(RHP) Ryman Hospitality Properties - NYSE
Sector: Real Estate | Industry: REIT - Hotel & Motel | Exchange: NYSE (USA) | Market Cap: 7.721m USD | Total Return: 33.8% in 12m
Avg Turnover: 58.5M
EPS Trend: -42.4%
Qual. Beats: 1
Rev. Trend: 99.2%
Qual. Beats: 0
Warnings
Altman Z'' 0.79 < 1.0 - financial distress zone
Tailwinds
Supp Ema8, Supp Ema20
Ryman Hospitality Properties (RHP) is a specialized Real Estate Investment Trust (REIT) focused on large-scale convention center resorts and music-themed entertainment assets. The company’s core portfolio consists of the Gaylord Hotels brand, which includes five of the seven largest non-gaming convention hotels in the United States. These properties are managed by Marriott International and provide over 3 million square feet of meeting space to accommodate the group travel and association sectors.
The business model utilizes a Taxable REIT Subsidiary (TRS) structure to operate the Opry Entertainment Group (OEG), in which RHP holds a 70% controlling interest. This segment includes iconic country music venues such as the Grand Ole Opry and the Ryman Auditorium, alongside media assets and themed hospitality venues. By combining high-capacity lodging with entertainment brands, RHP captures diversified revenue streams from both corporate group bookings and leisure tourism.
Unlike traditional hotel REITs that rely heavily on transient business travel, RHP’s convention-based model benefits from long-term booking windows and significant food and beverage revenue generated by large-scale events. To evaluate the underlying valuation metrics of this unique REIT structure, you may wish to explore the data on ValueRay. The company’s strategic concentration in the Sunbelt and high-growth entertainment hubs positions it as a dominant player in the specialized hospitality infrastructure market.
- Large-scale group convention bookings drive long-term hotel occupancy and ancillary revenue
- Opry Entertainment Group expansion increases high-margin media and live performance income
- Rising labor and property insurance costs impact hospitality segment operating margins
- Interest rate fluctuations affect debt servicing costs for capital-intensive REIT developments
- Corporate travel budget volatility directly influences group meeting and convention center demand
| Net Income: 250.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.00 > 1.0 |
| NWC/Revenue: 18.70% < 20% (prev 4.87%; Δ 13.82% < -1%) |
| CFO/TA 0.11 > 3% & CFO 661.7m > Net Income 250.9m |
| Net Debt (3.84b) to EBITDA (805.0m): 4.77 < 3 |
| Current Ratio: 66.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.0m) vs 12m ago 3.55% < -2% |
| Gross Margin: 20.60% > 18% (prev 33.22%; Δ -12.62% > 0.5%) |
| Asset Turnover: 46.43% > 50% (prev 45.77%; Δ 0.66% > 0%) |
| Interest Coverage Ratio: 2.05 > 6 (EBIT TTM 514.9m / Interest Expense TTM 251.1m) |
| A: 0.08 (Total Current Assets 503.8m - Total Current Liabilities 7.57m) / Total Assets 6.19b |
| B: -0.15 (Retained Earnings -938.3m / Total Assets 6.19b) |
| C: 0.09 (EBIT TTM 514.9m / Avg Total Assets 5.72b) |
| D: 0.15 (Book Value of Equity 732.8m / Total Liabilities 4.99b) |
| Altman-Z'' = 0.79 = B |
| DSRI: 0.91 (Receivables 191.9m/189.8m, Revenue 2.65b/2.40b) |
| GMI: 1.61 (GM 33.22% / 20.60%) |
| AQI: 1.36 (AQ_t 0.11 / AQ_t-1 0.08) |
| SGI: 1.11 (Revenue 2.65b / 2.40b) |
| TATA: -0.07 (NI 250.9m - CFO 661.7m) / TA 6.19b) |
| Beneish M = -2.26 (Cap -4..+1) = BBB |
As of June 20, 2026, the stock is trading at USD 125.15 with a total of 931,600 shares traded.
