Atour Lifestyle Holdings Ltd (ATAT)

Hotels & Motels

Latest Price

$34.33

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $3.87

Book value / share: $8.57

Formula: √(22.5 × EPS × BVPS)

Graham Number

$27.32

20% downside

Norm. op. income: $1.3B (median of 4yr)

Tax rate: 29%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$29.81

13% downside

Base FCF: $219M (median of recent 4yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$46.99

+37% upside

EPS: $3.87

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$58.05

+69% upside

15.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
OLP CAPITAL MANAGEMENT Ltd	8.11M	$298.0M	1.95%	-547.5K	2026-03-31
FMR LLC	4.88M	$179.0M	1.17%	--	2026-03-31
WFM ASIA (BVI) Ltd	3.68M	$135.0M	0.89%	+525.4K	2026-03-31
Aspex Management (HK) Ltd	3.55M	$130.0M	0.85%	-5.1K	2026-03-31
M&G PLC	2.81M	$103.0M	0.68%	+279	2026-03-31
Greenwoods Asset Management Hong Kong Ltd.	2.59M	$95.0M	0.62%	+301.0K	2026-03-31
BANK OF AMERICA CORP /DE/	2.41M	$88.0M	0.58%	-973.7K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	2.27M	$83.0M	0.55%	--	2026-03-31
Mitsubishi UFJ Trust & Banking Corp	2.26M	$83.0M	0.54%	+505.2K	2026-03-31
RENAISSANCE TECHNOLOGIES LLC	2.15M	$79.0M	0.52%	-24.5K	2026-03-31