RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
USA - NYSE:RHP - US78377T1079 - REIT
97.39 USD
+0.93 (+0.96%)
97.39 USD
0 (0%)
Overall RHP gets a fundamental rating of 4 out of 10. We evaluated RHP against 130 industry peers in the Diversified REITs industry. While RHP is still in line with the averages on profitability rating, 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.
The reported net income has been mixed in the past 5 years: RHP reported negative net income in multiple 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 4.30%, RHP belongs to the best of the industry, outperforming 89.23% of the companies in the same industry.
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 better Return On Invested Capital (6.98%) than 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 3.05%.
| 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
Looking at the Profit Margin, with a value of 10.74%, RHP is in line with its industry, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Profit Margin of RHP has grown nicely.
Looking at the Operating Margin, with a value of 19.72%, RHP is in line with its industry, outperforming 46.92% of the companies in the same industry.
In the last couple of years the Operating Margin of RHP has grown nicely.
RHP has a Gross Margin of 31.78%. This is amonst the worse of the industry: RHP underperforms 90.00% of its industry peers.
RHP's Gross Margin has been stable in the last couple of years.
| 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.
The number of shares outstanding for RHP has been increased compared to 1 year ago.
The number of shares outstanding for RHP has been increased compared to 5 years ago.
RHP has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.12, we must say that RHP is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.12, RHP is doing good in the industry, outperforming 80.00% 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.
RHP's Debt to FCF ratio of 19.85 is fine compared to the rest of the industry. RHP outperforms 76.15% of its industry peers.
RHP has a Debt/Equity ratio of 4.97. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 4.97, RHP is doing worse than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.97 | ||
| Debt/FCF | 19.85 | ||
| Altman-Z | 1.12 |
ROIC/WACC0.95
WACC7.36%
2.3 Liquidity
A Current Ratio of 0.84 indicates that RHP may have some problems paying its short term obligations.
With a Current ratio value of 0.84, RHP perfoms like the industry average, outperforming 43.85% of the companies in the same industry.
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.
RHP has a Quick ratio of 0.84. This is comparable to the rest of the industry: RHP outperforms 45.38% of its industry peers.
| 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.
RHP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.83% yearly.
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.
Based on estimates for the next years, RHP will show a small growth in Revenue. The Revenue will grow by 7.53% on average per year.
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.
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
With a Price/Earnings ratio of 23.24, RHP is valued on the expensive side.
Based on the Price/Earnings ratio, RHP is valued cheaper than 82.31% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.41, RHP is valued at the same level.
With a Price/Forward Earnings ratio of 24.01, RHP is valued on the expensive side.
86.15% of the companies in the same industry are more expensive than RHP, based on the Price/Forward Earnings ratio.
RHP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.24 | ||
| Fwd PE | 24.01 |
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 66.15% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, RHP is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.64 | ||
| EV/EBITDA | 13.15 |
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)2.47
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 6.66.
Compared to an average S&P500 Dividend Yield of 2.38, 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.
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.
RHP's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP103.78%
EPS Next 2Y-3.87%
EPS Next 3Y-4.38%
97.39
+0.93 (+0.96%)
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 Cap6.14B
Analysts85
Price Target119.25 (22.45%)
Short Float %4.81%
Short Ratio4.93
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 | 23.24 | ||
| Fwd PE | 24.01 | ||
| P/S | 2.51 | ||
| P/FCF | 30.64 | ||
| P/OCF | 10.13 | ||
| P/B | 7.67 | ||
| P/tB | 12.14 | ||
| EV/EBITDA | 13.15 |
EPS(TTM)4.19
EY4.3%
EPS(NY)4.06
Fwd EY4.17%
FCF(TTM)3.18
FCFY3.26%
OCF(TTM)9.61
OCFY9.87%
SpS38.8
BVpS12.71
TBVpS8.02
PEG (NY)N/A
PEG (5Y)2.47
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 | 1.12 |
F-Score4
WACC7.36%
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 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%