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 130 industry peers in the Diversified REITs industry. COLD has a bad profitability rating. Also its financial health evaluation is rather negative. COLD is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year COLD has reported negative net income.
In the past year COLD had a positive cash flow from operations.
COLD had negative earnings in 4 of the past 5 years.
In the past 5 years COLD always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -1.53%, COLD is not doing good in the industry: 68.46% of the companies in the same industry are doing better.
The Return On Equity of COLD (-3.75%) is worse than 66.92% of its industry peers.
With a Return On Invested Capital value of 2.49%, COLD perfoms like the industry average, outperforming 44.62% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for COLD is in line with the industry average of 3.16%.
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 | -1.53% | ||
| ROE | -3.75% | ||
| ROIC | 2.49% |
ROA(3y)-1.91%
ROA(5y)-1.16%
ROE(3y)-4.22%
ROE(5y)-2.56%
ROIC(3y)2.07%
ROIC(5y)1.94%
1.3 Margins
The Operating Margin of COLD (8.55%) is worse than 81.54% of its industry peers.
COLD's Operating Margin has declined in the last couple of years.
COLD's Gross Margin of 32.00% is on the low side compared to the rest of the industry. COLD is outperformed by 89.23% of its industry peers.
COLD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.55% | ||
| PM (TTM) | N/A | ||
| GM | 32% |
OM growth 3Y22.37%
OM growth 5Y-3.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.04%
GM growth 5Y3.44%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), COLD is destroying value.
Compared to 1 year ago, COLD has about the same amount of shares outstanding.
The number of shares outstanding for COLD has been increased compared to 5 years ago.
COLD has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.57, we must say that COLD is in the distress zone and 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 51.54% of its industry peers.
The Debt to FCF ratio of COLD is 942.75, which is on the high side as it means it would take COLD, 942.75 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 942.75, COLD perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
A Debt/Equity ratio of 1.18 is on the high side and indicates that COLD has dependencies on debt financing.
COLD's Debt to Equity ratio of 1.18 is in line compared to the rest of the industry. COLD outperforms 53.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 942.75 | ||
| Altman-Z | 0.57 |
ROIC/WACC0.31
WACC7.93%
2.3 Liquidity
COLD has a Current Ratio of 0.61. 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 Current ratio of 0.61. This is in the lower half of the industry: COLD underperforms 70.77% of its industry peers.
COLD has a Quick Ratio of 0.61. This is a bad value and indicates that COLD is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.61, COLD is doing worse than 70.77% of the companies in the same industry.
| 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.
Looking at the last year, COLD shows a decrease in Revenue. The Revenue has decreased by -1.17% in the last year.
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 5.86% on average over the next years.
EPS Next Y160.6%
EPS Next 2Y71.87%
EPS Next 3Y43.82%
EPS Next 5Y26.89%
Revenue Next Year-0.58%
Revenue Next 2Y2.41%
Revenue Next 3Y3.87%
Revenue Next 5Y5.86%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
COLD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 51.33, which means the current valuation is very expensive for COLD.
The rest of the industry has a similar Price/Forward Earnings ratio as COLD.
COLD is valuated expensively when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 51.33 |
4.2 Price Multiples
COLD's Enterprise Value to EBITDA is on the same level as the industry average.
COLD's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1185.19 | ||
| EV/EBITDA | 14.52 |
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.
A more expensive valuation may be justified as COLD's earnings are expected to grow with 43.82% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y71.87%
EPS Next 3Y43.82%
5. Dividend
5.1 Amount
COLD has a Yearly Dividend Yield of 5.45%, which is a nice return.
COLD's Dividend Yield is comparable with the industry average which is at 6.64.
COLD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
5.2 History
The dividend of COLD has a limited annual growth rate of 2.18%.
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)2.18%
Div Incr Years0
Div Non Decr Years6
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-210.47%
EPS Next 2Y71.87%
EPS Next 3Y43.82%
16.65
+0.02 (+0.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners116.31%
Inst Owner Change3.81%
Ins Owners0.05%
Ins Owner Change0.67%
Market Cap4.74B
Analysts81
Price Target24.17 (45.17%)
Short Float %2.58%
Short Ratio2.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.45% |
Yearly Dividend0.89
Dividend Growth(5Y)2.18%
DP-210.47%
Div Incr Years0
Div Non Decr Years6
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)-10.2%
PT rev (3m)-13.62%
EPS NQ rev (1m)-12.5%
EPS NQ rev (3m)-27.08%
EPS NY rev (1m)-42.83%
EPS NY rev (3m)-52.1%
Revenue NQ rev (1m)-1.12%
Revenue NQ rev (3m)-4.23%
Revenue NY rev (1m)-2.01%
Revenue NY rev (3m)-4.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 51.33 | ||
| P/S | 1.8 | ||
| P/FCF | 1185.19 | ||
| P/OCF | 12.48 | ||
| P/B | 1.49 | ||
| P/tB | 3.11 | ||
| EV/EBITDA | 14.52 |
EPS(TTM)-0.43
EYN/A
EPS(NY)0.32
Fwd EY1.95%
FCF(TTM)0.01
FCFY0.08%
OCF(TTM)1.33
OCFY8.02%
SpS9.24
BVpS11.2
TBVpS5.35
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.53% | ||
| ROE | -3.75% | ||
| ROCE | 3.15% | ||
| ROIC | 2.49% | ||
| ROICexc | 2.5% | ||
| ROICexgc | 3.43% | ||
| OM | 8.55% | ||
| PM (TTM) | N/A | ||
| GM | 32% | ||
| FCFM | 0.15% |
ROA(3y)-1.91%
ROA(5y)-1.16%
ROE(3y)-4.22%
ROE(5y)-2.56%
ROIC(3y)2.07%
ROIC(5y)1.94%
ROICexc(3y)2.08%
ROICexc(5y)2%
ROICexgc(3y)2.85%
ROICexgc(5y)2.73%
ROCE(3y)2.62%
ROCE(5y)2.46%
ROICexcg growth 3Y22.86%
ROICexcg growth 5Y-6.43%
ROICexc growth 3Y23.99%
ROICexc growth 5Y-8.35%
OM growth 3Y22.37%
OM growth 5Y-3.36%
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 | 942.75 | ||
| Debt/EBITDA | 6.47 | ||
| Cap/Depr | 105.03% | ||
| Cap/Sales | 14.29% | ||
| Interest Coverage | 1.51 | ||
| Cash Conversion | 65.18% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 0.57 |
F-Score5
WACC7.93%
ROIC/WACC0.31
Cap/Depr(3y)92.08%
Cap/Depr(5y)123.28%
Cap/Sales(3y)11.67%
Cap/Sales(5y)14.67%
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 Y160.6%
EPS Next 2Y71.87%
EPS Next 3Y43.82%
EPS Next 5Y26.89%
Revenue 1Y (TTM)-1.17%
Revenue growth 3Y-0.6%
Revenue growth 5Y8.37%
Sales Q2Q%-5.41%
Revenue Next Year-0.58%
Revenue Next 2Y2.41%
Revenue Next 3Y3.87%
Revenue Next 5Y5.86%
EBIT growth 1Y10.14%
EBIT growth 3Y21.64%
EBIT growth 5Y4.74%
EBIT Next Year184.3%
EBIT Next 3Y48.94%
EBIT Next 5Y30.77%
FCF growth 1Y-85.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.6%
OCF growth 3Y14.69%
OCF growth 5Y11.77%