Ryman (RHP) AI Stock Analysis

• Market Cap: $6.18B
• Dividend Yield: 4.57%
• Average Volume (3M): 566.57K
• Price to Earnings (P/E): 21.3
• Beta (1Y): 0.88
• Revenue Growth: 9.27%
• EPS Growth: -2.13%
• Country: US
• Employees: 1,047
• Sector: Real Estate
• Sector Strength: 63
• Industry: REIT - Hotel & Motel
• EPS (TTM): 1.00
• Shares Outstanding: 62,600,864
• 10 Day Avg. Volume: 574,824
• 30 Day Avg. Volume: 566,568
• PEG Ratio: 2.89
• Price to Book (P/B): 11.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 28.32
• Enterprise Value/Market Cap: 1.53
• Enterprise Value/Revenue: 1.01
• Enterprise Value/Gross Profit: 11.87
• Enterprise Value/Ebitda: 3.15
• 1Y Price Target: $113.86
• Price Target Upside: 14.29% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 76 Outperform
• Price Target: $110.00 ▲(10.42%Upside)

Ryman's overall stock score is driven by strong financial performance and corporate events, such as the strategic acquisition of a premier resort. While technical analysis and earnings call sentiment are positive, high leverage and economic uncertainty pose risks. Investors should consider the attractive dividend but remain cautious of potential volatility due to debt levels.

Positive Factors

Acquisition

The acquisition of JW Marriott Desert Ridge was completed earlier than expected, which is anticipated to contribute positively to earnings.

Financial Performance

RHP started off the year on a positive note with 1Q AFFOps of $2.08 beating consensus.

Strategic Positioning

RHP remains uniquely positioned within lodging as group exposure provides best-in-class earnings visibility.

Negative Factors

Acquisition Cost

The acquisition price is elevated at $910.5 per key and 12.7 times 2024 EBITDA.

Leverage Impact

Post acquisition, leverage is estimated to increase from 3.9 times to approximately 4.3 times.

Valuation Concerns

Despite plans for spinning off Opry Entertainment Group, there are concerns about investor hesitance due to valuation complexity and the need for more scale.

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 sale and operation of its retirement villages and aged care facilities. Key revenue streams include the sale of independent living units and serviced apartments to residents, who typically enter into long-term occupancy agreements. Additionally, Ryman charges ongoing fees for services provided, such as care services and village maintenance. The company also earns revenue from its aged care facilities, where residents pay for various levels of care and accommodation. Significant factors contributing to Ryman's earnings include the aging population in its operating regions and its strong reputation for delivering high-quality care and living environments.

Ryman Financial Statement Overview

Summary

Ryman's financial performance shows strong recovery and growth in key metrics, such as revenue growth and improved profitability margins. However, high leverage is a significant risk factor. The company effectively manages cash flow, supporting operations and growth, but managing debt levels is crucial for future stability.

Income Statement

Ryman has shown a strong recovery and growth trajectory in its income statement. The Gross Profit Margin is healthy at 33.2% in TTM, improving from previous years. The Net Profit Margin also improved significantly to 12.2% in TTM. Revenue has grown consistently year-on-year, with a notable increase of 32.5% from 2022 to 2023. EBIT and EBITDA margins are strong, indicating efficient operations and cost management. The recovery from the pandemic-driven downturn is evident, although past losses highlight potential volatility.

Balance Sheet

The balance sheet shows a high Debt-to-Equity Ratio of 6.60 in TTM, indicating significant leverage, which poses a risk. However, the Return on Equity (ROE) is robust at 54.8% in TTM, reflecting effective use of equity. The Equity Ratio is low at 10.1%, suggesting heavy reliance on debt financing. While the company has shown financial improvement, the high leverage remains a concern.

Cash Flow

Ryman's cash flow statements reflect strong operational cash generation, with Operating Cash Flow at $667M in TTM and a solid Operating Cash Flow to Net Income Ratio of 2.29. Free Cash Flow has grown year-on-year, showing positive cash management. The Free Cash Flow to Net Income Ratio is 0.78, indicating good cash earnings quality. The company has managed significant capital expenditures while maintaining positive cash flow, but the high debt may pressure future cash flows.

