Consumer Cyclical · Travel Lodging
Price
$32.13
Market Cap
$4.4B
Employees
5,488
Beta
0.63
Avg Volume
1,140,109
CEO
Haijun Wang
Business Description
Atour Lifestyle Holdings Limited, operating through its subsidiaries, manages a substantial hotel chain across China. The company distinguishes itself by offering a range of themed hotels, including concepts like music, basketball, and literary hotels, designed to cater to diverse interests and lifestyles across various age demographics. As of March 31, 2021, its extensive hotel footprint covered 131 cities within China, comprising 608 hotels with a combined total of 71,121 rooms. This figure includes 575 manachised hotels, contributing 66,267 rooms, alongside an impressive development pipeline of 299 new hotels, which will add 32,825 rooms. Additionally, Atour provides comprehensive hotel management services to its franchisees, overseeing day-to-day operations, and sells a variety of hotel supplies and other related products. The company was founded in 2012 and maintains its headquarters in Shanghai, China.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
16.26
Stock Price: $32.13
EPS (Diluted): 11.40
EPS (Diluted): 11.40
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
10.61
Stock Price: $32.13
Total Equity: $3.60B
Shares: 139,765,766
Total Equity: $3.60B
Shares: 139,765,766
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
10.21
Market Cap: $4.44B
Total Debt: $482.51M
Cash: $3.31B
EBITDA: $2.42B
Total Debt: $482.51M
Cash: $3.31B
EBITDA: $2.42B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$36.4B
Market Cap: $4.44B
Total Debt: $482.51M
Cash: $3.31B
Total Debt: $482.51M
Cash: $3.31B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
44.3%
Gross Profit: $4.33B
Revenue: $9.79B
Revenue: $9.79B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
23.6%
Operating Income: $2.31B
Revenue: $9.79B
Revenue: $9.79B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
16.6%
Net Income: $1.62B
Revenue: $9.79B
Revenue: $9.79B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
51.6%
Net Income: $1.62B
Total Equity: $3.60B
Total Equity: $3.60B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
30.6%
Operating Income: $2.31B
Tax Rate: 31.4%
Equity: $3.60B
Total Debt: $482.51M
Cash: $3.31B
Tax Rate: 31.4%
Equity: $3.60B
Total Debt: $482.51M
Cash: $3.31B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.97
Current Assets: $7.36B
Current Liabilities: $3.73B
Current Liabilities: $3.73B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.13
Short-Term Debt: $480.51M
Long-Term Debt: $2.00M
Total Debt: $482.51M
Total Equity: $3.60B
Long-Term Debt: $2.00M
Total Debt: $482.51M
Total Equity: $3.60B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$70.05
Revenue: $9.79B
Shares: 139,765,766
Shares: 139,765,766
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$25.73
Total Equity: $3.60B
Shares: 139,765,766
Shares: 139,765,766
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$13.27
Operating CF: $1.94B
CapEx: -$83.44M
Shares: 139,765,766
CapEx: -$83.44M
Shares: 139,765,766
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
2.0%
Last Dividend: N/A
Stock Price: $32.13
Stock Price: $32.13
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.62B
Net Income: $1.62B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ATAT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:25pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.3B | $4.7B | $7.2B | $9.8B |
| Cost of Revenue | $1.5B | $1.5B | $2.8B | $4.2B | $5.5B |
| Gross Profit | $606.6M | $717.9M | $1.9B | $3.1B | $4.3B |
| Operating Expenses | $410.6M | $552.9M | $987.7M | $1.4B | $2.0B |
