Atour Lifestyle: The Growth Story Remains Undervalued

  • Atour Lifestyle Holdings Limited has continued its profitable growth story with rapid manachised hotel expansion in China, and surging retail revenues as the brand's recognition is growing. The tense US-China relations have caused Atour's stock to decline, but I believe that the ADS risk should be low. Atour's capital light growth remains undervalued. I estimate 82% upside to a fair value of $43.1.