AMERICOLD REALTY TRUST INC (COLD) Stock Fundamental Analysis
NYSE:COLD - New York Stock Exchange, Inc. - US03064D1081 - REIT - Currency: USD
We assign a fundamental rating of 3 out of 10 to COLD. COLD was compared to 129 industry peers in the Diversified REITs industry. COLD may be in some trouble as it scores bad on both profitability and health. COLD is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
COLD had negative earnings in the past year.
In the past year COLD had a positive cash flow from operations.
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.
1.2 Ratios
COLD's Return On Assets of -1.54% is on the low side compared to the rest of the industry. COLD is outperformed by 69.77% of its industry peers.
COLD has a Return On Equity of -3.77%. This is in the lower half of the industry: COLD underperforms 67.44% of its industry peers.
COLD has a Return On Invested Capital (2.49%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for COLD is in line with the industry average of 3.15%.
The 3 year average ROIC (2.07%) for COLD is below the current ROIC(2.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.54% | ||
| ROE | -3.77% | ||
| ROIC | 2.49% |
ROA(3y)-1.91%
ROA(5y)-1.16%
ROE(3y)-4.23%
ROE(5y)-2.56%
ROIC(3y)2.07%
ROIC(5y)1.95%
1.3 Margins
COLD's Operating Margin of 8.56% is on the low side compared to the rest of the industry. COLD is outperformed by 80.62% of its industry peers.
COLD's Operating Margin has declined in the last couple of years.
COLD has a Gross Margin of 32.00%. This is amonst the worse of the industry: COLD underperforms 89.15% of its industry peers.
In the last couple of years the Gross Margin of COLD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.56% | ||
| PM (TTM) | N/A | ||
| GM | 32% |
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%
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.
Compared to 1 year ago, COLD has about the same amount of shares outstanding.
Compared to 5 years ago, COLD has more shares outstanding
COLD has a worse debt/assets ratio than last year.
2.2 Solvency
COLD has an Altman-Z score of 0.57. This is a bad value and indicates that COLD is not financially healthy and even has some risk of bankruptcy.
COLD's Altman-Z score of 0.57 is in line compared to the rest of the industry. COLD outperforms 51.94% of its industry peers.
The Debt to FCF ratio of COLD is 981.53, which is on the high side as it means it would take COLD, 981.53 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of COLD (981.53) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.18 is on the high side and indicates that COLD has dependencies on debt financing.
COLD has a Debt to Equity ratio (1.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 981.53 | ||
| Altman-Z | 0.57 |
ROIC/WACC0.38
WACC6.6%
2.3 Liquidity
A Current Ratio of 0.61 indicates that COLD may have some problems paying its short term obligations.
COLD's Current ratio of 0.61 is on the low side compared to the rest of the industry. COLD is outperformed by 71.32% of its industry peers.
A Quick Ratio of 0.61 indicates that COLD may have some problems paying its short term obligations.
COLD has a worse Quick ratio (0.61) than 71.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
COLD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.25%, which is quite impressive.
COLD shows a decrease in Revenue. In the last year, the revenue decreased by -1.17%.
COLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.37% yearly.
EPS 1Y (TTM)63.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-300%
Revenue 1Y (TTM)-1.17%
Revenue growth 3Y-0.6%
Revenue growth 5Y8.37%
Sales Q2Q%-5.41%
3.2 Future
The Earnings Per Share is expected to grow by 26.89% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 6.54% on average over the next years.
EPS Next Y206%
EPS Next 2Y84.26%
EPS Next 3Y44.06%
EPS Next 5Y26.89%
Revenue Next Year1.46%
Revenue Next 2Y3.47%
Revenue Next 3Y4.71%
Revenue Next 5Y6.54%
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 35.06 indicates a quite expensive valuation of COLD.
70.54% of the companies in the same industry are more expensive than COLD, based on the Price/Forward Earnings ratio.
COLD is valuated expensively when we compare the Price/Forward Earnings ratio to 22.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 35.06 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as COLD.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COLD is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1232.45 | ||
| EV/EBITDA | 14.53 |
4.3 Compensation for Growth
COLD's 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 44.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y84.26%
EPS Next 3Y44.06%
5. Dividend
5.1 Amount
COLD has a Yearly Dividend Yield of 5.37%, which is a nice return.
