Bega Cheese Management

Management criteria checks 4/4

Bega Cheese's CEO is Pete Findlay, appointed in Jan 2022, has a tenure of 2.83 years. total yearly compensation is A$1.54M, comprised of 62.7% salary and 37.3% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth A$122.12K. The average tenure of the management team and the board of directors is 3.8 years and 7.2 years respectively.

Key information

Pete Findlay

Chief executive officer

AU$1.5m

Total compensation

CEO salary percentage	62.7%
CEO tenure	2.8yrs
CEO ownership	0.008%
Management average tenure	3.8yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

Revenues Not Telling The Story For Bega Cheese Limited (ASX:BGA) After Shares Rise 26%

Sep 27

Is Bega Cheese Limited (ASX:BGA) Trading At A 43% Discount?

Jun 03

Bega Cheese Limited (ASX:BGA) Shares Could Be 27% Below Their Intrinsic Value Estimate

Jan 22

Is Bega Cheese (ASX:BGA) Using Too Much Debt?

Oct 13

Bega Cheese Limited's (ASX:BGA) Intrinsic Value Is Potentially 30% Above Its Share Price

Mar 15

Analysts Are Betting On Bega Cheese Limited (ASX:BGA) With A Big Upgrade This Week

Feb 25

Why Bega Cheese's (ASX:BGA) CEO Pay Matters

Feb 15

Does Bega Cheese Limited's (ASX:BGA) Weak Fundamentals Mean That The Market Could Correct Its Share Price?

Feb 03

An Intrinsic Calculation For Bega Cheese Limited (ASX:BGA) Suggests It's 24% Undervalued

Jan 22

We Wouldn't Rely On Bega Cheese's (ASX:BGA) Statutory Earnings As A Guide

Jan 10

Three Things You Should Check Before Buying Bega Cheese Limited (ASX:BGA) For Its Dividend

Dec 29

Here's Why Bega Cheese (ASX:BGA) Has A Meaningful Debt Burden

Dec 17

Should Bega Cheese (ASX:BGA) Be Disappointed With Their 48% Profit?

Dec 06

What Kind Of Shareholders Hold The Majority In Bega Cheese Limited's (ASX:BGA) Shares?

Nov 25

Bega Cheese Limited (ASX:BGA) Will Pay A AU$0.05 Dividend In Four Days

Sep 02

CEO Compensation Analysis

How has Pete Findlay's remuneration changed compared to Bega Cheese's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$2m	AU$963k	AU$31m
Mar 31 2024	n/a	n/a	-AU$90m
Dec 24 2023	n/a	n/a	-AU$211m
Sep 24 2023	n/a	n/a	-AU$220m
Jun 30 2023	AU$930k	AU$837k	-AU$230m
Mar 31 2023	n/a	n/a	-AU$113m
Dec 25 2022	n/a	n/a	AU$4m
Sep 25 2022	n/a	n/a	AU$14m
Jun 30 2022	AU$900k	AU$648k	AU$24m
Mar 31 2022	n/a	n/a	AU$54m
Dec 26 2021	n/a	n/a	AU$84m
Sep 26 2021	n/a	n/a	AU$81m
Jun 30 2021	AU$1m	AU$613k	AU$78m
Mar 31 2021	n/a	n/a	AU$56m
Dec 27 2020	n/a	n/a	AU$34m
Sep 27 2020	n/a	n/a	AU$28m
Jun 30 2020	AU$752k	AU$371k	AU$21m

Compensation vs Market: Pete's total compensation ($USD998.29K) is about average for companies of similar size in the Australian market ($USD1.10M).

