RYMAN HOSPITALITY PROPERTIES (RHP) Stock Fundamental Analysis
NYSE:RHP - New York Stock Exchange, Inc. - US78377T1079 - REIT - Currency: USD
We assign a fundamental rating of 4 out of 10 to RHP. RHP was compared to 129 industry peers in the Diversified REITs industry. RHP has only an average score on both its financial health and profitability. 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.
The reported net income has been mixed in the past 5 years: RHP reported negative net income in multiple years.
In multiple years RHP reported negative operating cash flow during the last 5 years.
1.2 Ratios
RHP has a Return On Assets of 6.63%. This is amongst the best in the industry. RHP outperforms 96.83% of its industry peers.
The Return On Equity of RHP (62.51%) is better than 99.21% of its industry peers.
The Return On Invested Capital of RHP (8.46%) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.63% | ||
| ROE | 62.51% | ||
| ROIC | 8.46% |
ROA(3y)1.42%
ROA(5y)-0.78%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 14.84%, RHP is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
In the last couple of years the Profit Margin of RHP has declined.
RHP has a Operating Margin (21.25%) which is comparable to the rest of the industry.
RHP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 33.24%, RHP is doing worse than 88.89% of the companies in the same industry.
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 | 21.25% | ||
| PM (TTM) | 14.84% | ||
| GM | 33.24% |
OM growth 3YN/A
OM growth 5Y2.4%
PM growth 3YN/A
PM growth 5Y-7.03%
GM growth 3YN/A
GM growth 5Y1.2%
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.
There is no outstanding debt for RHP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that RHP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of RHP (1.36) is better than 84.92% of its industry peers.
RHP has a debt to FCF ratio of 17.29. This is a negative value and a sign of low solvency as RHP would need 17.29 years to pay back of all of its debts.
The Debt to FCF ratio of RHP (17.29) is better than 76.98% of its industry peers.
A Debt/Equity ratio of 6.11 is on the high side and indicates that RHP has dependencies on debt financing.
RHP has a Debt to Equity ratio of 6.11. This is amonst the worse of the industry: RHP underperforms 89.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.11 | ||
| Debt/FCF | 17.29 | ||
| Altman-Z | 1.36 |
ROIC/WACC1.13
WACC7.51%
2.3 Liquidity
RHP has a Current Ratio of 1.24. This is a normal value and indicates that RHP is financially healthy and should not expect problems in meeting its short term obligations.
RHP has a Current ratio (1.24) which is in line with its industry peers.
RHP has a Quick Ratio of 1.24. This is a normal value and indicates that RHP is financially healthy and should not expect problems in meeting its short term obligations.
RHP has a Quick ratio of 1.24. This is comparable to the rest of the industry: RHP outperforms 57.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.24 |
3. Growth
3.1 Past
RHP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.44%.
The Earnings Per Share has been growing by 14.08% on average over the past years. This is quite good.
EPS 1Y (TTM)4.44%
EPS 3YN/A
EPS 5Y14.08%
EPS Q2Q%-9.28%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.3%
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 1.83% on average per year.
The Revenue is expected to grow by 5.57% on average over the next years.
EPS Next Y-7.77%
EPS Next 2Y1.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.33%
Revenue Next 2Y4.48%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.20, the valuation of RHP can be described as rather expensive.
84.13% of the companies in the same industry are more expensive than RHP, based on the Price/Earnings ratio.
RHP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.63.
The Price/Forward Earnings ratio is 19.73, which indicates a rather expensive current valuation of RHP.
Based on the Price/Forward Earnings ratio, RHP is valued cheaper than 89.68% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, RHP is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.2 | ||
| Fwd PE | 19.73 |
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 66.67% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, RHP is valued a bit cheaper than the industry average as 62.70% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.22 | ||
| EV/EBITDA | 12.47 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.29
EPS Next 2Y1.83%
EPS Next 3YN/A
5. Dividend
5.1 Amount
RHP has a Yearly Dividend Yield of 4.29%, which is a nice return.
RHP's Dividend Yield is comparable with the industry average which is at 18.40.
RHP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
5.2 History
The dividend of RHP decreases each year by -1.62%.
RHP has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of RHP decreased in the last 3 years.
Dividend Growth(5Y)-1.62%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
RHP pays out 75.32% of its income as dividend. This is not a sustainable payout ratio.
