RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
USA - NYSE:RHP - US78377T1079 - REIT
100.17 USD
-0.57 (-0.57%)
100.16 USD
-0.01 (-0.01%)
Overall RHP gets a fundamental rating of 4 out of 10. We evaluated RHP against 129 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
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
RHP's Return On Assets of 4.30% is amongst the best of the industry. RHP outperforms 89.15% of its industry peers.
RHP has a Return On Equity of 32.79%. This is amongst the best in the industry. RHP outperforms 98.45% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.98%, RHP belongs to the top of the industry, outperforming 99.22% 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 3.04%.
| 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
With a Profit Margin value of 10.74%, RHP perfoms like the industry average, outperforming 59.69% of the companies in the same industry.
In the last couple of years the Profit Margin of RHP has grown nicely.
RHP has a Operating Margin (19.72%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of RHP has grown nicely.
With a Gross Margin value of 31.78%, RHP is not doing good in the industry: 89.92% of the companies in the same industry are doing better.
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
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
Based on the Altman-Z score of 1.15, we must say that RHP is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.15, RHP is doing good in the industry, outperforming 79.84% of the companies in the same industry.
RHP has a debt to FCF ratio of 19.85. This is a negative value and a sign of low solvency as RHP would need 19.85 years to pay back of all of its debts.
RHP has a better Debt to FCF ratio (19.85) than 75.97% of its industry peers.
A Debt/Equity ratio of 4.97 is on the high side and indicates that RHP has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 4.97, RHP is doing worse than 85.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.97 | ||
| Debt/FCF | 19.85 | ||
| Altman-Z | 1.15 |
ROIC/WACC0.94
WACC7.39%
2.3 Liquidity
RHP has a Current Ratio of 0.84. 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's Current ratio of 0.84 is in line compared to the rest of the industry. RHP outperforms 44.19% of its industry peers.
RHP has a Quick Ratio of 0.84. 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 0.84, RHP perfoms like the industry average, outperforming 45.74% 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%.
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 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
Based on estimates for the next years, RHP will show a decrease in Earnings Per Share. The EPS will decrease by -4.38% on average per year.
The Revenue is expected to grow by 7.53% on average over the next years.
EPS Next Y-18.86%
EPS Next 2Y-3.87%
EPS Next 3Y-4.38%
EPS Next 5YN/A
Revenue Next Year7.8%
Revenue Next 2Y8.15%
Revenue Next 3Y7.53%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.91, RHP is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of RHP indicates a rather cheap valuation: RHP is cheaper than 80.62% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, RHP is valued at the same level.
A Price/Forward Earnings ratio of 24.69 indicates a rather expensive valuation of RHP.
85.27% of the companies in the same industry are more expensive than RHP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of RHP to the average of the S&P500 Index (22.73), we can say RHP is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.91 | ||
| Fwd PE | 24.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RHP is valued a bit cheaper than the industry average as 65.89% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RHP indicates a somewhat cheap valuation: RHP is cheaper than 69.77% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.52 | ||
| EV/EBITDA | 13.47 |
4.3 Compensation for Growth
RHP has a very decent profitability rating, which may justify a higher PE ratio.
RHP's earnings are expected to decrease with -4.38% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.54
EPS Next 2Y-3.87%
EPS Next 3Y-4.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.52%, RHP is a good candidate for dividend investing.
RHP's Dividend Yield is comparable with the industry average which is at 6.63.
Compared to an average S&P500 Dividend Yield of 2.41, RHP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
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.
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
103.78% of the earnings are spent on dividend by RHP. 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%
100.17
-0.57 (-0.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners107.86%
Inst Owner Change-0.38%
Ins Owners2.5%
Ins Owner Change5%
Market Cap6.31B
Analysts85
Price Target119.25 (19.05%)
Short Float %5.73%
Short Ratio5.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
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)-0.5%
PT rev (3m)1.07%
EPS NQ rev (1m)-4.03%
EPS NQ rev (3m)-39.98%
EPS NY rev (1m)-8.64%
EPS NY rev (3m)-17.98%
Revenue NQ rev (1m)-1.48%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)1.71%
Revenue NY rev (3m)3.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.91 | ||
| Fwd PE | 24.69 | ||
| P/S | 2.58 | ||
| P/FCF | 31.52 | ||
| P/OCF | 10.42 | ||
| P/B | 7.88 | ||
| P/tB | 12.48 | ||
| EV/EBITDA | 13.47 |
EPS(TTM)4.19
EY4.18%
EPS(NY)4.06
Fwd EY4.05%
FCF(TTM)3.18
FCFY3.17%
OCF(TTM)9.61
OCFY9.59%
SpS38.8
BVpS12.71
TBVpS8.02
PEG (NY)N/A
PEG (5Y)2.54
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 | 1.15 |
F-Score4
WACC7.39%
ROIC/WACC0.94
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 Year7.8%
Revenue Next 2Y8.15%
Revenue Next 3Y7.53%
Revenue Next 5YN/A
EBIT growth 1Y-1.64%
EBIT growth 3YN/A
EBIT growth 5Y12.89%
EBIT Next Year53.11%
EBIT Next 3Y21.9%
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%