ATAT Stock Analysis: Atour Lifestyle Holdings | NASDAQ
Lodging | NASDAQ, USA | Market Cap: 4.454m USD | 12M Return: -10.8% | US04965M1062 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.1M
EPS Trend: 94.0%
Qual. Beats: 0
Rev. Trend: 98.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 3.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a China-based lifestyle brand company that operates hospitality and retail businesses through its subsidiaries. Its core operations include managing hotels on behalf of franchisees, selling hotel supplies and related products, and running a travel agency. The company was incorporated in 2012 and is headquartered in Shanghai, serving the Peoples Republic of China market.
The company falls within the Consumer Discretionary sector, specifically the Hotels, Resorts & Cruise Lines sub-industry. Notably, Atour follows an asset-light business model common among modern hotel chains, generating revenue primarily through franchise management fees and retail product sales rather than direct hotel ownership.
- China travel recovery lifts hotel RevPAR and occupancy rates
- Lifestyle retail product sales scale double digits on premium demand
- Mid-tier hotel competition intensifies from Huazhu and Jin Jiang
| Net Income: 1.96b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.26 > 0.02 and ΔFCF/TA 5.91 > 1.0 |
| NWC/Revenue: 29.33% < 20% (prev 38.79%; Δ -9.47% < -1%) |
| CFO/TA 0.27 > 3% & CFO 2.33b > Net Income 1.96b |
| Net Debt (-3.37b) to EBITDA (2.84b): -1.19 < 3 |
| Current Ratio: 1.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (136.8m) vs 12m ago -2.22% < -2% |
| Gross Margin: 43.23% > 18% (prev 43.76%; Δ -0.53% > 0.5%) |
| Asset Turnover: 137.4% > 50% (prev 100.0%; Δ 37.39% > 0%) |
| Interest Coverage Ratio: 455.4 > 6 (EBIT TTM 2.78b / Interest Expense TTM 6.11m) |
| A: 0.40 (Total Current Assets 7.11b - Total Current Liabilities 3.68b) / Total Assets 8.69b |
| B: 0.31 (Retained Earnings 2.72b / Total Assets 8.69b) |
| C: 0.33 (EBIT TTM 2.78b / Avg Total Assets 8.52b) |
| D: 0.63 (Book Value of Equity 3.37b / Total Liabilities 5.32b) |
| Altman-Z'' = 6.47 = AAA |
| DSRI: 1.05 (Receivables 613.4m/416.9m, Revenue 11.7b/8.36b) |
| GMI: 1.01 (GM 43.76% / 43.23%) |
| AQI: 0.98 (AQ_t 0.05 / AQ_t-1 0.06) |
| SGI: 1.40 (Revenue 11.7b / 8.36b) |
| TATA: -0.04 (NI 1.96b - CFO 2.33b) / TA 8.69b) |
| Beneish M = -2.70 (Cap -4..+1) = A |
As of September 30, 2026, the stock is trading at USD 32.85 with a total of 1,129,538 shares traded. Over the past week, the price has changed by -1.08%, over one month by -6.09%, over three months by +1.64% and over the past year by -10.80%.
Current recommended Stop Loss: 30.60 (which is 6.8% or 2.3 ATR below the current price).
Atour Lifestyle Holdings has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy ATAT.
- StrongBuy: 12
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 49.7 | 51.4% |
Market Cap CNY = 29.9b (4.45b USD * 6.71045 USD.CNY)
P/E Trailing = 15.2749
P/E Forward = 20.0401
P/S = 0.3801
P/B = 8.7155
Revenue TTM = 11.7b CNY
EBIT TTM = 2.78b CNY
EBITDA TTM = 2.84b CNY
Long Term Debt = 2.00m CNY (from longTermDebt, last quarter)
Short Term Debt = 496.0m CNY (from shortTermDebt, last quarter)
Debt = 2.35b CNY (from shortLongTermDebtTotal, last quarter) + Leases 1.06b
Net Debt = -3.37b CNY (calculated: Debt 2.35b - CCE 5.72b)
Enterprise Value = 26.5b CNY (29.9b + Debt 2.35b - CCE 5.72b)
Interest Coverage Ratio = 455.4 (Ebit TTM 2.78b / Interest Expense TTM 6.11m)
EV/FCF = 11.62x (Enterprise Value 26.5b / FCF TTM 2.28b)
FCF Yield = 8.61% (FCF TTM 2.28b / Enterprise Value 26.5b)
FCF Margin = 19.49% (FCF TTM 2.28b / Revenue TTM 11.7b)
Net Margin = 16.77% (Net Income TTM 1.96b / Revenue TTM 11.7b)
Gross Margin = 43.23% ((Revenue TTM 11.7b - Cost of Revenue TTM 6.65b) / Revenue TTM)
Gross Margin QoQ = 43.61% (prev 41.53%)
Tobins Q-Ratio = 3.05 (Enterprise Value 26.5b / Total Assets 8.69b)
Interest Expense / Debt = 0.26% (Interest Expense 6.11m / Debt 2.35b)
Taxrate = 31.17% (888.8m / 2.85b)
NOPAT = 1.92b (EBIT 2.78b * (1 - 31.17%))
Current Ratio = 1.93 (Total Current Assets 7.11b / Total Current Liabilities 3.68b)
Debt / Equity = 0.70 (Debt 2.35b / totalStockholderEquity, last quarter 3.37b)
Debt / EBITDA = -1.19 (Net Debt -3.37b / EBITDA 2.84b)
Debt / FCF = -1.48 (Net Debt -3.37b / FCF TTM 2.28b)
Total Stockholder Equity = 3.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 23.05% (Net Income 1.96b / Total Assets 8.69b)
RoE = 54.74% (Net Income TTM 1.96b / Total Stockholder Equity 3.59b)
RoCE = 77.53% (EBIT 2.78b / Capital Employed (Equity 3.59b + L.T.Debt 2.00m))
RoIC = 38.95% (NOPAT 1.92b / Invested Capital 4.92b)
WACC = 8.36% (E(29.9b)/V(32.2b) * Re(9.0%) + D(2.35b)/V(32.2b) * Rd(0.26%) * (1-Tc(0.31)))
Discount Rate = 9.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -26.80 | Cagr: -0.60%
[DCF] Terminal Value 77.95% ; FCFF base≈2.05b ; Y1≈2.35b ; Y5≈3.46b
[DCF] Fair Price = 496.6 (EV 52.0b - Net Debt -3.37b = Equity 55.4b / Shares 111.5m; r=8.36% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 93.97 | EPS CAGR: 39.96% | SUE: 0.02 | # QB: 0
Revenue Correlation: 98.77 | Revenue CAGR: 46.18% | SUE: 0.40 | # QB: 0
EPS current Quarter (2026-09-30): EPS=4.00 | Chg30d=-3.45% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=15.48 | Chg30d=+0.57% | Revisions=+36% | GrowthEPS=+23.4% | GrowthRev=+31.1%
EPS next Year (2027-12-31): EPS=18.80 | Chg30d=+1.87% | Revisions=+42% | GrowthEPS=+21.5% | GrowthRev=+19.3%
[Analyst] Revisions Ratio: +38% (up=13, down=5)