In This Article:
In 2015 Pascal De Buck was appointed CEO of Fluxys Belgium SA (EBR:FLUX). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Next, we'll consider growth that the business demonstrates. 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.
View our latest analysis for Fluxys Belgium
How Does Pascal De Buck's Compensation Compare With Similar Sized Companies?
According to our data, Fluxys Belgium SA has a market capitalization of €1.9b, and pays its CEO total annual compensation worth €471k. (This is based on the year to December 2018). While we always look at total compensation first, we note that the salary component is less, at €234k. We looked at a group of companies with market capitalizations from €909m to €2.9b, and the median CEO total compensation was €793k.
This would give shareholders a good impression of the company, since most similar size companies have to pay more, leaving less for shareholders. Though positive, it's important we delve into the performance of the actual business.
The graphic below shows how CEO compensation at Fluxys Belgium has changed from year to year.
Is Fluxys Belgium SA Growing?
Over the last three years Fluxys Belgium SA has grown its earnings per share (EPS) by an average of 6.5% per year (using a line of best fit). In the last year, its revenue is up 5.7%.
I would argue that the improvement in revenue isn't particularly impressive, but the modest improvement in EPS is good. So there are some positives here, but not enough to earn high praise. It could be important to check this free visual depiction of what analysts expect for the future.
Has Fluxys Belgium SA Been A Good Investment?
With a total shareholder return of 11% over three years, Fluxys Belgium SA 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...
Fluxys Belgium SA is currently paying its CEO below what is normal for companies of its size.
Pascal De Buck is paid less than what is normal at similar size companies, and but overall performance has left me uninspired. So shareholders may not be elated, but they shouldn't be worried about the CEO compensation, either. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Fluxys Belgium (free visualization of insider trades).