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Atour Lifestyle Holdings (ATAT) Fair Value & Analysis

Consumer Cyclical · US · Market cap $4.5B

AL Atour Lifestyle Holdings logo Atour Lifestyle Holdings ATAT · US
Price$35.31
Fair Value$37.58
Upside+6.4%
Quality74/100
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Healthy Growth
Solidly profitable · 17.2% net margin
Low debt · generates free cash flow
1.63% dividend yield
Ranks above peers (10/11)
Wide moat 75/100
Evidence: High Range $28.19 – $103.18 Share as image

Fair value as of: Jul 7, 2026

From 26 valuation models · updated 34 days ago

Fair value updated Jul 7, 2026, revised from $47.06 to $37.58 (−20.1%) since Jun 24, 2026. Share price +10.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide ($28.19 to $103.18). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (4 years)

$42.21 $10.60 Fair Value $37.58 Nov 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.

How to read this chart

45‑month range $10.60 – $42.21 · fair‑value band $28.19 – $103.18 · the $35.31 price screens below the $37.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 7, 2026.

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Analysis

Atour Lifestyle Holdings (ATAT) currently trades at $35.31, while our model-based Fair Value estimate is $37.58, implying the stock looks roughly 6.4% fairly valued today. The Quality Score stands at 74/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Atour Lifestyle Holdings generated revenue of $10.7B at a net margin of 17.2%. Revenue grew 47.5% year over year. It earns a return on equity of 52.9%. The balance sheet holds a net cash position of $1.8B. Fundamentals as of Jul 7, 2026

Our scenario range runs from $28.19 (bear case) to $103.18 (bull case); at $35.31, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 17% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at 6%, ATAT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $278.19 $502.73 $864.48 80
Residual Income $105.72 $146.15 $1,496 76
Rev-Margin DCF $176.08 $266.87 $458.75 74
All 26 models by family
DCF Models
FCF DCF $294.30 $437.13 $882.44 38
Owner Earnings $241.44 $499.03 $1,020 31
5Y Revenue Exit $163.65 $236.69 $387.49 39
5Y EBITDA Exit $245.93 $403.01 $710.69 41
5Y P/E Exit $282.44 $588.06 $1,003 38
10Y Revenue Exit $201.87 $349.65 $425.71 36
10Y EBITDA Exit $263.77 $522.77 $965.44 37
10Y P/E Exit $289.81 $599.59 $1,106 35
Earnings-Based
Graham-Dodd $98.87 $689.53 $967.66 54
Lynch FV $356.24 $508.91 $661.58 50
PEG = 1.0 $356.24 $508.91 $661.58 46
EPV $157.26 $177.41 $194.79 59
Dividend Discount
Gordon GGM $59.16 $117.88 $178.51 70
DDM Multi-Stage $59.16 $101.88 $124.43 61
Multiples
P/E Multiple $239.91 $319.89 $399.86 63
P/S Multiple $79.04 $105.38 $131.73 58
P/B Multiple $96.76 $129.02 $161.27 55
EV/EBIT $308.96 $402.07 $495.18 53
EV/EBITDA $220.10 $283.59 $347.08 54
EV/Revenue $103.40 $135.02 $166.63 43
Asset-Based
NCAV (Graham) $16.13 $21.61 $32.25 50
Growth DCF
Growth DCF $278.19 $502.73 $864.48 80
Rev-Margin DCF $176.08 $266.87 $458.75 74
Economic Profit
Residual Income $105.72 $146.15 $1,496 76
ROIC Compounder $160.92 $186.76 $211.96 72
Growth Earnings
Growth-Adj P/E $472.88 $675.54 $878.20 68

Widest divergence: Growth Earnings ($675.54) versus Asset-Based ($21.61). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $10.7B
Revenue growth (YoY) +47.5%
Net margin 17.2%
Return on equity 52.9%
Free cash flow $1.9B FY2025
P/E ratio 16.7
More key figures
Operating margin 23.6%
EPS (TTM) $1.95
Dividend yield 1.6%
EPS growth (YoY) +91.4%
Net cash $1.8B FY2025

Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 75 · Market factors (momentum, volatility) 48

Profitability 87
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 66
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands in the People's Republic of China. The company operates hospitality and retail businesses; and provides hotel management services, including day-to-day management services for the hotels on behalf of franchisees, as well as sells hotel supplies and other products.

Full company description

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands in the People's Republic of China. The company operates hospitality and retail businesses; and provides hotel management services, including day-to-day management services for the hotels on behalf of franchisees, as well as sells hotel supplies and other products. It also operates travel agency. Atour Lifestyle Holdings Limited was incorporated in 2012 and is headquartered in Shanghai, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Atour Lifestyle Holdings reported revenue of $9.8B in FY2025 versus $2.1B in FY2021, a compound +46.1%/yr. Reported net income was $1.6B in FY2025, compounding +82.8%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$9.8B
Latest YoY
+35.1%
Avg. growth/yr (3Y)
+62.9%
Avg. growth/yr (5Y)
+44.3%
Avg. growth/yr (6Y)
+35.7%
Revenue +46.1%/yr
FY21 $2.1B
FY22 $2.3B
FY23 $4.7B
FY24 $7.2B
FY25 $9.8B
Net income +82.8%/yr
FY21 $145M
FY22 $98.1M
FY23 $737M
FY24 $1.3B
FY25 $1.6B

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Cite: Fair Value Calculator (2026). "Atour Lifestyle Holdings Fair Value". https://www.fairvalue-calculator.com/stock/ATAT

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Lodging · 170 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 74 · Top 25%
Fair Value upside +6% · Top 25%
Return on equity (TTM) 53% · Top 25%
Return on assets 20% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 24% · Above median
Revenue growth 48% · Top 25%
Dividend yield (TTM) 1.6% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 16.7× · Cheaper than median
P/FCF 2.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 42 · sector 1
FUTURE 100 · sector 18
PAST 100 · sector 11
HEALTH 100 · sector 91
DIVIDEND 33 · sector 23

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is Atour Lifestyle Holdings (ATAT) overvalued or undervalued?
As of Jul 7, 2026, our model estimates a fair value of $37.58 versus a price of $35.31, about +6% (fairly valued).
What is the fair value of ATAT?
Our model-based fair value for Atour Lifestyle Holdings is $37.58 (as of Jul 7, 2026), built from audited fundamentals. The current price is $35.31.
What is the quality score of ATAT?
Atour Lifestyle Holdings has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Atour Lifestyle Holdings (ATAT)?
Atour Lifestyle Holdings reported trailing-twelve-month revenue of about $10.7B (latest available figure, as of Jul 7, 2026).
What is the net profit margin of ATAT?
The net profit margin of Atour Lifestyle Holdings is about 17.2%, meaning it keeps roughly 17.2% of revenue as net income. Based on the latest reported figures.
Does Atour Lifestyle Holdings pay a dividend?
Atour Lifestyle Holdings currently shows a dividend yield of about 1.63% relative to its recent price (as of Jul 7, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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