Shareholders May Be More Conservative With National Electronics Holdings Limited's (HKG:213) CEO Compensation For Now
Shareholders May Be More Conservative With National Electronics Holdings Limited's (HKG:213) CEO Compensation For Now
Key Insights
主要見解
- National Electronics Holdings to hold its Annual General Meeting on 23rd of August
- Salary of HK$3.36m is part of CEO James Lee's total remuneration
- The overall pay is 80% above the industry average
- National Electronics Holdings' three-year loss to shareholders was 36% while its EPS was down 28% over the past three years
- 國民電子控股將於8月23日舉行年度股東大會
- 總薪酬中的336萬港元是CEO James Lee的報酬之一
- 總薪酬比行業平均水平高80%
- 國民電子控股公司股東的三年損失爲36%,而每股收益在過去三年內下降了28%
In the past three years, the share price of National Electronics Holdings Limited (HKG:213) has struggled to grow and now shareholders are sitting on a loss. In addition, the company's per-share earnings growth is not looking good, despite growing revenues. The AGM coming up on 23rd of August will be an opportunity for shareholders to have their concerns addressed by the board and for them to exercise their influence on management through voting on resolutions such as executive remuneration. Here's our take on why we think shareholders might be hesitant about approving a raise at the moment.
在過去的三年中,國民電子控股有限公司(HKG:213)的股價一直難以增長,現在股東們損失慘重。此外,儘管營業收入增長,但公司每股收益增長不佳。即將於8月23日舉行的股東大會將是股東們就董事會的問題提出關注並通過投票決議,比如執行報酬等,對管理層施加影響的機會。以下是我們對爲什麼股東們可能會對目前批准報酬提出疑慮的看法。
Comparing National Electronics Holdings Limited's CEO Compensation With The Industry
與行業相比,國民電子控股有限公司的CEO薪酬如何
According to our data, National Electronics Holdings Limited has a market capitalization of HK$577m, and paid its CEO total annual compensation worth HK$3.4m over the year to March 2024. Notably, that's a decrease of 44% over the year before. Notably, the salary which is HK$3.36m, represents most of the total compensation being paid.
根據我們的數據,國民電子控股有限公司的市值爲5,7700萬港元,於2024年3月的一年內支付給其CEO的總年薪爲340萬港元。值得注意的是,這是比去年同期下降了44%。值得注意的是,336萬港元的薪水佔總薪酬的大部分。
On comparing similar-sized companies in the Hong Kong Luxury industry with market capitalizations below HK$1.6b, we found that the median total CEO compensation was HK$1.9m. This suggests that James Lee is paid more than the median for the industry.
我們比較了香港奢侈品行業市值低於16億港元的同等規模公司,發現中位數總CEO報酬爲190萬港元。這表明James Lee相較於行業中位數有較高的薪酬水平。
Component | 2024 | 2023 | Proportion (2024) |
Salary | HK$3.4m | HK$6.1m | 98% |
Other | HK$68k | HK$68k | 2% |
Total Compensation | HK$3.4m | HK$6.1m | 100% |
組成部分 | 2024 | 2023 | 比例(2024年) |
薪資 | 344萬港元 | 610萬元港元 | 98% |
其他 | 68000港幣 | 68000港幣 | 2% |
總補償 | 340萬港元 | 610萬元港元 | 100% |
Speaking on an industry level, nearly 91% of total compensation represents salary, while the remainder of 9% is other remuneration. National Electronics Holdings pays a high salary, concentrating more on this aspect of compensation in comparison to non-salary pay. 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.
就業市場方面,近91%的總薪酬結構表明薪水是主要組成部分,其餘9%是其他報酬。相較於非薪酬報酬,國民電子控股公司支付較高的薪水。如果薪水在總薪酬中佔據主導地位,這表明CEO無論表現如何,都會獲得更高的固定比例的總薪酬。
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National Electronics Holdings Limited's Growth
國民電子控股有限公司的發展
National Electronics Holdings Limited has reduced its earnings per share by 28% a year over the last three years. Its revenue is up 15% over the last year.
過去三年中,國民電子控股有限公司的每股收益年均下降28%。其營業收入在去年上漲了15%。
The reduction in EPS, over three years, is arguably concerning. On the other hand, the strong revenue growth suggests the business is growing. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.
在過去三年中,EPS的下降可以說是令人擔憂的。另一方面,強勁的營業收入增長表明該業務正在增長。總之,我們無法對業務績效形成強烈的看法,但這是值得關注的。我們沒有分析師的預測,但您可以通過查看更詳細的歷史收益,營業收入和現金流圖表來更好地了解其增長情況。
Has National Electronics Holdings Limited Been A Good Investment?
國民電子控股有限公司是否是好的投資?
With a total shareholder return of -36% over three years, National Electronics Holdings Limited shareholders would by and large be disappointed. This suggests it would be unwise for the company to pay the CEO too generously.
在過去的三年中,國民電子控股有限公司的總股東回報率下降了36%,股東們普遍感到失望。這表明對公司慷慨地支付CEO薪酬是不明智的。
In Summary...
總之……
James receives almost all of their compensation through a salary. The loss to shareholders over the past three years is certainly concerning and possibly has something to do with the fact that the company's earnings haven't grown. In the upcoming AGM, shareholders will get the opportunity to discuss any issues with the board, including those related to CEO remuneration and assess if the board's plan is in line with their expectations.
James通過薪水幾乎獲得全部報酬。過去三年的股東虧損確實令人擔憂,可能與公司的盈利未增長有關。在即將舉行的股東大會上,股東們將有機會與董事會討論任何問題,包括與CEO報酬相關的問題,並評估董事會的計劃是否符合他們的預期。
CEO pay is simply one of the many factors that need to be considered while examining business performance. In our study, we found 4 warning signs for National Electronics Holdings you should be aware of, and 2 of them are a bit concerning.
CEO報酬只是需要在考慮企業績效時考慮的衆多因素之一。在我們的研究中,我們發現了有關國民電子控股的4個預警信號,您應該意識到,其中有2個有點令人擔憂。
Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.
可以說,業務質量比CEO薪酬水平更爲重要。因此,請查看這個免費的有趣公司列表,這些公司具有高的淨資產收益率和較低的債務。
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