Americold Realty (COLD) AI Stock Analysis

• Market Cap: $5.54B
• Dividend Yield: 4.58%
• Average Volume (3M): 2.57M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.56
• Revenue Growth: -0.25%
• EPS Growth: 72.06%
• Country: US
• Employees: 13,755
• Sector: Real Estate
• Sector Strength: 75
• Industry: REIT - Industrial
• EPS (TTM): -0.33
• Shares Outstanding: 284,719,600
• 10 Day Avg. Volume: 3,281,675
• 30 Day Avg. Volume: 2,574,374
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.27
• Price to Cash Flow (P/CF): 9.30
• P/FCF Ratio: 1.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $25.67
• Price Target Upside: 30.84% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

Americold Realty's stock is moderately rated due to significant challenges in profitability and cash generation, despite operational improvements and strategic expansions. The stock's valuation is impacted by unprofitability, though the dividend yield offers some investor appeal. Technical indicators suggest a neutral trend, while the earnings call provides a mixed outlook with both opportunities and risks.

Positive Factors

Automation Development

The company announced a $148MM automation development in Dallas-Ft. Worth.

Financial Performance

4Q AFFO per share beat consensus and estimates, mostly due to cost savings.

Service Margins

Service margins improved and are expected to be sustainable.

Negative Factors

Occupancy Levels

Economic occupancy was down 140bps sequentially to 76.7% and is expected to continue declining.

Operating Outlook

The core operating outlook was reduced, and Q3 metrics were soft, though somewhat anticipated.

Rent per Pallet

Rent per pallet was weaker than expected, with a smaller increase than assumed.

Americold Realty Business Overview & Revenue Model

Company Description

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina. Americold's facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.

How the Company Makes Money

Americold Realty Trust primarily generates revenue through leasing its temperature-controlled warehouse space to tenants in the food industry. Its revenue model is centered around long-term contracts with food producers, distributors, and retailers who require reliable cold storage solutions. The company also earns income from value-added services such as inventory management, transportation, and logistics support, which complement its core warehousing services. Additionally, Americold's strategic partnerships and acquisitions help expand its network and customer base, further enhancing its revenue potential. The company's earnings are significantly influenced by factors such as location, facility utilization rates, and the overall demand for cold storage solutions in the food supply chain.

Americold Realty Financial Statement Overview

Summary

Americold Realty faces challenges in profitability and cash generation, with consistent net losses impacting overall financial health. While the company maintains a balanced leverage position, its ability to generate returns on equity is concerning. Stability in cash flows provides some reassurance, but the inconsistency in free cash flow growth and revenue calls for strategic improvements.

Income Statement

Americold Realty has faced challenges with profitability, evidenced by consistent net losses over the years. The company demonstrated a negative net profit margin in 2024 and 2023, highlighting its struggle to convert revenue into profit. Revenue growth has been inconsistent, with a decline noted in recent years. While gross profit margins were positive in 2024, the EBIT and EBITDA margins were lower than ideal, indicating operational inefficiencies.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, reflecting a balanced approach to leveraging. However, the return on equity is negative, indicating that the company is not generating a profit from shareholders' investments. The equity ratio is relatively stable, suggesting that a reasonable proportion of assets are financed by equity.

Cash Flow

Americold Realty's cash flow statement reflects a modest operating cash flow, but free cash flow growth has been inconsistent, with periods of negative free cash flow in previous years. The operating cash flow to net income ratio indicates that the company is generating cash despite net losses, but the free cash flow to net income ratio suggests limited cash available for reinvestment or dividends.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.67B	2.67B	2.91B	2.71B	1.99B
	Gross Profit
2.67B	770.57M	695.96M	629.67M	551.50M
	EBIT
124.01M	-108.31M	127.59M	128.49M	168.45M
	EBITDA
392.96M	165.76M	467.14M	448.33M	325.15M
	Net Income Common Stockholders
-94.31M	-336.21M	-19.47M	-30.31M	24.54M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
47.65M	60.39M	53.06M	82.96M	621.05M
	Total Assets
7.74B	7.87B	8.10B	8.22B	7.83B
	Total Debt
3.68B	3.49B	3.58B	3.42B	3.23B
	Net Debt
3.63B	3.43B	3.53B	3.34B	2.61B
	Total Liabilities
4.43B	4.23B	4.32B	4.19B	4.04B
	Stockholders Equity
3.28B	3.62B	3.77B	4.02B	3.79B
Cash Flow		Free Cash Flow
102.42M	35.92M	-22.95M	-218.77M	-108.67M
	Operating Cash Flow
411.88M	366.15M	300.00M	273.06M	293.68M
	Investing Cash Flow
-313.18M	-357.07M	-348.49M	-1.24B	-2.25B
	Financing Cash Flow
-106.78M	-285.00K	23.32M	431.49M	2.33B

Americold Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 19.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COLD, the sentiment is Negative. The current price of 19.62 is below the 20-day moving average (MA) of 20.30, below the 50-day MA of 21.12, and below the 200-day MA of 24.09, indicating a bearish trend. The MACD of -0.63 indicates Positive momentum. The RSI at 44.96 is Neutral, neither overbought nor oversold. The STOCH value of 67.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COLD.

Americold Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLYM	78 Outperform	$651.48M	4.62	25.95%	6.78%	-0.75%	1514.44%
IIPR	75 Outperform	$1.44B	9.20	8.20%	15.05%	-0.32%	-4.24%
CUBE	73 Outperform	$8.82B	22.25	13.80%	5.32%	1.51%	-5.16%
NSA	64 Neutral	$4.79B	29.97	8.92%	6.37%	-10.22%	-27.58%
Sector *	60 Neutral	$3.00B	12.40	0.61%	9872.56%	7.62%	-2.59%
LINE	60 Neutral	$12.25B	―	-7.69%	1.68%	―	―
COLD	52 Neutral	$5.54B	―	-2.73%	4.58%	-0.25%	72.06%

Americold Realty Corporate Events

Americold Realty Reports Strong 2024 Financial Performance

Americold Realty Trust reported strong performance for the fourth quarter and full year of 2024, achieving significant growth in key metrics including a 16% increase in its Adjusted Funds from Operations (FFO) per share and a $125 million increase in Same Store Warehouse Services Net Operating Income (NOI). Despite a decrease in total revenues, the company improved its warehouse services margins and announced several strategic expansions, including a $79 million development in Canada and a $34 million expansion in New Zealand, which are expected to create long-term shareholder value.