In 2013 Boon Lim was appointed CEO of CSE Global Limited (SGX:544). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Next, we'll consider growth that the business demonstrates. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. This method should give us information to assess how appropriately the company pays the CEO.

Check out our latest analysis for CSE Global

How Does Boon Lim's Compensation Compare With Similar Sized Companies?

Our data indicates that CSE Global Limited is worth S$279m, and total annual CEO compensation was reported as S$2.1m for the year to December 2018. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at S$644k. Importantly, there may be performance hurdles relating to the non-salary component of the total compensation. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of S$135m to S$539m. The median total CEO compensation was S$1.0m.

It would therefore appear that CSE Global Limited pays Boon Lim more than the median CEO remuneration at companies of a similar size, in the same market. However, this fact alone doesn't mean the remuneration is too high. A closer look at the performance of the underlying business will give us a better idea about whether the pay is particularly generous.

You can see, below, how CEO compensation at CSE Global has changed over time.

Is CSE Global Limited Growing?

CSE Global Limited has increased its earnings per share (EPS) by an average of 2.9% a year, over the last three years (using a line of best fit). Its revenue is up 1.8% over last year.

I would argue that the improvement in revenue isn't particularly impressive, but it is good to see modest EPS growth. So there are some positives here, but not enough to earn high praise. Shareholders might be interested in this free visualization of analyst forecasts.

Has CSE Global Limited Been A Good Investment?

Most shareholders would probably be pleased with CSE Global Limited for providing a total return of 45% over three years. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

In Summary...

We compared total CEO remuneration at CSE Global Limited with the amount paid at companies with a similar market capitalization. We found that it pays well over the median amount paid in the benchmark group.

Over the last three years returns to investors have been great, though we might have liked stronger business growth. As a result of the juicy return to investors, the CEO remuneration may well be quite reasonable. So you may want to check if insiders are buying CSE Global shares with their own money (free access).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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