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Christian Friege is the CEO of CEWE Stiftung & Co. KGaA (ETR:CWC). 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. This method should give us information to assess how appropriately the company pays the CEO.
Check out our latest analysis for CEWE Stiftung KGaA
How Does Christian Friege's Compensation Compare With Similar Sized Companies?
At the time of writing our data says that CEWE Stiftung & Co. KGaA has a market cap of €578m, and is paying total annual CEO compensation of €861k. (This figure is for the year to December 2018). While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at €360k. When we examined a selection of companies with market caps ranging from €362m to €1.4b, we found the median CEO total compensation was €1.0m.
That means Christian Friege receives fairly typical remuneration for the CEO of a company that size. Although this fact alone doesn't tell us a great deal, it becomes more relevant when considered against the business performance.
The graphic below shows how CEO compensation at CEWE Stiftung KGaA has changed from year to year.
Is CEWE Stiftung & Co. KGaA Growing?
On average over the last three years, CEWE Stiftung & Co. KGaA has grown earnings per share (EPS) by 8.1% each year (using a line of best fit). Its revenue is up 9.1% over last year.
I'm not particularly impressed by the revenue growth, but I'm happy with the modest EPS growth. It's clear the performance has been quite decent, but it it falls short of outstanding,based on this information. It could be important to check this free visual depiction of what analysts expect for the future.
Has CEWE Stiftung & Co. KGaA Been A Good Investment?
CEWE Stiftung & Co. KGaA has generated a total shareholder return of 9.3% over three years, so most shareholders wouldn't be too disappointed. But they probably don't want to see the CEO paid more than is normal for companies around the same size.
In Summary...
Christian Friege is paid around the same as most CEOs of similar size companies.
We see room for improved growth, as well as fairly unremarkable returns over the last three years. While there is room for improvement, we haven't seen evidence to suggest the pay is too generous. Whatever your view on compensation, you might want to check if insiders are buying or selling CEWE Stiftung KGaA shares (free trial).