As of August 3, 2025, Ryman Hospitality Properties Inc's estimated intrinsic value ranges from $62.47 to $184.67 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $184.67 | +98.8% |
| Discounted Cash Flow (5Y) | $129.57 | +39.5% |
| Dividend Discount Model (Multi-Stage) | $97.49 | +4.9% |
| Dividend Discount Model (Stable) | $62.47 | -32.8% |
| Earnings Power Value | $81.19 | -12.6% |
Is Ryman Hospitality Properties Inc (RHP) undervalued or overvalued?
With the current market price at $92.91, the stock appears to be significantly undervalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate Ryman Hospitality Properties Inc's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.84 | 0.89 |
| Cost of equity | 7.7% | 9.8% |
| Cost of debt | 5.4% | 7.5% |
| Tax rate | 5.6% | 12.7% |
| Debt/Equity ratio | 0.58 | 0.58 |
| After-tax WACC | 6.8% | 8.6% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $130 | $11,123M | 78.8% |
| 10-Year Growth | $185 | $14,593M | 64.0% |
| 5-Year EBITDA | $132 | $11,266M | 79.0% |
| 10-Year EBITDA | $184 | $14,531M | 63.8% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $612M |
| Discount Rate (WACC) | 8.6% - 6.8% |
| Enterprise Value | $7,088M - $9,063M |
| Net Debt | $2,961M |
| Equity Value | $4,127M - $6,102M |
| Outstanding Shares | 63M |
| Fair Value | $66 - $97 |
| Selected Fair Value | $81.19 |
| Metric | Value |
|---|---|
| Market Capitalization | $5852M |
| Enterprise Value | $8814M |
| Trailing P/E | 20.07 |
| Forward P/E | 18.45 |
| Trailing EV/EBITDA | 10.45 |
| Current Dividend Yield | 460.05% |
| Dividend Growth Rate (5Y) | 27.00% |
| Debt-to-Equity Ratio | 0.58 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $55.40 |
| Discounted Cash Flow (5Y) | 25% | $32.39 |
| Dividend Discount Model (Multi-Stage) | 20% | $19.50 |
| Dividend Discount Model (Stable) | 15% | $9.37 |
| Earnings Power Value | 10% | $8.12 |
| Weighted Average | 100% | $124.78 |
Based on our comprehensive valuation analysis, Ryman Hospitality Properties Inc's intrinsic value is $124.78, which is approximately 34.3% above the current market price of $92.91.
Key investment considerations:
Given these factors, we believe Ryman Hospitality Properties Inc is currently significantly undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.