Why We Think Sligro Food Group N.V.'s (AMS:SLIGR) CEO Compensation Is Not Excessive At All

In This Article:

Key Insights

  • Sligro Food Group will host its Annual General Meeting on 22nd of March

  • Salary of €603.0k is part of CEO Koen Slippens's total remuneration

  • The overall pay is comparable to the industry average

  • Sligro Food Group's total shareholder return over the past three years was 35% while its EPS grew by 4.5% over the past three years

Under the guidance of CEO Koen Slippens, Sligro Food Group N.V. (AMS:SLIGR) has performed reasonably well recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 22nd of March. Based on our analysis of the data below, we think CEO compensation seems reasonable for now.

Check out our latest analysis for Sligro Food Group

Comparing Sligro Food Group N.V.'s CEO Compensation With The Industry

Our data indicates that Sligro Food Group N.V. has a market capitalization of €680m, and total annual CEO compensation was reported as €1.1m for the year to December 2022. Notably, that's an increase of 53% over the year before. In particular, the salary of €603.0k, makes up a fairly large portion of the total compensation being paid to the CEO.

In comparison with other companies in the the Netherlands Consumer Retailing industry with market capitalizations ranging from €378m to €1.5b, the reported median CEO total compensation was €1.0m. From this we gather that Koen Slippens is paid around the median for CEOs in the industry. Furthermore, Koen Slippens directly owns €1.7m worth of shares in the company.

Component

2022

2021

Proportion (2022)

Salary

€603k

€551k

53%

Other

€535k

€191k

47%

Total Compensation

€1.1m

€742k

100%

On an industry level, roughly 36% of total compensation represents salary and 64% is other remuneration. It's interesting to note that Sligro Food Group pays out a greater portion of remuneration through salary, compared to the industry. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

ceo-compensation
ENXTAM:SLIGR CEO Compensation March 16th 2023

Sligro Food Group N.V.'s Growth

Sligro Food Group N.V.'s earnings per share (EPS) grew 4.5% per year over the last three years. It achieved revenue growth of 31% over the last year.

We like the look of the strong year-on-year improvement in revenue. Combined with modest EPS growth, we get a good impression of the company. We'd stop short of saying the business performance is amazing, but there are enough positives to justify further research, or even adding the stock to your watch-list. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..