In This Article:
Key Insights
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McCoy Global's Annual General Meeting to take place on 9th of May
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Total pay for CEO Jim Rakievich includes CA$400.0k salary
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Total compensation is 36% below industry average
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McCoy Global's EPS grew by 86% over the past three years while total shareholder return over the past three years was 195%
The impressive results at McCoy Global Inc. (TSE:MCB) recently will be great news for shareholders. At the upcoming AGM on 9th of May, they would be interested to hear about the company strategy going forward and get a chance to cast their votes on resolutions such as executive remuneration and other company matters. Let's take a look at why we think the CEO has done a good job and we'll present the case for a bump in pay.
See our latest analysis for McCoy Global
How Does Total Compensation For Jim Rakievich Compare With Other Companies In The Industry?
At the time of writing, our data shows that McCoy Global Inc. has a market capitalization of CA$51m, and reported total annual CEO compensation of CA$657k for the year to December 2023. That's a notable increase of 24% on last year. We note that the salary portion, which stands at CA$400.0k constitutes the majority of total compensation received by the CEO.
For comparison, other companies in the Canadian Energy Services industry with market capitalizations below CA$274m, reported a median total CEO compensation of CA$1.0m. That is to say, Jim Rakievich is paid under the industry median. What's more, Jim Rakievich holds CA$1.8m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | CA$400k | CA$369k | 61% |
| Other | CA$257k | CA$161k | 39% |
| Total Compensation | CA$657k | CA$530k | 100% |
On an industry level, roughly 23% of total compensation represents salary and 77% is other remuneration. McCoy Global pays out 61% of remuneration in the form of a salary, significantly higher than the industry average. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
McCoy Global Inc.'s Growth
McCoy Global Inc. has seen its earnings per share (EPS) increase by 86% a year over the past three years. In the last year, its revenue is up 33%.
Shareholders would be glad to know that the company has improved itself over the last few years. The combination of strong revenue growth with medium-term EPS improvement certainly points to the kind of growth we like to see. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.