ATAT · NASDAQ · Travel Lodging

Atour Lifestyle (ADR) (ATAT)

Operating Chinese hotels alongside a sleep-products retail business.

$33.34
vs last close+0.27 (+0.82%)
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Atour Lifestyle Holdings LimitedATAT
Consumer Discretionary

Operating a portfolio of hotel brands in China, primarily through a franchised-and-managed model. Atour Planet uses hotel stays and digital channels to sell sleep products.

Spanning luxury through midscale, the hotel portfolio includes A.T. House, SAVHE, Atour S, Atour Origin, Atour, Atour X, and Atour Light. It serves cities across China, with the core Atour brand forming the largest part of the network. Most properties use a franchised-and-managed arrangement: franchisees fund construction, renovation, and maintenance while the group supplies brand and management services.

Retail complements the hotel network through Atour Planet, a line of pillows, comforters, mattresses, and other sleep products. Sold in hotel spaces and through digital channels, the products use guest stays as a setting for product experience and customer insight. The hotel system depends on franchisees maintaining their properties.

Company facts

CEOHaijun Wang
ListedNov 11, 2022
ExchangeNASDAQ
HeadquartersShanghai, China
CountryChina
Employees6,356
CIK0001853717
ISINUS04965M1062

Market cap$4.57B
EPS (ttm)$2.11
P/E (ttm)15.65
ROE54.7%
P/B9.06
P/S2.61
Dividend yieldDiv yield2.72%
Beta0.72vs XLY 0.59

Price target$40.65+22.9%Average of 4 analysts
ConsensusBuy4 of 4 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Mar 17, 2026Morgan StanleyTarget
Target: $32
Target: $45
Nov 25, 2025MacquarieReiterate
Rating: Target:
Rating: OutperformTarget: $44
Sep 29, 2025JefferiesTarget
Target:
Target: $48

Next report
Nov 24, 26
in 63 days
EPS estimate
$0.53
Revenue estimate
$473.2M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.33$0.33$0.42$0.48$0.48$0.48$0.59Pending
Estimate$0.30$0.32$0.41$0.45$0.43$0.37$0.57$0.53
Surprise+10.0%+3.1%+2.4%+6.7%+11.6%+29.7%+3.5%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$285.4M$261.7M$344.2M$369.6M$398.5M$407.4M$513.7MPending
Estimate$262.5M$319.2M$335.8M$397.2M$398.3M$379.7M$484.6M$473.2M
Surprise+8.7%−18.0%+2.5%−6.9%+0.1%+7.3%+6.0%
Estimate$0.53
ReportedDue Nov 24, 2026
Estimate$473.2M
ReportedDue Nov 24, 2026
View details

Debt to equity38.40%
Current ratio193.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$283.9M$311.6M$285.0M$369.1M$392.9M$416.9M$420.4M$520.4M
Net income$57.5M$49.4M$36.3M$63.4M$70.8M$71.8M$69.3M$81.7M
Net margin20.2%15.8%12.7%17.2%18.0%17.2%16.5%15.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$73.6M$61.9M$53.1M$89.1M$97.4M$105.2M$99.1M$108.7M
YoY growth+44.2%+93.3%+9.4%+52.3%+32.3%+70.0%+86.6%+22.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $855.9M · Total debt $193.7M · Total assets $1.30B · Shareholders' equity $504.5M

Revenue
$520.4M
Operating income
$108.7M
Net income
$81.7M

Reported in CNY, converted at the latest exchange rate

View details

Dividend yield
2.72%
Next ex-date
Dec 5, 26
estimated · in 74 days
Annual dividend
$0.90
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

Sep '23Sep '24Jun '25Dec '25Jun '26
Dividend$0.15$0.45$0.42$0.36$0.54
Annual yield0.78%2.21%2.82%1.82%2.69%
Ex-dateSep 5Sep 17Jun 2Dec 5Jun 5
Payment dateSep 28Sep 30Jun 18Dec 22Jun 22
View details

Institutions56.59%78.21M ADS
186 holders · as of Jun 30, 2026
Insiders0.13%179.7K ADS
3 holders · as of Mar 18, 2026
Other43.28%59.81M ADS
remainder

138.20M ADS (1 ADS = 3 ordinary shares) as of Aug 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Olp Capital Management LtdInstitution
5.58%7.71M A ADSas of Jun 30, 2026
OceanLink Partners Fund, LPInstitution
4.13%5.71Mfiled Sep 3, 2025
M&G PLCInstitution
3.30%4.57M A ADSas of Jun 30, 2026
Schroder Investment Management GroupInstitution
3.22%4.46M A ADSas of Jun 30, 2026
JPMorgan Chase & CoInstitution
2.96%4.09M A ADSas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Atour Lifestyle (ADR)$33.34+0.82%$4.57B15.718.42.6+49.2%
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