We Think Some Shareholders May Hesitate To Increase Heng Tai Consumables Group Limited's (HKG:197) CEO Compensation
We Think Some Shareholders May Hesitate To Increase Heng Tai Consumables Group Limited's (HKG:197) CEO Compensation
Key Insights
主要見解
- Heng Tai Consumables Group to hold its Annual General Meeting on 9th of December
- Salary of HK$2.84m is part of CEO Kwok Hing Lam's total remuneration
- The overall pay is comparable to the industry average
- Heng Tai Consumables Group's EPS grew by 32% over the past three years while total shareholder loss over the past three years was 91%
- 亨泰消費品集團將在12月9日召開年度股東大會
- 284萬港元的薪酬是CEO郭慶林總薪酬的一部分
- 總報酬數與行業平均水平相當。
- 亨泰消費品集團的每股收益在過去三年增長了32%,而總股東在過去三年損失了91%
In the past three years, the share price of Heng Tai Consumables Group Limited (HKG:197) has struggled to grow and now shareholders are sitting on a loss. Despite positive EPS growth in the past few years, the share price hasn't tracked the fundamental performance of the company. The AGM coming up on the 9th of December could be an opportunity for shareholders to bring these concerns to the board's attention. They could also influence management through voting on resolutions such as executive remuneration. We think shareholders might be reluctant to increase compensation for the CEO at the moment, according to our analysis below.
在過去三年中,亨泰消費品集團有限公司(HKG:197)的股價增長乏力,目前股東們面臨虧損。儘管過去幾年每股收益(EPS)有所增長,但股價並沒有跟隨公司的基本業績變化。即將於12月9日召開的股東大會可能是股東們向董事會提出這些問題的機會。他們還可以通過對例如高管薪酬等提案進行投票來影響管理層。根據我們以下的分析,我們認爲股東們可能對目前增加CEO的薪酬持謹慎態度。
How Does Total Compensation For Kwok Hing Lam Compare With Other Companies In The Industry?
郭興林的總薪酬與行業內其他公司相比如何?
According to our data, Heng Tai Consumables Group Limited has a market capitalization of HK$43m, and paid its CEO total annual compensation worth HK$3.1m over the year to June 2024. This was the same as last year. Notably, the salary which is HK$2.84m, represents most of the total compensation being paid.
根據我們的數據,亨泰消費品集團有限公司的市值爲4300萬港元,其CEO在截至2024年6月的年度支付的總年薪爲310萬港元。這與去年相同。值得注意的是,284萬港元的薪水佔總薪酬的大部分。
In comparison with other companies in the Hong Kong Consumer Retailing industry with market capitalizations under HK$1.6b, the reported median total CEO compensation was HK$2.6m. So it looks like Heng Tai Consumables Group compensates Kwok Hing Lam in line with the median for the industry. What's more, Kwok Hing Lam holds HK$7.3m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
與其他市場資本化低於16億港元的香港消費零售行業公司相比,報告的CEO總薪酬中位數爲260萬港元。因此,看來亨泰消費品集團對郭興林的薪酬與行業中位數相符。此外,郭興林以個人名義持有價值730萬港元的公司股票,表明他們在公司中有很大的利益。
Component | 2024 | 2023 | Proportion (2024) |
Salary | HK$2.8m | HK$2.8m | 92% |
Other | HK$236k | HK$236k | 8% |
Total Compensation | HK$3.1m | HK$3.1m | 100% |
組成部分 | 2024 | 2023 | 比例(2024年) |
薪資 | 280萬元港幣 | 280萬元港幣 | 92% |
其他 | HK$236k | HK$236k | 8% |
總補償 | 310萬港幣 | 310萬港元 | 100% |
On an industry level, roughly 67% of total compensation represents salary and 33% is other remuneration. Heng Tai Consumables Group is paying a higher share of its remuneration through a salary in comparison to the overall industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
在行業層面,總薪酬的約67%是工資,33%是其他報酬。 亨泰消費品集團通過工資支付的報酬比例高於整體行業。如果工資在總薪酬中占主導地位,這表明CEO的薪酬更少傾向於與業績相關的變量部分。
A Look at Heng Tai Consumables Group Limited's Growth Numbers
亨泰消耗品集團有限公司的增長數據分析
Heng Tai Consumables Group Limited has seen its earnings per share (EPS) increase by 32% a year over the past three years. The trailing twelve months of revenue was pretty much the same as the prior period.
亨泰消耗品集團有限公司每股收益(EPS)在過去三年中每年增長32%。最近十二個月的營業收入與之前的時期大致相同。
Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. 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.
總體來看,這對股東來說是一個積極的結果,顯示公司近年來有所改善。看到營業收入上升,很高興,因爲這與健康的業務環境是一致的。雖然我們沒有對該公司的分析師預測,但股東可能希望檢查這個詳細的歷史數據圖表,包括盈利、營業收入和現金流。
Has Heng Tai Consumables Group Limited Been A Good Investment?
亨泰消耗品集團有限公司是一個好投資嗎?
Few Heng Tai Consumables Group Limited shareholders would feel satisfied with the return of -91% over three years. So shareholders would probably want the company to be less generous with CEO compensation.
幾乎沒有亨泰消耗品集團有限公司的股東會對三年內-91%的回報感到滿意。因此,股東可能希望公司在CEO的薪酬上減少慷慨程度。
To Conclude...
總之...
Shareholders have not seen their shares grow in value, rather they have seen their shares decline. The fact that the stock price hasn't grown along with earnings may indicate that other issues may be affecting that stock. If there are some unknown variables that are influencing the stock's price, surely shareholders would have some concerns. The upcoming AGM will be a chance for shareholders to question the board on key matters, such as CEO remuneration or any other issues they might have and revisit their investment thesis with regards to the company.
股東們沒有看到他們的股票增值,反而看到股票下跌。股票價格沒有隨每股收益增長可能表明其他問題正在影響該股票。如果有一些未知的變量在影響股票價格,股東肯定會感到擔憂。即將召開的股東大會將是股東們質詢董事會關鍵問題的機會,例如CEO薪酬或他們可能存在的其他問題,並重新審視他們對公司的投資論點。
While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. That's why we did some digging and identified 3 warning signs for Heng Tai Consumables Group that investors should think about before committing capital to this stock.
雖然關注CEO薪酬很重要,但投資者也應考慮業務的其他因素。這就是爲什麼我們進行了一些深入研究,識別出亨泰消耗品集團的3個警告信號,投資者在向這隻股票投入資本之前應當考慮這些。
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
當然,你可能會通過觀察其他股票的不同漲跌幅來找到一筆不錯的投資。所以,可以看一下這個有趣的公司的免費列表。
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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的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。