REIT - Hotel & Motel · NYSE
Current Price
$103.62
Intrinsic Value
Use the calculator below to estimate
Run a full DCF analysis on Ryman Hospitality Properties, Inc. with auto-filled fundamentals, adjustable assumptions, and sensitivity heatmap.
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.
ROIC (TTM)
8.0%
ROE (TTM)
34.3%
FCF Yield
3.55%
Based on trailing twelve-month data, RHP shows a free cash flow per share of N/A and a ROIC of 8.0%, key inputs for stock valuation using the DCF method. The P/FCF ratio of N/A and FCF yield of 3.55% are important context metrics when evaluating RHP's stock valuation relative to peers.
The intrinsic value of RHP depends on assumptions about future growth rate, discount rate (WACC), and terminal value. A DCF model discounts projected free cash flows back to present value — small changes in WACC can shift the estimate by 20% or more, which is why sensitivity analysis is essential.
Whether RHP is undervalued depends on comparing the DCF-derived intrinsic value to the current market price of $103.62. A positive margin of safety (intrinsic value above market price) suggests potential undervaluation, but the degree of confidence depends on the reliability of your growth and discount rate assumptions.
To perform a DCF valuation on Ryman Hospitality Properties, Inc.: (1) Start with the trailing free cash flow per share as the base, (2) project future FCF growth over 5-10 years based on REIT - Hotel & Motel industry trends and company fundamentals, (3) apply a discount rate (WACC) reflecting RHP's risk profile, and (4) add a terminal value for cash flows beyond the projection period.
DCF (Discounted Cash Flow) estimates what a company is worth today based on its future cash generation. For Ryman Hospitality Properties, Inc., this means projecting how much free cash flow the REIT - Hotel & Motel will produce over the next 5-10 years, then discounting those amounts to today's dollars. RHP's ROIC of 8.0% shows moderate capital returns.
WACC (Weighted Average Cost of Capital) is the discount rate in a DCF model — it reflects the minimum return investors require. For RHP, the capital structure and equity risk premium determine WACC. A 1% increase in WACC typically reduces the intrinsic value by 10-15%.
