Atour Lifestyle Holdings (ATAT) AI Stock Analysis

• Market Cap: $5.22B
• Dividend Yield: 2.3%
• Average Volume (3M): 1.30M
• Price to Earnings (P/E): 25.9
• Beta (1Y): 0.44
• Revenue Growth: 37.04%
• EPS Growth: 26.25%
• Country: US
• Employees: 5,488
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Lodging
• EPS (TTM): 0.49
• Shares Outstanding: 113,625,650
• 10 Day Avg. Volume: 1,290,991
• 30 Day Avg. Volume: 1,304,814
• PEG Ratio: 0.29
• Price to Book (P/B): 9.15
• Price to Sales (P/S): 3.73
• P/FCF Ratio: 16.21
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 1.28
• Enterprise Value/Ebitda: 2.34
• 1Y Price Target: $46.46
• Price Target Upside: 23.04% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $42.00 ▲(11.23% Upside)

Atour Lifestyle Holdings' overall stock score is driven by strong financial performance and positive earnings call highlights. The company's robust revenue growth and profitability, along with strategic expansion in hotels and retail, are significant strengths. However, technical indicators suggest caution, and the high P/E ratio raises valuation concerns. Despite these challenges, the company's positive guidance and shareholder returns support a favorable outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market expansion and effective business strategies, enhancing long-term financial stability.

Hotel Network Expansion

Expanding the hotel network strengthens market presence and supports sustained revenue growth, providing a competitive edge.

Retail Business Growth

Robust retail growth diversifies revenue streams and enhances resilience against market fluctuations, supporting long-term profitability.

Negative Factors

Decline in Leased Hotel Revenues

Declining leased hotel revenues may impact overall profitability and indicate challenges in optimizing the hotel portfolio.

Increase in Selling and Marketing Expenses

Rising marketing costs could pressure margins and require careful management to ensure sustainable profitability.

Quarter-over-Quarter Decline in Retail Revenues

Seasonal declines in retail revenues highlight potential volatility, necessitating strategies to stabilize and grow this segment.

Atour Lifestyle Holdings Business Overview & Revenue Model

Company Description

Atour Lifestyle Holdings Limited, through its subsidiaries, operates a chain of hotels in China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests. As of March 31, 2021, its hotel network covered 608 hotels spanning 131 cities in China, with a total of 71,121 hotel rooms, including 575 manachised hotels with a total of 66,267 manachised hotel rooms, as well as a pipeline of 299 hotels with a total of 32,825 rooms under development. The company also provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products. Atour Lifestyle Holdings Limited was incorporated in 2012 and is headquartered in Shanghai, China.

How the Company Makes Money

Atour Lifestyle Holdings generates revenue primarily through its hotel operations, which include room bookings, food and beverage services, and ancillary services such as meeting and event spaces. The company earns money from direct sales to consumers as well as through partnerships with online travel agencies (OTAs) and corporate clients. Additionally, Atour capitalizes on brand loyalty through membership programs, which encourage repeat business and enhance customer retention. The company also explores opportunities in franchising its hotel brands, allowing it to expand its footprint while earning franchise fees and royalties from third-party operators.

Atour Lifestyle Holdings Financial Statement Overview

Summary

Atour Lifestyle Holdings demonstrates strong financial health with robust revenue growth, profitability, and efficient cash generation. The income statement shows a positive growth trajectory, the balance sheet reflects a stable capital structure, and cash flow metrics indicate strong cash conversion capabilities.

Income Statement

Atour Lifestyle Holdings demonstrates strong revenue growth with an 8.74% increase in the TTM period, supported by a solid gross profit margin of 42.79%. The company maintains a healthy net profit margin of 16.41%, indicating effective cost management. EBIT and EBITDA margins are robust at 22.81% and 22.99%, respectively, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.53, indicating manageable leverage. Return on equity is impressive at 43.78%, reflecting strong profitability relative to shareholder equity. The equity ratio stands at 39.45%, suggesting a stable capital structure. While the company has improved its leverage position over time, maintaining this trend will be crucial for financial stability.

