We Think Shareholders May Want To Consider A Review Of Hing Ming Holdings Limited's (HKG:8425) CEO Compensation Package
We Think Shareholders May Want To Consider A Review Of Hing Ming Holdings Limited's (HKG:8425) CEO Compensation Package
Key Insights
主要見解
- Hing Ming Holdings to hold its Annual General Meeting on 26th of August
- CEO Hing Keung Tang's total compensation includes salary of HK$7.00m
- Total compensation is 444% above industry average
- Over the past three years, Hing Ming Holdings' EPS fell by 59% and over the past three years, the total loss to shareholders 92%
- Hing Ming控股將於8月26日舉行其年度股東大會
- CEO鄧慶強的總薪酬包括700萬元的薪資
- 總薪酬比行業平均水平高出444%
- 在過去三年中,Hing Ming控股的每股收益下降了59%,股東遭受的損失達到92%
Shareholders will probably not be too impressed with the underwhelming results at Hing Ming Holdings Limited (HKG:8425) recently. At the upcoming AGM on 26th of August, shareholders can hear from the board including their plans for turning around performance. This will be also be a chance where they can challenge the board on company direction and vote on resolutions such as executive remuneration. We present the case why we think CEO compensation is out of sync with company performance.
近期恒明控股有限公司(HKG:8425)的業績表現不佳,股東可能對此並不滿意。在即將於8月26日舉行的股東大會上,股東可以聽取董事會的意見,包括他們改善業績的計劃。這也是股東挑戰董事會公司方向並對決議進行投票的機會,比如執行薪酬等。我們提出了一個關於爲何認爲CEO薪酬與公司業績不一致的案例。
How Does Total Compensation For Hing Keung Tang Compare With Other Companies In The Industry?
Hing Keung Tang的總薪酬與行業其他公司相比如何?
According to our data, Hing Ming Holdings Limited has a market capitalization of HK$15m, and paid its CEO total annual compensation worth HK$12m over the year to March 2024. Notably, that's an increase of 54% over the year before. In particular, the salary of HK$7.00m, makes up a fairly large portion of the total compensation being paid to the CEO.
根據我們的數據,恒明控股有限公司的市值爲1500萬港幣,在2024年3月的一年內,CEO的總年薪爲1200萬港幣。值得注意的是,這較去年增長了54%。其中,薪水爲700萬港幣,佔CEO的總薪酬的相當大一部分。
On comparing similar-sized companies in the Hong Kong Trade Distributors industry with market capitalizations below HK$1.6b, we found that the median total CEO compensation was HK$2.2m. Hence, we can conclude that Hing Keung Tang is remunerated higher than the industry median.
在與香港貿易分銷行業市值低於16億港幣的類似規模的公司進行比較後,我們發現中位數總CEO薪酬爲220萬港幣。因此,我們可以得出結論,Hing Keung Tang的薪酬高於行業中位數。
Component | 2024 | 2023 | Proportion (2024) |
Salary | HK$7.0m | HK$3.8m | 58% |
Other | HK$5.0m | HK$4.0m | 42% |
Total Compensation | HK$12m | HK$7.8m | 100% |
組成部分 | 2024 | 2023 | 比例(2024年) |
薪資 | 7.0百萬港元 | HK$3.8百萬 | 58% |
其他 | 500萬港元 | 400萬港元 | 42% |
總補償 | 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. | Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. | 100% |
On an industry level, around 94% of total compensation represents salary and 6% is other remuneration. It's interesting to note that Hing Ming Holdings allocates a smaller portion of compensation to salary in comparison to the broader industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
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A Look at Hing Ming Holdings Limited's Growth Numbers
Over the last three years, Hing Ming Holdings Limited has shrunk its earnings per share by 59% per year. In the last year, its revenue is up 9.8%.
Overall this is not a very positive result for shareholders. The fairly low revenue growth fails to impress given that the EPS is down. It's hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration. 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.
Has Hing Ming Holdings Limited Been A Good Investment?
With a total shareholder return of -92% over three years, Hing Ming Holdings Limited shareholders would by and large be disappointed. This suggests it would be unwise for the company to pay the CEO too generously.
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, 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。
It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. We identified 4 warning signs for Hing Ming Holdings (3 can't be ignored!) that you should be aware of before investing here.
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。
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。