AMERICOLD REALTY TRUST INC (COLD) Stock Fundamental Analysis
NYSE:COLD - New York Stock Exchange, Inc. - US03064D1081 - REIT - Currency: USD
Overall COLD gets a fundamental rating of 3 out of 10. We evaluated COLD against 130 industry peers in the Diversified REITs industry. COLD may be in some trouble as it scores bad on both profitability and health. COLD is valied quite expensively at the moment, while 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.
COLD had negative earnings in 4 of the past 5 years.
Each year in the past 5 years COLD had a positive operating cash flow.
1.2 Ratios
The Return On Assets of COLD (-1.22%) is worse than 67.69% of its industry peers.
Looking at the Return On Equity, with a value of -2.87%, COLD is doing worse than 66.92% of the companies in the same industry.
COLD has a Return On Invested Capital (2.64%) 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 3.20%.
The 3 year average ROIC (2.07%) for COLD is below the current ROIC(2.64%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.22% | ||
| ROE | -2.87% | ||
| ROIC | 2.64% |
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
The Operating Margin of COLD (8.66%) is worse than 79.23% of its industry peers.
COLD's Operating Margin has declined in the last couple of years.
COLD has a Gross Margin of 31.75%. This is amonst the worse of the industry: COLD underperforms 88.46% of its industry peers.
In the last couple of years the Gross Margin of COLD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.66% | ||
| PM (TTM) | N/A | ||
| GM | 31.75% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), COLD is destroying value.
The number of shares outstanding for COLD remains at a similar level compared to 1 year ago.
Compared to 5 years ago, COLD has more shares outstanding
Compared to 1 year ago, COLD has a worse debt to assets ratio.
2.2 Solvency
COLD has an Altman-Z score of 0.73. This is a bad value and indicates that COLD is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.73, COLD is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
COLD has a debt to FCF ratio of 33.80. This is a negative value and a sign of low solvency as COLD would need 33.80 years to pay back of all of its debts.
COLD has a Debt to FCF ratio of 33.80. This is in the better half of the industry: COLD outperforms 61.54% of its industry peers.
A Debt/Equity ratio of 1.06 is on the high side and indicates that COLD has dependencies on debt financing.
COLD has a Debt to Equity ratio (1.06) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 33.8 | ||
| Altman-Z | 0.73 |
ROIC/WACC0.38
WACC6.89%
2.3 Liquidity
A Current Ratio of 0.53 indicates that COLD may have some problems paying its short term obligations.
COLD has a Current ratio of 0.53. This is in the lower half of the industry: COLD underperforms 75.38% of its industry peers.
COLD has a Quick Ratio of 0.53. This is a bad value and indicates that COLD is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of COLD (0.53) is worse than 74.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 71.90% over the past year.
The Revenue has decreased by -0.25% 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)71.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%83.75%
Revenue 1Y (TTM)-0.25%
Revenue growth 3Y-0.6%
Revenue growth 5Y8.37%
Sales Q2Q%-1.89%
3.2 Future
COLD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.89% yearly.
COLD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.54% yearly.
EPS Next Y216%
EPS Next 2Y84.53%
EPS Next 3Y44.06%
EPS Next 5Y26.89%
Revenue Next Year3.17%
Revenue Next 2Y4.38%
Revenue Next 3Y4.73%
Revenue Next 5Y6.54%
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.
Based on the Price/Forward Earnings ratio of 51.24, the valuation of COLD can be described as expensive.
Based on the Price/Forward Earnings ratio, COLD is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of COLD to the average of the S&P500 Index (21.08), we can say COLD is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 51.24 |
4.2 Price Multiples
COLD's Enterprise Value to EBITDA ratio is in line with the industry average.
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 | 56.18 | ||
| EV/EBITDA | 15.5 |
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 2Y84.53%
EPS Next 3Y44.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.88%, COLD is a good candidate for dividend investing.
COLD's Dividend Yield is slightly below the industry average, which is at 28.82.
COLD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
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
The earnings of COLD are negative and hence is the payout ratio. COLD will probably not be able to sustain this dividend level.
The dividend of COLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-267.32%
EPS Next 2Y84.53%
EPS Next 3Y44.06%
20.21
+0.59 (+3.01%)
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 Change0%
Ins Owners0.11%
Ins Owner Change0.2%
Market Cap5.75B
Analysts81
Price Target27.85 (37.8%)
Short Float %1.86%
Short Ratio2.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
Yearly Dividend0.89
Dividend Growth(5Y)2.19%
DP-267.32%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-175.79%
Min EPS beat(2)-241.61%
Max EPS beat(2)-109.97%
EPS beat(4)1
Avg EPS beat(4)-212.82%
Min EPS beat(4)-509.98%
Max EPS beat(4)10.28%
EPS beat(8)1
Avg EPS beat(8)-589.78%
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)-3.85%
Min Revenue beat(2)-4.48%
Max Revenue beat(2)-3.22%
Revenue beat(4)0
Avg Revenue beat(4)-3.55%
Min Revenue beat(4)-4.48%
Max Revenue beat(4)-2.41%
Revenue beat(8)0
Avg Revenue beat(8)-5.51%
Revenue beat(12)2
Avg Revenue beat(12)-2.98%
Revenue beat(16)6
Avg Revenue beat(16)3.65%
PT rev (1m)-0.44%
PT rev (3m)-2.72%
EPS NQ rev (1m)-6.45%
EPS NQ rev (3m)-35.56%
EPS NY rev (1m)-8.3%
EPS NY rev (3m)-11.45%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)-3.99%
Revenue NY rev (1m)-0.98%
Revenue NY rev (3m)-1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 51.24 | ||
| P/S | 2.16 | ||
| P/FCF | 56.18 | ||
| P/OCF | 13.97 | ||
| P/B | 1.75 | ||
| P/tB | 3.47 | ||
| EV/EBITDA | 15.5 |
EPS(TTM)-0.34
EYN/A
EPS(NY)0.39
Fwd EY1.95%
FCF(TTM)0.36
FCFY1.78%
OCF(TTM)1.45
OCFY7.16%
SpS9.37
BVpS11.52
TBVpS5.82
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.22% | ||
| ROE | -2.87% | ||
| ROCE | 3.34% | ||
| ROIC | 2.64% | ||
| ROICexc | 2.66% | ||
| ROICexgc | 3.68% | ||
| OM | 8.66% | ||
| PM (TTM) | N/A | ||
| GM | 31.75% | ||
| FCFM | 3.84% |
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-Score6
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 33.8 | ||
| Debt/EBITDA | 5.85 | ||
| Cap/Depr | 85.77% | ||
| Cap/Sales | 11.61% | ||
| Interest Coverage | 1.89 | ||
| Cash Conversion | 69.62% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 0.73 |
F-Score6
WACC6.89%
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)71.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%83.75%
EPS Next Y216%
EPS Next 2Y84.53%
EPS Next 3Y44.06%
EPS Next 5Y26.89%
Revenue 1Y (TTM)-0.25%
Revenue growth 3Y-0.6%
Revenue growth 5Y8.37%
Sales Q2Q%-1.89%
Revenue Next Year3.17%
Revenue Next 2Y4.38%
Revenue Next 3Y4.73%
Revenue Next 5Y6.54%
EBIT growth 1Y21.48%
EBIT growth 3Y21.78%
EBIT growth 5Y4.81%
EBIT Next Year197.02%
EBIT Next 3Y50.13%
EBIT Next 5Y30.77%
FCF growth 1Y185.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y12.49%
OCF growth 3Y14.68%
OCF growth 5Y11.76%