Increases to Aperam S.A.'s (AMS:APAM) CEO Compensation Might Cool off for now

In This Article:

Key Insights

  • Aperam will host its Annual General Meeting on 30th of April

  • Salary of €850.0k is part of CEO Tim Di Maulo's total remuneration

  • The total compensation is 82% higher than the average for the industry

  • Over the past three years, Aperam's EPS grew by 8.6% and over the past three years, the total loss to shareholders 30%

The underwhelming share price performance of Aperam S.A. (AMS:APAM) in the past three years would have disappointed many shareholders. Despite positive EPS growth in the past few years, the share price hasn't tracked the fundamental performance of the company. Shareholders may want to question the board on the future direction of the company at the upcoming AGM on 30th of April. Voting on resolutions such as executive remuneration and other matters could also be a way to influence management. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.

Check out our latest analysis for Aperam

How Does Total Compensation For Tim Di Maulo Compare With Other Companies In The Industry?

At the time of writing, our data shows that Aperam S.A. has a market capitalization of €2.0b, and reported total annual CEO compensation of €2.6m for the year to December 2023. We note that's a decrease of 38% compared to last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at €850k.

For comparison, other companies in the the Netherlands Metals and Mining industry with market capitalizations ranging between €934m and €3.0b had a median total CEO compensation of €1.4m. Accordingly, our analysis reveals that Aperam S.A. pays Tim Di Maulo north of the industry median.

Component

2023

2022

Proportion (2023)

Salary

€850k

€794k

33%

Other

€1.7m

€3.4m

67%

Total Compensation

€2.6m

€4.2m

100%

On an industry level, roughly 62% of total compensation represents salary and 38% is other remuneration. In Aperam's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

ceo-compensation
ENXTAM:APAM CEO Compensation April 24th 2024

A Look at Aperam S.A.'s Growth Numbers

Aperam S.A.'s earnings per share (EPS) grew 8.6% per year over the last three years. Its revenue is down 19% over the previous year.

We would prefer it if there was revenue growth, but the modest improvement in EPS is good. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.