David Woolley has been the CEO of Concentric AB (publ) (STO:COIC) since 2011. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. After that, we will consider the growth in the business. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. The aim of all this is to consider the appropriateness of CEO pay levels.

See our latest analysis for Concentric

How Does David Woolley's Compensation Compare With Similar Sized Companies?

At the time of writing, our data says that Concentric AB (publ) has a market cap of kr5.2b, and reported total annual CEO compensation of kr11m for the year to December 2018. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at kr5.3m. We looked at a group of companies with market capitalizations from kr1.9b to kr7.7b, and the median CEO total compensation was kr5.2m.

Thus we can conclude that David Woolley receives more in total compensation than the median of a group of companies in the same market, and of similar size to Concentric AB (publ). However, this doesn't necessarily mean the pay is too high. We can better assess whether the pay is overly generous by looking into the underlying business performance.

The graphic below shows how CEO compensation at Concentric has changed from year to year.

Is Concentric AB (publ) Growing?

Over the last three years Concentric AB (publ) has grown its earnings per share (EPS) by an average of 16% per year (using a line of best fit). In the last year, its revenue is down 17%.

This shows that the company has improved itself over the last few years. Good news for shareholders. Revenue growth is a real positive for growth, but ultimately profits are more important. Shareholders might be interested in this free visualization of analyst forecasts.

Has Concentric AB (publ) Been A Good Investment?

With a total shareholder return of 13% over three years, Concentric AB (publ) shareholders would, in general, be reasonably content. But they probably wouldn't be so happy as to think the CEO should be paid more than is normal, for companies around this size.

In Summary...

We compared the total CEO remuneration paid by Concentric AB (publ), and compared it to remuneration at a group of similar sized companies. We found that it pays well over the median amount paid in the benchmark group.

Importantly, though, the company has impressed with its earnings per share growth, over three years. Looking at the same time period, we think that the shareholder returns are respectable. You might wish to research management further, but on this analysis, considering the EPS growth, we wouldn't call the CEO pay problematic. If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Concentric.