RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RHP - US78377T1079 - REIT
95.43 USD
-0.08 (-0.08%)
95 USD
-0.43 (-0.45%)
Overall RHP gets a fundamental rating of 4 out of 10. We evaluated RHP against 128 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
In the past year RHP was profitable.
RHP had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 3.85%, RHP belongs to the top of the industry, outperforming 85.94% of the companies in the same industry.
With an excellent Return On Equity value of 31.43%, RHP belongs to the best of the industry, outperforming 98.44% of the companies in the same industry.
RHP has a better Return On Invested Capital (6.79%) than 99.22% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RHP is significantly above the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 31.43% | ||
| ROIC | 6.79% |
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
RHP has a Profit Margin of 9.58%. This is comparable to the rest of the industry: RHP outperforms 57.81% of its industry peers.
In the last couple of years the Profit Margin of RHP has grown nicely.
With a Operating Margin value of 18.74%, RHP perfoms like the industry average, outperforming 45.31% of the companies in the same industry.
RHP's Operating Margin has improved in the last couple of years.
RHP has a worse Gross Margin (31.19%) than 89.84% 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 | 18.74% | ||
| PM (TTM) | 9.58% | ||
| GM | 31.19% |
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.
RHP has more shares outstanding than it did 1 year ago.
The number of shares outstanding for RHP has been increased compared to 5 years ago.
The debt/assets ratio for RHP has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.07, we must say that RHP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of RHP (1.07) is better than 78.91% of its industry peers.
The Debt to FCF ratio of RHP is 15.91, which is on the high side as it means it would take RHP, 15.91 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 15.91, RHP belongs to the top of the industry, outperforming 82.03% of the companies in the same industry.
RHP has a Debt/Equity ratio of 5.24. This is a high value indicating a heavy dependency on external financing.
RHP's Debt to Equity ratio of 5.24 is on the low side compared to the rest of the industry. RHP is outperformed by 84.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.24 | ||
| Debt/FCF | 15.91 | ||
| Altman-Z | 1.07 |
ROIC/WACC0.93
WACC7.32%
2.3 Liquidity
RHP has a Current Ratio of 0.77. 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 Current ratio value of 0.77, RHP is not doing good in the industry: 64.84% of the companies in the same industry are doing better.
RHP has a Quick Ratio of 0.77. This is a bad value and indicates that RHP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of RHP (0.77) is worse than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The earnings per share for RHP have decreased strongly by -32.86% in the last year.
RHP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.41% yearly.
RHP shows a small growth in Revenue. In the last year, the Revenue has grown by 6.98%.
RHP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.83% yearly.
EPS 1Y (TTM)-32.86%
EPS 3YN/A
EPS 5Y9.41%
EPS Q2Q%-43.62%
Revenue 1Y (TTM)6.98%
Revenue growth 3Y35.54%
Revenue growth 5Y7.83%
Sales Q2Q%7.73%
3.2 Future
The Earnings Per Share is expected to decrease by -3.14% 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 7.43% on average per year.
EPS Next Y-18.79%
EPS Next 2Y-3.51%
EPS Next 3Y-3.14%
EPS Next 5YN/A
Revenue Next Year8.27%
Revenue Next 2Y8.3%
Revenue Next 3Y7.43%
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 25.25, RHP can be considered very expensive at the moment.
RHP's Price/Earnings ratio is a bit cheaper when compared to the industry. RHP is cheaper than 75.78% of the companies in the same industry.
RHP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 23.35 indicates a rather expensive valuation of RHP.
Based on the Price/Forward Earnings ratio, RHP is valued cheaply inside the industry as 89.84% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of RHP to the average of the S&P500 Index (36.59), we can say RHP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.25 | ||
| Fwd PE | 23.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RHP is valued a bit cheaper than 66.41% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RHP indicates a somewhat cheap valuation: RHP is cheaper than 72.66% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.06 | ||
| EV/EBITDA | 13.01 |
4.3 Compensation for Growth
The decent profitability rating of RHP may justify a higher PE ratio.
RHP's earnings are expected to decrease with -3.14% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.68
EPS Next 2Y-3.51%
EPS Next 3Y-3.14%
5. Dividend
5.1 Amount
RHP has a Yearly Dividend Yield of 4.82%, which is a nice return.
RHP's Dividend Yield is comparable with the industry average which is at 6.38.
Compared to an average S&P500 Dividend Yield of 2.34, RHP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
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
117.05% 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.
