In This Article:
Robert Meyer has been the CEO of Halcyon Agri Corporation Limited (SGX:5VJ) since 2010. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that, we will consider the growth in the business. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. This process should give us an idea about how appropriately the CEO is paid.
View our latest analysis for Halcyon Agri
How Does Robert Meyer's Compensation Compare With Similar Sized Companies?
At the time of writing, our data says that Halcyon Agri Corporation Limited has a market cap of S$718m, and reported total annual CEO compensation of US$900k for the year to December 2018. It is worth noting that the CEO compensation consists almost entirely of the salary, worth US$900k. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of S$269m to S$1.1b. The median total CEO compensation was S$1.0m.
So Robert Meyer receives a similar amount to the median CEO pay, amongst the companies we looked at. This doesn't tell us a whole lot on its own, but looking at the performance of the actual business will give us useful context.
You can see, below, how CEO compensation at Halcyon Agri has changed over time.
Is Halcyon Agri Corporation Limited Growing?
On average over the last three years, Halcyon Agri Corporation Limited has shrunk earnings per share by 59% each year (measured with a line of best fit). In the last year, its revenue is down 7.2%.
Unfortunately, earnings per share have trended lower over the last three years. And the impression is worse when you consider revenue is down year-on-year. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. We don't have analyst forecasts, but you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Has Halcyon Agri Corporation Limited Been A Good Investment?
Since shareholders would have lost about 32% over three years, some Halcyon Agri Corporation Limited shareholders would surely be feeling negative emotions. This suggests it would be unwise for the company to pay the CEO too generously.
In Summary...
Robert Meyer is paid around what is normal the leaders of comparable size companies.
The company isn't growing EPS, and shareholder returns have been disappointing. Few would argue that it's wise for the company to pay any more, before returns improve. So you may want to check if insiders are buying Halcyon Agri shares with their own money (free access).