In This Article:
Key Insights
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CryptoStar will host its Annual General Meeting on 25th of July
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Total pay for CEO David Jellins includes US$158.8k salary
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Total compensation is 65% below industry average
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Over the past three years, CryptoStar's EPS fell by 1.0% and over the past three years, the total loss to shareholders 76%
The disappointing performance at CryptoStar Corp. (CVE:CSTR) will make some shareholders rather disheartened. There is an opportunity for shareholders to influence management to turn the performance around by voting on resolutions such as executive remuneration at the AGM coming up on 25th of July. We think most shareholders will probably pass the CEO compensation, based on what we gathered.
View our latest analysis for CryptoStar
Comparing CryptoStar Corp.'s CEO Compensation With The Industry
According to our data, CryptoStar Corp. has a market capitalization of CA$13m, and paid its CEO total annual compensation worth US$159k over the year to December 2023. That's slightly lower by 3.2% over the previous year. Notably, the salary of US$159k is the entirety of the CEO compensation.
For comparison, other companies in the Canada IT industry with market capitalizations below CA$274m, reported a median total CEO compensation of US$457k. This suggests that David Jellins is paid below the industry median.
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | US$159k | US$164k | 100% |
| Other | - | - | - |
| Total Compensation | US$159k | US$164k | 100% |
Speaking on an industry level, nearly 60% of total compensation represents salary, while the remainder of 40% is other remuneration. At the company level, CryptoStar pays David Jellins solely through a salary, preferring to go down a conventional route. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
A Look at CryptoStar Corp.'s Growth Numbers
Over the last three years, CryptoStar Corp. has shrunk its earnings per share by 1.0% per year. In the last year, its revenue is down 27%.
Its a bit disappointing to see that the company has failed to grow its EPS. And the fact that revenue is down year on year arguably paints an ugly picture. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. 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.
Has CryptoStar Corp. Been A Good Investment?
The return of -76% over three years would not have pleased CryptoStar Corp. shareholders. Therefore, it might be upsetting for shareholders if the CEO were paid generously.