70b)
Debt / EBITDA = -0.47 (Net Debt -1.03b / EBITDA 2.17b)
Debt / FCF = -0.54 (Net Debt -1.03b / FCF TTM 1.90b)
Total Stockholder Equity = 3.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.46% (Net Income 1.47b / Total Assets 8.95b)
RoE = 44.50% (Net Income TTM 1.47b / Total Stockholder Equity 3.31b)
RoCE = 63.73% (EBIT 2.11b / Capital Employed (Equity 3.31b + L.T.Debt 2.00m))
RoIC = 43.88% (NOPAT 1.48b / Invested Capital 3.38b)
WACC = 7.81% (E(41.74b)/V(43.39b) * Re(8.12%) + D(1.64b)/V(43.39b) * Rd(0.03%) * (1-Tc(0.30)))
Discount Rate = 8.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.51%
[DCF Debug] Terminal Value 81.20% ; FCFE base≈1.80b ; Y1≈2.22b ; Y5≈3.79b
Fair Price DCF = 558.8 (DCF Value 63.50b / Shares Outstanding 113.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 64.11 | EPS CAGR: 107.2% | SUE: 2.88 | # QB: 1
Revenue Correlation: 96.32 | Revenue CAGR: 49.77% | SUE: 0.13 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.10 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=14.90 | Chg30d=+0.283 | Revisions Net=+6 | Growth EPS=+24.6% | Growth Revenue=+22.6%

Additional Sources for ATAT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle