In This Article:
Key Insights
-
Euronet Worldwide's Annual General Meeting to take place on 16th of May
-
Total pay for CEO Mike Brown includes US$850.0k salary
-
The overall pay is 46% above the industry average
-
Over the past three years, Euronet Worldwide's EPS grew by 55% and over the past three years, the total loss to shareholders 19%
The underwhelming share price performance of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the past three years would have disappointed many shareholders. Despite positive EPS growth in the past few years, the share price hasn't tracked the fundamental performance of the company. These are some of the concerns that shareholders may want to bring up at the next AGM held on 16th of May. They could also try to influence management and firm direction through voting on resolutions such as executive remuneration and other company matters. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.
Check out our latest analysis for Euronet Worldwide
How Does Total Compensation For Mike Brown Compare With Other Companies In The Industry?
At the time of writing, our data shows that Euronet Worldwide, Inc. has a market capitalization of US$5.2b, and reported total annual CEO compensation of US$14m for the year to December 2023. That's mostly flat as compared to the prior year's compensation. We think total compensation is more important but our data shows that the CEO salary is lower, at US$850k.
On examining similar-sized companies in the American Diversified Financial industry with market capitalizations between US$4.0b and US$12b, we discovered that the median CEO total compensation of that group was US$9.5m. This suggests that Mike Brown is paid more than the median for the industry. Moreover, Mike Brown also holds US$233m worth of Euronet Worldwide stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | US$850k | US$850k | 6% |
| Other | US$13m | US$13m | 94% |
| Total Compensation | US$14m | US$14m | 100% |
On an industry level, roughly 15% of total compensation represents salary and 85% is other remuneration. Euronet Worldwide sets aside a smaller share of compensation for salary, in comparison to the overall industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
A Look at Euronet Worldwide, Inc.'s Growth Numbers
Euronet Worldwide, Inc.'s earnings per share (EPS) grew 55% per year over the last three years. It achieved revenue growth of 9.6% over the last year.