AMERICOLD REALTY TRUST INC (COLD) Stock Fundamental Analysis
NYSE:COLD - New York Stock Exchange, Inc. - US03064D1081 - REIT - Currency: USD
COLD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. Both the profitability and financial health of COLD have multiple concerns. While showing a medium growth rate, COLD is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year COLD was profitable.
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 4 of the past 5 years.
1.2 Ratios
COLD has a Return On Assets of -3.61%. This is amonst the worse of the industry: COLD underperforms 82.54% of its industry peers.
COLD has a worse Return On Equity (-8.46%) than 77.78% of its industry peers.
COLD's Return On Invested Capital of 2.60% is in line compared to the rest of the industry. COLD outperforms 48.41% of its industry peers.
The Average Return On Invested Capital over the past 3 years for COLD is in line with the industry average of 3.11%.
The last Return On Invested Capital (2.60%) for COLD is above the 3 year average (1.65%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.61% | ||
| ROE | -8.46% | ||
| ROIC | 2.6% |
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 8.73%, COLD is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
COLD's Operating Margin has declined in the last couple of years.
COLD has a Gross Margin of 31.55%. This is amonst the worse of the industry: COLD underperforms 91.27% of its industry peers.
In the last couple of years the Gross Margin of COLD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.73% | ||
| PM (TTM) | N/A | ||
| GM | 31.55% |
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.
There is no outstanding debt for COLD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of 0.84, we must say that COLD is in the distress zone and has some risk of bankruptcy.
COLD has a Altman-Z score of 0.84. This is in the better half of the industry: COLD outperforms 64.29% of its industry peers.
COLD has a debt to FCF ratio of 29.58. This is a negative value and a sign of low solvency as COLD would need 29.58 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 29.58, COLD is doing good in the industry, outperforming 61.11% of the companies in the same industry.
A Debt/Equity ratio of 1.05 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 1.05, COLD is in line with its industry, outperforming 56.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 29.58 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.37
WACC7.06%
2.3 Liquidity
A Current Ratio of 0.66 indicates that COLD may have some problems paying its short term obligations.
COLD's Current ratio of 0.66 is on the low side compared to the rest of the industry. COLD is outperformed by 73.02% of its industry peers.
A Quick Ratio of 0.66 indicates that COLD may have some problems paying its short term obligations.
COLD has a Quick ratio of 0.66. This is in the lower half of the industry: COLD underperforms 69.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 113.22% over the past year.
The earnings per share for COLD have been decreasing by -12.94% on average. This is quite bad
EPS 1Y (TTM)113.22%
EPS 3YN/A
EPS 5Y-12.94%
EPS Q2Q%146.25%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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 28.52% yearly.
COLD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.30% yearly.
EPS Next Y168.81%
EPS Next 2Y90.21%
EPS Next 3Y39.95%
EPS Next 5Y28.52%
Revenue Next Year4.55%
Revenue Next 2Y6.29%
Revenue Next 3Y7.96%
Revenue Next 5Y7.3%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 138.06, which means the current valuation is very expensive for COLD.
66.67% of the companies in the same industry are cheaper than COLD, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of COLD to the average of the S&P500 Index (29.63), we can say COLD is valued expensively.
A Price/Forward Earnings ratio of 51.36 indicates a quite expensive valuation of COLD.
Based on the Price/Forward Earnings ratio, COLD is valued a bit cheaper than the industry average as 60.32% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of COLD to the average of the S&P500 Index (22.68), we can say COLD is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 138.06 | ||
| Fwd PE | 51.36 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COLD is valued a bit more expensive than the industry average as 67.46% of the companies are valued more cheaply.
COLD's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 52.5 | ||
| EV/EBITDA | 16.39 |
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 39.95% in the coming years.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y90.21%
EPS Next 3Y39.95%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.19%, COLD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 18.48, COLD is paying slightly less dividend.
