We Think Hung Fook Tong Group Holdings Limited's (HKG:1446) CEO Compensation Package Needs To Be Put Under A Microscope
We Think Hung Fook Tong Group Holdings Limited's (HKG:1446) CEO Compensation Package Needs To Be Put Under A Microscope
Key Insights
主要見解
- Hung Fook Tong Group Holdings will host its Annual General Meeting on 7th of June
- Salary of HK$3.06m is part of CEO Wing Fu Szeto's total remuneration
- The overall pay is 110% above the industry average
- Hung Fook Tong Group Holdings' three-year loss to shareholders was 64% while its EPS was down 124% over the past three years
- 鴻福堂集團控股將於6月7日舉行年度股東大會。
- CEO司徒詠富的總薪酬中包括306萬港幣的薪資。
- 綜合薪酬超過行業平均水平110%。
- 過去三年,鴻福堂集團控股對股東的虧損爲64%,每股收益下降124%。
Hung Fook Tong Group Holdings Limited (HKG:1446) has not performed well recently and CEO Wing Fu Szeto will probably need to up their game. Shareholders will be interested in what the board will have to say about turning performance around at the next AGM on 7th of June. 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.
香港飲料行業企業鴻福堂集團控股股票代碼爲1446。最近表現不佳,CEO司徒詠富可能需要提高業務水平。股東們將對董事會在6月7日的下一次股東大會上提出的扭轉表現計劃表示關注。他們還將有機會通過表決決議來影響管理決策,例如執行薪酬,這可能會影響公司未來的價值。我們以下提供的數據解釋了我們爲什麼認爲CEO的薪酬與最近的表現不一致。
Comparing Hung Fook Tong Group Holdings Limited's CEO Compensation With The Industry
將鴻福堂集團控股與行業進行CEO薪酬比較。
According to our data, Hung Fook Tong Group Holdings Limited has a market capitalization of HK$110m, and paid its CEO total annual compensation worth HK$3.5m over the year to December 2023. That's a modest increase of 4.3% on the prior year. In particular, the salary of HK$3.06m, makes up a huge portion of the total compensation being paid to the CEO.
根據我們的數據,鴻福堂集團控股有110億港元的市值,並在截至2023年12月的一年內向CEO支付了總年薪350萬港元。與去年相比,這是一個小幅增長的4.3%。其中,306萬港元的薪資佔了CEO總薪酬的很大一部分。
For comparison, other companies in the Hong Kong Beverage industry with market capitalizations below HK$1.6b, reported a median total CEO compensation of HK$1.7m. Hence, we can conclude that Wing Fu Szeto is remunerated higher than the industry median. What's more, Wing Fu Szeto holds HK$4.4m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
相比之下,市值低於16億港元的香港飲料行業其他公司的CEO總薪酬中位數爲170萬港元。因此,我們可以得出結論,司徒詠富的薪酬高於行業中位數。此外,司徒詠富以自己的名義持有價值440萬港元的公司股票,表明他在遊戲中有很多自己的利益。
Component | 2023 | 2022 | Proportion (2023) |
Salary | HK$3.1m | HK$2.9m | 88% |
Other | HK$416k | HK$418k | 12% |
Total Compensation | HK$3.5m | HK$3.3m | 100% |
組成部分 | 2023 | 2022 | 比例(2023) |
薪資 | 310萬港元 | 290萬元港幣 | 88% |
其他 | 416,000港元 | 418,000港元 | 12% |
總補償 | 350萬港元 | 330萬港元 | 100% |
On an industry level, around 74% of total compensation represents salary and 26% is other remuneration. According to our research, Hung Fook Tong Group Holdings has allocated a higher percentage of pay to salary in comparison to the wider industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
在行業層面上,約74%的總薪酬代表薪資,另外26%是其他薪酬。根據我們的研究,與更廣泛的行業相比,鴻福堂集團控股已經將更高比例的薪酬分配到薪資上。如果薪資主導總薪酬,這意味着CEO的薪酬向效能相關的變量傾斜。
![ceo-compensation](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240601/0-ea77ad14103a49a2b489c8cbc8db5d6e-0-06f69f813a54baa442568a03bfeeb32e.png/big)
A Look at Hung Fook Tong Group Holdings Limited's Growth Numbers
鴻福堂集團控股過去三年來每股收益年均下降124%。今年,其營業收入下降了2.0%。
Over the last three years, Hung Fook Tong Group Holdings Limited has shrunk its earnings per share by 124% per year. In the last year, its revenue is down 2.0%.
幾乎沒有股東會爲每股收益下降而感到高興。營業收入年同比下降的事實可能會描繪出一個醜陋的畫面。這些因素表明企業表現並不能證明CEO獲得高薪。雖然我們沒有分析師的預測,但您可能希望評估一下這些有關收益、營業收入和現金流的數據的可視化。
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. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
鴻福堂集團控股有限公司在過去三年中獲得的股東總回報率爲負64%,股東們可能會感到失望。因此,股東們可能希望公司對CEO薪酬進行更少慷慨的回報。CEO薪酬只是考慮企業表現的衆多因素之一。這就是爲什麼我們進行了我們的研究,並識別了有關鴻福堂集團控股的2個警告信號(其中1個不容忽視!),您應該知道這些信號以便全面了解該股票。
Has Hung Fook Tong Group Holdings Limited Been A Good Investment?
鴻福堂集團控股有限公司是否是一個好的投資?
With a total shareholder return of -64% over three years, Hung Fook Tong Group Holdings Limited shareholders would by and large be disappointed. So shareholders would probably want the company to be less generous with CEO compensation.
在過去的三年中,鴻福堂集團控股的股東總回報率爲負64%,股東們大多會感到失望。因此,股東們可能希望公司對CEO薪酬進行更少的慷慨回報。
In Summary...
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, the board will get the chance to explain the steps it plans to take to improve business performance.
隨着業務表現不佳,股東的投資回報率也隨之下降,這表明他們很少有機會支持加薪。在即將舉行的股東大會上,董事會將有機會解釋其計劃改善業務績效。
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 2 warning signs for Hung Fook Tong Group Holdings (of which 1 can't be ignored!) that you should know about in order to have a holistic understanding of the stock.
考慮到業務業績的多方面因素,CEO薪酬只是需要考慮的許多因素之一。這就是爲什麼我們進行研究並確定了鴻福堂集團控股的2個警告信號(其中1個是不可忽視的!),以便您可以全面了解該公司股票。
Switching gears from Hung Fook Tong Group Holdings, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.
如果你正在尋找一個完美的資產負債表和高額回報率,那麼這個自由列表包含了一些高收益、低負債的公司,值得一看。
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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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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。