| Operating Income | $196.1M | $165.0M | $924.0M | $1.6B | $2.3B |
| Net Income | $145.1M | $98.1M | $737.1M | $1.3B | $1.6B |
| EBITDA | $305.7M | $275.6M | $1.1B | $1.8B | $2.4B |
| EPS | $0.89 | $0.78 | $5.33 | $9.24 | $11.40 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:25pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.0B | $1.6B | $2.8B | $3.6B | $3.3B |
| Total Current Assets | $1.4B | $2.1B | $4.2B | $5.7B | $7.4B |
| Total Assets | $2.2B | $4.8B | $6.6B | $7.9B | $9.2B |
| Current Liabilities | $1.1B | $1.3B | $2.4B | $2.8B | $3.7B |
| Long-Term Debt | $43.6M | $2.0M | $2.0M | $2.0M | $2.0M |
| Total Liabilities | $1.7B | $3.6B | $4.5B | $4.9B | $5.6B |
| Total Equity | $579.4M | $1.2B | $2.1B | $3.0B | $3.6B |
| Retained Earnings | -$176.4M | -$78.3M | $507.2M | $1.3B | $2.2B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:25pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $417.9M | $283.7M | $2.0B | $1.7B | $1.9B |
| Capital Expenditure | -$66.0M | -$39.2M | -$41.7M | -$56.2M | -$83.4M |
| Free Cash Flow | $351.9M | $244.4M | $1.9B | $1.7B | $1.9B |
| Acquisitions (net) | -$2.0M | $155.8M | $0 | $0 | $5.6M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$111.3M | $0 | $0 | $0 | -$320.9M |
| Net Change in Cash | $206.4M | $550.6M | $1.3B | $777.9M | -$160.4M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 8:02am (55m ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$9.8B $9.7B – $9.9B
|
$12.4B $12.0B – $13.2B
|
$14.8B $14.4B – $15.1B
|
$17.3B $16.7B – $18.4B
|
| EBITDA |
$1.9B $1.9B – $2.0B
|
$2.5B $2.4B – $2.6B
|
$2.9B $2.8B – $3.0B
|
$3.4B $3.3B – $3.6B
|
| Net Income |
$1.7B $1.6B – $1.7B
|
$2.1B $2.1B – $2.1B
|
$2.5B $2.4B – $2.6B
|
$3.0B $2.5B – $3.5B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:25pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +5.4% | +106.2% | +55.3% | +35.1% |
| Gross Profit Growth | +18.3% | +166.3% | +59.9% | +41.8% |
| Operating Income Growth | -15.9% | +460.2% | +75.6% | +42.2% |
| Net Income Growth | -32.4% | +651.4% | +73.0% | +27.1% |
| EBITDA Growth | -9.9% | +289.0% | +66.7% | +35.5% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 8:02am (55m ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-18 | Wang Haijun | 0.00 | $0.00 | $0 | |
| 2023-03-30 | Wang Haijun | 4,000,000.00 | $3.01 | $12.0M | |
| 2027-01-02 | Wang Haijun | 209,680.00 | $0.01 | $2,097 | |
| 2026-03-18 | Wang Shoudong | 0.00 | $0.00 | $0 | |
| 2026-12-24 | Wang Shoudong | 75,000.00 | $2.97 | $222,750 | |
| 2027-01-02 | Wang Shoudong | 1,403.00 | $0.01 | $14 | |
| 2026-03-18 | Gao Lijun | 0.00 | $0.00 | $0 | |
| 2026-12-24 | Gao Lijun | 75,000.00 | $2.97 | $222,750 | |
| 2027-01-02 | Gao Lijun | 1,028.00 | $0.01 | $10 | |
| 2026-03-18 | Wu Jianfeng | 0.00 | $0.00 | $0 | |
| 2027-07-20 | Wu Jianfeng | 75,000.00 | $2.91 | $218,250 | |
| 2025-02-24 | Wu Jianfeng | 355,000.00 | $5.01 | $1.8M | |
| 2027-01-02 | Wu Jianfeng | 2,252.00 | $0.01 | $23 | |
| 2026-03-16 | Zhou Shiwei | 0.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:25pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-05 | $0.54 | 2026-05-13 | 2026-06-05 | 2026-06-22 |
| 2025-12-05 | $0.36 | 2025-11-25 | 2025-12-05 | 2025-12-22 |
| 2025-06-02 | $0.42 | 2025-05-22 | 2025-06-02 | 2025-06-18 |
| 2024-09-17 | $0.45 | 2024-08-29 | 2024-09-17 | 2024-09-30 |
| 2023-09-05 | $0.15 | 2023-08-17 | 2023-09-06 | 2023-09-28 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ATAT — it's generated by the pipeline (
market-narrative step).
No community reviews yet for ATAT.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30