RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
NYSE:RHP - New York Stock Exchange, Inc. - US78377T1079 - REIT - Currency: USD
Taking everything into account, RHP scores 5 out of 10 in our fundamental rating. RHP was compared to 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 it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year RHP was profitable.
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
RHP's Return On Assets of 5.56% is amongst the best of the industry. RHP outperforms 96.12% of its industry peers.
The Return On Equity of RHP (54.85%) is better than 98.45% of its industry peers.
With an excellent Return On Invested Capital value of 8.83%, RHP belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RHP had an Average Return On Invested Capital over the past 3 years of 10.05%. This is significantly above the industry average of 3.15%.
| 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
With a decent Profit Margin value of 12.16%, RHP is doing good in the industry, outperforming 63.57% of the companies in the same industry.
RHP's Profit Margin has improved in the last couple of years.
RHP has a Operating Margin (21.29%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of RHP has grown nicely.
The Gross Margin of RHP (33.22%) is worse than 86.05% of its industry peers.
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 | 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.
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 1.29. This is a bad value and indicates that RHP is not financially healthy and even has some risk of bankruptcy.
RHP has a Altman-Z score of 1.29. This is amongst the best in the industry. RHP outperforms 86.82% of its industry peers.
The Debt to FCF ratio of RHP is 14.93, which is on the high side as it means it would take RHP, 14.93 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of RHP (14.93) is better than 84.50% of its industry peers.
A Debt/Equity ratio of 6.35 is on the high side and indicates that RHP has dependencies on debt financing.
RHP has a Debt to Equity ratio of 6.35. This is amonst the worse of the industry: RHP underperforms 86.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.35 | ||
| Debt/FCF | 14.93 | ||
| Altman-Z | 1.29 |
ROIC/WACC1.17
WACC7.57%
2.3 Liquidity
A Current Ratio of 0.82 indicates that RHP may have some problems paying its short term obligations.
The Current ratio of RHP (0.82) is comparable to the rest of the industry.
RHP has a Quick 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.
With a Quick ratio value of 0.82, RHP perfoms like the industry average, outperforming 44.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The earnings per share for RHP have decreased by -2.28% in the last year.
The Earnings Per Share has been growing by 9.41% on average over the past years. This is quite good.
Looking at the last year, RHP shows a quite strong growth in Revenue. The Revenue has grown by 9.27% 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)-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
Based on estimates for the next years, RHP will show a small growth in Earnings Per Share. The EPS will grow by 5.71% on average per year.
The Revenue is expected to grow by 5.57% on average over the next years.
EPS Next Y-1.07%
EPS Next 2Y5.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.83%
Revenue Next 2Y3.93%
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
RHP is valuated rather expensively with a Price/Earnings ratio of 20.57.
Compared to the rest of the industry, the Price/Earnings ratio of RHP indicates a rather cheap valuation: RHP is cheaper than 81.40% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of RHP to the average of the S&P500 Index (26.25), we can say RHP is valued slightly cheaper.
With a Price/Forward Earnings ratio of 19.80, RHP is valued on the expensive side.
Based on the Price/Forward Earnings ratio, RHP is valued cheaply inside the industry as 91.47% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of RHP to the average of the S&P500 Index (22.15), we can say RHP is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.57 | ||
| Fwd PE | 19.8 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RHP is valued a bit cheaper than 68.99% of the companies in the same industry.
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 | 26.76 | ||
| EV/EBITDA | 11.99 |
4.3 Compensation for Growth
The decent profitability rating of RHP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.19
EPS Next 2Y5.71%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.67%, RHP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.93, RHP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, RHP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
5.2 History
The dividend of RHP has a limited annual growth rate of 5.45%.
RHP has paid a dividend for at least 10 years, which is a reliable track record.
RHP has decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.45%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
92.35% of the earnings are spent on dividend by RHP. This is not a sustainable payout ratio.
RHP's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP92.35%
EPS Next 2Y5.71%
EPS Next 3YN/A
97.11
-0.23 (-0.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.8%
Inst Owner Change13.42%
Ins Owners2.54%
Ins Owner Change3.9%
Market Cap6.05B
Analysts86.25
Price Target118.49 (22.02%)
Short Float %8.07%
Short Ratio3.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
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)-4.36%
PT rev (3m)-8.42%
EPS NQ rev (1m)-3.08%
EPS NQ rev (3m)-6.78%
EPS NY rev (1m)2.81%
EPS NY rev (3m)-12.96%
Revenue NQ rev (1m)-1.59%
Revenue NQ rev (3m)-3.2%
Revenue NY rev (1m)0.41%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.57 | ||
| Fwd PE | 19.8 | ||
| P/S | 2.52 | ||
| P/FCF | 26.76 | ||
| P/OCF | 9.07 | ||
| P/B | 11.38 | ||
| P/tB | 17.37 | ||
| EV/EBITDA | 11.99 |
EPS(TTM)4.72
EY4.86%
EPS(NY)4.91
Fwd EY5.05%
FCF(TTM)3.63
FCFY3.74%
OCF(TTM)10.71
OCFY11.03%
SpS38.49
BVpS8.53
TBVpS5.59
PEG (NY)N/A
PEG (5Y)2.19
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
WACC7.57%
ROIC/WACC1.17
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 Year2.83%
Revenue Next 2Y3.93%
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%