Atour Lifestyle Holdings Valuation

Q: What is the Fair Price of ATAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ATAT ($27.89) is trading below our estimate of [[fair value]] ($27.95)

Is ATAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ATAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATAT ($27.89) is trading below our estimate of fair value ($27.95)

Significantly Below Fair Value: ATAT is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATAT?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ATAT. This is calculated by dividing ATAT's market cap by their current preferred multiple.
What is ATAT's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CN¥27.07b

ATAT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.1x
Enterprise Value/EBITDA	18.3x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does ATAT's PE Ratio compare to its peers?

The above table shows the PE ratio for ATAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	24.5x
HGV Hilton Grand Vacations	23.5x	51.9%	US$3.7b
TNL Travel + Leisure	8.2x	3.9%	US$3.3b
MMYT MakeMyTrip	49.7x	8.1%	US$10.9b
VAC Marriott Vacations Worldwide	16.6x	37.0%	US$2.7b
ATAT Atour Lifestyle Holdings	26x	23.2%	US$3.8b

Price-To-Earnings vs Peers: ATAT is expensive based on its Price-To-Earnings Ratio (26x) compared to the peer average (24.5x).

Price to Earnings Ratio vs Industry

How does ATAT's PE Ratio compare vs other companies in the US Hospitality Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	22.5%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	22.5%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ATAT is expensive based on its Price-To-Earnings Ratio (26x) compared to the US Hospitality industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is ATAT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATAT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26x
Fair PE Ratio	23.3x

Price-To-Earnings vs Fair Ratio: ATAT is expensive based on its Price-To-Earnings Ratio (26x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ATAT forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	US$27.89	US$27.31 -2.1%	10.2%	US$32.36	US$23.29	n/a	12
Sep ’25	US$19.02	US$27.34 +43.7%	9.2%	US$32.00	US$23.03	n/a	11
Aug ’25	US$15.72	US$26.44 +68.2%	9.6%	US$30.92	US$21.96	n/a	11
Jul ’25	US$18.67	US$27.17 +45.5%	7.9%	US$30.95	US$23.45	n/a	11
Jun ’25	US$17.81	US$27.20 +52.7%	8.0%	US$30.99	US$23.49	n/a	11
May ’25	US$17.86	US$28.31 +58.5%	12.0%	US$35.00	US$23.63	n/a	11
Apr ’25	US$18.57	US$29.08 +56.6%	11.1%	US$34.57	US$23.67	n/a	10
Mar ’25	US$19.49	US$29.57 +51.7%	13.4%	US$38.21	US$23.92	n/a	11
Feb ’25	US$18.00	US$29.57 +64.3%	13.4%	US$38.21	US$23.92	n/a	11
Jan ’25	US$17.36	US$29.62 +70.6%	13.4%	US$38.28	US$23.96	n/a	11
Dec ’24	US$18.00	US$29.76 +65.4%	13.3%	US$38.44	US$24.06	n/a	11
Nov ’24	US$19.43	US$28.76 +48.0%	12.0%	US$35.87	US$23.81	n/a	11
Oct ’24	US$18.85	US$29.31 +55.5%	11.7%	US$36.12	US$23.98	US$26.04	10
Sep ’24	US$19.62	US$29.31 +49.4%	11.7%	US$36.12	US$23.98	US$19.02	10
Aug ’24	US$20.07	US$27.18 +35.4%	14.7%	US$34.02	US$21.32	US$15.72	9
Jul ’24	US$16.24	US$27.50 +69.3%	12.1%	US$31.95	US$21.75	US$18.67	6
Jun ’24	US$17.80	US$29.35 +64.9%	8.3%	US$33.02	US$26.02	US$17.81	5
May ’24	US$21.50	US$31.02 +44.3%	16.0%	US$40.02	US$25.78	US$17.86	5
Apr ’24	US$26.21	US$31.02 +18.3%	16.0%	US$40.02	US$25.78	US$18.57	5
Mar ’24	US$27.21	US$28.11 +3.3%	12.3%	US$32.98	US$25.23	US$19.49	3
Feb ’24	US$25.60	US$25.65 +0.2%	1.8%	US$26.10	US$25.20	US$18.00	2
Jan ’24	US$18.02	US$23.47 +30.3%	6.5%	US$25.00	US$21.95	US$17.36	2

Analyst Forecast: Target price is lower than the current share price.