Logo image of COLD

AMERICOLD REALTY TRUST INC (COLD) Stock Fundamental Analysis

USA - NYSE:COLD - US03064D1081 - REIT

13.64 USD
-0.02 (-0.15%)
Last: 10/23/2025, 8:04:00 PM
13.7 USD
+0.06 (+0.44%)
After Hours: 10/23/2025, 8:04:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to COLD. COLD was compared to 127 industry peers in the Diversified REITs industry. Both the profitability and financial health of COLD have multiple concerns. COLD has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

Quickly go to:

3

1. Profitability

1.1 Basic Checks

In the past year COLD has reported negative net income.
COLD had a positive operating cash flow in the past year.
In the past 5 years COLD reported 4 times negative net income.
COLD had a positive operating cash flow in each of the past 5 years.
COLD Yearly Net Income VS EBIT VS OCF VS FCFCOLD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

COLD has a Return On Assets of -0.68%. This is in the lower half of the industry: COLD underperforms 62.99% of its industry peers.
The Return On Equity of COLD (-1.76%) is worse than 63.78% of its industry peers.
With a Return On Invested Capital value of 2.29%, COLD perfoms like the industry average, outperforming 44.09% of the companies in the same industry.
COLD had an Average Return On Invested Capital over the past 3 years of 2.07%. This is in line with the industry average of 3.04%.
The last Return On Invested Capital (2.29%) for COLD is above the 3 year average (2.07%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.68%
ROE -1.76%
ROIC 2.29%
ROA(3y)-1.91%
ROA(5y)-1.16%
ROE(3y)-4.23%
ROE(5y)-2.56%
ROIC(3y)2.07%
ROIC(5y)1.95%
COLD Yearly ROA, ROE, ROICCOLD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10 -15

1.3 Margins

COLD has a Operating Margin of 8.13%. This is in the lower half of the industry: COLD underperforms 79.53% of its industry peers.
In the last couple of years the Operating Margin of COLD has declined.
Looking at the Gross Margin, with a value of 31.98%, COLD is doing worse than 88.98% of the companies in the same industry.
COLD's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.13%
PM (TTM) N/A
GM 31.98%
OM growth 3Y22.51%
OM growth 5Y-3.29%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.04%
GM growth 5Y3.44%
COLD Yearly Profit, Operating, Gross MarginsCOLD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

More info and screens

1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so COLD is destroying value.
Compared to 1 year ago, COLD has about the same amount of shares outstanding.
Compared to 5 years ago, COLD has more shares outstanding
The debt/assets ratio for COLD is higher compared to a year ago.
COLD Yearly Shares OutstandingCOLD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
COLD Yearly Total Debt VS Total AssetsCOLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

COLD has an Altman-Z score of 0.41. This is a bad value and indicates that COLD is not financially healthy and even has some risk of bankruptcy.
COLD has a Altman-Z score (0.41) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.29 is on the high side and indicates that COLD has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.29, COLD is in line with its industry, outperforming 48.82% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF N/A
Altman-Z 0.41
ROIC/WACC0.38
WACC6.1%
COLD Yearly LT Debt VS Equity VS FCFCOLD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 0.62 indicates that COLD may have some problems paying its short term obligations.
COLD's Current ratio of 0.62 is on the low side compared to the rest of the industry. COLD is outperformed by 72.44% of its industry peers.
COLD has a Quick Ratio of 0.62. 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 (0.62) than 72.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.62
Quick Ratio 0.62
COLD Yearly Current Assets VS Current LiabilitesCOLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

More info and screens

3

3. Growth

3.1 Past

COLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 81.19%, which is quite impressive.
The Revenue has decreased by -1.98% in the past year.
Measured over the past years, COLD shows a quite strong growth in Revenue. The Revenue has been growing by 8.37% on average per year.
EPS 1Y (TTM)81.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%104.35%
Revenue 1Y (TTM)-1.98%
Revenue growth 3Y-0.6%
Revenue growth 5Y8.37%
Sales Q2Q%-1.54%

3.2 Future

COLD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.92% yearly.
COLD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.53% yearly.
EPS Next Y106%
EPS Next 2Y57.86%
EPS Next 3Y38.03%
EPS Next 5Y19.92%
Revenue Next Year-3.17%
Revenue Next 2Y0.05%
Revenue Next 3Y2.28%
Revenue Next 5Y4.53%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
COLD Yearly Revenue VS EstimatesCOLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B 4B
COLD Yearly EPS VS EstimatesCOLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 0.5 -0.5 1 -1

More info and screens

2

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 81.54 indicates a quite expensive valuation of COLD.
COLD's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.33, COLD is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 81.54
COLD Price Earnings VS Forward Price EarningsCOLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COLD is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.69
COLD Per share dataCOLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
COLD's earnings are expected to grow with 38.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y57.86%
EPS Next 3Y38.03%

More info and screens

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.73%, COLD is a good candidate for dividend investing.
COLD's Dividend Yield is a higher than the industry average which is at 6.23.
Compared to an average S&P500 Dividend Yield of 2.35, COLD pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.73%

