AMERICOLD REALTY TRUST INC (COLD)
US03064D1081 - REIT
We assign a fundamental rating of 2 out of 10 to COLD. COLD was compared to 126 industry peers in the Diversified REITs industry. COLD may be in some trouble as it scores bad on both profitability and health. COLD has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
COLD had negative earnings in the past year.
COLD had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: COLD reported negative net income in multiple years.
COLD had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.33%, COLD is doing worse than 73.17% of the companies in the same industry.
The Return On Equity of COLD (-2.71%) is worse than 68.29% of its industry peers.
With a Return On Invested Capital value of 1.93%, COLD is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for COLD is in line with the industry average of 2.95%.
The 3 year average ROIC (1.65%) for COLD is below the current ROIC(1.93%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.33% | ||
| ROE | -2.71% | ||
| ROIC | 1.93% |
ROA(3y)-1.63%
ROA(5y)-0.68%
ROE(3y)-3.52%
ROE(5y)-1.46%
ROIC(3y)1.65%
ROIC(5y)2.19%
1.3 Margins
With a Operating Margin value of 6.54%, COLD is not doing good in the industry: 86.99% of the companies in the same industry are doing better.
COLD's Operating Margin has declined in the last couple of years.
COLD's Gross Margin of 27.58% is on the low side compared to the rest of the industry. COLD is outperformed by 93.50% of its industry peers.
COLD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.54% | ||
| PM (TTM) | N/A | ||
| GM | 27.58% |
OM growth 3Y-9.54%
OM growth 5Y-8.03%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.28%
GM growth 5Y2.65%
2. Health
2.1 Basic Checks
COLD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
COLD has more shares outstanding than it did 1 year ago.
COLD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, COLD has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.01, we must say that COLD is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.01, COLD is in the better half of the industry, outperforming 74.80% of the companies in the same industry.
The Debt to FCF ratio of COLD is 130.26, which is on the high side as it means it would take COLD, 130.26 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 130.26, COLD perfoms like the industry average, outperforming 43.90% of the companies in the same industry.
A Debt/Equity ratio of 0.80 indicates that COLD is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.80, COLD is doing good in the industry, outperforming 67.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 130.26 | ||
| Altman-Z | 1.01 |
ROIC/WACC0.26
WACC7.32%
2.3 Liquidity
COLD has a Current Ratio of 0.64. This is a bad value and indicates that COLD is not financially healthy enough and could expect problems in meeting its short term obligations.
COLD's Current ratio of 0.64 is on the low side compared to the rest of the industry. COLD is outperformed by 75.61% of its industry peers.
COLD has a Quick Ratio of 0.64. This is a bad value and indicates that COLD is not financially healthy enough and could expect problems in meeting its short term obligations.
COLD has a worse Quick ratio (0.64) than 72.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
The earnings per share for COLD have decreased strongly by -263.64% in the last year.
Looking at the last year, COLD shows a decrease in Revenue. The Revenue has decreased by -6.68% in the last year.
COLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.76% yearly.
EPS 1Y (TTM)-263.64%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q66.67%
Revenue 1Y (TTM)-6.68%
Revenue growth 3Y10.38%
Revenue growth 5Y10.76%
Revenue growth Q2Q-11.86%
3.2 Future
Based on estimates for the next years, COLD will show a very strong growth in Earnings Per Share. The EPS will grow by 36.60% on average per year.
The Revenue is expected to grow by 5.48% on average over the next years.
EPS Next Y62.96%
EPS Next 2Y69.97%
EPS Next 3Y34.71%
EPS Next 5Y36.6%
Revenue Next Year7.21%
Revenue Next 2Y9.94%
Revenue Next 3Y2.04%
Revenue Next 5Y5.48%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for COLD. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 99.51 indicates a quite expensive valuation of COLD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COLD is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.63. COLD is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 99.51 |
4.2 Price Multiples
76.42% of the companies in the same industry are cheaper than COLD, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as COLD.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 261.41 | ||
| EV/EBITDA | 18.25 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
COLD's earnings are expected to grow with 34.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y69.97%
EPS Next 3Y34.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.87%, COLD has a reasonable but not impressive dividend return.
The stock price of COLD dropped by -21.04% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 6.12, COLD is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, COLD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
5.2 History
On average, the dividend of COLD grows each year by 32.86%, which is quite nice.
COLD has been paying a dividend for over 5 years, so it has already some track record.
As COLD did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)32.86%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
The earnings of COLD are negative and hence is the payout ratio. COLD will probably not be able to sustain this dividend level.
COLD's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP-224.12%
EPS Next 2Y69.97%
EPS Next 3Y34.71%
AMERICOLD REALTY TRUST INC
NYSE:COLD (4/25/2024, 7:04:00 PM)
After market: 22.33 0 (0%)22.33
-0.19 (-0.84%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.33B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 99.51 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.33% | ||
| ROE | -2.71% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.54% | ||
| PM (TTM) | N/A | ||
| GM | 27.58% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-263.64%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y62.96%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.68%
Revenue growth 3Y10.38%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y