Anders Tomson has been the CEO of Chemung Financial Corporation (NASDAQ:CHMG) since 2016. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we’ll look at a snap shot of the business growth. Third, we’ll reflect on the total return to shareholders over three years, as a second measure of business performance. This process should give us an idea about how appropriately the CEO is paid.
How Does Anders Tomson’s Compensation Compare With Similar Sized Companies?
According to our data, Chemung Financial Corporation has a market capitalization of US$204m, and paid its CEO total annual compensation worth US$802k over the year to December 2018. While this analysis focuses on total compensation, it’s worth noting the salary is lower, valued at US$417k. We looked at a group of companies with market capitalizations from US$100m to US$400m, and the median CEO total compensation was US$1.1m.
That means Anders Tomson receives fairly typical remuneration for the CEO of a company that size. This doesn’t tell us a whole lot on its own, but looking at the performance of the actual business will give us useful context.
You can see a visual representation of the CEO compensation at Chemung Financial, below.
Is Chemung Financial Corporation Growing?
Over the last three years Chemung Financial Corporation has grown its earnings per share (EPS) by an average of 28% per year (using a line of best fit). In the last year, its revenue is up 2.1%.
This demonstrates that the company has been improving recently. A good result. It’s good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Shareholders might be interested in this free visualization of analyst forecasts.
Has Chemung Financial Corporation Been A Good Investment?
Chemung Financial Corporation has served shareholders reasonably well, with a total return of 24% over three years. But they would probably prefer not to see CEO compensation far in excess of the median.
Remuneration for Anders Tomson is close enough to the median pay for a CEO of a similar sized company .
The company is growing EPS but shareholder returns have been sound but not amazing. So considering these factors, we think the CEO pay is probably quite reasonable. So you may want to check if insiders are buying Chemung Financial shares with their own money (free access).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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