Innovax Holdings Limited's (HKG:2680) CEO Might Not Expect Shareholders To Be So Generous This Year
Innovax Holdings Limited's (HKG:2680) CEO Might Not Expect Shareholders To Be So Generous This Year
Key Insights
主要见解
- Innovax Holdings will host its Annual General Meeting on 9th of August
- Total pay for CEO Calvin Poon includes HK$2.40m salary
- Total compensation is 136% above industry average
- Over the past three years, Innovax Holdings' EPS fell by 9.3% and over the past three years, the total loss to shareholders 60%
- Innovax Holdings将于8月9日举行其年度股东大会。
- 总薪酬包括HK$ 240万的CEO Calvin Poon的薪水。
- 总补偿高出行业平均水平136%。
- 在过去的三年中,Innovax Holdings的EPS下降了9.3%,在同期内股东的总亏损为60%。
The results at Innovax Holdings Limited (HKG:2680) have been quite disappointing recently and CEO Calvin Poon bears some responsibility for this. At the upcoming AGM on 9th of August, shareholders can hear from the board including their plans for turning around performance. This will be also be a chance where they can challenge the board on company direction and vote on resolutions such as executive remuneration. We present the case why we think CEO compensation is out of sync with company performance.
最近Innovax Holdings Limited(HKG:2680)的表现令人失望,CEO Calvin Poon对此负有一定责任。 在即将到来的8月9日举行的股东大会上,股东可以听取董事会的意见以及他们转变业绩的计划。同时也有机会对董事会就公司方向提出质疑并就决议案(例如高管薪酬)进行投票。我们提出了CEO薪酬与公司业绩不匹配的理由。
How Does Total Compensation For Calvin Poon Compare With Other Companies In The Industry?
Calvin Poon的总薪酬如何与行业内其他公司相比?
According to our data, Innovax Holdings Limited has a market capitalization of HK$120m, and paid its CEO total annual compensation worth HK$4.5m over the year to February 2024. This was the same as last year. We note that the salary of HK$2.40m makes up a sizeable portion of the total compensation received by the CEO.
根据我们的数据,Innovax Holdings Limited的市值为1.2亿港元,其CEO在2024年2月支付的总年薪为450万港元,与上一年相同。我们注意到,240万港元的薪水占CEO总薪酬的相当大一部分。
For comparison, other companies in the Hong Kong Capital Markets industry with market capitalizations below HK$1.6b, reported a median total CEO compensation of HK$1.9m. Accordingly, our analysis reveals that Innovax Holdings Limited pays Calvin Poon north of the industry median.
与之相比,香港资本市场行业市值低于16亿港元的其他公司报告了CEO薪酬的中位数为190万港元。因此,我们的分析表明Innovax Holdings Limited向Calvin Poon支付的薪酬高于行业中位数。
Component | 2024 | 2024 | Proportion (2024) |
Salary | HK$2.4m | HK$2.4m | 53% |
Other | HK$2.1m | HK$2.1m | 47% |
Total Compensation | HK$4.5m | HK$4.5m | 100% |
组成部分 | 2024 | 2024 | 比例(2024年) |
薪资 | 240万港元 | 240万港元 | 53% |
其他 | 210万港元 | 210万港元 | 47% |
总补偿 | 450万港元 | 450万元港币 | 100% |
Speaking on an industry level, nearly 84% of total compensation represents salary, while the remainder of 16% is other remuneration. Innovax Holdings pays a modest slice of remuneration through salary, as compared to the broader 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.
就行业而言,近84%的总薪酬代表薪水,其余16%是其他薪酬。与整个行业相比,Innovax Holdings通过薪水支付较小的薪酬分部,如果薪水是总薪酬的主要组成部分,则表明CEO无论表现如何都会获得较高的固定比例的总薪酬。
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A Look at Innovax Holdings Limited's Growth Numbers
Innovax Holdings Limited的增长数字
Innovax Holdings Limited has reduced its earnings per share by 9.3% a year over the last three years. Its revenue is down 28% over the previous year.
在过去的三年中,Innovax Holdings Limited每股收益平均下降了9.3%。其营收较上一年下降了28%。
Few shareholders would be pleased to read that EPS have declined. And the fact that revenue is down year on year arguably paints an ugly picture. It's hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.
很少有股东会高兴地看到每股收益下降的消息。而收入下降的事实无疑描绘了不太美丽的画面。公司难以全力以赴,因此股东可能对高CEO薪酬感到反感。我们没有公司的分析师预测,因此股东可能希望查看有关公司盈利,营收和现金流的详细历史图表。
Has Innovax Holdings Limited Been A Good Investment?
Innovax Holdings Limited是否是一个好的投资?
With a total shareholder return of -60% over three years, Innovax Holdings Limited shareholders would by and large be disappointed. This suggests it would be unwise for the company to pay the CEO too generously.
三年来的总股东回报率为-60%,因此Innovax Holdings Limited的股东们可能会感到失望。这表明公司过于慷慨地支付CEO薪酬并不明智。
To Conclude...
总之...
Along with the business performing poorly, shareholders have suffered with poor share price returns on their investments, suggesting that there's little to no chance of them being in favor of a CEO pay raise. At the upcoming AGM, the board will get the chance to explain the steps it plans to take to improve business performance.
随着业务表现不佳,股东的投资回报率也随之下降,这表明他们很少有机会支持加薪。在即将举行的股东大会上,董事会将有机会解释其计划改善业务绩效。
It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. We identified 5 warning signs for Innovax Holdings (1 is concerning!) that you should be aware of before investing here.
分析CEO薪酬并彻底分析公司的关键绩效领域总是明智的。我们发现Innovax Holdings的5个警示标志(其中1个令人担忧!),在此之前应注意这些标志。
Important note: Innovax Holdings is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
重要提示:Innovax Holdings是一支令人兴奋的股票,但我们了解到投资者可能正在寻找资产负债表清晰和巨大回报的股票。您可能会在这个具有高roe和低债务的有趣公司列表中找到更好的东西。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。