RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
USA - NYSE:RHP - US78377T1079 - REIT
89.9 USD
-1.07 (-1.18%)
89.9 USD
0 (0%)
RHP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. RHP has a medium profitability rating, but doesn't score so well on its financial health evaluation. RHP has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year RHP was profitable.
RHP had a positive operating cash flow in the past year.
In multiple years RHP reported negative net income over the last 5 years.
Of the past 5 years RHP 4 years had a positive operating cash flow.
1.2 Ratios
RHP has a Return On Assets of 4.30%. This is amongst the best in the industry. RHP outperforms 89.23% of its industry peers.
RHP has a Return On Equity of 32.79%. This is amongst the best in the industry. RHP outperforms 98.46% of its industry peers.
RHP has a Return On Invested Capital of 6.98%. This is amongst the best in the industry. RHP outperforms 99.23% of its industry peers.
RHP had an Average Return On Invested Capital over the past 3 years of 10.05%. This is significantly above the industry average of 3.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.3% | ||
| ROE | 32.79% | ||
| ROIC | 6.98% |
ROA(3y)4.8%
ROA(5y)-0.46%
ROE(3y)79.84%
ROE(5y)N/A
ROIC(3y)10.05%
ROIC(5y)N/A
1.3 Margins
RHP has a Profit Margin of 10.74%. This is comparable to the rest of the industry: RHP outperforms 60.00% of its industry peers.
RHP's Profit Margin has improved in the last couple of years.
RHP has a Operating Margin of 19.72%. This is comparable to the rest of the industry: RHP outperforms 46.92% of its industry peers.
In the last couple of years the Operating Margin of RHP has grown nicely.
Looking at the Gross Margin, with a value of 31.78%, RHP is doing worse than 90.00% of the companies in the same industry.
In the last couple of years the Gross Margin of RHP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.72% | ||
| PM (TTM) | 10.74% | ||
| GM | 31.78% |
OM growth 3YN/A
OM growth 5Y4.7%
PM growth 3YN/A
PM growth 5Y5.03%
GM growth 3Y15.63%
GM growth 5Y0.35%
2. Health
2.1 Basic Checks
RHP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
RHP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, RHP has more shares outstanding
Compared to 1 year ago, RHP has an improved debt to assets ratio.
2.2 Solvency
RHP has an Altman-Z score of 1.08. This is a bad value and indicates that RHP is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.08, RHP is doing good in the industry, outperforming 79.23% of the companies in the same industry.
The Debt to FCF ratio of RHP is 19.85, which is on the high side as it means it would take RHP, 19.85 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 19.85, RHP is in the better half of the industry, outperforming 76.15% of the companies in the same industry.
A Debt/Equity ratio of 4.97 is on the high side and indicates that RHP has dependencies on debt financing.
With a Debt to Equity ratio value of 4.97, RHP is not doing good in the industry: 84.62% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.97 | ||
| Debt/FCF | 19.85 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.95
WACC7.34%
2.3 Liquidity
A Current Ratio of 0.84 indicates that RHP may have some problems paying its short term obligations.
RHP has a Current ratio (0.84) which is in line with its industry peers.
A Quick Ratio of 0.84 indicates that RHP may have some problems paying its short term obligations.
With a Quick ratio value of 0.84, RHP perfoms like the industry average, outperforming 45.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
RHP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.39%.
Measured over the past years, RHP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.41% on average per year.
Looking at the last year, RHP shows a small growth in Revenue. The Revenue has grown by 6.13% in the last year.
Measured over the past years, RHP shows a small growth in Revenue. The Revenue has been growing by 7.83% on average per year.
EPS 1Y (TTM)-21.39%
EPS 3YN/A
EPS 5Y9.41%
EPS Q2Q%-32.12%
Revenue 1Y (TTM)6.13%
Revenue growth 3Y35.54%
Revenue growth 5Y7.83%
Sales Q2Q%7.54%
3.2 Future
RHP is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.38% yearly.
RHP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.47% yearly.
EPS Next Y-18.86%
EPS Next 2Y-3.87%
EPS Next 3Y-4.38%
EPS Next 5YN/A
Revenue Next Year8.22%
Revenue Next 2Y8.4%
Revenue Next 3Y7.47%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.46, the valuation of RHP can be described as rather expensive.
Based on the Price/Earnings ratio, RHP is valued cheaper than 83.08% of the companies in the same industry.
When comparing the Price/Earnings ratio of RHP to the average of the S&P500 Index (27.90), we can say RHP is valued slightly cheaper.
With a Price/Forward Earnings ratio of 22.16, RHP is valued on the expensive side.
88.46% of the companies in the same industry are more expensive than RHP, based on the Price/Forward Earnings ratio.
RHP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.36, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.46 | ||
| Fwd PE | 22.16 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RHP indicates a somewhat cheap valuation: RHP is cheaper than 70.00% of the companies listed in the same industry.
RHP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RHP is cheaper than 72.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.29 | ||
| EV/EBITDA | 12.59 |
4.3 Compensation for Growth
The decent profitability rating of RHP may justify a higher PE ratio.
A cheap valuation may be justified as RHP's earnings are expected to decrease with -4.38% in the coming years.
