Screened 2026-09-11 · the tape above runs as of 15:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
Atour Lifestyle Holdings Limited holds its Distribution at $32.41. Consolidating, no directional conviction, held for 2 days.
As held on the ledger · 2026-09-11
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 2 days
Price at the screen
$32.41
Valuation
15.29 trailing · 11.57 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.64
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
16.63%
Below 33%
Interest-bearing debt is just 16.6% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
27.95%
Below 33%
Cash held in interest-bearing accounts and securities is 28.0% of assets, under the one-third limit.
Pass
Receivables
39.76%
Below 49%
Money owed to the company is 39.8% of assets, under the 49% limit.
Pass
Revenue purity
0.74%
Below 5%
Only 0.7% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-11 screen. The gold marker is the market price at the same screen. A 68.0% margin of safety to the base estimate.
Third-party analyst targets: 17 covering, consensus Strong Buy. The average target sits +46% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
China Hotel Chain Shows Flashy Numbers Yet We Pass
Picture a business traveller stepping into a sleek Chinese hotel that doubles as a lifestyle store. Atour is stitching together lodging and retail across the mainland at a time when domestic travel is rebounding hard. Yet the opportunity rating sits at none, so we pass.
The numbers look bright on paper. Revenue is rising 48 percent, profit margins reach 17 percent and return on equity hits 53 percent, all at a forward multiple of 12 times. Our own fair value sits well above the current price, and the ethical screen clears without issue.
Risk sits in the cyclical lodging exposure inside China, where policy shifts and consumer swings can erase peak earnings quickly. An unknown moat and heavy mainland concentration keep the rating at none regardless of analyst targets. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to China and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ATAT trades on Nasdaq (the company is based in China). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-22Markup · changed$35.31+9.6%Entry 5
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 9.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading bearish. Over the past year the shares are up 12%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it strong buy, with a mean price target of $50.
2026-07-22Markdown$32.23-4.7%Entry 4
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 4.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading bearish. Over the past year the shares are up 12%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it strong buy, with a mean price target of $50.
2026-07-18Markdown$33.83+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading bearish. Over the past year the shares are up 12%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it strong buy, with a mean price target of $50.
2026-07-03Markdown$33.83+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markdown$33.83Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
