NYSE:RHP

Stock Analysis Report

Ryman Hospitality Properties

Executive Summary

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets.

Snowflake

Fundamentals

Good value with proven track record and pays a dividend.


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


Market Performance


7 Day Return

2.9%

RHP

1.5%

US REITs

0.5%

US Market


1 Year Return

12.0%

RHP

20.3%

US REITs

6.8%

US Market

Return vs Industry: RHP underperformed the US REITs industry which returned 20.3% over the past year.

Return vs Market: RHP exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

RHPIndustryMarket
7 Day2.9%1.5%0.5%
30 Day2.7%1.7%-0.8%
90 Day11.9%7.6%-0.9%
1 Year17.2%12.0%25.7%20.3%9.2%6.8%
3 Year94.8%69.5%35.8%18.5%45.6%36.2%
5 Year126.1%76.9%64.6%29.8%63.2%45.4%

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?

40.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RHP ($84.32) is trading below our estimate of fair value ($141.77)

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


Price To Earnings Ratio

PE vs Industry: RHP is good value based on its PE Ratio (16.6x) compared to the REITs industry average (36.2x).

PE vs Market: RHP is good value based on its PE Ratio (16.6x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: RHP is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: RHP is overvalued based on its PB Ratio (9.9x) compared to the US REITs industry average (2x).


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?

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RHP's forecast earnings growth (4.2% per year) is above the savings rate (2.7%).

Earnings vs Market: RHP's earnings (4.2% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: RHP's earnings are forecast to grow, but not significantly.

Revenue vs Market: RHP's revenue (4.5% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: RHP's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RHP's Return on Equity is forecast to be very high in 3 years time (52.5%).


Next Steps

Past Performance

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

19.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: RHP's earnings have grown by 19% per year over the past 5 years.

Accelerating Growth: RHP's earnings growth over the past year (45.5%) exceeds its 5-year average (19% per year).

Earnings vs Industry: RHP earnings growth over the past year (45.5%) exceeded the REITs industry 17.6%.


Return on Equity

High ROE: Whilst RHP's Return on Equity (34.69%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: RHP has a higher Return on Assets than the REITs industry average last year.


Return on Capital Employed

ROCE Improving: RHP's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Ryman Hospitality Properties's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: RHP has a high level of physical assets or inventory.

Debt Coverage by Assets: RHP's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: RHP's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if RHP has a sufficient allowance for bad loans.

Low Risk Liabilities: RHP reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if RHP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: RHP has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if RHP has an appropriate level of bad loans.


Next Steps

Dividend

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

4.27%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%1.4%markettop25%3.7%industryaverage3.6%forecastin3Years4.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: RHP's dividend (4.27%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: RHP's dividend (4.27%) is in the top 25% of dividend payers in the US market (3.73%)

Stable Dividend: Whilst dividend payments have been stable, RHP has been paying a dividend for less than 10 years.

Growing Dividend: RHP's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.1%), RHP's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RHP's dividends in 3 years are forecast to be thoroughly covered by earnings (1% payout ratio).


Next Steps

Management

What is the CEO of Ryman Hospitality Properties's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average management tenure


CEO

Colin Reed (71yo)

18.5yrs

Tenure

US$4,992,700

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 ($USD4.99M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Colin's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.8yrs

Average Tenure

48.5yo

Average Age

Experienced Management: RHP's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

3.6yrs

Average Tenure

49yo

Average Age

Experienced Board: RHP's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: RHP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,077,29112 Aug 19
Colin Reed
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares13,585
Max PriceUS$79.30
BuyUS$24,20117 May 19
GAMCO Investors, Inc.
EntityCompany
Shares2,160
Max PriceUS$84.66
SellUS$1,086,99617 May 19
GAMCO Investors, Inc.
EntityCompany
Shares126,507
Max PriceUS$87.38
SellUS$269,91314 May 19
Scott Lynn
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares3,250
Max PriceUS$83.05
SellUS$155,87514 Mar 19
Jennifer Hutcheson
EntityIndividual
Role
Chief Accounting Officer
Senior VP
Shares1,892
Max PriceUS$82.39
SellUS$166,78112 Mar 19
Patrick Chaffin
EntityIndividual
Shares2,000
Max PriceUS$83.39
BuyUS$503,50804 Mar 19
Colin Reed
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares6,106
Max PriceUS$82.46
SellUS$100,45929 Nov 18
Alvin Bowles
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,326
Max PriceUS$75.76
BuyUS$988,12014 Nov 18
Colin Reed
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares13,031
Max PriceUS$75.83

Ownership Breakdown


Management Team

  • Colin Reed (71yo)

    Chairman & CEO

    • Tenure: 18.5yrs
    • Compensation: US$4.99m
  • Mark Fioravanti (57yo)

    President & CFO

    • Tenure: 4.6yrs
    • Compensation: US$2.04m
  • Brian Abrahamson

    Senior Vice President of Corporate Communications

    • Tenure: 0yrs
  • Ray Keeler (43yo)

    Director of Strategic Planning & IR

    • Tenure: 0yrs
  • Steve Buchanan

    Executive VP & President of Opry Entertainment Group

    • Tenure: 0yrs
  • Johann Krieger

    Senior VP and GM of Gaylord Palms Resort & Convention Center

    • Tenure: 9.8yrs
  • Todd Siefert

    Vice President

    • Tenure: 0yrs
  • Bennett Westbrook (52yo)

    Executive VP & Chief Development Officer

    • Tenure: 3.3yrs
    • Compensation: US$1.23m
  • Jennifer Hutcheson (41yo)

    Senior VP

    • Tenure: 0yrs
  • Scott Lynn (45yo)

    Executive VP

    • Tenure: 6.8yrs
    • Compensation: US$1.05m

Board Members

  • Colin Reed (71yo)

    Chairman & CEO

    • Tenure: 18.5yrs
    • Compensation: US$4.99m
  • Bob Prather (74yo)

    Independent Director

    • Tenure: 10.4yrs
    • Compensation: US$176.24k
  • Michael Roth (74yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$211.24k
  • Alvin Bowles (45yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$167.49k
  • Chris Pantoya

    Independent Director

    • Tenure: 0.7yrs
  • Fazal Merchant (45yo)

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: US$167.49k
  • Patrick Moore (49yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$186.24k
  • Rachna Bhasin (46yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$167.49k

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$4.287b
  • Shares outstanding: 50.84m
  • 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 REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company’s owned assets in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:37
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.