Cash Flow

Cash flow analysis reveals a healthy free cash flow growth rate of 11.89% in the TTM period, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.63, and the free cash flow to net income ratio is 0.96, both reflecting efficient cash conversion. The company has demonstrated consistent improvement in cash flow metrics, supporting its operational and financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.36B	7.25B	4.67B	2.26B	2.15B	1.57B
Gross Profit	3.66B	3.06B	1.91B	682.99M	564.67M	337.70M
EBITDA	2.00B	1.79B	1.07B	275.62M	305.74M	161.86M
Net Income	1.38B	1.28B	737.14M	98.10M	145.05M	42.05M
Balance Sheet
Total Assets	8.36B	7.88B	6.59B	4.76B	2.25B	1.99B
Cash, Cash Equivalents and Short-Term Investments	5.20B	4.88B	3.59B	1.75B	1.04B	830.23M
Total Debt	1.70B	1.73B	1.95B	2.30B	109.44M	121.43M
Total Liabilities	5.07B	4.93B	4.53B	3.57B	1.68B	1.42B
Stockholders Equity	3.30B	2.96B	2.07B	1.20B	579.43M	575.22M
Cash Flow
Free Cash Flow	1.70B	1.67B	1.95B	244.45M	351.91M	4.70M
Operating Cash Flow	1.77B	1.73B	1.99B	283.68M	417.88M	118.67M
Investing Cash Flow	-1.50B	-520.55M	-600.52M	-192.22M	-42.23M	-105.53M
Financing Cash Flow	-846.45M	-426.60M	-146.92M	456.31M	-161.08M	48.01M

Atour Lifestyle Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 37.76
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATAT, the sentiment is Neutral. The current price of 37.76 is below the 20-day moving average (MA) of 38.86, below the 50-day MA of 38.03, and above the 200-day MA of 33.11, indicating a neutral trend. The MACD of -0.28 indicates Positive momentum. The RSI at 47.75 is Neutral, neither overbought nor oversold. The STOCH value of 41.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ATAT.

Atour Lifestyle Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HTHT	74 Outperform	$13.85B	27.52	32.55%	3.82%	6.45%	8.55%
ATAT	72 Outperform	$5.22B	25.88	46.15%	2.30%	37.04%	26.25%
CHH	65 Neutral	$4.23B	11.21	1418.13%	1.26%	2.76%	56.02%
WH	65 Neutral	$5.58B	17.00	57.98%	2.23%	3.38%	38.04%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GHG	61 Neutral	$203.05M	12.76	―	2.74%	―	―
SHCO	44 Neutral	$1.73B	―	―	―	8.09%	43.02%

Atour Lifestyle Holdings Corporate Events

Atour Lifestyle Holdings Reports Strong Q3 2025 Financial Results

Atour Lifestyle Holdings Limited reported a significant increase in its financial performance for the third quarter of 2025, with net revenues rising by 38.4% year-over-year to RMB2,628 million. The growth was driven by the expansion of its manachised hotel network and a robust retail business, which saw a 75.5% increase in GMV. The company operated 1,948 hotels as of September 30, 2025, and continues to focus on strategic goals and enhancing customer experiences, including the launch of the ‘Atour Planet Deep Sleep Standard’.

Atour Lifestyle Holdings to Announce Q3 2025 Financial Results

Atour Lifestyle Holdings Limited announced that it will release its unaudited financial results for the third quarter of 2025 on November 25, 2025, before the U.S. markets open. The company will also host a conference call on the same day to discuss the results, providing stakeholders with insights into its financial performance and strategic direction.

Atour Lifestyle Holdings Announces Board Changes

On November 10, 2025, Atour Lifestyle Holdings Limited announced changes to its board of directors. Mr. Cong Lin resigned from his roles as a director and committee member due to personal reasons, and Mr. Yingchun Song was appointed as his successor. Mr. Song, who has extensive experience in the retail chain industry and holds senior positions in business associations, is expected to bring valuable expertise to Atour’s board. This change is part of Atour’s ongoing efforts to strengthen its leadership and continue its growth in the hospitality sector.

Atour Lifestyle Holdings Reports Strong Q2 2025 Financial Results

Atour Lifestyle Holdings Limited reported a strong financial performance for the second quarter of 2025, with net revenues increasing by 37.4% year-over-year to RMB2,469 million. The company’s hotel network expanded significantly, with 1,824 hotels in operation as of June 30, 2025, reflecting a 29.2% increase in the number of hotels. The retail segment also showed robust growth, with GMV increasing by 84.6% year-over-year. Despite a decrease in leased hotel revenues due to product mix optimization, the overall financial results highlight Atour’s strategic focus on expanding its hotel network and enhancing its retail offerings, which have strengthened its competitive position in the market.