Should Shareholders Reconsider WAC Holdings Limited's (HKG:8619) CEO Compensation Package?
Should Shareholders Reconsider WAC Holdings Limited's (HKG:8619) CEO Compensation Package?
Key Insights
關鍵見解
- WAC Holdings will host its Annual General Meeting on 17th of November
- Total pay for CEO Po Lam Kwong includes HK$2.16m salary
- The total compensation is 84% higher than the average for the industry
- Over the past three years, WAC Holdings' EPS fell by 12% and over the past three years, the total loss to shareholders 82%
- WAC Holdings將於11月17日舉辦年度股東大會
- 首席執行官寶林光的總薪酬包括216萬港元的薪水
- 總薪酬比行業平均水平高84%
- 在過去三年中,WAC Holdings的每股收益下降了12%,在過去三年中,股東的總虧損爲82%
WAC Holdings Limited (HKG:8619) has not performed well recently and CEO Po Lam Kwong will probably need to up their game. At the upcoming AGM on 17th of November, shareholders can hear from the board including their plans for turning around performance. They will also get a chance to influence managerial decision-making through voting on resolutions such as executive remuneration, which may impact firm value in the future. We present the case why we think CEO compensation is out of sync with company performance.
WAC Holdings Limited(HKG: 8619)最近表現不佳,首席執行官光寶林可能需要提高競爭力。在即將於11月17日舉行的股東周年大會上,股東可以聽取董事會的意見,包括他們扭轉業績的計劃。他們還將有機會通過對高管薪酬等決議進行投票來影響管理決策,這可能會影響公司未來的價值。我們舉例說明了爲什麼我們認爲首席執行官的薪酬與公司業績不同步。
Check out our latest analysis for WAC Holdings
查看我們對WAC Holdings的最新分析
How Does Total Compensation For Po Lam Kwong Compare With Other Companies In The Industry?
寶林光的總薪酬與業內其他公司相比如何?
According to our data, WAC Holdings Limited has a market capitalization of HK$149m, and paid its CEO total annual compensation worth HK$4.1m over the year to March 2023. That's a notable increase of 36% on last year. Notably, the salary which is HK$2.16m, represents a considerable chunk of the total compensation being paid.
根據我們的數據,WAC Holdings Limited的市值爲1.49億港元,在截至2023年3月的一年中,向其首席執行官支付的年薪總額爲410萬港元。這比去年顯著增長了36%。值得注意的是,216萬港元的工資佔所支付總薪酬的很大一部分。
In comparison with other companies in the Hong Kong Professional Services industry with market capitalizations under HK$1.6b, the reported median total CEO compensation was HK$2.2m. Accordingly, our analysis reveals that WAC Holdings Limited pays Po Lam Kwong north of the industry median.
與香港專業服務行業中市值低於16億港元的其他公司相比,報告的首席執行官薪酬總額中位數爲220萬港元。因此,我們的分析顯示,WAC Holdings Limited向寶林光支付的薪水爲行業中位數以北。
Component | 2023 | 2022 | Proportion (2023) |
Salary | HK$2.2m | HK$2.0m | 53% |
Other | HK$1.9m | HK$932k | 47% |
Total Compensation | HK$4.1m | HK$3.0m | 100% |
組件 | 2023 | 2022 | 比例 (2023) |
工資 | 220 萬港元 | 200 萬港元 | 53% |
其他 | 190 萬港元 | 93.2 萬港元 | 47% |
總薪酬 | 410 萬港元 | 300 萬港元 | 100% |
On an industry level, roughly 89% of total compensation represents salary and 11% is other remuneration. It's interesting to note that WAC Holdings allocates a smaller portion of compensation to salary in comparison 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.
在行業層面上,總薪酬中約有89%代表工資,11%是其他薪酬。值得注意的是,與整個行業相比,WAC Holdings分配的薪酬比例較小。如果工資是總薪酬的主要組成部分,則表明無論業績如何,首席執行官在總薪酬中獲得的固定比例都更高。
![ceo-compensation](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231111/0-6daf38ab3545ed17e38e448483e4b779-0-7bcca059f1e4d0aec375fa6c618d6fa9.png/big)
WAC Holdings Limited's Growth
WAC 控股有限公司的成長
Over the last three years, WAC Holdings Limited has shrunk its earnings per share by 12% per year. Its revenue is up 12% over the last year.
在過去三年中,WAC Holdings Limited的每股收益每年減少12%。其收入比去年增長了12%。
Few shareholders would be pleased to read that EPS have declined. While the revenue growth is good to see, it is outweighed by the fact that EPS are down, over three years. 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.
很少有股東會高興地讀到每股收益下降了。儘管收入增長是件好事,但三年來每股收益的下降所抵消。很難說該公司正在全力以赴,因此股東可能不願高昂的首席執行官薪酬。儘管我們沒有分析師對公司的預測,但股東們可能需要查看這張詳細的收益、收入和現金流歷史圖表。
Has WAC Holdings Limited Been A Good Investment?
WAC Holdings Limited是一筆不錯的投資嗎?
Few WAC Holdings Limited shareholders would feel satisfied with the return of -82% over three years. Therefore, it might be upsetting for shareholders if the CEO were paid generously.
很少有WAC Holdings Limited的股東會對三年內-82%的回報感到滿意。因此,如果首席執行官獲得豐厚的報酬,可能會讓股東感到沮喪。
To Conclude...
總而言之...
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, management will get a chance to explain how they plan to get the business back on track and address the concerns from investors.
除了業務表現不佳外,股東的投資回報率也很差,這表明他們幾乎沒有機會贊成首席執行官加薪。在即將舉行的股東周年大會上,管理層將有機會解釋他們計劃如何使業務重回正軌並解決投資者的擔憂。
CEO pay is simply one of the many factors that need to be considered while examining business performance. In our study, we found 2 warning signs for WAC Holdings you should be aware of, and 1 of them is concerning.
首席執行官的薪酬只是審查業務績效時需要考慮的衆多因素之一。在我們的研究中,我們發現了您應該注意的WAC Holdings的兩個警告信號,其中一個令人擔憂。
Important note: WAC 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:WAC Holdings是一隻令人興奮的股票,但我們知道投資者可能正在尋找不受支配的資產負債表和豐厚的回報。在這份投資回報率高、債務低的有趣公司名單中,你可能會找到更好的東西。
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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.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。