In This Article:
Key Insights
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Fastned B.V's Annual General Meeting to take place on 6th of June
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Salary of €107.0k is part of CEO Michiel Langezaal's total remuneration
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Total compensation is 88% below industry average
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Over the past three years, Fastned B.V's EPS grew by 4.6% and over the past three years, the total loss to shareholders 66%
The performance at Fastned B.V. (AMS:FAST) has been rather lacklustre of late and shareholders may be wondering what CEO Michiel Langezaal is planning to do about this. They will get a chance to exercise their voting power to influence the future direction of the company in the next AGM on 6th of June. Setting appropriate executive remuneration to align with the interests of shareholders may also be a way to influence the company performance in the long run. We think CEO compensation looks appropriate given the data we have put together.
See our latest analysis for Fastned B.V
How Does Total Compensation For Michiel Langezaal Compare With Other Companies In The Industry?
According to our data, Fastned B.V. has a market capitalization of €424m, and paid its CEO total annual compensation worth €118k over the year to December 2023. This means that the compensation hasn't changed much from last year. We note that the salary portion, which stands at €107.0k constitutes the majority of total compensation received by the CEO.
On examining similar-sized companies in the the Netherlands Specialty Retail industry with market capitalizations between €185m and €738m, we discovered that the median CEO total compensation of that group was €958k. This suggests that Michiel Langezaal is paid below the industry median.
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | €107k | €100k | 91% |
| Other | €11k | €19k | 9% |
| Total Compensation | €118k | €119k | 100% |
Talking in terms of the industry, salary represented approximately 56% of total compensation out of all the companies we analyzed, while other remuneration made up 44% of the pie. Fastned B.V pays out 91% of remuneration in the form of a salary, significantly higher than the industry average. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
Fastned B.V.'s Growth
Fastned B.V. has seen its earnings per share (EPS) increase by 4.6% a year over the past three years. It achieved revenue growth of 68% over the last year.
It's hard to interpret the strong revenue growth as anything other than a positive. Combined with modest EPS growth, we get a good impression of the company. We'd stop short of saying the business performance is amazing, but there are enough positives to justify further research, or even adding the stock to your watch-list. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.