Ryman (RHP) AI Stock Analysis

• Market Cap: $5.24B
• Dividend Yield: 5.71%
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): 20.4
• Beta (1Y): 0.94
• Revenue Growth: 8.39%
• EPS Growth: -15.41%
• Country: US
• Employees: 1,047
• Sector: Real Estate
• Sector Strength: 86
• Industry: REIT - Hotel & Motel
• EPS (TTM): 4.33
• Shares Outstanding: 60,000,730
• 10 Day Avg. Volume: 1,303,992
• 30 Day Avg. Volume: 1,447,008
• PEG Ratio: 0.43
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.42
• Price to Cash Flow (P/CF): 8.50
• P/FCF Ratio: 10.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $115.29
• Price Target Upside: 32.14% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

Ryman's overall score reflects its solid revenue growth and strong balance sheet, crucial factors for stability in the REIT sector. However, declining profit margins, cash flow concerns, and a bearish technical outlook present risks. The company's reasonable valuation and attractive dividend yield offer some offsetting positives, while the earnings call guidance highlights both strategic growth initiatives and anticipated challenges due to construction impacts.

Positive Factors

Future Growth

RHP is well-positioned post 2025 with growth pace projected at 12% in 2026 and 10% in 2027.

Monetization Opportunity

The ultimate monetization of Opryland Entertainment Group is expected to be a positive catalyst that unlocks value.

Revenue Growth

Group revenue pace increased to 3% at quarter-end from 2% at the previous quarter-end, including ADR up by 4%.

Negative Factors

Competitive Challenges

The opening of Gaylord Pacific may pose a long-term headwind with a rotation of groups between Gaylord properties.

Leisure Segment Performance

Fourth quarter was light on weaker leisure with ICE! spend disappointing.

Renovation Disruption

Renovation disruption is anticipated to be a headwind in 2025, with multiple ongoing projects reflected in modest group pace of 2%.

Ryman Business Overview & Revenue Model

Company Description

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. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. These convention center resorts operate under the Gaylord Hotels brand and are managed by Marriott International. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,110 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company's Entertainment segment includes a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium, WSM 650 AM; Ole Red and Circle, a country lifestyle media network the Company owns in a joint-venture with Gray Television. The Company operates its Entertainment segment as part of a taxable REIT subsidiary. * The Company is the sole owner of Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; and Gaylord National Resort & Convention Center. It is the majority owner and managing member of the joint venture that owns the Gaylord Rockies Resort & Convention Center.

How the Company Makes Money

Ryman Healthcare makes money primarily through the development and management of retirement villages and aged care facilities. The company generates revenue from the sale of occupancy rights to its retirement units and ongoing service fees charged to residents for various levels of care and amenities. Additional income streams include deferred management fees, which are a percentage of the resale value of the units when they are vacated and resold, and fees for care services provided to residents in assisted living and care facilities. The company also benefits from property value appreciation and development profits from building new villages. Significant partnerships with healthcare providers and real estate developers further enhance its revenue-generating capabilities.

Ryman Financial Statement Overview

Summary

Ryman demonstrates strong revenue growth and a debt-free balance sheet, enhancing financial stability. However, declining profit margins and the absence of cash flow in 2024 highlight operational efficiency and cash management challenges.

Income Statement

Ryman's revenue has shown consistent growth over the years, notably recovering from a challenging 2020. The gross profit margin is robust at 70.26% in 2024, showcasing strong cost management. However, the net profit margin has slightly decreased from 14.42% in 2023 to 13.16% in 2024, indicating a need for improved operational efficiency. EBIT and EBITDA margins have also slightly decreased, suggesting potential pressure on earnings before interest and taxes.

Balance Sheet

The company's balance sheet shows a strong equity position with zero total debt in 2024, indicating excellent financial health and low leverage risk. The equity ratio has improved to 10.52%, demonstrating increased shareholder equity relative to total assets. However, the stockholders' equity has decreased compared to prior years, which could limit future investment capacity.

Cash Flow

Ryman's cash flow statement indicates challenges, with no reported operating or free cash flow in 2024, which may impact liquidity and operational flexibility. The company previously demonstrated a healthy free cash flow to net income ratio, but the absence of cash flow figures in 2024 suggests potential cash management issues.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.34B	2.16B	1.81B	939.37M	524.48M
	Gross Profit
1.64B	666.22M	579.75M	200.70M	-26.67M
	EBIT
490.83M	453.68M	327.15M	-61.87M	-303.83M
	EBITDA
755.05M	664.91M	524.15M	155.86M	-102.87M
	Net Income Common Stockholders
271.64M	311.22M	128.99M	-194.80M	-460.82M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
477.69M	591.83M	334.19M	140.69M	56.70M
	Total Assets
5.22B	5.19B	4.04B	3.58B	3.56B
	Total Debt
3.51B	3.51B	2.99B	3.05B	2.77B
	Net Debt
3.04B	2.91B	2.65B	2.91B	2.71B
	Total Liabilities
4.28B	4.27B	3.63B	3.60B	3.24B
	Stockholders Equity
548.98M	569.15M	95.90M	-22.39M	205.30M
Cash Flow		Free Cash Flow
168.60M	350.28M	330.41M	89.25M	9.82M
	Operating Cash Flow
576.51M	557.06M	419.93M	111.25M	-161.52M
	Investing Cash Flow
-410.40M	-1.01B	-189.31M	-289.74M	-172.65M
	Financing Cash Flow
-290.32M	711.87M	50.71M	261.73M	-6.47M

Ryman Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 87.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RHP, the sentiment is Negative. The current price of 87.25 is below the 20-day moving average (MA) of 91.04, below the 50-day MA of 96.17, and below the 200-day MA of 101.46, indicating a bearish trend. The MACD of -1.80 indicates Positive momentum. The RSI at 42.26 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RHP.

Ryman Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HST	74 Outperform	$9.86B	14.36	10.53%	6.30%	7.02%	-4.78%
APLE	72 Outperform	$2.91B	13.74	6.50%	9.01%	6.52%	14.45%
SHO	68 Neutral	$1.61B	58.39	2.01%	4.66%	-8.18%	-85.42%
PK	66 Neutral	$2.03B	9.97	5.68%	11.30%	-3.67%	122.68%
RHP	65 Neutral	$5.24B	20.44	48.59%	5.71%	8.39%	-15.41%
PEB	64 Neutral	$1.11B	―	-0.16%	0.52%	2.35%	57.81%
Sector *	61 Neutral	$4.31B	16.14	-3.60%	11.88%	6.17%	-20.99%

Ryman Corporate Events

Ryman Announces Board Member Resignation and Compensation

On March 17, 2025, Ryman Hospitality Properties, Inc. announced the resignation of Fazal F. Merchant from its Board of Directors, Audit Committee, and Risk Committee, following his acceptance of a new position with Wiz, Inc. The resignation was not due to any disagreement with the company. In recognition of his service, the Board approved the payment of his quarterly cash compensation and accelerated the vesting of his restricted stock units. Consequently, the Board reduced its size from ten to nine members.