Shareholders May Be More Conservative With SJW Group's (NYSE:SJW) CEO Compensation For Now
Shareholders May Be More Conservative With SJW Group's (NYSE:SJW) CEO Compensation For Now
Key Insights
主要见解
- SJW Group's Annual General Meeting to take place on 20th of June
- Total pay for CEO Eric Thornburg includes US$874.0k salary
- Total compensation is 1,441% above industry average
- Over the past three years, SJW Group's EPS grew by 7.0% and over the past three years, the total loss to shareholders 17%
- SJW集团的股东年会将于6月20日举行。
- 总裁埃里克·桑伯格的总薪酬包括874.0万美元的工资。
- 总补偿额比行业平均水平高出1441%。
- 在过去的三年里,SJW集团的EPS增长了7.0%,而在过去的三年里,股东的总损失为17%。
The underwhelming share price performance of SJW Group (NYSE:SJW) in the past three years would have disappointed many shareholders. What is concerning is that despite positive EPS growth, the share price has not tracked the trend in fundamentals. The AGM coming up on the 20th of June could be an opportunity for shareholders to bring these concerns to the board's attention. Voting on resolutions such as executive remuneration and other matters could also be a way to influence management. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.
在过去的三年中,SJW集团(纽交所:SJW)的股价表现令许多股东失望。更令人担忧的是,尽管EPS增长表现出正面趋势,但股价并未跟随基本面的趋势。6月20日即将举行的年度股东大会可能是股东将这些问题带到董事会注意的机会。投票表决如执行薪酬和其他事项也可以成为影响管理的方法。以下是我们对为什么股东可能要谨慎批准CEO加薪的看法。
How Does Total Compensation For Eric Thornburg Compare With Other Companies In The Industry?
埃里克·桑伯格的总薪酬与其他公司在行业中的比较如何?
At the time of writing, our data shows that SJW Group has a market capitalization of US$1.7b, and reported total annual CEO compensation of US$4.2m for the year to December 2023. Notably, that's an increase of 32% over the year before. We think total compensation is more important but our data shows that the CEO salary is lower, at US$874k.
截至撰写本文时,我们的数据显示,SJW集团的市值为17亿美元,截至2023年12月报告的CEO总年薪为420万美元。值得注意的是,这比前一年增加了32%。我们认为总薪酬更重要,但我们的数据显示CEO工资较低,为874,000美元。
On examining similar-sized companies in the American Water Utilities industry with market capitalizations between US$1.0b and US$3.2b, we discovered that the median CEO total compensation of that group was US$273k. This suggests that Eric Thornburg is paid more than the median for the industry. What's more, Eric Thornburg holds US$2.4m worth of shares in the company in their own name.
在美国水务公用事业行业市值在10亿美元至32亿美元之间的同等规模公司中,我们发现该集团CEO薪酬中位数为273,000美元。这表明埃里克·桑伯格的薪酬超过了该行业的中位数。此外,埃里克·桑伯格以自己的名义持有价值240万美元的公司股票。
Component | 2023 | 2022 | Proportion (2023) |
Salary | US$874k | US$828k | 21% |
Other | US$3.3m | US$2.4m | 79% |
Total Compensation | US$4.2m | US$3.2m | 100% |
组成部分 | 2023 | 2022 | 比例(2023) |
薪资 | 874,000美元 | 828,000美元 | 21% |
其他 | 3300000美元 | 240万美元 | 79% |
总补偿 | 420万美元 | 320万美元 | 100% |
On an industry level, around 38% of total compensation represents salary and 62% is other remuneration. It's interesting to note that SJW Group allocates a smaller portion of compensation to salary in comparison to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
在行业层面上,约38%的总补偿代表工资,62%的补偿是其他报酬。值得注意的是,与整个行业相比,SJW集团将更少的报酬分配给工资。如果非工资报酬占主导地位,这表明高管薪资与公司绩效挂钩。
![ceo-compensation](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240614/0-dc020a6f7296f9d43ba10766959f751f-0-d253243fca6f8ae78fbd4d60016bd531.png/big)
SJW Group's Growth
SJW集团的增长
SJW Group has seen its earnings per share (EPS) increase by 7.0% a year over the past three years. Its revenue is up 7.7% over the last year.
在过去的三年中,SJW集团的每股收益(EPS)年增长率为7.0%。其营业收入在去年上涨了7.7%。
We would argue that the improvement in revenue is good, but isn't particularly impressive, but we're happy with the modest EPS growth. Considering these factors we'd say performance has been pretty decent, though not amazing. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.
我们认为收入的改善是好的,但并不特别令人印象深刻,但我们对于适度的EPS增长感到满意。考虑到这些因素,我们认为表现相当不错,虽然并不是令人惊艳的。放弃当前形式,检查这位分析师对未来期望的自由视觉描绘可能是很重要的。
Has SJW Group Been A Good Investment?
SJW集团是个好投资吗?
Since shareholders would have lost about 17% over three years, some SJW Group investors would surely be feeling negative emotions. So shareholders would probably want the company to be less generous with CEO compensation.
由于股东在过去三年中将损失约17%,一些SJW集团的投资者肯定会感到消极情绪。因此,股东可能希望公司在CEO薪酬上不那么慷慨。
To Conclude...
总之...
The fact that shareholders are sitting on a loss on the value of their shares in the past few years is certainly disconcerting. A huge lag in share price growth when earnings have grown may indicate there could be other issues that are affecting the company at the moment that the market is focused on. If there are some unknown variables that are influencing the stock's price, surely shareholders would have some concerns. At 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 will likely improve performance in the future.
股东持股的价值在过去几年中的下跌事实确实令人不安。在盈利增长时股价增长严重滞后,可能表明目前市场关注的是其他问题。如果有一些未知变量正在影响股价,股东肯定会有些担忧。即将到来的年度股东大会,股东将有机会讨论与董事会相关的任何问题,包括与CEO薪酬有关的问题,并评估董事会的计划是否有可能改善未来的业绩。
We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. That's why we did our research, and identified 3 warning signs for SJW Group (of which 1 doesn't sit too well with us!) that you should know about in order to have a holistic understanding of the stock.
通过研究公司的CEO薪酬趋势以及其他方面的情况,我们可以了解公司各方面的状况。这就是为什么我们进行了研究,并确定了SJW集团存在3个警告信号(其中1个不太合适),以便您全面了解股票。
Important note: SJW Group 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.
重要说明:sjw group 是一只激动人心的股票,但我们明白投资者可能正在寻找无负担的资产负债表和巨大的回报。您可能会在这份有高roe和低债务的有趣公司名单中找到更好的选择。
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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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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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