Ryman Hospitality Properties
Market Cap
US$5.0b
Last Updated
2020/02/16 23:40 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: RHP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
5.1%
RHP
3.0%
US REITs
1.5%
US Market
1 Year Return
7.8%
RHP
16.2%
US REITs
20.1%
US Market
Return vs Industry: RHP underperformed the US REITs industry which returned 16.2% over the past year.
Return vs Market: RHP underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| RHP | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.1% | 3.0% | 1.5% |
| 30 Day | 5.2% | 4.5% | 1.4% |
| 90 Day | 3.4% | 6.1% | 8.7% |
| 1 Year | 12.6%7.8% | 20.9%16.2% | 22.7%20.1% |
| 3 Year | 62.3%41.4% | 40.7%23.1% | 50.1%40.5% |
| 5 Year | 103.6%59.2% | 57.9%25.3% | 73.1%54.1% |
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
1 week ago | Simply Wall St
Is Now An Opportune Moment To Examine Ryman Hospitality Properties, Inc. (NYSE:RHP)?3 weeks ago | Simply Wall St
Is Ryman Hospitality Properties, Inc.'s (NYSE:RHP) CEO Pay Fair?1 month ago | Simply Wall St
Is Now The Time To Put Ryman Hospitality Properties (NYSE:RHP) On Your Watchlist?Valuation
Is Ryman Hospitality Properties undervalued compared to its fair value and its price relative to the market?
41.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RHP ($91.32) is trading below our estimate of fair value ($155.98)
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 (18x) compared to the REITs industry average (37.3x).
PE vs Market: RHP is good value based on its PE Ratio (18x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: RHP is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: RHP is overvalued based on its PB Ratio (14.9x) compared to the US REITs industry average (2.1x).
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?
8.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RHP's forecast earnings growth (8.3% per year) is above the savings rate (1.7%).
Earnings vs Market: RHP's earnings (8.3% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: RHP's earnings are forecast to grow, but not significantly.
Revenue vs Market: RHP's revenue (5.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: RHP's revenue (5.4% 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 (74.5%).
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
Quality Earnings: RHP has a large one-off gain of $108.9M impacting its September 30 2019 financial results.
Growing Profit Margin: RHP's current net profit margins (17.2%) are higher than last year (14.2%).
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 (46.4%) exceeds its 5-year average (19% per year).
Earnings vs Industry: RHP earnings growth over the past year (46.4%) exceeded the REITs industry 6.9%.
Return on Equity
High ROE: Whilst RHP's Return on Equity (42.15%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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?
3.94%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RHP's dividend (3.94%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: RHP's dividend (3.94%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
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 (55.1%), 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 (0.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.1yrs
Average management tenure
CEO
Colin Reed (71yo)
18.8yrs
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 ($USD6.26M).
Compensation vs Earnings: Colin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 18.8yrs | US$4.99m | 1.33% $65.8m | |
| President & CFO | 4.9yrs | US$2.04m | 0.33% $16.3m | |
| Executive VP | 7.1yrs | US$1.05m | 0.018% $881.4k | |
| Executive VP & Chief Development Officer | 3.7yrs | US$1.23m | 0.038% $1.9m | |
| Senior VP | 0yrs | no data | 0.015% $737.2k | |
| Vice President | 0yrs | no data | no data | |
| Senior Vice President of Corporate Communications | 0yrs | no data | no data | |
| Senior VP and GM of Gaylord Palms Resort & Convention Center | 10.1yrs | no data | no data | |
| Director of Strategic Planning & IR | 0yrs | no data | no data | |
| Executive VP & President of Opry Entertainment Group | 0yrs | no data | no data |
7.1yrs
Average Tenure
48.5yo
Average Age
Experienced Management: RHP's management team is seasoned and experienced (7.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 18.8yrs | US$4.99m | 1.33% $65.8m | |
| Independent Director | 10.8yrs | US$176.24k | 0.0073% $361.4k | |
| Lead Independent Director | 0yrs | US$211.24k | 0.069% $3.4m | |
| Independent Director | 2.8yrs | US$167.49k | no data | |
| Independent Director | 1yrs | no data | 0.00037% $18.3k | |
| Independent Director | 2.3yrs | US$167.49k | 0.0035% $174.5k | |
| Independent Director | 4.8yrs | US$186.24k | no data | |
| Independent Director | 3.9yrs | US$167.49k | 0.0078% $385.7k |
3.9yrs
Average Tenure
49yo
Average Age
Experienced Board: RHP's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RHP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$4.957b
- Shares outstanding: 54.28m
- Website: https://www.rymanhp.com
Number of Employees
Location
- Ryman Hospitality Properties, Inc.
- One Gaylord Drive
- Nashville
- Tennessee
- 37214
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RHP | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1997 |
| 4RH | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 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 include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc. under the Gaylord Hotels brand. The Company is a joint venture owner of the 1,501-room Gaylord Rockies Resort & Convention Center, which is also managed by Marriott International, Inc. under the Gaylord Hotels brand. Other owned assets managed by Marriott International, Inc. include Gaylord Springs Golf Links, the Wildhorse Saloon, the General Jackson Showboat, The Inn at Opryland, a 303-room overflow hotel adjacent to Gaylord Opryland and AC Hotel Washington, DC at National Harbor, a 192-room hotel near Gaylord National. The Company also owns and operates media and entertainment assets, including the Grand Ole Opry (opry.com), the legendary weekly showcase of country music’s finest performers for over 90 years; the Ryman Auditorium, the storied former home of the Grand Ole Opry located in downtown Nashville; 650 AM WSM, the Opry’s radio home; and Ole Red, a country lifestyle and entertainment brand.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:40 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.