The stock price of COLD dropped by -27.47% 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.
COLD's Dividend Yield is comparable with the industry average which is at 6.93.
Compared to an average S&P500 Dividend Yield of 2.40, COLD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
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.
As COLD did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)2.19%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
COLD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of COLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-209.64%
EPS Next 2Y84.26%
EPS Next 3Y44.06%
16.63
-0.19 (-1.13%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners113.39%
Inst Owner Change3.78%
Ins Owners0.11%
Ins Owner Change0.64%
Market Cap4.74B
Analysts82
Price Target26.91 (61.82%)
Short Float %2.33%
Short Ratio2.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
Yearly Dividend0.89
Dividend Growth(5Y)2.19%
DP-209.64%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-225.27%
Min EPS beat(2)-241.61%
Max EPS beat(2)-208.93%
EPS beat(4)0
Avg EPS beat(4)-267.62%
Min EPS beat(4)-509.98%
Max EPS beat(4)-109.97%
EPS beat(8)1
Avg EPS beat(8)-591.15%
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)-5.98%
Min Revenue beat(2)-7.47%
Max Revenue beat(2)-4.48%
Revenue beat(4)0
Avg Revenue beat(4)-4.4%
Min Revenue beat(4)-7.47%
Max Revenue beat(4)-2.41%
Revenue beat(8)0
Avg Revenue beat(8)-5.67%
Revenue beat(12)1
Avg Revenue beat(12)-4.87%
Revenue beat(16)5
Avg Revenue beat(16)2.39%
PT rev (1m)-3.38%
PT rev (3m)-4.8%
EPS NQ rev (1m)-14.89%
EPS NQ rev (3m)-20%
EPS NY rev (1m)-6.61%
EPS NY rev (3m)-16.21%
Revenue NQ rev (1m)-2.7%
Revenue NQ rev (3m)-4.81%
Revenue NY rev (1m)-1.49%
Revenue NY rev (3m)-2.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 35.06 | ||
| P/S | 1.8 | ||
| P/FCF | 1232.45 | ||
| P/OCF | 12.46 | ||
| P/B | 1.48 | ||
| P/tB | 3.11 | ||
| EV/EBITDA | 14.53 |
EPS(TTM)-0.43
EYN/A
EPS(NY)0.47
Fwd EY2.85%
FCF(TTM)0.01
FCFY0.08%
OCF(TTM)1.33
OCFY8.03%
SpS9.24
BVpS11.21
TBVpS5.35
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.54% | ||
| ROE | -3.77% | ||
| ROCE | 3.15% | ||
| ROIC | 2.49% | ||
| ROICexc | 2.5% | ||
| ROICexgc | 3.43% | ||
| OM | 8.56% | ||
| PM (TTM) | N/A | ||
| GM | 32% | ||
| FCFM | 0.15% |
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%
ROICexcg growth 3Y22.99%
ROICexcg 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-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 981.53 | ||
| Debt/EBITDA | 6.47 | ||
| Cap/Depr | 105.18% | ||
| Cap/Sales | 14.3% | ||
| Interest Coverage | 1.51 | ||
| Cash Conversion | 65.22% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 0.57 |
F-Score5
WACC6.6%
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)63.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-300%
EPS Next Y206%
EPS Next 2Y84.26%
EPS Next 3Y44.06%
EPS Next 5Y26.89%
Revenue 1Y (TTM)-1.17%
Revenue growth 3Y-0.6%
Revenue growth 5Y8.37%
Sales Q2Q%-5.41%
Revenue Next Year1.46%
Revenue Next 2Y3.47%
Revenue Next 3Y4.71%
Revenue Next 5Y6.54%
EBIT growth 1Y10.57%
EBIT growth 3Y21.78%
EBIT growth 5Y4.81%
EBIT Next Year184.3%
EBIT Next 3Y48.94%
EBIT Next 5Y30.77%
FCF growth 1Y-85.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.63%
OCF growth 3Y14.68%
OCF growth 5Y11.76%