DP117.05%
EPS Next 2Y-3.51%
EPS Next 3Y-3.14%
95.43
-0.08 (-0.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners107.77%
Inst Owner Change-0.41%
Ins Owners2.52%
Ins Owner Change1.77%
Market Cap6.01B
Revenue(TTM)2.49B
Net Income(TTM)238.37M
Analysts83.53
Price Target115.41 (20.94%)
Short Float %4.12%
Short Ratio4.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
Yearly Dividend4.5
Dividend Growth(5Y)5.45%
DP117.05%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.09%
Min EPS beat(2)-5.98%
Max EPS beat(2)20.17%
EPS beat(4)2
Avg EPS beat(4)10.52%
Min EPS beat(4)-7.28%
Max EPS beat(4)35.17%
EPS beat(8)5
Avg EPS beat(8)24.95%
EPS beat(12)7
Avg EPS beat(12)30.21%
EPS beat(16)10
Avg EPS beat(16)-2.15%
Revenue beat(2)2
Avg Revenue beat(2)3.84%
Min Revenue beat(2)2.13%
Max Revenue beat(2)5.55%
Revenue beat(4)3
Avg Revenue beat(4)2.8%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)5.86%
Revenue beat(8)5
Avg Revenue beat(8)1.52%
Revenue beat(12)7
Avg Revenue beat(12)2.46%
Revenue beat(16)10
Avg Revenue beat(16)3.27%
PT rev (1m)-2.77%
PT rev (3m)-2.77%
EPS NQ rev (1m)34.51%
EPS NQ rev (3m)35.94%
EPS NY rev (1m)0%
EPS NY rev (3m)0.09%
Revenue NQ rev (1m)-1.13%
Revenue NQ rev (3m)0.24%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.25 | ||
| Fwd PE | 23.35 | ||
| P/S | 2.42 | ||
| P/FCF | 24.06 | ||
| P/OCF | 10.15 | ||
| P/B | 7.93 | ||
| P/tB | 12.85 | ||
| EV/EBITDA | 13.01 |
EPS(TTM)3.78
EY3.96%
EPS(NY)4.09
Fwd EY4.28%
FCF(TTM)3.97
FCFY4.16%
OCF(TTM)9.41
OCFY9.86%
SpS39.47
BVpS12.04
TBVpS7.42
PEG (NY)N/A
PEG (5Y)2.68
Graham Number32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 31.43% | ||
| ROCE | 8.59% | ||
| ROIC | 6.79% | ||
| ROICexc | 7.45% | ||
| ROICexgc | 7.92% | ||
| OM | 18.74% | ||
| PM (TTM) | 9.58% | ||
| GM | 31.19% | ||
| FCFM | 10.05% |
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
ROICexgc growth 3YN/A
ROICexgc 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 | 5.24 | ||
| Debt/FCF | 15.91 | ||
| Debt/EBITDA | 5.44 | ||
| Cap/Depr | 129.46% | ||
| Cap/Sales | 13.78% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 81.1% | ||
| Profit Quality | 104.84% | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 1.07 |
F-Score4
WACC7.32%
ROIC/WACC0.93
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)-32.86%
EPS 3YN/A
EPS 5Y9.41%
EPS Q2Q%-43.62%
EPS Next Y-18.79%
EPS Next 2Y-3.51%
EPS Next 3Y-3.14%
EPS Next 5YN/A
Revenue 1Y (TTM)6.98%
Revenue growth 3Y35.54%
Revenue growth 5Y7.83%
Sales Q2Q%7.73%
Revenue Next Year8.27%
Revenue Next 2Y8.3%
Revenue Next 3Y7.43%
Revenue Next 5YN/A
EBIT growth 1Y-5.66%
EBIT growth 3YN/A
EBIT growth 5Y12.89%
EBIT Next Year53.02%
EBIT Next 3Y22.13%
EBIT Next 5Y14.01%
FCF growth 1Y-34.29%
FCF growth 3Y70.69%
FCF growth 5Y-3.57%
OCF growth 1Y8.97%
OCF growth 3Y73.02%
OCF growth 5Y10.2%
RYMAN HOSPITALITY PROPERTIES / RHP FAQ
Can you provide the ChartMill fundamental rating for RYMAN HOSPITALITY PROPERTIES?
ChartMill assigns a fundamental rating of 4 / 10 to RHP.
What is the valuation status of RYMAN HOSPITALITY PROPERTIES (RHP) stock?
ChartMill assigns a valuation rating of 4 / 10 to RYMAN HOSPITALITY PROPERTIES (RHP). This can be considered as Fairly Valued.
Can you provide the profitability details for RYMAN HOSPITALITY PROPERTIES?
RYMAN HOSPITALITY PROPERTIES (RHP) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for RHP stock?
The Price/Earnings (PE) ratio for RYMAN HOSPITALITY PROPERTIES (RHP) is 25.25 and the Price/Book (PB) ratio is 7.93.
What is the earnings growth outlook for RYMAN HOSPITALITY PROPERTIES?
The Earnings per Share (EPS) of RYMAN HOSPITALITY PROPERTIES (RHP) is expected to decline by -18.79% in the next year.