Ryman (RHP) AI Stock Analysis

• Market Cap: $5.84B
• Dividend Yield: 4.91%
• Average Volume (3M): 610.03K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 0.84
• Revenue Growth: 6.13%
• EPS Growth: -20.48%
• Country: US
• Employees: 1,047
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Hotel & Motel
• EPS (TTM): 1.12
• Shares Outstanding: 62,999,756
• 10 Day Avg. Volume: 686,522
• 30 Day Avg. Volume: 610,027
• 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: 1.81
• Enterprise Value/Revenue: 4.34
• Enterprise Value/Gross Profit: 14.93
• Enterprise Value/Ebitda: 14.06
• 1Y Price Target: $109.80
• Price Target Upside: 18.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 66 Neutral
• Price Target: $104.00 ▲(12.17% Upside)

Ryman's overall score reflects a mixed financial performance with strong revenue growth but high leverage and declining cash flow. The technical indicators suggest a bearish trend, while the valuation is supported by a high dividend yield. The earnings call provided positive future guidance but highlighted current market challenges.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Ryman's services and effective market positioning, supporting long-term business expansion.

Strategic Acquisition

The acquisition of JW Marriott Desert Ridge is expected to be accretive to future results, enhancing Ryman's portfolio and competitive edge.

Strong Group Demand

Increased group bookings for future years suggest sustained demand and revenue stability, reinforcing Ryman's market position.

Negative Factors

High Leverage

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

Declining Cash Flow

Declining free cash flow growth may hinder Ryman's ability to invest in growth opportunities and manage debt, affecting future financial health.

Gross Margin Decline

A significant decline in gross margin suggests rising costs or pricing pressures, which could erode profitability if not addressed.

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 primarily through the leasing of office spaces and serviced offices. The company has a diversified revenue model that includes long-term leases, short-term rentals, and flexible workspace solutions, catering to a wide range of business needs. Key revenue streams include monthly rental payments from tenants, fees for meeting room bookings, and additional services such as IT support and administrative services. Ryman also benefits from partnerships with local businesses and service providers, which can enhance its offerings and attract more clients. The growing demand for flexible office spaces, especially in urban centers, further contributes to Ryman's earnings, positioning the company favorably within the evolving workspace market.

Ryman Financial Statement Overview

Summary

Ryman shows revenue growth and improved profitability, but faces challenges with declining gross margins and high leverage. The balance sheet is strong in terms of return on equity but burdened by significant debt levels. Cash flow generation is adequate but has shown recent declines in free cash flow growth.

Income Statement

Ryman's income statement shows a positive trajectory with consistent revenue growth, evidenced by a 1.93% increase in TTM revenue. The company has improved its net profit margin to 11.89% in TTM, indicating enhanced profitability. However, the gross profit margin has decreased significantly from 33.03% in 2024 to 15.09% in TTM, which may suggest rising costs or pricing pressures. Despite this, the EBIT and EBITDA margins remain healthy at 14.88% and 21.72%, respectively, reflecting operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 5.15 in TTM, which is a concern for financial stability. However, the company has managed to improve its equity position over the years. The return on equity is strong at 47.79%, indicating effective use of equity to generate profits. The equity ratio is relatively low, suggesting a reliance on debt financing, which could pose risks in a rising interest rate environment.

Cash Flow

Ryman's cash flow statement shows a decline in free cash flow growth by 28.45% in TTM, which is a negative indicator. However, the operating cash flow to net income ratio is healthy at 0.75, suggesting that the company is generating sufficient cash from operations to cover its net income. The free cash flow to net income ratio of 0.42 indicates that a significant portion of net income is being converted into free cash flow, although this has decreased compared to previous years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.44B	2.34B	2.16B	1.81B	939.37M	524.48M
Gross Profit	709.82M	772.63M	666.22M	579.75M	200.70M	-26.67M
EBITDA	753.60M	755.05M	664.91M	536.24M	161.37M	-57.13M
Net Income	262.49M	271.64M	311.22M	128.99M	-176.97M	-417.39M
Balance Sheet
Total Assets	6.11B	5.22B	5.19B	4.04B	3.58B	3.56B
Cash, Cash Equivalents and Short-Term Investments	420.58M	477.69M	591.83M	334.19M	140.69M	56.70M
Total Debt	4.12B	3.51B	3.51B	2.99B	3.05B	2.87B
Total Liabilities	4.87B	4.28B	4.27B	3.63B	3.60B	3.24B
Stockholders Equity	800.43M	548.98M	569.15M	95.28M	-22.23M	205.30M
Cash Flow
Free Cash Flow	161.74M	168.60M	350.28M	330.41M	89.25M	9.82M
Operating Cash Flow	384.71M	576.51M	557.06M	419.93M	111.25M	-161.52M
Investing Cash Flow	-1.29B	-410.40M	-1.01B	-189.31M	-289.74M	-172.65M
Financing Cash Flow	583.30M	-290.32M	711.87M	50.71M	261.73M	-6.47M

Ryman Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 92.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 92.72 is below the 20-day moving average (MA) of 97.67, below the 50-day MA of 96.91, and below the 200-day MA of 96.90, indicating a bearish trend. The MACD of -1.24 indicates Positive momentum. The RSI at 36.17 is Neutral, neither overbought nor oversold. The STOCH value of 8.05 is Positive, 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	75 Outperform	12.07B	18.58	9.93%	5.13%	8.28%	-11.07%
APLE	71 Outperform	2.85B	15.87	5.66%	8.40%	2.42%	-13.51%
RHP	66 Neutral	$5.84B	22.37	38.52%	4.91%	6.13%	-20.48%
DRH	63 Neutral	1.67B	28.94	4.15%	5.19%	1.72%	-3.49%
SHO	63 Neutral	1.83B	444.13	1.02%	3.73%	0.37%	-97.38%
PK	52 Neutral	2.30B	42.62	1.68%	12.15%	-3.19%	-81.33%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Ryman Corporate Events

Ryman Expands Board, Appoints New Independent Director

On August 7, 2025, Ryman Hospitality Properties, Inc. expanded its Board of Directors from nine to ten members, appointing H. Eric Bolton, Jr. as an independent director. Bolton, a seasoned executive with extensive experience in real estate investment trusts, joins the Audit and Risk Committees. His appointment aligns with Ryman’s strategic growth, leveraging his expertise in scaling operations and navigating economic cycles, which is expected to benefit the company’s expanding portfolio.

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.

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.