In This Article:
Key Insights
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JB Foods will host its Annual General Meeting on 24th of April
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CEO How Tey's total compensation includes salary of US$319.8k
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The overall pay is 986% above the industry average
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Over the past three years, JB Foods' EPS fell by 54% and over the past three years, the total loss to shareholders 15%
Shareholders of JB Foods Limited (SGX:BEW) will have been dismayed by the negative share price return over the last three years. In addition, the company's per-share earnings growth is not looking good, despite growing revenues. Shareholders will have a chance to take their concerns to the board at the next AGM on 24th of April and vote on resolutions including executive compensation, which studies show may have an impact on company performance. Here's why we think shareholders should hold off on a raise for the CEO at the moment.
View our latest analysis for JB Foods
How Does Total Compensation For How Tey Compare With Other Companies In The Industry?
According to our data, JB Foods Limited has a market capitalization of S$150m, and paid its CEO total annual compensation worth US$584k over the year to December 2023. We note that's a decrease of 34% compared to last year. Notably, the salary which is US$319.8k, represents a considerable chunk of the total compensation being paid.
For comparison, other companies in the Singaporean Food industry with market capitalizations below S$273m, reported a median total CEO compensation of US$54k. Hence, we can conclude that How Tey is remunerated higher than the industry median. Furthermore, How Tey directly owns S$2.5m worth of shares in the company, implying that they are deeply invested in the company's success.
Component | 2023 | 2022 | Proportion (2023) |
Salary | US$320k | US$332k | 55% |
Other | US$264k | US$552k | 45% |
Total Compensation | US$584k | US$884k | 100% |
On an industry level, around 39% of total compensation represents salary and 61% is other remuneration. According to our research, JB Foods has allocated a higher percentage of pay to salary in comparison to the wider industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
A Look at JB Foods Limited's Growth Numbers
Over the last three years, JB Foods Limited has shrunk its earnings per share by 54% per year. It achieved revenue growth of 17% over the last year.
Investors would be a bit wary of companies that have lower EPS On the other hand, the strong revenue growth suggests the business is growing. It's hard to reach a conclusion about business performance right now. This may be one to watch. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.