WallStSmart

Atour Lifestyle Holdings Limited American Depositary Shares (ATAT)vsDoorDash, Inc. Class A Common Stock (DASH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

DoorDash, Inc. Class A Common Stock generates 40% more annual revenue ($13.72B vs $9.79B). ATAT leads profitability with a 16.6% profit margin vs 6.8%. ATAT trades at a lower P/E of 22.3x. ATAT earns a higher WallStSmart Score of 74/100 (B).

ATAT

Strong Buy

74

out of 100

Grade: B

Growth: 10.0Profit: 9.5Value: 7.0Quality: 8.5
Piotroski: 6/9Altman Z: 3.11

DASH

Buy

59

out of 100

Grade: C

Growth: 10.0Profit: 5.5Value: 4.0Quality: 7.0
Piotroski: 5/9Altman Z: 1.94
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ATATUndervalued (+68.3%)

Margin of Safety

+68.3%

Fair Value

$123.70

Current Price

$37.86

$85.84 discount

UndervaluedFair: $123.70Overvalued
DASHUndervalued (+3.0%)

Margin of Safety

+3.0%

Fair Value

$180.89

Current Price

$168.65

$12.24 discount

UndervaluedFair: $180.89Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ATAT5 strengths · Avg: 9.2/10
Return on EquityProfitability
49.7%10/10

Every $100 of equity generates 50 in profit

Revenue GrowthGrowth
33.8%10/10

Revenue surging 33.8% year-over-year

Altman Z-ScoreHealth
3.1110/10

Safe zone — low bankruptcy risk

Operating MarginProfitability
27.2%8/10

Strong operational efficiency at 27.2%

EPS GrowthGrowth
45.5%8/10

Earnings expanding 45.5% YoY

DASH3 strengths · Avg: 9.0/10
Revenue GrowthGrowth
37.7%10/10

Revenue surging 37.7% year-over-year

Market CapQuality
$73.49B9/10

Large-cap with strong market position

EPS GrowthGrowth
47.7%8/10

Earnings expanding 47.7% YoY

Areas to Watch

ATAT1 concerns · Avg: 4.0/10
Price/BookValuation
9.9x4/10

Trading at 9.9x book value

DASH4 concerns · Avg: 3.3/10
PEG RatioValuation
1.724/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.944/10

Grey zone — moderate risk

Profit MarginProfitability
6.8%3/10

6.8% margin — thin

P/E RatioValuation
79.5x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : ATAT

The strongest argument for ATAT centers on Return on Equity, Revenue Growth, Altman Z-Score. Profitability is solid with margins at 16.6% and operating margin at 27.2%. Revenue growth of 33.8% demonstrates continued momentum.

Bull Case : DASH

The strongest argument for DASH centers on Revenue Growth, Market Cap, EPS Growth. Revenue growth of 37.7% demonstrates continued momentum.

Bear Case : ATAT

The primary concerns for ATAT are Price/Book.

Bear Case : DASH

The primary concerns for DASH are PEG Ratio, Altman Z-Score, Profit Margin. A P/E of 79.5x leaves little room for execution misses.

Key Dynamics to Monitor

ATAT profiles as a growth stock while DASH is a hypergrowth play — different risk/reward profiles.

DASH carries more volatility with a beta of 1.93 — expect wider price swings.

DASH is growing revenue faster at 37.7% — sustainability is the question.

ATAT generates stronger free cash flow (568M), providing more financial flexibility.

Bottom Line

ATAT scores higher overall (74/100 vs 59/100), backed by strong 16.6% margins and 33.8% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Atour Lifestyle Holdings Limited American Depositary Shares

CONSUMER CYCLICAL · LODGING · USA

Atour Lifestyle Holdings Limited, operates a chain of hotels in China. The company is headquartered in Shanghai, China.

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DoorDash, Inc. Class A Common Stock

CONSUMER CYCLICAL · INTERNET RETAIL · USA

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and merchants in the United States and internationally. The company is headquartered in San Francisco, California.

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