RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
NYSE:RHP - New York Stock Exchange, Inc. - US78377T1079 - REIT - Currency: USD
Overall RHP gets a fundamental rating of 4 out of 10. We evaluated RHP against 130 industry peers in the Diversified REITs industry. RHP scores excellent on profitability, but there are concerns on its financial health. RHP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
RHP had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 5.56%, RHP belongs to the top of the industry, outperforming 96.15% of the companies in the same industry.
The Return On Equity of RHP (54.85%) is better than 98.46% 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 3.16%.
| 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 63.85% 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 49.23% 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 33.22%, RHP is doing worse than 86.15% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RHP is creating some value.
The number of shares outstanding for RHP has been increased compared to 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 1.31. This is a bad value and indicates that RHP is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.31, RHP belongs to the best of the industry, outperforming 86.92% of the companies in the same industry.
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 has a Debt to FCF ratio of 14.93. This is amongst the best in the industry. RHP outperforms 85.38% 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.
With a Debt to Equity ratio value of 6.35, RHP is not doing good in the industry: 85.38% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.35 | ||
| Debt/FCF | 14.93 | ||
| Altman-Z | 1.31 |
ROIC/WACC1
WACC8.8%
2.3 Liquidity
A Current Ratio of 0.82 indicates that RHP may have some problems paying its short term obligations.
RHP's Current ratio of 0.82 is in line compared to the rest of the industry. RHP outperforms 42.31% of its industry peers.
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.
RHP's Quick ratio of 0.82 is in line compared to the rest of the industry. RHP outperforms 44.62% 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%.
The Earnings Per Share has been growing by 9.41% on average over the past years. This is quite good.
The Revenue has grown by 9.27% in the past year. This is quite good.
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 4.95% on average over the next years.
The Revenue is expected to grow by 5.57% on average over the next years.
EPS Next Y-8.48%
EPS Next 2Y4.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.51%
Revenue Next 2Y6.3%
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 20.90, the valuation of RHP can be described as rather expensive.
Based on the Price/Earnings ratio, RHP is valued cheaper than 80.77% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.15. RHP is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 20.41, which indicates a rather expensive current valuation of RHP.
88.46% 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 (21.60), we can say RHP is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.9 | ||
| Fwd PE | 20.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RHP is valued a bit cheaper than the industry average as 66.92% of the companies are valued more expensively.
73.08% 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 | 27.19 | ||
| EV/EBITDA | 12.26 |
4.3 Compensation for Growth
RHP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.22
EPS Next 2Y4.95%
EPS Next 3YN/A
5. Dividend
5.1 Amount
RHP has a Yearly Dividend Yield of 3.08%.
RHP's Dividend Yield is slightly below the industry average, which is at 6.64.
Compared to an average S&P500 Dividend Yield of 2.42, RHP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
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
92.35% of the earnings are spent on dividend by RHP. This is not a sustainable payout ratio.
RHP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP92.35%
EPS Next 2Y4.95%
EPS Next 3YN/A
98.67
-1.88 (-1.87%)
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 Change4.87%
Market Cap6.15B
Analysts86.25
Price Target117.98 (19.57%)
Short Float %6.8%
Short Ratio4.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
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)-5.13%
EPS NQ rev (1m)-0.33%
EPS NQ rev (3m)-3.4%
EPS NY rev (1m)-7.49%
EPS NY rev (3m)-6.02%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)-1.77%
Revenue NY rev (1m)1.64%
Revenue NY rev (3m)1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.9 | ||
| Fwd PE | 20.41 | ||
| P/S | 2.56 | ||
| P/FCF | 27.19 | ||
| P/OCF | 9.21 | ||
| P/B | 11.56 | ||
| P/tB | 17.65 | ||
| EV/EBITDA | 12.26 |
EPS(TTM)4.72
EY4.78%
EPS(NY)4.84
Fwd EY4.9%
FCF(TTM)3.63
FCFY3.68%
OCF(TTM)10.71
OCFY10.85%
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 | 1.31 |
F-Score6
WACC8.8%
ROIC/WACC1
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-8.48%
EPS Next 2Y4.95%
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 Year4.51%
Revenue Next 2Y6.3%
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%