Key Insights

• First Resources' Annual General Meeting to take place on 26th of April

• Total pay for CEO Ciliandra Fangiono includes US$639.1k salary

• The total compensation is 648% higher than the average for the industry

• First Resources' total shareholder return over the past three years was 8.4% while its EPS grew by 14% over the past three years

Under the guidance of CEO Ciliandra Fangiono, First Resources Limited (SGX:EB5) has performed reasonably well recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 26th of April. However, some shareholders will still be cautious of paying the CEO excessively.

View our latest analysis for First Resources

Comparing First Resources Limited's CEO Compensation With The Industry

At the time of writing, our data shows that First Resources Limited has a market capitalization of S$2.2b, and reported total annual CEO compensation of US$1.6m for the year to December 2023. That's a notable increase of 38% on last year. While we always look at total compensation first, our analysis shows that the salary component is less, at US$639k.

For comparison, other companies in the Singaporean Food industry with market capitalizations ranging between S$1.4b and S$4.4b had a median total CEO compensation of US$208k. Accordingly, our analysis reveals that First Resources Limited pays Ciliandra Fangiono north of the industry median.

Talking in terms of the industry, salary represented approximately 48% of total compensation out of all the companies we analyzed, while other remuneration made up 52% of the pie. It's interesting to note that First Resources allocates a smaller portion of compensation to salary in comparison to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

A Look at First Resources Limited's Growth Numbers

Over the past three years, First Resources Limited has seen its earnings per share (EPS) grow by 14% per year. In the last year, its revenue is down 20%.

Shareholders would be glad to know that the company has improved itself over the last few years. While it would be good to see revenue growth, profits matter more in the end. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..