Close the Loop Ltd

ASX:CLG Stock Report

Market Cap: AU$122.3m

Close the Loop Management

Management criteria checks 1/4

Close the Loop's CEO is Joe Foster, appointed in Nov 2021, has a tenure of 3.17 years. total yearly compensation is A$756.74K, comprised of 52.9% salary and 47.1% bonuses, including company stock and options. directly owns 12.22% of the company’s shares, worth A$14.95M. The average tenure of the management team and the board of directors is 3.2 years and 2.2 years respectively.

Key information

Joe Foster

Chief executive officer

AU$756.7k

Total compensation

CEO salary percentage52.9%
CEO tenure3.2yrs
CEO ownership12.2%
Management average tenure3.2yrs
Board average tenure2.2yrs

Recent management updates

Recent updates

Close the Loop Ltd (ASX:CLG) Held Back By Insufficient Growth Even After Shares Climb 40%

Nov 19
Close the Loop Ltd (ASX:CLG) Held Back By Insufficient Growth Even After Shares Climb 40%

Benign Growth For Close the Loop Ltd (ASX:CLG) Underpins Stock's 28% Plummet

Aug 27
Benign Growth For Close the Loop Ltd (ASX:CLG) Underpins Stock's 28% Plummet

Here's Why Close the Loop (ASX:CLG) Can Manage Its Debt Responsibly

Apr 25
Here's Why Close the Loop (ASX:CLG) Can Manage Its Debt Responsibly

Close the Loop Ltd's (ASX:CLG) Share Price Is Matching Sentiment Around Its Earnings

Dec 29
Close the Loop Ltd's (ASX:CLG) Share Price Is Matching Sentiment Around Its Earnings

Close the Loop (ASX:CLG) Has Some Way To Go To Become A Multi-Bagger

May 03
Close the Loop (ASX:CLG) Has Some Way To Go To Become A Multi-Bagger

We Think Close the Loop's (ASX:CLG) Solid Earnings Are Understated

Mar 02
We Think Close the Loop's (ASX:CLG) Solid Earnings Are Understated

Is Close the Loop Ltd (ASX:CLG) Trading At A 45% Discount?

Jan 11
Is Close the Loop Ltd (ASX:CLG) Trading At A 45% Discount?

Close the Loop Ltd's (ASX:CLG) P/E Is On The Mark

Oct 04
Close the Loop Ltd's (ASX:CLG) P/E Is On The Mark

CEO Compensation Analysis

How has Joe Foster's remuneration changed compared to Close the Loop's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$757kAU$400k

AU$11m

Mar 31 2024n/an/a

AU$12m

Dec 31 2023n/an/a

AU$13m

Sep 30 2023n/an/a

AU$13m

Jun 30 2023AU$581kAU$308k

AU$12m

Mar 31 2023n/an/a

AU$10m

Dec 31 2022n/an/a

AU$8m

Sep 30 2022n/an/a

AU$6m

Jun 30 2022AU$296kAU$201k

AU$5m

Mar 31 2022n/an/a

AU$4m

Dec 31 2021n/an/a

AU$3m

Sep 30 2021n/an/a

AU$4m

Jun 30 2021AU$168kAU$80k

AU$4m

Compensation vs Market: Joe's total compensation ($USD469.38K) is above average for companies of similar size in the Australian market ($USD283.65K).

Compensation vs Earnings: Joe's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Joe Foster

3.2yrs

Tenure

AU$756,736

Compensation

Mr. Joseph Patrick Foster, also known as Joe, is Chief Executive Officer of Close the Loop Ltd since November 30, 2021. He served as Executive Director of Close the Loop Ltd from November 30, 2021 to Novem...

Leadership Team

NamePositionTenureCompensationOwnership
Joseph Foster
Chief Executive Officer3.2yrsAU$756.74k12.22%
A$ 15.0m
Marc Lichtenstein
CFO & Company Secretary7.4yrsAU$702.53k0.85%
A$ 1.0m
Lawrence Jaffe
Chief Commercial Officer & Executive Director3.2yrsAU$645.26k1.29%
A$ 1.6m
Michael Welton
Chief Executive Officer of North Americaless than a yearAU$321.11k0.21%
A$ 258.8k
Stephen Morriss
Founder24yrsno datano data

3.2yrs

Average Tenure

Experienced Management: CLG's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Lawrence Jaffe
Chief Commercial Officer & Executive Director3.2yrsAU$645.26k1.29%
A$ 1.6m
Grant Carman
Independent Non-Executive Director3.2yrsAU$40.00k0.24%
A$ 287.5k
Sammy Saloum
Director1.2yrsAU$23.33k8.48%
A$ 10.4m
John Chambers
Non-Executive Directorless than a yearno datano data

2.2yrs

Average Tenure

Experienced Board: CLG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 13:26
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Close the Loop Ltd is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Conor O’PreyCanaccord Genuity
James BisinellaShaw and Partners Limited
Larry GandlerShaw and Partners Limited