Ryman (RHP) AI Stock Analysis

• Market Cap: $6.06B
• Dividend Yield: 5.01%
• Average Volume (3M): 384.75K
• Price to Earnings (P/E): 25.7
• Beta (1Y): 0.69
• Revenue Growth: 6.98%
• EPS Growth: -32.02%
• Country: US
• Employees: 1,047
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Hotel & Motel
• EPS (TTM): 0.53
• Shares Outstanding: 63,004,074
• 10 Day Avg. Volume: 458,883
• 30 Day Avg. Volume: 384,745
• PEG Ratio: -1.46
• Price to Book (P/B): 11.38
• Price to Sales (P/S): 2.67
• P/FCF Ratio: 37.04
• Enterprise Value/Market Cap: 1.60
• Enterprise Value/Revenue: 3.89
• Enterprise Value/Gross Profit: 12.48
• Enterprise Value/Ebitda: 12.96
• 1Y Price Target: $111.29
• Price Target Upside: 15.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $101.00 ▲(5.02% Upside)

The score is driven primarily by solid operating recovery and cash generation, tempered by a highly levered balance sheet. Recent updates are constructive (strong group booking pace, strong liquidity, and improved credit facility terms), while technicals are neutral and valuation is mixed (good yield but a higher P/E).

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, positioning Ryman for sustained long-term success.

Strong Liquidity Position

A strong liquidity position provides Ryman with financial flexibility to invest in growth opportunities and weather economic downturns.

Successful International Expansion

International expansion into new markets enhances brand recognition and opens up additional revenue streams, supporting long-term growth.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, especially in rising interest rate environments, impacting long-term stability.

Declining Gross Margins

Declining gross margins suggest rising costs or pricing pressures, which could erode profitability and affect long-term financial health.

Entertainment Segment Challenges

Challenges in the entertainment segment could hinder growth and profitability, as competition increases and market conditions fluctuate.

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 generates revenue through multiple key streams, including direct sales of office supplies and stationery products through its physical retail stores and online platform. The company also offers a variety of services such as printing, copying, and business solutions, which contribute significantly to its income. Additionally, Ryman benefits from partnerships with various suppliers and manufacturers, allowing them to provide competitive pricing and exclusive product offerings. Seasonal promotions and bulk purchasing options further enhance its sales volume, while customer loyalty programs encourage repeat business, solidifying Ryman's revenue base.

Ryman Financial Statement Overview

Summary

Income statement and cash flow show a strong post-2020 recovery with solid profitability in 2023–2024 and consistently positive operating cash flow, but the balance sheet remains the primary constraint due to high leverage that limits flexibility and increases cycle/refinancing sensitivity.

Income Statement

Results show a strong post-2020 recovery with revenue rising each year from 2020 through 2024, and profitability materially improved versus the 2020–2021 losses. 2024 delivered solid operating and net margins with healthy earnings. However, TTM (Trailing-Twelve-Months) profitability appears weaker versus 2024 (lower net income and lower gross margin as reported), suggesting some recent margin pressure and less favorable mix/cost dynamics despite revenue reaching a new high.

Balance Sheet

The balance sheet is the key constraint. Debt levels are large relative to equity (very high leverage in 2022–2024), which reduces financial flexibility and increases sensitivity to refinancing and lodging cycle softness. While equity has improved from the negative level seen in 2021 and total assets have grown, leverage remains elevated and return on equity is boosted by the small equity base rather than purely operating strength. TTM leverage metrics are not reliable as provided (debt-to-equity shown as 0.0), so the latest clear leverage signal comes from the annual reports.

Cash Flow

Cash generation is generally solid: operating cash flow has been consistently positive since 2021 and strong in 2023–2024, supporting reinvestment and obligations. Free cash flow is positive across recent periods, though it has been volatile (down in 2024 vs. 2023, then higher in TTM (Trailing-Twelve-Months)). Free cash flow covers only a moderate portion of net income in recent periods, indicating earnings quality is decent but not exceptionally cash-rich, and cash conversion can fluctuate.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.49B	2.34B	2.16B	1.81B	939.37M	524.48M
Gross Profit	775.72M	844.30M	709.01M	579.75M	200.70M	-26.67M
EBITDA	747.09M	725.64M	670.70M	530.75M	155.86M	-102.87M
Net Income	238.37M	271.64M	311.22M	128.99M	-176.97M	-417.39M
Balance Sheet
Total Assets	6.20B	5.22B	5.19B	4.04B	3.58B	3.56B
Cash, Cash Equivalents and Short-Term Investments	483.33M	477.69M	591.83M	334.19M	140.69M	56.70M
Total Debt	4.13B	3.51B	3.51B	2.99B	3.05B	2.87B
Total Liabilities	4.99B	4.28B	4.27B	3.63B	3.60B	3.24B
Stockholders Equity	758.49M	548.98M	569.15M	95.28M	-22.23M	205.30M
Cash Flow
Free Cash Flow	249.90M	168.60M	350.28M	330.41M	89.25M	9.82M
Operating Cash Flow	592.59M	576.51M	557.06M	419.93M	111.25M	-161.52M
Investing Cash Flow	-1.22B	-410.40M	-1.01B	-189.31M	-289.74M	-172.65M
Financing Cash Flow	577.81M	-290.32M	711.87M	50.71M	261.73M	-6.47M

Ryman Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 96.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 96.17 is above the 20-day moving average (MA) of 94.64, above the 50-day MA of 95.20, and above the 200-day MA of 94.21, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 55.58 is Neutral, neither overbought nor oversold. The STOCH value of 51.55 is Neutral, 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
HST	77 Outperform	$13.28B	17.78	11.04%	4.90%	6.45%	3.79%
APLE	66 Neutral	$2.87B	16.04	5.41%	8.30%	0.57%	-13.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DRH	65 Neutral	$1.97B	35.59	3.98%	5.13%	0.95%	-8.40%
RHP	64 Neutral	$6.06B	25.66	36.38%	5.01%	6.98%	-32.02%
SHO	57 Neutral	$1.72B	954.35	0.88%	3.98%	3.04%	-98.77%
PK	56 Neutral	$2.31B	-153.79	-0.36%	13.10%	-3.57%	-104.55%

Ryman Corporate Events

Ryman Hospitality Expands Revolving Credit Capacity and Maturity

On January 28, 2026, Ryman Hospitality Properties refinanced and amended its revolving credit facility, increasing total capacity from $700 million to $850 million, extending the maturity from May 2027 to January 2030 with an additional one-year extension option, and keeping pricing largely unchanged on a leverage-based grid over SOFR. The company also modified financial covenants tied to the revolver, including limits on consolidated net leverage, fixed charge coverage, secured and secured recourse indebtedness, and unencumbered leverage and interest coverage ratios, moves that collectively enhance liquidity, lengthen its debt maturity profile, and support its ability to fund ongoing growth while maintaining balance-sheet discipline.

The most recent analyst rating on (RHP) stock is a Hold with a $88.00 price target. To see the full list of analyst forecasts on Ryman stock, see the RHP Stock Forecast page.

Ryman Announces Increased Dividend for January 2026

On December 4, 2025, Ryman Hospitality Properties, Inc. announced a cash dividend of $1.20 per common share and a corresponding distribution for OP Unit holders, both payable on January 15, 2026. This marks an increase from the $1.15 dividends and distributions paid throughout 2025, reflecting the company’s ongoing commitment to providing returns to its stakeholders.

The most recent analyst rating on (RHP) stock is a Buy with a $121.00 price target. To see the full list of analyst forecasts on Ryman stock, see the RHP Stock Forecast page.