NYSE:RHP

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Ryman Hospitality Properties

Executive Summary

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. More Details


Snowflake Analysis

Slightly overvalued with limited growth.


Similar Companies

Share Price & News

How has Ryman Hospitality Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RHP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-9.8%

RHP

-4.2%

US REITs

-4.1%

US Market


1 Year Return

-53.8%

RHP

-18.0%

US REITs

12.0%

US Market

Return vs Industry: RHP underperformed the US REITs industry which returned -18% over the past year.

Return vs Market: RHP underperformed the US Market which returned 12% over the past year.


Shareholder returns

RHPIndustryMarket
7 Day-9.8%-4.2%-4.1%
30 Day7.8%-2.6%-0.2%
90 Day23.9%-5.9%2.8%
1 Year-52.1%-53.8%-14.7%-18.0%14.6%12.0%
3 Year-31.5%-39.7%8.5%-4.1%35.8%26.8%
5 Year-10.9%-29.7%35.5%8.4%75.2%55.6%

Price Volatility Vs. Market

How volatile is Ryman Hospitality Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ryman Hospitality Properties undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RHP ($39.66) is trading below our estimate of fair value ($469.43)

Significantly Below Fair Value: RHP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RHP is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: RHP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RHP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RHP is overvalued based on its PB Ratio (5.5x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

How is Ryman Hospitality Properties forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

80.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RHP is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: RHP is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: RHP is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: RHP's revenue (26.7% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: RHP's revenue (26.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RHP's Return on Equity is forecast to be low in 3 years time (9.4%).


Next Steps

Past Performance

How has Ryman Hospitality Properties performed over the past 5 years?

-1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RHP is currently unprofitable.

Growing Profit Margin: RHP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RHP is unprofitable, and losses have increased over the past 5 years at a rate of 1.2% per year.

Accelerating Growth: Unable to compare RHP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RHP is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (8.1%).


Return on Equity

High ROE: RHP has a negative Return on Equity (-33.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ryman Hospitality Properties's financial position?


Financial Position Analysis

Short Term Liabilities: RHP's short term assets ($336.5M) exceed its short term liabilities ($160.1M).

Long Term Liabilities: RHP's short term assets ($336.5M) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: RHP's debt to equity ratio (487.7%) is considered high.

Reducing Debt: RHP's debt to equity ratio has increased from 391.2% to 487.7% over the past 5 years.

Debt Coverage: RHP's debt is not well covered by operating cash flow (4%).

Interest Coverage: RHP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Ryman Hospitality Properties's current dividend yield, its reliability and sustainability?

1.48%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RHP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RHP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RHP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RHP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RHP is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RHP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Colin Reed (72 yo)

19.5yrs

Tenure

US$6,191,608

Compensation

Mr. Colin V. Reed serves as the President at RHP Property GT, LLC. Mr. Reed has been the Chief Executive Officer of Ryman Hospitality Properties, Inc. since April 2001. Mr. Reed serves as the Chief Executi ...


CEO Compensation Analysis

Compensation vs Market: Colin's total compensation ($USD6.19M) is above average for companies of similar size in the US market ($USD4.53M).

Compensation vs Earnings: Colin's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Colin Reed
Chairman & CEO19.5yrsUS$6.19m1.49%
$ 32.1m
Mark Fioravanti
President & CFO5.58yrsUS$2.62m0.38%
$ 8.2m
Patrick Chaffin
Executive VP & COO1.42yrsUS$1.86m0.035%
$ 744.0k
Scott Lynn
Executive VP7.75yrsUS$1.40m0.027%
$ 580.5k
Jennifer Hutcheson
Executive VP2.42yrsno data0.019%
$ 404.0k
Todd Siefert
Vice Presidentno datano datano data
Brian Abrahamson
Senior Vice President of Corporate Communicationsno datano datano data
Johann Krieger
Senior VP and GM of Gaylord Palms Resort & Convention Center10.75yrsno datano data
Raymond Keeler
Director of Strategic Planning & IRno datano datano data
Scott Bailey
President of Opry Entertainment Groupno datano datano data

6.7yrs

Average Tenure

46yo

Average Age

Experienced Management: RHP's management team is seasoned and experienced (6.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Colin Reed
Chairman & CEO19.5yrsUS$6.19m1.49%
$ 32.1m
Robert Prather
Independent Director11.42yrsUS$192.52k0.0073%
$ 157.1k
Michael Roth
Lead Independent Directorno dataUS$220.02k0.071%
$ 1.5m
Alvin Bowles
Independent Director3.42yrsUS$175.02k0.0012%
$ 25.2k
Christine Pantoya
Independent Director1.58yrsUS$156.27k0.0027%
$ 58.2k
Fazal Merchant
Independent Director2.92yrsUS$175.02k0.0060%
$ 128.9k
Patrick Moore
Independent Director5.42yrsUS$195.02k0%
$ 0
Rachna Bhasin
Independent Director4.58yrsUS$173.77k0.010%
$ 217.6k

4.6yrs

Average Tenure

50yo

Average Age

Experienced Board: RHP's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.9%.


Top Shareholders

Company Information

Ryman Hospitality Properties, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ryman Hospitality Properties, Inc.
  • Ticker: RHP
  • Exchange: NYSE
  • Founded: 1955
  • Industry: Hotel and Resort REITs
  • Sector: Real Estate
  • Market Cap: US$2.155b
  • Shares outstanding: 54.33m
  • Website: https://www.rymanhp.com

Number of Employees


Location

  • Ryman Hospitality Properties, Inc.
  • One Gaylord Drive
  • Nashville
  • Tennessee
  • 37214
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RHPNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1997
4RHDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1997

Biography

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 04:03
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.