Ryman (RHP) AI Stock Analysis

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Ryman

(NYSE:RHP)

69Neutral

Ryman's strong revenue growth and financial stability, underscored by zero debt, are key strengths. The recent earnings call supports optimism with record performance, but economic uncertainties present risks. Technical indicators are mixed, while valuation metrics suggest reasonable pricing and good income potential. Overall, Ryman presents a balanced investment opportunity with notable strengths and some risks to monitor.

Positive Factors

Financial Performance

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

Future Growth

RHP is expected to continue to outgrow peers, with accelerating growth in 2026/2027 bolstered by renovations and group pace.

Strategic Monetization

The ultimate monetization of OEG is believed to be a positive catalyst that unlocks value.

Negative Factors

Guidance Adjustment

RHP's implied 2Q-4Q RevPAR guide now assumes flat growth that implies a reduction from prior expectations.

Market Competition

The Gaylord Pacific's opening may emerge as a long-term headwind with a rotation of groups between Gaylord properties.

Renovation Disruption

Renovation disruption will be a headwind with multiple ongoing projects and reflected in modest group pace.

Ryman (RHP) vs. S&P 500 (SPY)

Market Cap

$5.64B

Dividend Yield4.75%

Average Volume (3M)1.03M

Price to Earnings (P/E)20.4

Beta (1Y)0.89

Revenue Growth9.27%

EPS Growth-2.13%

CountryUS

Employees1,047

SectorReal Estate

Sector Strength79

IndustryREIT - Hotel & Motel

Share Statistics

EPS (TTM)1.00

Shares Outstanding60,000,866

10 Day Avg. Volume784,092

30 Day Avg. Volume1,026,735

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)0.00

Price to Cash Flow (P/CF)0.00

P/FCF Ratio0.00

Enterprise Value/Market Cap1.65

Enterprise Value/RevenueN/A

Enterprise Value/Gross Profit12.74

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$111.33

Price Target Upside18.44% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering8

Ryman Business Overview & Revenue Model

Company DescriptionRyman 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 MoneyRyman 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 solid financial health with zero debt and strong revenue growth. However, declining profit margins and the absence of cash flow in 2024 are concerns, indicating potential challenges in operational efficiency and cash management.

Income Statement

Positive

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

Positive

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

Neutral

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.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
2.34B	2.16B	1.81B	939.37M	524.48M
	Gross Profit
730.81M	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

Neutral

Last Price94.00

Price Trends

50DMA

90.95

Positive

100DMA

97.22

Negative

200DMA

100.65

Negative

Market Momentum

MACD

0.54

Negative

RSI

62.07

Neutral

STOCH

86.90

Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RHP, the sentiment is Neutral. The current price of 94 is above the 20-day moving average (MA) of 86.87, above the 50-day MA of 90.95, and below the 200-day MA of 100.65, indicating a neutral trend. The MACD of 0.54 indicates Negative momentum. The RSI at 62.07 is Neutral, neither overbought nor oversold. The STOCH value of 86.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RHP.

Ryman Risk Analysis

Ryman disclosed 49 risk factors in its most recent earnings report. Ryman reported the most risks in the “Finance & Corporate” category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Ryman Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HST	72 Outperform	$10.04B	15.29	10.12%	5.42%	7.52%	-5.25%
RHP	69 Neutral	$5.64B	20.44	54.93%	4.75%	9.27%	-2.13%
PK	66 Neutral	$1.98B	17.11	3.46%	9.85%	-3.68%	35.35%
PEB	64 Neutral	$1.08B	―	-0.33%	0.44%	2.18%	56.00%
APLE	63 Neutral	$2.79B	14.80	5.84%	8.36%	4.98%	-7.08%
SHO	63 Neutral	$1.76B	63.72	1.66%	4.20%	-3.90%	-89.18%
Sector *	60 Neutral	$2.82B	11.31	0.21%	8508.30%	6.32%	-13.73%

* Real Estate Sector Average

Performance Comparison

RHP

Ryman

94.00

-7.75

-7.62%

SHO

Sunstone Hotel

8.30

-1.73

-17.25%

HST

Host Hotels & Resorts

14.48

-3.27

-18.42%

PEB

Pebblebrook Hotel

8.90

-5.72

-39.12%

APLE

Apple Hospitality REIT

11.31

-2.55

-18.40%

Park Hotels & Resorts

9.92

-4.64

-31.87%

Ryman Earnings Call Summary

Earnings Call Date:May 01, 2025

(Q1-2025)

% Change Since: 6.71%|

Next Earnings Date:Jul 30, 2025

Earnings Call Sentiment Neutral

The earnings call reflects strong first quarter performance with record revenue and growth across segments. However, economic uncertainty and anticipated government business pullback pose challenges. The company has managed cost structures effectively and sees strong forward bookings, but remains cautious about near-term volatility.

Q1-2025 Updates

Positive Updates

Record First Quarter Revenue and Growth

Consolidated revenue increased by 11% year-over-year, with adjusted EBITDAre up 15% and AFFO per share up 28%. Hospitality segment saw record first quarter revenue with RevPAR and total RevPAR growth of 10% and 9%, respectively.

Entertainment Segment Performance

Entertainment segment revenue grew by 34% year-over-year, with adjusted EBITDAre increasing by 35%, both setting first quarter records.

Strong Forward Bookings

Gross group room nights booked for future years increased by 10% year-over-year, with 2026 and 2027 bookings up 13% and 35%, respectively.

Proactive Cost Management

Implemented $28-$30 million in profit improvement plans to manage cost structure effectively, leading to improved wage margin by 40 basis points.

Negative Updates

Economic Uncertainty Impact

Federal government's trade rebalancing efforts create uncertainty, causing hesitancy among businesses for near-term meetings and impacting in-the-year, for-the-year bookings.

Government Business Pullback

Anticipated pullback in government-related business affecting the low end of prior guidance, impacting group business volumes.

Potential Cancellations and Attrition

Increased attrition and modest pullback in demand for in-the-year bookings, prompting revised guidance for hospitality RevPAR and total RevPAR growth.

Company Guidance

During Ryman Hospitality Properties' first quarter 2025 earnings call, the company provided guidance on several key metrics, reflecting cautious optimism amidst uncertain economic conditions. Consolidated revenue increased by 11%, with consolidated adjusted EBITDAre up 15% and AFFO per fully diluted share rising by 28%. The Hospitality segment reported record first quarter revenue and adjusted EBITDAre, driven by year-over-year RevPAR and total RevPAR growth of 10% and 9%, respectively. In response to the uncertainty caused by global economic factors, Ryman adjusted its full-year outlook for hospitality RevPAR growth to 1.25% to 3.75% and total RevPAR growth to 0.75% to 3.25%. Despite these adjustments, the company maintained its guidance for adjusted EBITDAre, AFFO, and AFFO per fully diluted share, citing proactive cost management and a unique business model as key factors. The Entertainment segment showed robust growth, with revenue up 34% and adjusted EBITDAre increasing by 35%, both marking first quarter records. The company remains focused on long-term value creation while managing near-term dynamics, with a continued emphasis on cost efficiencies and strategic capital deployment.

Ryman Corporate Events

Executive/Board Changes

Ryman Announces Board Member Resignation and Compensation

Neutral

Mar 17, 2025

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.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.