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Earnings transcript
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ATAT
Atour Lifestyle Holdings Limited
$34.89
-0.38
(-1.08%)
| Exchange: | NASDAQ |
| Market Cap: | 4.822B |
| Shares Outstanding: | 391.22M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Travel Lodging | |||||
| CEO: | Haijun Wang | |||||
| Full Time Employees: | 6356 | |||||
| Address: |
| |||||
| Website: | http://ir.yaduo.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,665,967 | 7,247,932 | 9,790,159 |
| Gross Profit | 1,911,751 | 3,056,065 | 4,332,690 |
| EBITDA | 1,072,119 | 1,787,357 | 2,421,263 |
| Operating Income | 924,034 | 1,622,302 | 2,306,677 |
| Net Income | 737,137 | 1,275,348 | 1,620,992 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,587,025 | 7,878,814 | 9,173,343.793 |
| Total Liabilities | 4,526,936 | 4,932,927 | 5,590,262.564 |
| Total Stockholders Equity | 2,068,068 | 2,956,230 | 3,595,767.294 |
| Total Debt | 1,950,899 | 1,732,813 | 1,525,891.055 |
| Cash and Cash Equivalents | 2,840,807 | 3,618,451 | 3,306,052.926 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,988,674 | 1,725,948 | 1,938,527.898 |
| Capital Expenditure | -41,724 | -56,238 | -83,438.115 |
| Free Cash Flow | 1,946,950 | 1,669,710 | 1,855,089.782 |
| Net Income | 739,057 | 1,275,348 | 1,576,828.342 |
| Net Change in Cash | 1,251,646 | 777,877 | -160,382.728 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 16,675,270.635 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 20,700,632.798 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 17,871,964.802 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 3,294,531.402 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 4,089,821.766 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 3,530,962.138 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 2,498,964.393 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 3,534,775.481 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 3,016,869.937 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,172,666.839 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,938,539.449 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,400,352.013 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 21.210 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 25.290 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 17.880 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 15 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 8 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Atour Lifestyle Holdings reported strong net revenues in Q2 2025, as highlighted in the earnings call transcript, indicating sustained top-line growth. This performance aligns with positive revenue trends observed in historical income statements, showcasing the company's ability to scale operations effectively.
- Solid Brand Positioning: The earnings call emphasized Atour's focus on quality enhancement and leveraging brand strengths, which has likely contributed to competitive differentiation within the industry. This is supported by consistent gross profit margins (per key metrics), reflecting strong pricing power and customer loyalty.
- Healthy Cash Flow Generation: Analysis of cash flow statements reveals positive net cash provided by operating activities and free cash flow, indicating operational efficiency and financial flexibility to fund growth initiatives without excessive reliance on external financing.
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At what price to buy it? -
Intrinsic Value Calculator
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Common questions about ATAT valuation
Is Atour Lifestyle Holdings Limited (ATAT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Atour Lifestyle Holdings Limited (ATAT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ATAT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ATAT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ATAT’s P/E ratio?
You can see ATAT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ATAT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ATAT a good long-term investment?
Whether ATAT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ATAT
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Daily snapshot
-1.08
Trading Metrics:
| Open: | 35.18 | Previous Close: | 35.27 | |
| Day Low: | 34.75 | Day High: | 36.3 | |
| Year Low: | 30.78 | Year High: | 43.17 | |
| Price Avg 50: | 33.36 | Price Avg 200: | 36.78 | |
| Volume: | 691950 | Average Volume: | 1.058M |
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Welcome to MARKETSNAP’s SWOT analysis for Atour Lifestyle Holdings, a company that might not be on everyone’s radar just yet, but definitely deserves a closer look if you’re hunting for unique opportunities in the market. I’m thrilled to dive into this one with you today because we’re peeling back the layers of a player in the hospitality and lifestyle sector, specifically in China, and there’s a lot to unpack here for long-term investors like us. So, grab your coffee, let’s…
