Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a REIT (property company): Price to FFO, Dividend discount, and EV/EBITDA comparison.
ACCE opinionLineage Inc. Common Stock (LINE)
Fair value (2 models)
Not available
ACCE price target
$32.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Price used: $35.36 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, EV/EBITDA comparison, and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
32
out of 100
Analysts
35% buy
20 covering
P/E
0.0x
forward 769.2x
1-year return
-11.8%
Dividend yield
6.17%
Lineage Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Lineage operates temperature-controlled warehouses, the cold storage that holds frozen and refrigerated food for grocers, food processors and restaurant chains, making it one of the largest owners of this asset class in the US. The structural case rests on that niche: cold storage capacity is costly to build and hard to replicate, and it sits inside a food supply chain that does not shrink in a slowdown. Revenue growth is essentially flat at 0.8%, and with an operating margin of 3.7% and negative return on equity of -2.0%, the earnings engine is not yet converting that footprint into profit. A forward P/E of 769 says the market is pricing a large recovery that the current numbers do not show, and the 31/100 score reflects that gap. Lineage is worth a deeper look only if you have a view on margin normalization from its warehouse portfolio, since that is the single variable that would close the distance between the asset base and the earnings.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Earnings and revenue stalling
Revenue grew just 0.8% YoY and earnings 0.0%, while net margin is -3.1% and ROE -2.0%. Growth has slowed sharply from the 9.7% five-year revenue CAGR.
high
Score collapse over 90 days
The ACCE score fell from 42 to 26 over 90 days, with the quality and momentum components at 35 and 17. The deterioration is broad rather than confined to one metric.
moderate
Leverage and thin FCF cover
Debt to equity sits at 1.05 against $196M of free cash flow on an $8.3B market cap. The balance sheet is serviceable but leaves little room if earnings keep flat.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Trailing free cash flow of $196M gives the company real cash generation even while reported earnings are negative.
Analysts' mean price target of $43.21 sits 30.1% above the current share price, which signals sell-side optimism.
The company beat expected earnings, reporting $0.76 per share against $0.61 forecast, a 24.6% surprise.
Why it could disappoint
Revenue grew just 0.8% in the latest year, far below its 9.7% average annual pace over five years.
Diluted share count rose 19.4% last fiscal year, which dilutes existing shareholders' stakes in the business.
Only 35% of analysts rate the stock Buy or Strong Buy, and the forward P/E of 769.2x leaves little room for error.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where LINE's valuation models land
Price
$35.36
Model fair valueConfidence: medium
$29.38
Model
Fair value
Upside
Dividend discount
EV/EBITDA comparison
Price to FFO
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores