$Ryman Hospitality Properties Inc (RHP.US)$Revenue shrank sh...
$Ryman Hospitality Properties Inc(RHP.US$Revenue shrank sharply by 67.3% in 2020, then recovered rapidly in the following two years. In 2022, it surpassed 12.5% in 2019, operating profit lost two years in 2020 and 2021, reversed loss by more than 21% in 2019 in 2022, and net profit surpassed 5.4% in 2019.
In the first two quarters of 2023, revenue increased by 29.5%, operating profit increased by 99.4%, and net profit increased fourfold to 128 million.
Currently, the price-earnings ratio is 37.4, and the price-earnings ratio TTM has dropped to 21.6. Judging from the quarterly report, net profit for the last 4 quarters has returned to normal. It is unlikely that there will be a super-rapid increase in the second half of the year, and the corresponding price-earnings ratio should also be close to 20. If you don't calculate the two years of the epidemic, the average net profit for the other 3 years is 180 million, and the corresponding price-earnings ratio is 28.9.
Currently, the TTM dividend rate is 2.4%. Overall, the valuation is not very attractive.
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