Propel Funeral Partners Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Albin Kurti

Chief executive officer

AU$1.7m

Total compensation

CEO salary percentage	39.3%
CEO tenure	no data
CEO ownership	2.0%
Management average tenure	no data
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Albin Kurti's remuneration changed compared to Propel Funeral Partners's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$17m
Sep 30 2023	n/a	n/a	AU$18m
Jun 30 2023	AU$2m	AU$655k	AU$19m
Mar 31 2023	n/a	n/a	AU$19m
Dec 31 2022	n/a	n/a	AU$19m
Sep 30 2022	n/a	n/a	AU$9m
Jun 30 2022	AU$2m	AU$621k	-AU$318k

Compensation vs Market: Albin's total compensation ($USD1.09M) is above average for companies of similar size in the Australian market ($USD764.35K).

Compensation vs Earnings: Albin's compensation has been consistent with company performance over the past year.

CEO

Albin Kurti

no data

Tenure

AU$1,667,864

Compensation

Mr. Albin Kurti serves as Group Chief Executive Officer at Propel Funeral Partners Limited. He Co-Founded Deutsche Bank AG, Investment Arm and served as its Managing Director. He is Managing Director and D...

Board Members

Name	Position	Tenure	Compensation	Ownership
Albin Kurti	Group CEO	no data	AU$1.67m	2.03% A$ 14.8m
Fraser Henderson	Head of Mergers & Acquisitions	7.3yrs	AU$1.03m	0.99% A$ 7.2m
Peter Dowding	Independent Non-Executive Director	2yrs	AU$61.80k	0.15% A$ 1.1m
Brian Scullin	Independent Non-Executive Chairman	6.7yrs	AU$103.00k	0.30% A$ 2.2m
Naomi Edwards	Independent Non-Executive Director	6.7yrs	AU$72.10k	0.028% A$ 204.1k
Jennifer Lang	Independent Non-Executive Director	2yrs	AU$72.10k	0.015% A$ 110.1k

6.7yrs

Average Tenure

Experienced Board: PFP's board of directors are considered experienced (6.7 years average tenure).

Propel Funeral Partners Management

Management criteria checks 2/4

Key information

Recent management updates

Propel Funeral Partners Limited, Annual General Meeting, Nov 23, 2023

Propel Funeral Partners Limited, Annual General Meeting, Nov 25, 2022

Propel Funeral Partners Limited Appoints Jennifer Heath Lang as Director

Insufficient new directors

Group CEO recently sold AU$3.5m worth of stock

Propel Funeral Partners Limited Announces Board Changes

Recent updates

Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of Business, related assets, infrastructure and real estate from Southern Funeral Home.

Now 22% overvalued after recent price rise

Upcoming dividend of AU$0.072 per share

First half dividend increased to AU$0.072

First half 2024 earnings released: EPS: AU$0.07 (vs AU$0.087 in 1H 2023)

Now 21% overvalued after recent price rise

New minor risk - Shareholder dilution

Propel Funeral Partners Limited has filed a Follow-on Equity Offering in the amount of AUD 80.000002 million.

Propel Funeral Partners Limited to Report First Half, 2024 Results on Feb 21, 2024

Propel Funeral Partners Limited, Annual General Meeting, Nov 23, 2023

Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of Funeral service businesses and related assets of Harbour City Funeral Home and Terry Longley & Son.

Propel Funeral Partners Limited Declares Fully Franked Final Dividend for the Six Months Ended 30 June 2023, Payable on 3 October 2023

Full year 2023 earnings released: EPS: AU$0.16 (vs AU$0.003 loss in FY 2022)

Propel Funeral Partners Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

Propel Funeral Partners Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

Propel Funeral Partners Limited (ASX:PFP) agreed to acquire Funeral service businesses and related assets of Harbour City Funeral Home and Terry Longley & Son for AUD 38 million.

Propel Funeral Partners Limited (ASX:PFP) agreed to acquire Olsens Funerals and J Fraser & Sons for AUD 41.2 million.

First half 2023 earnings released: EPS: AU$0.087 (vs AU$0.086 loss in 1H 2022)

Propel Funeral Partners Limited (ASX:PFP) acquired Seddon Park Funeral Home.

Propel Funeral Partners Limited (ASX:PFP) acquired Pets @ Rest Limited.

Propel Funeral Partners Limited to Report First Half, 2023 Results on Feb 22, 2023

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Propel Funeral Partners Limited (ASX:PFP) acquired the business, assets and freehold property from Mason Park Funerals.

Propel Funeral Partners Limited, Annual General Meeting, Nov 25, 2022

Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.14 profit in FY 2021)

Propel Funeral Partners Limited Declares Dividend for 2021, Payable on 4 October 2022

Propel Funeral Partners Limited (ASX:PFP) executed a conditional sale agreement to acquire the business, assets and freehold property from Mason Park Funerals for AUD 5.5 million.

Propel Funeral Partners Limited (ASX:PFP) entered into a conditional sale agreement to acquire Businesses, Assets And Related Infrastructure of Community Funerals And Cremation For Pets for AUD 2.7 million.

Propel Funeral Partners Limited (ASX:PFP) entered into a conditional sale agreement to acquire Businesses, Assets And Related infrastructure for AUD 2.7 million.

Propel Funeral Partners Limited to Report Fiscal Year 2022 Results on Aug 24, 2022

Propel Funeral Partners Limited Appoints Jennifer Heath Lang as Director

Now 20% undervalued

Insufficient new directors

Group CEO recently sold AU$3.5m worth of stock

Propel Funeral Partners Limited Announces Board Changes

Now 21% undervalued

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Propel Funeral Partners Limited Declares a Fully Franked Ordinary Dividend for the Six Month Period Ended 31 December 2021, Payable on April 7, 2022

Propel Funeral Partners Limited (ASX:PFP) executed binding sale agreement to acquire McKee Funerals.

Propel Funeral Partners Limited (ASX:PFP) executed binding sale agreement to acquire State of Grace.

Full year 2021 earnings released

First half 2021 earnings released: EPS AU$0.082 (vs AU$0.034 in 1H 2020)

Revenue beats expectations

New 90-day high: AU$3.09

Propel Funeral Partners Limited to Report First Half, 2021 Results on Feb 25, 2021

New 90-day high: AU$3.06

New 90-day high: AU$3.04

Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of business, assets and certain freehold properties of Dils Funeral Services.

New 90-day high: AU$2.92

Head of Mergers & Acquisitions recently bought AU$83k worth of stock

Propel Funeral Partners Limited (ASX:PFP) completed the acquisition of Codfern Pty Ltd and Certain free hold properties on Sunshine Coast.

Earnings released

Propel Funeral Partners Limited (ASX:PFP) executed a conditional sale agreement to acquire the business, assets and freehold property of Mid West Funerals for AUD 1.1 million.

Propel Funeral Partners Limited to Report Fiscal Year 2020 Results on Aug 25, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure