Michèle Sioen is the CEO of Sioen Industries NV (EBR:SIOE). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we'll look at a snap shot of the business growth. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. This method should give us information to assess how appropriately the company pays the CEO.
View our latest analysis for Sioen Industries
How Does Michèle Sioen's Compensation Compare With Similar Sized Companies?
According to our data, Sioen Industries NV has a market capitalization of €425m, and pays its CEO total annual compensation worth €2.1m. (This number is for the twelve months until December 2018). While we always look at total compensation first, we note that the salary component is less, at €585k. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of €182m to €727m. The median total CEO compensation was €427k.
As you can see, Michèle Sioen is paid more than the median CEO pay at companies of a similar size, in the same market. However, this does not necessarily mean Sioen Industries NV is paying too much. A closer look at the performance of the underlying business will give us a better idea about whether the pay is particularly generous.
The graphic below shows how CEO compensation at Sioen Industries has changed from year to year.
Is Sioen Industries NV Growing?
On average over the last three years, Sioen Industries NV has grown earnings per share (EPS) by 9.5% each year (using a line of best fit). Its revenue is up 3.7% over last year.
I would argue that the improvement in revenue isn't particularly impressive, but it is good to see modest EPS growth. So there are some positives here, but not enough to earn high praise. Shareholders might be interested in this free visualization of analyst forecasts.
Has Sioen Industries NV Been A Good Investment?
With a three year total loss of 7.8%, Sioen Industries NV would certainly have some dissatisfied shareholders. This suggests it would be unwise for the company to pay the CEO too generously.
In Summary...
We compared the total CEO remuneration paid by Sioen Industries NV, and compared it to remuneration at a group of similar sized companies. As discussed above, we discovered that the company pays more than the median of that group.
While we have not been overly impressed by the business performance, the shareholder returns, over three years, have been disappointing. Considering this, we have the opinion that the CEO pay is more on the generous side, than the modest side. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Sioen Industries (free visualization of insider trades).