COLD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
5.2 History
On average, the dividend of COLD grows each year by 9.41%, 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)9.41%
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-88.38%
EPS Next 2Y90.21%
EPS Next 3Y39.95%
22.09
-0.23 (-1.03%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners109.68%
Inst Owner Change-0.83%
Ins Owners0.11%
Ins Owner Change0.02%
Market Cap6.28B
Analysts81
Price Target28.27 (27.98%)
Short Float %3.24%
Short Ratio5.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
Yearly Dividend0.88
Dividend Growth(5Y)9.41%
DP-88.38%
Div Incr Years0
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-309.98%
Min EPS beat(2)-509.98%
Max EPS beat(2)-109.97%
EPS beat(4)1
Avg EPS beat(4)-377.5%
Min EPS beat(4)-900.32%
Max EPS beat(4)10.28%
EPS beat(8)1
Avg EPS beat(8)-568.81%
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)-2.81%
Min Revenue beat(2)-3.22%
Max Revenue beat(2)-2.41%
Revenue beat(4)0
Avg Revenue beat(4)-3.9%
Min Revenue beat(4)-5.91%
Max Revenue beat(4)-2.41%
Revenue beat(8)0
Avg Revenue beat(8)-5.93%
Revenue beat(12)3
Avg Revenue beat(12)-0.55%
Revenue beat(16)7
Avg Revenue beat(16)5.25%
PT rev (1m)-1.27%
PT rev (3m)-11.91%
EPS NQ rev (1m)-5.26%
EPS NQ rev (3m)-12.9%
EPS NY rev (1m)-52.18%
EPS NY rev (3m)-350.02%
Revenue NQ rev (1m)-1.4%
Revenue NQ rev (3m)-1.5%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 138.06 | ||
| Fwd PE | 51.36 | ||
| P/S | 2.34 | ||
| P/FCF | 52.5 | ||
| P/OCF | 14.87 | ||
| P/B | 1.86 | ||
| P/tB | 3.69 | ||
| EV/EBITDA | 16.39 |
EPS(TTM)0.16
EY0.72%
EPS(NY)0.43
Fwd EY1.95%
FCF(TTM)0.42
FCFY1.9%
OCF(TTM)1.49
OCFY6.72%
SpS9.43
BVpS11.85
TBVpS5.99
PEG (NY)0.82
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.61% | ||
| ROE | -8.46% | ||
| ROCE | 3.3% | ||
| ROIC | 2.6% | ||
| ROICexc | 2.63% | ||
| ROICexgc | 3.6% | ||
| OM | 8.73% | ||
| PM (TTM) | N/A | ||
| GM | 31.55% | ||
| FCFM | 4.46% |
ROA(3y)-1.63%
ROA(5y)-0.68%
ROE(3y)-3.52%
ROE(5y)-1.46%
ROIC(3y)1.65%
ROIC(5y)2.19%
ROICexc(3y)1.66%
ROICexc(5y)2.29%
ROICexgc(3y)2.29%
ROICexgc(5y)3.01%
ROCE(3y)2.09%
ROCE(5y)2.77%
ROICexcg growth 3Y-2.86%
ROICexcg growth 5Y-17.6%
ROICexc growth 3Y-3.04%
ROICexc growth 5Y-20.15%
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%
F-Score6
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 29.58 | ||
| Debt/EBITDA | 5.91 | ||
| Cap/Depr | 82.86% | ||
| Cap/Sales | 11.29% | ||
| Interest Coverage | 1.83 | ||
| Cash Conversion | 70.48% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.84 |
F-Score6
WACC7.06%
ROIC/WACC0.37
Cap/Depr(3y)114.86%
Cap/Depr(5y)143.23%
Cap/Sales(3y)13.85%
Cap/Sales(5y)15.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)113.22%
EPS 3YN/A
EPS 5Y-12.94%
EPS Q2Q%146.25%
EPS Next Y168.81%
EPS Next 2Y90.21%
EPS Next 3Y39.95%
EPS Next 5Y28.52%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-1.89%
Revenue Next Year4.55%
Revenue Next 2Y6.29%
Revenue Next 3Y7.96%
Revenue Next 5Y7.3%
EBIT growth 1Y31.6%
EBIT growth 3Y-0.15%
EBIT growth 5Y1.87%
EBIT Next Year302.72%
EBIT Next 3Y71.73%
EBIT Next 5Y38.96%
FCF growth 1Y176.87%
FCF growth 3YN/A
FCF growth 5Y-3.54%
OCF growth 1Y44.74%
OCF growth 3Y7.63%
OCF growth 5Y14.24%