In This Article:
Key Insights
-
Singapore Post's Annual General Meeting to take place on 24th of July
-
Salary of S$850.0k is part of CEO Vincent Phang's total remuneration
-
The total compensation is 196% higher than the average for the industry
-
Over the past three years, Singapore Post's EPS grew by 27% and over the past three years, the total loss to shareholders 33%
In the past three years, the share price of Singapore Post Limited (SGX:S08) has struggled to grow and now shareholders are sitting on a loss. What is concerning is that despite positive EPS growth, the share price has not tracked the trend in fundamentals. These are some of the concerns that shareholders may want to bring up at the next AGM held on 24th of July. They could also influence management through voting on resolutions such as executive remuneration. We think shareholders might be reluctant to increase compensation for the CEO at the moment, according to our analysis below.
View our latest analysis for Singapore Post
How Does Total Compensation For Vincent Phang Compare With Other Companies In The Industry?
At the time of writing, our data shows that Singapore Post Limited has a market capitalization of S$1.0b, and reported total annual CEO compensation of S$1.7m for the year to March 2024. That's a notable decrease of 25% on last year. In particular, the salary of S$850.0k, makes up a fairly large portion of the total compensation being paid to the CEO.
For comparison, other companies in the Singapore Logistics industry with market capitalizations ranging between S$536m and S$2.1b had a median total CEO compensation of S$573k. This suggests that Vincent Phang is paid more than the median for the industry.
| Component | 2024 | 2023 | Proportion (2024) |
| Salary | S$850k | S$850k | 50% |
| Other | S$847k | S$1.4m | 50% |
| Total Compensation | S$1.7m | S$2.3m | 100% |
Speaking on an industry level, nearly 74% of total compensation represents salary, while the remainder of 26% is other remuneration. Singapore Post sets aside a smaller share of compensation for salary, in comparison to the overall industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
A Look at Singapore Post Limited's Growth Numbers
Over the past three years, Singapore Post Limited has seen its earnings per share (EPS) grow by 27% per year. Its revenue is down 9.9% over the previous year.
Shareholders would be glad to know that the company has improved itself over the last few years. It's always a tough situation when revenues are not growing, but ultimately profits are more important. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..