Yahoo Finance Clear Blue Technologies International Inc.'s (CVE:CBLU) CEO Compensation Looks Acceptable To Us And Here's Why
Key Insights
Clear Blue Technologies International will host its Annual General Meeting on 28th of June
CEO Miriam Tuerk's total compensation includes salary of CA$162.6k
The total compensation is 73% less than the average for the industry
Clear Blue Technologies International's three-year loss to shareholders was 81% while its EPS grew by 16% over the past three years
Shareholders may be wondering what CEO Miriam Tuerk plans to do to improve the less than great performance at Clear Blue Technologies International Inc. (CVE:CBLU) recently. One way they can exercise their influence on management is through voting on resolutions, such as executive remuneration at the next AGM, coming up on 28th of June. It has been shown that setting appropriate executive remuneration incentivises the management to act in the interests of shareholders. We have prepared some analysis below to show that CEO compensation looks to be reasonable.
See our latest analysis for Clear Blue Technologies International
Comparing Clear Blue Technologies International Inc.'s CEO Compensation With The Industry
According to our data, Clear Blue Technologies International Inc. has a market capitalization of CA$8.7m, and paid its CEO total annual compensation worth CA$163k over the year to December 2023. That's a notable increase of 23% on last year. It is worth noting that the CEO compensation consists entirely of the salary, worth CA$163k.
In comparison with other companies in the Canadian Renewable Energy industry with market capitalizations under CA$274m, the reported median total CEO compensation was CA$592k. Accordingly, Clear Blue Technologies International pays its CEO under the industry median. Moreover, Miriam Tuerk also holds CA$97k worth of Clear Blue Technologies International stock directly under their own name.
Component | 2023 | 2022 | Proportion (2023) |
Salary | CA$163k | CA$132k | 100% |
Other | - | - | - |
Total Compensation | CA$163k | CA$132k | 100% |
Speaking on an industry level, nearly 30% of total compensation represents salary, while the remainder of 70% is other remuneration. On a company level, Clear Blue Technologies International prefers to reward its CEO through a salary, opting not to pay Miriam Tuerk through non-salary benefits. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
Clear Blue Technologies International Inc.'s Growth
Clear Blue Technologies International Inc.'s earnings per share (EPS) grew 16% per year over the last three years. It achieved revenue growth of 255% over the last year.
This demonstrates that the company has been improving recently and is good news for the shareholders. The combination of strong revenue growth with medium-term EPS improvement certainly points to the kind of growth we like to see. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Has Clear Blue Technologies International Inc. Been A Good Investment?
Few Clear Blue Technologies International Inc. shareholders would feel satisfied with the return of -81% over three years. So shareholders would probably want the company to be less generous with CEO compensation.
To Conclude...
Clear Blue Technologies International pays CEO compensation exclusively through a salary, with non-salary compensation completely ignored. The loss to shareholders over the past three years is certainly concerning. The share price trend has diverged with the robust growth in EPS however, suggesting there may be other factors that could be driving the price performance. There needs to be more focus by management and the board to examine why the share price has diverged from fundamentals. In the upcoming AGM, shareholders should take this opportunity to raise these concerns with the board and revisit their investment thesis with regards to the company.
CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. We identified 6 warning signs for Clear Blue Technologies International (4 are potentially serious!) that you should be aware of before investing here.
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.
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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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