5.2 History

The dividend of COLD has a limited annual growth rate of 2.19%.
COLD has been paying a dividend for over 5 years, so it has already some track record.
COLD has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)2.19%
Div Incr Years0
Div Non Decr Years6
COLD Yearly Dividends per shareCOLD Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

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 more than its dividend. This makes the dividend growth sustainable.
DP-466.83%
EPS Next 2Y57.86%
EPS Next 3Y38.03%
COLD Yearly Income VS Free CF VS DividendCOLD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M -300M

More info and screens

AMERICOLD REALTY TRUST INC

NYSE:COLD (10/23/2025, 8:04:00 PM)

After market: 13.7 +0.06 (+0.44%)

13.64

-0.02 (-0.15%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)08-07 2025-08-07/bmo
Earnings (Next)11-06 2025-11-06/amc
Inst Owners116.08%
Inst Owner Change0.27%
Ins Owners0.05%
Ins Owner Change0.59%
Market Cap3.88B
Revenue(TTM)2.62B
Net Income(TTM)-54785000
Analysts78
Price Target19.14 (40.32%)
Short Float %4.63%
Short Ratio2.62
Dividend
Industry RankSector Rank
Dividend Yield 6.73%
Yearly Dividend0.89
Dividend Growth(5Y)2.19%
DP-466.83%
Div Incr Years0
Div Non Decr Years6
Ex-Date09-30 2025-09-30 (0.23)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-147.84%
Min EPS beat(2)-208.93%
Max EPS beat(2)-86.75%
EPS beat(4)0
Avg EPS beat(4)-161.82%
Min EPS beat(4)-241.61%
Max EPS beat(4)-86.75%
EPS beat(8)1
Avg EPS beat(8)-270.86%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.82%
Min Revenue beat(2)-7.47%
Max Revenue beat(2)-0.17%
Revenue beat(4)0
Avg Revenue beat(4)-3.84%
Min Revenue beat(4)-7.47%
Max Revenue beat(4)-0.17%
Revenue beat(8)0
Avg Revenue beat(8)-4.47%
Revenue beat(12)0
Avg Revenue beat(12)-5.21%
Revenue beat(16)4
Avg Revenue beat(16)0.36%
PT rev (1m)-2.4%
PT rev (3m)-20.78%
EPS NQ rev (1m)-13.64%
EPS NQ rev (3m)-44.12%
EPS NY rev (1m)-50%
EPS NY rev (3m)-89.9%
Revenue NQ rev (1m)-0.58%
Revenue NQ rev (3m)-3.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 81.54
P/S 1.48
P/FCF N/A
P/OCF 10.69
P/B 1.25
P/tB 2.69
EV/EBITDA 13.69
EPS(TTM)-0.19
EYN/A
EPS(NY)0.17
Fwd EY1.23%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)1.28
OCFY9.35%
SpS9.2
BVpS10.93
TBVpS5.08
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.68%
ROE -1.76%
ROCE 2.9%
ROIC 2.29%
ROICexc 2.33%
ROICexgc 3.18%
OM 8.13%
PM (TTM) N/A
GM 31.98%
FCFM N/A
ROA(3y)-1.91%
ROA(5y)-1.16%
ROE(3y)-4.23%
ROE(5y)-2.56%
ROIC(3y)2.07%
ROIC(5y)1.95%
ROICexc(3y)2.09%
ROICexc(5y)2%
ROICexgc(3y)2.85%
ROICexgc(5y)2.73%
ROCE(3y)2.62%
ROCE(5y)2.46%
ROICexgc growth 3Y22.99%
ROICexgc growth 5Y-6.37%
ROICexc growth 3Y24.13%
ROICexc growth 5Y-8.28%
OM growth 3Y22.51%
OM growth 5Y-3.29%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.04%
GM growth 5Y3.44%
F-Score6
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF N/A
Debt/EBITDA 7.06
Cap/Depr 136.96%
Cap/Sales 18.73%
Interest Coverage 1.72
Cash Conversion 63.61%
Profit Quality N/A
Current Ratio 0.62
Quick Ratio 0.62
Altman-Z 0.41
F-Score6
WACC6.1%
ROIC/WACC0.38
Cap/Depr(3y)92.19%
Cap/Depr(5y)123.35%
Cap/Sales(3y)11.68%
Cap/Sales(5y)14.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)81.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%104.35%
EPS Next Y106%
EPS Next 2Y57.86%
EPS Next 3Y38.03%
EPS Next 5Y19.92%
Revenue 1Y (TTM)-1.98%
Revenue growth 3Y-0.6%
Revenue growth 5Y8.37%
Sales Q2Q%-1.54%
Revenue Next Year-3.17%
Revenue Next 2Y0.05%
Revenue Next 3Y2.28%
Revenue Next 5Y4.53%
EBIT growth 1Y-5.74%
EBIT growth 3Y21.78%
EBIT growth 5Y4.81%
EBIT Next Year172.72%
EBIT Next 3Y46.5%
EBIT Next 5Y28.44%
FCF growth 1Y-288.05%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y45.59%
OCF growth 3Y14.68%
OCF growth 5Y11.76%