Americold Realty Trust Inc. Common Stock (COLD)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earnings, conservative balance sheets and a price that leaves a margin of safety. Americold has a real asset: 224 temperature-controlled facilities and roughly 1.4 billion refrigerated cubic feet, serving food producers and retailers worldwide. That network can be a moat. But the financials do not yet show the owner earnings I want. Revenue has been roughly flat: $2.6B in FY2023, $2.6B in FY2024, and $2.5B in FY2025. Net income was negative in each of those years: -$336.2M, -$94.3M, and -$114.5M. In the quarter ended 2026-06-30, revenue was $647.8M and the net loss was $342.8M, or -$1.19 per diluted share. FairStock's calculations at the 2026-10-13 close show P/B 1.65, ROE -16.46%, ROCE 1.29%, FCF yield -5.2%, Altman Z -0.12, EV/EBITDA 123.72, and a Piotroski F-Score of 5/9. Debt-to-equity is 1.89, and trailing free cash flow is -$206.6M. A 6.38% dividend yield is therefore not supported by reported earnings or free cash flow. As a REIT, FFO and AFFO are the right measures, but they are not in the data; I cannot judge dividend coverage or normalized earnings without them. The computed Lynch category is none because the company has not earned a profit. Price-to-book at 1.65 is not obviously cheap for a business with negative returns on equity and capital. Before I could call it a value opportunity, I would need evidence that cold-storage demand and pricing can produce positive FFO, lower leverage, and cash flow that covers the dividend.

In plain English: Americold owns and runs cold-storage warehouses that help move food around the world. The company has a large global network, but it has been losing money and carries a lot of debt, so the business looks financially weak. At $13.95 a share, the price does not look clearly cheap against what it owns or earns, and the 6.38% dividend looks hard to cover from current cash flow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer