In This Article:
Key Insights
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VICOM will host its Annual General Meeting on 24th of April
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Salary of S$375.6k is part of CEO Wing Yew Sim's total remuneration
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The overall pay is 383% above the industry average
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Over the past three years, VICOM's EPS grew by 4.1% and over the past three years, the total loss to shareholders 30%
The underwhelming share price performance of VICOM Ltd (SGX:WJP) in the past three years would have disappointed many shareholders. However, what is unusual is that EPS growth has been positive, suggesting that the share price has diverged from fundamentals. These are some of the concerns that shareholders may want to bring up at the next AGM held on 24th of April. They could also influence management through voting on resolutions such as executive remuneration. We discuss below why we think shareholders should be cautious of approving a raise for the CEO at the moment.
View our latest analysis for VICOM
How Does Total Compensation For Wing Yew Sim Compare With Other Companies In The Industry?
Our data indicates that VICOM Ltd has a market capitalization of S$479m, and total annual CEO compensation was reported as S$776k for the year to December 2023. Notably, that's an increase of 8.9% over the year before. While we always look at total compensation first, our analysis shows that the salary component is less, at S$376k.
On comparing similar companies from the Singapore Commercial Services industry with market caps ranging from S$273m to S$1.1b, we found that the median CEO total compensation was S$160k. This suggests that Wing Yew Sim is paid more than the median for the industry.
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | S$376k | S$343k | 48% |
| Other | S$400k | S$370k | 52% |
| Total Compensation | S$776k | S$712k | 100% |
On an industry level, roughly 79% of total compensation represents salary and 21% is other remuneration. VICOM sets aside a smaller share of compensation for salary, in comparison to the overall industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
VICOM Ltd's Growth
VICOM Ltd has seen its earnings per share (EPS) increase by 4.1% a year over the past three years. Its revenue is up 3.3% over the last year.
We would argue that the improvement in revenue is good, but isn't particularly impressive, but we're happy with the modest EPS growth. So there are some positives here, but not enough to earn high praise. 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.