DP75.32%
EPS Next 2Y1.83%
EPS Next 3YN/A
98.44
-5.2 (-5.02%)
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 Change2.54%
Ins Owners2.54%
Ins Owner Change-0.33%
Market Cap5.90B
Analysts83.53
Price Target129.38 (31.43%)
Short Float %5.96%
Short Ratio7.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
Yearly Dividend3.1
Dividend Growth(5Y)-1.62%
DP75.32%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.2%
Min EPS beat(2)20.48%
Max EPS beat(2)21.92%
EPS beat(4)3
Avg EPS beat(4)39.39%
Min EPS beat(4)-16.03%
Max EPS beat(4)131.19%
EPS beat(8)5
Avg EPS beat(8)40.06%
EPS beat(12)8
Avg EPS beat(12)-6.37%
EPS beat(16)11
Avg EPS beat(16)0.45%
Revenue beat(2)1
Avg Revenue beat(2)0.87%
Min Revenue beat(2)-0.25%
Max Revenue beat(2)2%
Revenue beat(4)2
Avg Revenue beat(4)0.25%
Min Revenue beat(4)-1.46%
Max Revenue beat(4)2%
Revenue beat(8)4
Avg Revenue beat(8)2.3%
Revenue beat(12)7
Avg Revenue beat(12)3.43%
Revenue beat(16)10
Avg Revenue beat(16)3.05%
PT rev (1m)0.33%
PT rev (3m)1.65%
EPS NQ rev (1m)-0.44%
EPS NQ rev (3m)-1.9%
EPS NY rev (1m)0.06%
EPS NY rev (3m)0.66%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)-1.24%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.2 | ||
| Fwd PE | 19.73 | ||
| P/S | 2.54 | ||
| P/FCF | 30.22 | ||
| P/OCF | 9.88 | ||
| P/B | 10.68 | ||
| P/tB | 13.6 | ||
| EV/EBITDA | 12.47 |
EPS(TTM)5.41
EY5.5%
EPS(NY)4.99
Fwd EY5.07%
FCF(TTM)3.26
FCFY3.31%
OCF(TTM)9.97
OCFY10.13%
SpS38.81
BVpS9.21
TBVpS7.24
PEG (NY)N/A
PEG (5Y)1.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.63% | ||
| ROE | 62.51% | ||
| ROCE | 10.9% | ||
| ROIC | 8.46% | ||
| ROICexc | 9.59% | ||
| ROICexgc | 9.89% | ||
| OM | 21.25% | ||
| PM (TTM) | 14.84% | ||
| GM | 33.24% | ||
| FCFM | 8.39% |
ROA(3y)1.42%
ROA(5y)-0.78%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y19.3%
ROICexc growth 3YN/A
ROICexc growth 5Y19.71%
OM growth 3YN/A
OM growth 5Y2.4%
PM growth 3YN/A
PM growth 5Y-7.03%
GM growth 3YN/A
GM growth 5Y1.2%
F-Score7
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.11 | ||
| Debt/FCF | 17.29 | ||
| Debt/EBITDA | 4.65 | ||
| Cap/Depr | 173.73% | ||
| Cap/Sales | 17.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.32% | ||
| Profit Quality | 56.56% | ||
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.24 | ||
| Altman-Z | 1.36 |
F-Score7
WACC7.51%
ROIC/WACC1.13
Cap/Depr(3y)73.66%
Cap/Depr(5y)73.85%
Cap/Sales(3y)9.33%
Cap/Sales(5y)13.81%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.44%
EPS 3YN/A
EPS 5Y14.08%
EPS Q2Q%-9.28%
EPS Next Y-7.77%
EPS Next 2Y1.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.3%
Revenue Next Year3.33%
Revenue Next 2Y4.48%
Revenue Next 3Y5.57%
Revenue Next 5YN/A
EBIT growth 1Y10.7%
EBIT growth 3YN/A
EBIT growth 5Y13.76%
EBIT Next Year65.63%
EBIT Next 3Y22.35%
EBIT Next 5Y19.16%
FCF growth 1Y7.69%
FCF growth 3YN/A
FCF growth 5Y21.24%
OCF growth 1Y78.43%
OCF growth 3YN/A
OCF growth 5Y11.59%