Yahoo Finance

Key Insights

• Mainfreight will host its Annual General Meeting on 25th of July

• Salary of NZ$2.90m is part of CEO Don Braid's total remuneration

• The overall pay is 49% above the industry average

• Over the past three years, Mainfreight's EPS grew by 3.5% and over the past three years, the total shareholder return was 7.6%

CEO Don Braid has done a decent job of delivering relatively good performance at Mainfreight Limited (NZSE:MFT) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 25th of July. However, some shareholders may still want to keep CEO compensation within reason.

View our latest analysis for Mainfreight

Comparing Mainfreight Limited's CEO Compensation With The Industry

According to our data, Mainfreight Limited has a market capitalization of NZ$7.8b, and paid its CEO total annual compensation worth NZ$3.8m over the year to March 2024. That's a modest increase of 7.0% on the prior year. In particular, the salary of NZ$2.90m, makes up a huge portion of the total compensation being paid to the CEO.

For comparison, other companies in the New Zealand Logistics industry with market capitalizations ranging between NZ$3.3b and NZ$11b had a median total CEO compensation of NZ$2.5m. Accordingly, our analysis reveals that Mainfreight Limited pays Don Braid north of the industry median. Furthermore, Don Braid directly owns NZ$225m worth of shares in the company, implying that they are deeply invested in the company's success.

Talking in terms of the industry, salary represented approximately 77% of total compensation out of all the companies we analyzed, while other remuneration made up 23% of the pie. Although there is a difference in how total compensation is set, Mainfreight more or less reflects the market in terms of setting the salary. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

A Look at Mainfreight Limited's Growth Numbers

Mainfreight Limited has seen its earnings per share (EPS) increase by 3.5% a year over the past three years. In the last year, its revenue is down 17%.

We generally like to see a little revenue growth, but it is good to see a modest EPS growth at least. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..