Ryman Hospitality Properties, Inc. (RHP) vs RLJ Lodging Trust (RLJ)

Ryman Hospitality Properties, Inc. and RLJ Lodging Trust are both Reit Hotel & Motel companies. Ryman Hospitality Properties, Inc. is the larger, with a market value of $9.1B against $1.9B — 4.7× the size. RLJ Lodging Trust has negative trailing earnings, so its P/E is not meaningful; Ryman Hospitality Properties, Inc. trades at 31.3×. Ryman Hospitality Properties, Inc. grew revenue faster over the last twelve months: 12.3% against 1.07%. Ryman Hospitality Properties, Inc. has the higher net margin (9.91% vs 0.18%) and the higher return on invested capital (7.79% vs 2.12%). Both pay a dividend; RLJ Lodging Trust yields more (4.69% vs 3.56%). Across the 21 metrics below, RLJ Lodging Trust leads on 11 and Ryman Hospitality Properties, Inc. on 10.

Valuation

Metric RHP RLJ Reit Hotel & Motel median
P/E 31.25 n/m 28.25
P/S 3.10 1.39 1.63
P/B 10.75 1.07 1.11
Price to free cash flow 30.95 8.28 8.28
EV/EBITDA 14.09 10.44 13.09
EV/Sales 4.40 2.63 2.84
Earnings yield 3.20% 0.00% (0.33%)
Free cash flow yield 3.23% 12.08% 6.50%

Profitability

Metric RHP RLJ Reit Hotel & Motel median
Gross margin 32.53% 61.99% 37.37%
Operating margin 19.82% 9.53% 9.53%
Net margin 9.91% 0.18% (0.66%)
Free cash flow margin 10.01% 16.75% 17.01%
Return on equity 33.29% 0.13% 0.53%
Return on assets 4.42% 0.05% (0.26%)
Return on invested capital 7.79% 2.12% 2.16%

Growth

Metric RHP RLJ Reit Hotel & Motel median
Revenue growth (TTM) 12.25% 1.07% 1.17%
EPS growth (last fiscal year) (13.93%) (96.30%) (16.85%)
Revenue growth, 5-year CAGR 37.49% 23.33% 24.43%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RHP RLJ Reit Hotel & Motel median
Debt to equity 5.02 1.24 0.86
Current ratio 1.34 5.71 1.38
Net debt to EBITDA 4.47 5.14 5.14

Dividend

Metric RHP RLJ Reit Hotel & Motel median
Dividend yield 3.56% 4.69% 3.00%
Payout ratio 1.17 — 1.24

Size

Metric RHP RLJ Reit Hotel & Motel median
Market cap 9.09b 1.93b 1.93b

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