Atour Lifestyle Holdings Ltd ADR (ATAT) is undervalued and Choice Hotels International Inc (CHH) is undervalued.
Against our estimates of intrinsic value, ATAT trades at the wider discount: a margin of safety of +53%, against +31% for CHH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.6% (average of 3 methods) values the shares at $70.60; the price of $33.21 is 53% below that value, and 79% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 7.8% (average of 3 methods) values the shares at $145.47; the price of $100.32 is 31% below that value, and 81% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | ATAT | CHH |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $33.21 | $100.32 |
| Intrinsic value | $70.60 | $145.47 |
| Margin of safety | +53% | +31% |
| Leak Score | 100/100 (3/12) | 100/100 (3/12) |
| Market cap | $3.7B | $4.5B |
| Revenue growth, 5 years | 43.1% | 15.6% |
| Operating margin | 21.2% | 25.5% |
| Net margin | 16.8% | 20.2% |
| Return on equity | 58.8% | 563.8% |
| Debt to equity | 0.38 | 14.82 |
| P/E | 16.4x | 14.2x |
| Forward P/E | 11.8x | 13.4x |
| P/B | 9.2x | 31.9x |
| Dividend yield | 2.5% | 1.1% |