In This Article:
Key Insights
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UOL Group's Annual General Meeting to take place on 24th of April
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Salary of S$905.8k is part of CEO Wee Sin Liam's total remuneration
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Total compensation is 246% above industry average
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Over the past three years, UOL Group's EPS grew by 277% and over the past three years, the total loss to shareholders 23%
Shareholders of UOL Group Limited (SGX:U14) will have been dismayed by the negative share price return over the last three years. 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 try to influence management and firm direction through voting on resolutions such as executive remuneration and other company matters. 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 UOL Group
How Does Total Compensation For Wee Sin Liam Compare With Other Companies In The Industry?
According to our data, UOL Group Limited has a market capitalization of S$4.8b, and paid its CEO total annual compensation worth S$2.9m over the year to December 2023. That's a fairly small increase of 3.8% over the previous year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at S$906k.
In comparison with other companies in the Singaporean Real Estate industry with market capitalizations ranging from S$2.7b to S$8.7b, the reported median CEO total compensation was S$844k. Hence, we can conclude that Wee Sin Liam is remunerated higher than the industry median. Furthermore, Wee Sin Liam directly owns S$2.8m worth of shares in the company, implying that they are deeply invested in the company's success.
Component | 2023 | 2022 | Proportion (2023) |
Salary | S$906k | S$844k | 31% |
Other | S$2.0m | S$2.0m | 69% |
Total Compensation | S$2.9m | S$2.8m | 100% |
Speaking on an industry level, nearly 59% of total compensation represents salary, while the remainder of 41% is other remuneration. UOL Group pays a modest slice of remuneration through salary, as compared to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
UOL Group Limited's Growth
UOL Group Limited's earnings per share (EPS) grew 277% per year over the last three years. In the last year, its revenue is down 16%.
This demonstrates that the company has been improving recently and is good news for the shareholders. 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..