RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
NYSE:RHP - New York Stock Exchange, Inc. - US78377T1079 - REIT - Currency: USD
RHP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. While RHP belongs to the best of the industry regarding profitability, there are concerns on its financial health. 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
RHP had positive earnings in the past year.
In the past year RHP had a positive cash flow from operations.
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
With an excellent Return On Assets value of 5.56%, RHP belongs to the best of the industry, outperforming 96.12% of the companies in the same industry.
Looking at the Return On Equity, with a value of 54.85%, RHP belongs to the top of the industry, outperforming 98.45% of the companies in the same industry.
RHP's Return On Invested Capital of 8.83% is amongst the best of the industry. RHP outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RHP is significantly above the industry average of 3.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | 54.85% | ||
| ROIC | 8.83% |
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
Looking at the Profit Margin, with a value of 12.16%, RHP is in the better half of the industry, outperforming 63.57% of the companies in the same industry.
In the last couple of years the Profit Margin of RHP has grown nicely.
RHP's Operating Margin of 21.29% is in line compared to the rest of the industry. RHP outperforms 49.61% of its industry peers.
In the last couple of years the Operating Margin of RHP has grown nicely.
RHP has a worse Gross Margin (33.22%) than 86.05% of its industry peers.
RHP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.29% | ||
| PM (TTM) | 12.16% | ||
| GM | 33.22% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so RHP is still creating some value.
Compared to 1 year ago, RHP has more shares outstanding
RHP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, RHP has an improved debt to assets ratio.
2.2 Solvency
RHP has an Altman-Z score of 1.29. This is a bad value and indicates that RHP is not financially healthy and even has some risk of bankruptcy.
RHP's Altman-Z score of 1.29 is amongst the best of the industry. RHP outperforms 86.05% of its industry peers.
RHP has a debt to FCF ratio of 14.93. This is a negative value and a sign of low solvency as RHP would need 14.93 years to pay back of all of its debts.
RHP's Debt to FCF ratio of 14.93 is amongst the best of the industry. RHP outperforms 85.27% of its industry peers.
RHP has a Debt/Equity ratio of 6.35. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 6.35, RHP is doing worse than 86.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.35 | ||
| Debt/FCF | 14.93 | ||
| Altman-Z | 1.29 |
ROIC/WACC1.01
WACC8.76%
2.3 Liquidity
RHP has a Current Ratio of 0.82. This is a bad value and indicates that RHP is not financially healthy enough and could expect problems in meeting its short term obligations.
RHP has a Current ratio (0.82) which is in line with its industry peers.
A Quick Ratio of 0.82 indicates that RHP may have some problems paying its short term obligations.
RHP has a Quick ratio of 0.82. This is comparable to the rest of the industry: RHP outperforms 44.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
RHP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.28%.
RHP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.41% yearly.
Looking at the last year, RHP shows a quite strong growth in Revenue. The Revenue has grown by 9.27% in the last year.
RHP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.83% yearly.
EPS 1Y (TTM)-2.28%
EPS 3YN/A
EPS 5Y9.41%
EPS Q2Q%49.25%
Revenue 1Y (TTM)9.27%
Revenue growth 3Y35.54%
Revenue growth 5Y7.83%
Sales Q2Q%11.15%
3.2 Future
The Earnings Per Share is expected to grow by 5.71% on average over the next years.
Based on estimates for the next years, RHP will show a small growth in Revenue. The Revenue will grow by 5.57% on average per year.
EPS Next Y-1.07%
EPS Next 2Y5.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.75%
Revenue Next 2Y5.12%
Revenue Next 3Y5.57%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 20.93, the valuation of RHP can be described as rather expensive.
Based on the Price/Earnings ratio, RHP is valued cheaply inside the industry as 82.17% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.35, RHP is valued a bit cheaper.
A Price/Forward Earnings ratio of 20.14 indicates a rather expensive valuation of RHP.
91.47% of the companies in the same industry are more expensive than RHP, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, RHP is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.93 | ||
| Fwd PE | 20.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RHP is valued a bit cheaper than the industry average as 69.77% of the companies are valued more expensively.