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	772.63M	666.22M	579.75M	200.70M	-26.67M
EBITDA	755.05M	664.91M	524.15M	155.86M	-102.87M
Net Income	271.64M	311.22M	128.99M	-194.80M	-460.82M
Balance Sheet
Total Assets	5.22B	5.19B	4.04B	3.58B	3.56B
Cash, Cash Equivalents and Short-Term Investments	477.69M	591.83M	334.19M	140.69M	56.70M
Total Debt	3.51B	3.51B	2.99B	3.05B	2.77B
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: Positive
• Last Price: 99.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RHP, the sentiment is Positive. The current price of 99.62 is below the 20-day moving average (MA) of 101.25, above the 50-day MA of 98.44, and above the 200-day MA of 99.47, indicating a neutral trend. The MACD of 0.37 indicates Positive momentum. The RSI at 49.03 is Neutral, neither overbought nor oversold. The STOCH value of 16.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RHP.

Ryman Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RHP	76 Outperform	$6.18B	21.30	54.93%	4.57%	9.27%	-2.13%
HST	73 Outperform	$11.48B	17.16	10.12%	5.44%	7.52%	-5.25%
APLE	71 Outperform	$2.99B	15.84	5.84%	8.04%	4.98%	-7.08%
PK	71 Outperform	$2.24B	18.91	3.46%	12.48%	-3.68%	35.35%
PEB	69 Neutral	$1.25B	―	-0.33%	0.38%	2.18%	56.00%
SHO	64 Neutral	$1.78B	92.55	1.66%	3.99%	-3.90%	-89.21%
Sector *	54 Neutral	$1.23B	3.78	0.67%	6.00%	-2.39%	-129.28%

Ryman Corporate Events

Ryman Completes Acquisition of JW Marriott Resort

On June 10, 2025, Ryman Hospitality Properties, Inc. completed the acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa for approximately $865 million. This acquisition, funded through a public stock offering and private placement of senior notes, enhances Ryman’s portfolio with a premier resort featuring extensive amenities and meeting spaces. The integration of this property is expected to create significant value opportunities, reinforcing Ryman’s position in the upscale hospitality market.

The most recent analyst rating on (RHP) stock is a Buy with a $133.00 price target. To see the full list of analyst forecasts on Ryman stock, see the RHP Stock Forecast page.

Ryman Issues $625M Notes for Resort Acquisition

On June 4, 2025, Ryman Hospitality Properties, Inc. and its subsidiaries issued $625 million in senior notes to fund the acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa. The notes, due in 2033, are part of a larger financial strategy that includes a public stock offering to cover the $865 million purchase price. The issuance of these notes is a significant move for Ryman, as it strengthens its portfolio in the upscale hospitality sector, potentially enhancing its market position and offering new opportunities for stakeholders.

The most recent analyst rating on (RHP) stock is a Buy with a $111.00 price target. To see the full list of analyst forecasts on Ryman stock, see the RHP Stock Forecast page.

Ryman Completes $275 Million Stock Offering

On May 19, 2025, Ryman Hospitality Properties, Inc. entered into an underwriting agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc., and J.P. Morgan Securities LLC for the issuance and sale of 2,600,000 shares of common stock at $96.20 per share. The underwriters exercised an option to purchase an additional 390,000 shares, closing the offering on May 21, 2025, with net proceeds of approximately $275 million. The agreement includes customary representations, warranties, and indemnification provisions, and some underwriters have existing commercial relationships with the company.

The most recent analyst rating on (RHP) stock is a Buy with a $133.00 price target. To see the full list of analyst forecasts on Ryman stock, see the RHP Stock Forecast page.

Ryman Announces Acquisition of JW Marriott Phoenix

On May 19, 2025, Ryman Hospitality Properties, Inc. announced its subsidiary’s agreement to acquire the JW Marriott Phoenix Desert Ridge Resort & Spa for approximately $865 million. This acquisition, expected to close in the second or third quarter of 2025, aims to expand Ryman’s presence in the Western U.S. and enhance shareholder value through synergies with existing assets. However, the acquisition carries risks, including integration challenges and potential undiscovered liabilities, which could impact Ryman’s financial position and operations.

The most recent analyst rating on (RHP) stock is a Buy with a $133.00 price target. To see the full list of analyst forecasts on Ryman stock, see the RHP Stock Forecast page.

Ryman Approves Key Proposals at Annual Meeting

On May 8, 2025, Ryman Hospitality Properties, Inc. held its annual meeting of stockholders where several proposals were approved. These included the election of nine directors to the board, approval of executive compensation, and ratification of Ernst & Young LLP as the independent registered public accounting firm for the 2025 fiscal year. The meeting saw significant shareholder participation, with over 54 million shares represented.