Americold Realty Trust
Market Cap
US$7.2b
Last Updated
2020/06/02 05:02 UTC
Data Sources
Company Financials +
Executive Summary
Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Acceptable track record second-rate dividend payer.
Share Price & News
How has Americold Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COLD's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.7%
COLD
4.6%
US REITs
2.8%
US Market
1 Year Return
16.1%
COLD
-9.7%
US REITs
9.3%
US Market
Return vs Industry: COLD exceeded the US REITs industry which returned -9.7% over the past year.
Return vs Market: COLD exceeded the US Market which returned 9.3% over the past year.
Shareholder returns
| COLD | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 4.6% | 2.8% |
| 30 Day | 22.1% | 5.6% | 8.9% |
| 90 Day | 7.2% | -14.3% | -0.5% |
| 1 Year | 18.9%16.1% | -5.9%-9.7% | 11.8%9.3% |
| 3 Year | n/a | 11.3%-2.5% | 31.4%22.7% |
| 5 Year | n/a | 42.0%12.7% | 58.7%40.9% |
Price Volatility Vs. Market
How volatile is Americold Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
The Americold Realty Trust (NYSE:COLD) Share Price Has Gained 14% And Shareholders Are Hoping For More1 month ago | Simply Wall St
Americold Realty Trust (NYSE:COLD) Insiders Increased Their Holdings2 months ago | Simply Wall St
Americold Realty Trust Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their ModelsValuation
Is Americold Realty Trust undervalued compared to its fair value and its price relative to the market?
23.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COLD ($35.76) is trading below our estimate of fair value ($46.52)
Significantly Below Fair Value: COLD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COLD is poor value based on its PE Ratio (90.2x) compared to the REITs industry average (27.7x).
PE vs Market: COLD is poor value based on its PE Ratio (90.2x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: COLD is poor value based on its PEG Ratio (5.3x)
Price to Book Ratio
PB vs Industry: COLD is overvalued based on its PB Ratio (3.5x) compared to the US REITs industry average (1.3x).
Next Steps
Future Growth
How is Americold Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
17.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COLD's forecast earnings growth (17% per year) is above the savings rate (2.2%).
Earnings vs Market: COLD's earnings (17% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: COLD's earnings are forecast to grow, but not significantly.
Revenue vs Market: COLD's revenue (6.3% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: COLD's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COLD's Return on Equity is forecast to be low in 3 years time (6.9%).
Next Steps
Past Performance
How has Americold Realty Trust performed over the past 5 years?
77.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COLD has a large one-off loss of $29.1M impacting its March 31 2020 financial results.
Growing Profit Margin: COLD's current net profit margins (4.1%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: COLD has become profitable over the past 5 years, growing earnings by 77.1% per year.
Accelerating Growth: COLD's earnings growth over the past year (47.5%) is below its 5-year average (77.1% per year).
Earnings vs Industry: COLD earnings growth over the past year (47.5%) exceeded the REITs industry 5.3%.
Return on Equity
High ROE: COLD's Return on Equity (3.8%) is considered low.
Next Steps
Financial Health
How is Americold Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: COLD's short term assets ($510.7M) exceed its short term liabilities ($341.1M).
Long Term Liabilities: COLD's short term assets ($510.7M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: COLD's debt to equity ratio (90%) is considered high.
Reducing Debt: Insufficient data to determine if COLD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: COLD's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: COLD's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Americold Realty Trust's current dividend yield, its reliability and sustainability?
2.35%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: COLD's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: COLD's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (4.55%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, COLD has been paying a dividend for less than 10 years.
Growing Dividend: COLD's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72%), COLD's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COLD's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Fred Boehler (52yo)
4.5yrs
Tenure
US$4,397,923
Compensation
Mr. Fred W. Boehler has been the Chief Executive Officer of AmeriCold Logistics, LLC since February 4, 2016 and its President since March 31, 2014. Mr. Boehler has served as President, Chief Executive Offi ...
CEO Compensation Analysis
Compensation vs Market: Fred's total compensation ($USD4.40M) is below average for companies of similar size in the US market ($USD7.32M).
Compensation vs Earnings: Fred's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 4.5yrs | US$4.40m | 0.15% $11.0m | |
| CFO & Executive VP | 4.83yrs | US$1.87m | 0.059% $4.2m | |
| Executive VP & COO | 1.75yrs | US$2.25m | 0.0044% $315.1k | |
| Chief Legal Officer | 2.25yrs | US$1.28m | 0.0035% $252.1k | |
| Executive Vice President of Supply Chain Solutions | no data | US$1.28m | 0.0072% $514.2k | |
| Executive VP & Chief Investment Officer | 1.75yrs | no data | 0.0016% $111.7k | |
| Chief Accounting Officer & Senior VP | 6.67yrs | US$1.56m | 0.0060% $432.6k | |
| Executive VP & Chief Information Officer | 1.17yrs | no data | no data | |
| Senior VP of Capital Markets | 1.75yrs | no data | no data | |
| Director of Communications & Public Relations | no data | no data | no data |
2.0yrs
Average Tenure
52yo
Average Age
Experienced Management: COLD's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 4.5yrs | US$4.40m | 0.15% $11.0m | |
| Independent Trustee | 1.08yrs | US$151.51k | no data | |
| Independent Trustee | 1.08yrs | US$151.51k | 0.0030% $214.9k | |
| Independent Trustee | 10.08yrs | US$309.04k | 0.0064% $460.5k | |
| Lead Independent Trustee | 2.42yrs | US$271.50k | 0.022% $1.6m | |
| Independent Chairman of Board | 1.25yrs | US$430.03k | 0.0095% $684.0k | |
| Independent Trustee | 2.42yrs | US$275.67k | 0.0064% $460.5k | |
| Independent Trustee | 1.08yrs | US$150.75k | no data | |
| Independent Trustee | 2.42yrs | US$265.32k | 0.0064% $460.5k |
2.4yrs
Average Tenure
59yo
Average Age
Experienced Board: COLD's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.
Top Shareholders
Company Information
Americold Realty Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Americold Realty Trust
- Ticker: COLD
- Exchange: NYSE
- Founded: 2002
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: US$7.162b
- Shares outstanding: 200.28m
- Website: https://www.americold.com
Number of Employees
Location
- Americold Realty Trust
- South Tower
- Suite 600
- Atlanta
- Georgia
- 30328
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| COLD | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 2018 |
| 0N42 | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 2018 |
| YAR | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 2018 |
Biography
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 183 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/02 05:02 |
| End of Day Share Price | 2020/06/01 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.