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AMERICOLD REALTY TRUST INC (COLD) Stock Fundamental Analysis

USA - NYSE:COLD - US03064D1081 - REIT

13.75 USD
+0.1 (+0.73%)
Last: 9/16/2025, 8:07:54 PM
13.63 USD
-0.12 (-0.87%)
Pre-Market: 9/17/2025, 5:30:08 AM
Fundamental Rating

3

COLD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of COLD have multiple concerns. COLD is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

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.
In the past 5 years COLD always reported a positive cash flow from operatings.
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 worse Return On Assets (-0.68%) than 61.54% of its industry peers.
COLD has a Return On Equity of -1.76%. This is in the lower half of the industry: COLD underperforms 62.31% of its industry peers.
COLD has a Return On Invested Capital of 2.29%. This is comparable to the rest of the industry: COLD outperforms 44.62% 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 3.05%.
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

With a Operating Margin value of 8.13%, COLD is not doing good in the industry: 80.77% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of COLD has declined.
COLD has a worse Gross Margin (31.98%) than 89.23% of its industry peers.
In the last couple of years the Gross Margin of COLD has grown nicely.
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

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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.
The number of shares outstanding for COLD has been increased compared to 5 years ago.
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.
Looking at the Altman-Z score, with a value of 0.41, COLD is in line with its industry, outperforming 42.31% of the companies in the same 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 49.23% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF N/A
Altman-Z 0.41
ROIC/WACC0.36
WACC6.41%
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

COLD has a Current 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.
Looking at the Current ratio, with a value of 0.62, COLD is doing worse than 73.08% of the companies in the same industry.
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 Quick ratio of 0.62. This is in the lower half of the industry: COLD underperforms 73.08% 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

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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.
Looking at the last year, COLD shows a decrease in Revenue. The Revenue has decreased by -1.98% 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)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

The Earnings Per Share is expected to grow by 19.92% on average over the next years. This is quite good.
Based on estimates for the next years, COLD will show a small growth in Revenue. The Revenue will grow by 4.82% on average per year.
EPS Next Y112%
EPS Next 2Y53.13%
EPS Next 3Y22.76%
EPS Next 5Y19.92%
Revenue Next Year-3.17%
Revenue Next 2Y0.22%
Revenue Next 3Y2.45%
Revenue Next 5Y4.82%

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

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2

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 117.22, the valuation of COLD can be described as expensive.
COLD's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.71, COLD is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 117.22
COLD Price Earnings VS Forward Price EarningsCOLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 100 150

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 13.73
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
COLD's earnings are expected to grow with 22.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y53.13%
EPS Next 3Y22.76%

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6

5. Dividend

5.1 Amount

COLD has a Yearly Dividend Yield of 6.76%, which is a nice return.
COLD's Dividend Yield is a higher than the industry average which is at 6.66.
Compared to an average S&P500 Dividend Yield of 2.38, COLD pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.76%

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.
The dividend of COLD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-466.83%
EPS Next 2Y53.13%
EPS Next 3Y22.76%
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

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AMERICOLD REALTY TRUST INC

NYSE:COLD (9/16/2025, 8:07:54 PM)

Premarket: 13.63 -0.12 (-0.87%)

13.75

+0.1 (+0.73%)

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)11-05 2025-11-05/amc
Inst Owners117.26%
Inst Owner Change2.28%
Ins Owners0.05%
Ins Owner Change0.59%
Market Cap3.92B
Analysts79
Price Target19.62 (42.69%)
Short Float %3.02%
Short Ratio1.98
Dividend
Industry RankSector Rank
Dividend Yield 6.76%
Yearly Dividend0.89
Dividend Growth(5Y)2.19%
DP-466.83%
Div Incr Years0
Div Non Decr Years6
Ex-Date06-30 2025-06-30 (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)-11.35%
PT rev (3m)-18.83%
EPS NQ rev (1m)-37.14%
EPS NQ rev (3m)-56%
EPS NY rev (1m)-79.8%
EPS NY rev (3m)-88.68%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-7.45%
Revenue NY rev (1m)-1.41%
Revenue NY rev (3m)-3.84%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 117.22
P/S 1.49
P/FCF N/A
P/OCF 10.78
P/B 1.26
P/tB 2.71
EV/EBITDA 13.73
EPS(TTM)-0.19
EYN/A
EPS(NY)0.12
Fwd EY0.85%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)1.28
OCFY9.28%
SpS9.2
BVpS10.93
TBVpS5.08
PEG (NY)N/A
PEG (5Y)N/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%
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 Turnover0.32
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
WACC6.41%
ROIC/WACC0.36
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 Y112%
EPS Next 2Y53.13%
EPS Next 3Y22.76%
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 2Y0.22%
Revenue Next 3Y2.45%
Revenue Next 5Y4.82%
EBIT growth 1Y-5.74%
EBIT growth 3Y21.78%
EBIT growth 5Y4.81%
EBIT Next Year178.1%
EBIT Next 3Y47.61%
EBIT Next 5Y28.45%
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%