Americold Realty Trust

Real Estate
Real Estate Investment Trusts
www.americold.com

Moat Score
Safety Score

Market Cap $6.60B
PE -23
Debt $3.38B
Cash $61.27M
EV $9.93B
FCF $141.81M

Earnings

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Sales & Net Margins

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Earnings	-$285.14M
EBIT	-$58.94M
ROE	-8%
ROA	-1%
FCF	$141.81M
Equity	$3.39B
Growth Stability	1
PE	-23.16
PB	1.95
P/FCF	46.58
P/S	2.47
Price/Cash	0.01
Debt/Equity	1
Debt/FCF	23.86
Net Margins	-3%
Op. Margins	-2%
Sales Growth YoY	1%
Sales Growth QoQ	2%
Sales CAGR	9%
FCF CAGR	3%
Equity CAGR	9%
Earnings Growth YoY	78%
Earnings Growth QoQ	-94%

Sales CAGR 5Y	1%
FCF CAGR 5Y	4%
Equity CAGR 5Y	-2%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	58%
Equity CAGR 3Y	-5%
Market Cap	$6.60B
Revenue	$2.68B
Dividend Yield	4%
Payout Ratio	-88%
Assets	$7.89B
Total Debt	$3.38B
Cash	$61.27M
Shares Outstanding	284.08M
EV	9.93B
Moat Score	12%
Safety Score	72%
Shares Growth 3y	3%
Equity Growth QoQ	-2%
Equity Growth YoY	-14%

Assets & ROA

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Stockholders Equity & ROE

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Americold Realty Trust Inc is the largest global owner and operator of temperature-controlled warehouses in the United States. The Atlanta, Georgia, based firm derives about 85% of its revenue from the U.S. but has sizable operations in Canada, Australia, and New Zealand. Americold supplements its core business by providing supply management and transportation services to its various customers. It operates as a real estate investment trust.

SEC Filings

Direct access to Americold Realty Trust (COLD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Americold Realty Trust compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Americold Realty Trust compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Americold Realty Trust Discounted Cash Flow

Fully customizable DCF calculator online for Americold Realty Trust.

Years

Calculation mode

= $1.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$142M	$147M	$152M	$157M	$162M	$168M	$174M	$180M	$186M	$192M	$199M	$2B
DCF		$133M	$125M	$118M	$111M	$104M	$98M	$92M	$87M	$82M	$77M	$767M
Value	$1.8B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2016	12/2017	10/2019	12/2021	12/2022	12/2023	TTM
Net Margins	-2%	-2%	-	-1%	-1%	-13%	-3%
ROA	-	6%	-	1%	1%	-1%	-1%
ROE	-	16%	-	-1%	-1%	-9%	-8%

Bad Net Margins (-2.92%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2016	12/2017	10/2019	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-17.28	-368.31	29.54	23.86
Debt over Equity	-	-	-	0.71	0.81	0.83	1
Growth Stability	-	-	-	-	-	-	1

Bad Debt/FCF ratio (23.86)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (1)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2016	12/2017	10/2019	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	4%	-	-	7%	-8%	1%
Earnings YoY growth	-	22%	-	-	-36%	2K%	-
Equity YoY growth	-	25%	-	-	-6%	-4%	-2%
FCF YoY growth	-	-67%	-	-	-95%	-1K%	4%