Over the past week, the price has changed by +3.05%,
over one month by +15.35%,
over three months by +38.49% and
over the past year by +33.75%.
Ryman Hospitality Properties has received a consensus analysts rating of 4.77. Therefore, it is recommended to buy RHP.
- StrongBuy: 10
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 124 | -0.9% |
P/E Trailing = 32.1974
P/E Forward = 32.6797
P/S = 2.92
P/B = 10.625
P/EG = 1.0774
Revenue TTM = 2.65b USD
EBIT TTM = 514.9m USD
EBITDA TTM = 805.0m USD
Long Term Debt = 3.97b USD (from longTermDebt, last quarter)
Short Term Debt = 295k USD (from shortTermDebt, last quarter)
Debt = 4.29b USD (from shortLongTermDebtTotal, last quarter) + Leases 163.0m
Net Debt = 3.84b USD (calculated: Debt 4.29b - CCE 451.3m)
Enterprise Value = 11.6b USD (7.72b + Debt 4.29b - CCE 451.3m)
Interest Coverage Ratio = 2.05 (Ebit TTM 514.9m / Interest Expense TTM 251.1m)
EV/FCF = 58.34x (Enterprise Value 11.6b / FCF TTM 198.2m)
FCF Yield = 1.71% (FCF TTM 198.2m / Enterprise Value 11.6b)
FCF Margin = 7.47% (FCF TTM 198.2m / Revenue TTM 2.65b)
Net Margin = 9.45% (Net Income TTM 250.9m / Revenue TTM 2.65b)
Gross Margin = 20.60% ((Revenue TTM 2.65b - Cost of Revenue TTM 2.11b) / Revenue TTM)
Gross Margin QoQ = 11.10% (prev 11.01%)
Tobins Q-Ratio = 1.87 (Enterprise Value 11.6b / Total Assets 6.19b)
Interest Expense / Debt = 5.85% (Interest Expense 251.1m / Debt 4.29b)
Taxrate = 3.82% (10.1m / 263.8m)
NOPAT = 495.2m (EBIT 514.9m * (1 - 3.82%))
Current Ratio = 0.91 (Total Current Assets 503.8m / Total Current Liabilities 552.1m)
Debt / Equity = 5.86 (Debt 4.29b / totalStockholderEquity, last quarter 732.8m)
Debt / EBITDA = 4.77 (Net Debt 3.84b / EBITDA 805.0m)
Debt / FCF = 19.39 (Net Debt 3.84b / FCF TTM 198.2m)
Total Stockholder Equity = 760.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.39% (Net Income 250.9m / Total Assets 6.19b)
RoE = 33.00% (Net Income TTM 250.9m / Total Stockholder Equity 760.5m)
RoCE = 10.89% (EBIT 514.9m / Capital Employed (Equity 760.5m + L.T.Debt 3.97b))
RoIC = 8.17% (NOPAT 495.2m / Invested Capital 6.06b)
WACC = 7.71% (E(7.72b)/V(12.0b) * Re(8.87%) + D(4.29b)/V(12.0b) * Rd(5.85%) * (1-Tc(0.04)))
Discount Rate = 8.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.11 | Cagr: 4.25%
[DCF] Terminal Value 77.97% ; FCFF base≈164.9m ; Y1≈189.1m ; Y5≈278.3m
[DCF] Fair Price = 5.47 (EV 4.19b - Net Debt 3.84b = Equity 345.0m / Shares 63.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -42.39 | EPS CAGR: -6.48% | SUE: 1.53 | # QB: 1
Revenue Correlation: 99.24 | Revenue CAGR: 9.45% | SUE: 0.82 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.35 | Chg30d=-2.52% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.60 | Chg30d=-9.09% | Revisions=-33% | Analysts=2
EPS current Year (2026-12-31): EPS=4.29 | Chg30d=+0.47% | Revisions=+0% | GrowthEPS=+0.2% | GrowthRev=+8.6%
EPS next Year (2027-12-31): EPS=4.96 | Chg30d=+2.48% | Revisions=+0% | GrowthEPS=+15.6% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: -33%