74.42% of the companies in the same industry are more expensive than RHP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.23 | ||
| EV/EBITDA | 12.07 |
4.3 Compensation for Growth
The decent profitability rating of RHP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.22
EPS Next 2Y5.71%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.64%, RHP is a good candidate for dividend investing.
RHP's Dividend Yield is slightly below the industry average, which is at 6.77.
RHP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
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 92.35% of its income as dividend. This is not a sustainable payout ratio.
The dividend of RHP is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP92.35%
EPS Next 2Y5.71%
EPS Next 3YN/A
98.79
+0.45 (+0.46%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners106.34%
Inst Owner Change13.45%
Ins Owners2.49%
Ins Owner Change4.89%
Market Cap6.15B
Analysts86.25
Price Target117.98 (19.43%)
Short Float %6.8%
Short Ratio4.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
Yearly Dividend4.5
Dividend Growth(5Y)5.45%
DP92.35%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.94%
Min EPS beat(2)-7.28%
Max EPS beat(2)35.17%
EPS beat(4)3
Avg EPS beat(4)17.57%
Min EPS beat(4)-7.28%
Max EPS beat(4)35.17%
EPS beat(8)4
Avg EPS beat(8)20.6%
EPS beat(12)8
Avg EPS beat(12)29.97%
EPS beat(16)11
Avg EPS beat(16)1.79%
Revenue beat(2)1
Avg Revenue beat(2)1.76%
Min Revenue beat(2)-2.34%
Max Revenue beat(2)5.86%
Revenue beat(4)2
Avg Revenue beat(4)1.32%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)5.86%
Revenue beat(8)3
Avg Revenue beat(8)0.15%
Revenue beat(12)7
Avg Revenue beat(12)2.91%
Revenue beat(16)10
Avg Revenue beat(16)4.12%
PT rev (1m)-0.43%
PT rev (3m)-6.6%
EPS NQ rev (1m)-1.29%
EPS NQ rev (3m)-2.93%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.96%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)-2.02%
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)1.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.93 | ||
| Fwd PE | 20.14 | ||
| P/S | 2.57 | ||
| P/FCF | 27.23 | ||
| P/OCF | 9.22 | ||
| P/B | 11.58 | ||
| P/tB | 17.67 | ||
| EV/EBITDA | 12.07 |
EPS(TTM)4.72
EY4.78%
EPS(NY)4.91
Fwd EY4.97%
FCF(TTM)3.63
FCFY3.67%
OCF(TTM)10.71
OCFY10.84%
SpS38.49
BVpS8.53
TBVpS5.59
PEG (NY)N/A
PEG (5Y)2.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | 54.85% | ||
| ROCE | 11.17% | ||
| ROIC | 8.83% | ||
| ROICexc | 9.7% | ||
| ROICexgc | 10.15% | ||
| OM | 21.29% | ||
| PM (TTM) | 12.16% | ||
| GM | 33.22% | ||
| FCFM | 9.43% |
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-Score6
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.35 | ||
| Debt/FCF | 14.93 | ||
| Debt/EBITDA | 4.48 | ||
| Cap/Depr | 182.21% | ||
| Cap/Sales | 18.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 88.65% | ||
| Profit Quality | 77.54% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 1.29 |
F-Score6
WACC8.76%
ROIC/WACC1.01
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)-2.28%
EPS 3YN/A
EPS 5Y9.41%
EPS Q2Q%49.25%
EPS Next Y-1.07%
EPS Next 2Y5.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.27%
Revenue growth 3Y35.54%
Revenue growth 5Y7.83%
Sales Q2Q%11.15%
Revenue Next Year3.75%
Revenue Next 2Y5.12%
Revenue Next 3Y5.57%
Revenue Next 5YN/A
EBIT growth 1Y14.95%
EBIT growth 3YN/A
EBIT growth 5Y12.89%
EBIT Next Year49.87%
EBIT Next 3Y21.9%
EBIT Next 5Y14.01%
FCF growth 1Y-7.81%
FCF growth 3Y70.69%
FCF growth 5Y-3.57%
OCF growth 1Y46.39%
OCF growth 3Y73.02%
OCF growth 5Y10.2%