Atour Lifestyle Holdings Ltd. (ATAT) intrinsic value & 10-year financials
Atour Lifestyle Holdings Ltd. (ATAT) has a Graham intrinsic value of $128.54 per share. At $32.78 on Oct 27, 2026, the stock trades 74% below that value. Over the last 7 fiscal years revenue grew 44.3% a year to $9.8B, with an average return on invested capital of 52.0%.
- Graham intrinsic value
- $128.54
- Share price (Oct 27, 2026)
- $32.78
- Price vs Graham value
- 74% below
- Market cap
- $13.7B
- Revenue (FY2025)
- $9.8B
- Revenue growth (7-yr CAGR)
- 44.3%
- ROIC (10-yr avg)
- 52.0%
- Free cash flow (FY2025)
- $1.9B
ATAT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $9.8B | $1.6B | $3.87 | $1.9B | 23.6% | 133.9% |
| FY2024 | $7.2B | $1.3B | $3.06 | $1.7B | 22.4% | 144.6% |
| FY2023 | $4.7B | $737.1M | $1.78 | $1.9B | 19.8% | 59.7% |
| FY2022 | $2.3B | $98.1M | $0.26 | $247.3M | 7.3% | 17.2% |
| FY2021 | $2.1B | $145.1M | $0.40 | $353.9M | 9.1% | -32.8% |
| FY2020 | $1.6B | $42.1M | -$0.06 | $5.9M | 4.0% | -10.9% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Atour Lifestyle Holdings Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Atour Lifestyle Holdings Ltd has earned high returns on invested capital, averaging 52.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Atour Lifestyle Holdings Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Atour Lifestyle Holdings Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $128.54 per share.