Royal Deluxe Holdings Limited's (HKG:3789) CEO Might Not Expect Shareholders To Be So Generous This Year
Royal Deluxe Holdings Limited's (HKG:3789) CEO Might Not Expect Shareholders To Be So Generous This Year
Key Insights
主要見解
- Royal Deluxe Holdings will host its Annual General Meeting on 5th of September
- Salary of HK$5.01m is part of CEO Lai Heng Chao's total remuneration
- Total compensation is 141% above industry average
- Over the past three years, Royal Deluxe Holdings' EPS fell by 36% and over the past three years, the total loss to shareholders 57%
- 御佳控股將於9月5日舉行其年度股東大會
- CEO賴恒昭的總薪酬中包括501萬港元的薪水
- 總薪酬超過行業平均水平的141%
- 在過去三年中,御佳控股的每股收益下降了36%,股東的總損失達到了57%
Shareholders will probably not be too impressed with the underwhelming results at Royal Deluxe Holdings Limited (HKG:3789) recently. At the upcoming AGM on 5th of September, 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. The data we present below explains why we think CEO compensation is not consistent with recent performance.
股東們可能對御佳控股有所不滿,因爲最近的業績表現不佳(HKG:3789)。在9月5日即將舉行的股東大會上,股東們可以聽取董事會的發言,包括他們的業績扭轉計劃。他們還將有機會通過對諸如高管薪酬等決議進行投票,影響公司未來價值。我們下面呈現的數據解釋了我們爲什麼認爲CEO的薪酬與最近的業績不一致。
How Does Total Compensation For Lai Heng Chao Compare With Other Companies In The Industry?
徽昭的總薪酬如何與該行業中的其他公司相比?
Our data indicates that Royal Deluxe Holdings Limited has a market capitalization of HK$65m, and total annual CEO compensation was reported as HK$5.4m for the year to March 2024. That's a fairly small increase of 4.1% over the previous year. We note that the salary portion, which stands at HK$5.01m constitutes the majority of total compensation received by the CEO.
我們的數據顯示,御佳控股的市值爲6500萬港元,截至2024年3月的年度總CEO薪酬報告爲540萬港元。相比上一年,這隻增加了4.1%。我們注意到薪酬的部分佔絕大部分,約爲501萬港元,構成了CEO獲得的總薪酬。
On comparing similar-sized companies in the Hong Kong Construction industry with market capitalizations below HK$1.6b, we found that the median total CEO compensation was HK$2.3m. Accordingly, our analysis reveals that Royal Deluxe Holdings Limited pays Lai Heng Chao north of the industry median.
通過比較香港施工行業市值低於16億港元的類似規模公司,我們發現中位數總CEO薪酬爲230萬港元。因此,我們的分析顯示,御佳控股支付給徽昭高於行業中位數的薪酬。
Component | 2024 | 2023 | Proportion (2024) |
Salary | HK$5.0m | HK$4.8m | 92% |
Other | HK$418k | HK$418k | 8% |
Total Compensation | HK$5.4m | HK$5.2m | 100% |
組成部分 | 2024 | 2023 | 比例(2024年) |
薪資 | 500萬港元 | 480萬元港元 | 92% |
其他 | 418,000港元 | 418,000港元 | 8% |
總補償 | 重要提示:御佳控股是一隻令人興奮的股票,但我們理解投資者可能正在尋找一份沒有負擔的資產負債表和巨大回報的股票。您可能會在這個高roe和低債務的有趣公司列表中找到更好的選擇。 | Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. | 100% |
Talking in terms of the industry, salary represented approximately 84% of total compensation out of all the companies we analyzed, while other remuneration made up 16% of the pie. Although there is a difference in how total compensation is set, Royal Deluxe Holdings more or less reflects the market in terms of setting the salary. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
![1724970057286](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240830/43088719-0-25a494fcdcc9808c552bdd9553a74fa0.webp/bigjpg)
Royal Deluxe Holdings Limited's Growth
Over the last three years, Royal Deluxe Holdings Limited has shrunk its earnings per share by 36% per year. It achieved revenue growth of 12% over the last year.
Overall this is not a very positive result for shareholders. While the revenue growth is good to see, it is outweighed by the fact that EPS are down, over three years. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. 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.
Has Royal Deluxe Holdings Limited Been A Good Investment?
Few Royal Deluxe Holdings Limited shareholders would feel satisfied with the return of -57% over three years. This suggests it would be unwise for the company to pay the CEO too generously.
To Conclude...
總之...
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.
隨着公司業績的疲軟,股東們在其投資上的股價回報也很差,這表明他們極不可能贊成提高首席執行官的薪酬。在即將到來的股東大會上,管理層將有機會解釋他們計劃如何使業務恢復正常並應對投資者的關切。
CEO pay is simply one of the many factors that need to be considered while examining business performance. That's why we did our research, and identified 3 warning signs for Royal Deluxe Holdings (of which 2 shouldn't be ignored!) that you should know about in order to have a holistic understanding of the stock.
Important note: Royal Deluxe 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。