PEG (NY)N/A
PEG (5Y)2.28
EPS Next 2Y-3.87%
EPS Next 3Y-4.38%
5. Dividend
5.1 Amount
RHP has a Yearly Dividend Yield of 5.10%, which is a nice return.
RHP's Dividend Yield is comparable with the industry average which is at 6.68.
RHP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.1% |
5.2 History
The dividend of RHP has a limited annual growth rate of 5.45%.
RHP has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of RHP decreased in the last 3 years.
Dividend Growth(5Y)5.45%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
RHP pays out 103.78% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of RHP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP103.78%
EPS Next 2Y-3.87%
EPS Next 3Y-4.38%
89.9
-1.07 (-1.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners107.77%
Inst Owner Change0%
Ins Owners2.52%
Ins Owner Change1.3%
Market Cap5.66B
Analysts85
Price Target118.69 (32.02%)
Short Float %5.15%
Short Ratio5.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.1% |
Yearly Dividend4.5
Dividend Growth(5Y)5.45%
DP103.78%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.59%
Min EPS beat(2)-5.98%
Max EPS beat(2)35.17%
EPS beat(4)2
Avg EPS beat(4)10.59%
Min EPS beat(4)-7.28%
Max EPS beat(4)35.17%
EPS beat(8)4
Avg EPS beat(8)20.78%
EPS beat(12)7
Avg EPS beat(12)29.17%
EPS beat(16)10
Avg EPS beat(16)-0.82%
Revenue beat(2)2
Avg Revenue beat(2)5.7%
Min Revenue beat(2)5.55%
Max Revenue beat(2)5.86%
Revenue beat(4)2
Avg Revenue beat(4)2.2%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)5.86%
Revenue beat(8)4
Avg Revenue beat(8)1.12%
Revenue beat(12)7
Avg Revenue beat(12)2.63%
Revenue beat(16)10
Avg Revenue beat(16)3.71%
PT rev (1m)0%
PT rev (3m)0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-27.16%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.34%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)0.84%
Revenue NY rev (1m)0.43%
Revenue NY rev (3m)3.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.46 | ||
| Fwd PE | 22.16 | ||
| P/S | 2.32 | ||
| P/FCF | 28.29 | ||
| P/OCF | 9.35 | ||
| P/B | 7.08 | ||
| P/tB | 11.2 | ||
| EV/EBITDA | 12.59 |
EPS(TTM)4.19
EY4.66%
EPS(NY)4.06
Fwd EY4.51%
FCF(TTM)3.18
FCFY3.54%
OCF(TTM)9.61
OCFY10.69%
SpS38.8
BVpS12.71
TBVpS8.02
PEG (NY)N/A
PEG (5Y)2.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.3% | ||
| ROE | 32.79% | ||
| ROCE | 8.83% | ||
| ROIC | 6.98% | ||
| ROICexc | 7.56% | ||
| ROICexgc | 8.03% | ||
| OM | 19.72% | ||
| PM (TTM) | 10.74% | ||
| GM | 31.78% | ||
| FCFM | 8.19% |
ROA(3y)4.8%
ROA(5y)-0.46%
ROE(3y)79.84%
ROE(5y)N/A
ROIC(3y)10.05%
ROIC(5y)N/A
ROICexc(3y)11.74%
ROICexc(5y)N/A
ROICexgc(3y)12.57%
ROICexgc(5y)N/A
ROCE(3y)12.72%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y10.32%
ROICexc growth 3YN/A
ROICexc growth 5Y10.99%
OM growth 3YN/A
OM growth 5Y4.7%
PM growth 3YN/A
PM growth 5Y5.03%
GM growth 3Y15.63%
GM growth 5Y0.35%
F-Score4
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.97 | ||
| Debt/FCF | 19.85 | ||
| Debt/EBITDA | 5.43 | ||
| Cap/Depr | 161.73% | ||
| Cap/Sales | 16.58% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.66% | ||
| Profit Quality | 76.28% | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 1.08 |
F-Score4
WACC7.34%
ROIC/WACC0.95
Cap/Depr(3y)119.66%
Cap/Depr(5y)94.21%
Cap/Sales(3y)12.39%
Cap/Sales(5y)15.39%
Profit Quality(3y)119.29%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.39%
EPS 3YN/A
EPS 5Y9.41%
EPS Q2Q%-32.12%
EPS Next Y-18.86%
EPS Next 2Y-3.87%
EPS Next 3Y-4.38%
EPS Next 5YN/A
Revenue 1Y (TTM)6.13%
Revenue growth 3Y35.54%
Revenue growth 5Y7.83%
Sales Q2Q%7.54%
Revenue Next Year8.22%
Revenue Next 2Y8.4%
Revenue Next 3Y7.47%
Revenue Next 5YN/A
EBIT growth 1Y-1.64%
EBIT growth 3YN/A
EBIT growth 5Y12.89%
EBIT Next Year53.02%
EBIT Next 3Y22.13%
EBIT Next 5Y14.01%
FCF growth 1Y-45.11%
FCF growth 3Y70.69%
FCF growth 5Y-3.57%
OCF growth 1Y19.23%
OCF growth 3Y73.02%
OCF growth 5Y10.2%