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

CEO

Pete Findlay

2.8yrs

Tenure

AU$1,535,370

Compensation

Mr. Pete Findlay had been Chief Financial Officer of Bega Cheese Limited since November 11, 2019 until October 03, 2022 and joined in November 2019 and serves as its Chief Operating Officer since June 2022...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Barry Irvin	Executive Chairman	35.2yrs	AU$1.06m	no data
Pete Findlay	COO & CEO	2.8yrs	AU$1.54m	0.0076% A$ 122.1k
Gunther Burghardt	Chief Financial Officer	2.1yrs	AU$1.03m	0.0078% A$ 125.3k
Jacqueline Scarlett	Group General Counsel	4.8yrs	no data	no data
David McKinnon	Executive General Manager of People & Capability	no data	no data	no data
Brett Kelly	Company Secretary	22.8yrs	no data	no data

3.8yrs

Average Tenure

Experienced Management: BGA's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Barry Irvin	Executive Chairman	35.2yrs	AU$1.06m	no data
Peter Margin	Independent Deputy Chairman	4.2yrs	AU$189.29k	0.012% A$ 190.8k
Raelene Murphy	Independent Non-Executive Director	9.4yrs	AU$161.83k	0.0073% A$ 118.4k
Richard Cross	Non-Executive Director	12.9yrs	AU$139.81k	0.039% A$ 621.9k
Patria Mann	Independent Non Executive Director	5.2yrs	AU$131.46k	0.017% A$ 267.5k
Terrence O'Brien	Independent Non-Executive Director	7.2yrs	AU$149.23k	0.013% A$ 215.4k
George Kilpatrick	Non-Executive Director	3.6yrs	AU$141.29k	0.010% A$ 165.7k

7.2yrs

Average Tenure

64yo

Average Age

Experienced Board: BGA's board of directors are considered experienced (7.2 years average tenure).

Bega Cheese Management

Management criteria checks 4/4

Key information

Recent management updates

Bega Cheese Limited, Annual General Meeting, Oct 30, 2024

Non-Executive Director recently sold AU$179k worth of stock

Non-Executive Director recently sold AU$209k worth of stock

Insufficient new directors

Bega Cheese Limited, Annual General Meeting, Oct 24, 2023

Bega Group Announces CEO Changes

Recent updates

Revenues Not Telling The Story For Bega Cheese Limited (ASX:BGA) After Shares Rise 26%

Bega Cheese Limited, Annual General Meeting, Oct 30, 2024

Non-Executive Director recently sold AU$179k worth of stock

Investor sentiment improves as stock rises 20%

Final dividend of AU$0.04 announced

New minor risk - Earnings quality

Price target increased by 10% to AU$4.54

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued

Is Bega Cheese Limited (ASX:BGA) Trading At A 43% Discount?

Non-Executive Director recently sold AU$209k worth of stock

First half dividend of AU$0.04 announced

First half 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.4% to AU$3.67

Bega Cheese Limited (ASX:BGA) Shares Could Be 27% Below Their Intrinsic Value Estimate

Bega Cheese Limited (ASX:BGA) completed the acquisition of Businesses and certain assets of Betta Milk and Meander Valley Dairy from TasFoods Limited (ASX:TFL) and The Van Diemen's Land Company.

Is Bega Cheese (ASX:BGA) Using Too Much Debt?

Insufficient new directors

Bega Cheese Limited, Annual General Meeting, Oct 24, 2023

Bega Cheese Limited (ASX:BGA) entered into an agreement to acquire Businesses and certain assets of Betta Milk and Meander Valley Dairy from TasFoods Limited (ASX:TFL) for AUD 11 million.

Bega Cheese Limited Declares Final Fully Franked Dividend, Payable on 21 September 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall from profit to AU$0.63 loss

Charter Hall Group (ASX:CHC) agreed to acquire 1 Vegemite Way, Port Melbourne site of Bega Group from Bega Cheese Limited (ASX:BGA) for approximately AUD 120 million.

Charter Hall Group (ASX:CHC) agreed to acquire 1 Vegemite Way, Port Melbourne site of Bega Group from Bega Cheese Limited (ASX:BGA) for approximately AUD 120 million.

Price target decreased by 7.3% to AU$3.44

Now 20% undervalued

Now 21% undervalued

Bega Cheese Limited's (ASX:BGA) Intrinsic Value Is Potentially 30% Above Its Share Price

Now 23% undervalued after recent price drop

Consensus EPS estimates fall by 39%, revenue upgraded

First half 2023 earnings released: EPS: AU$0.024 (vs AU$0.093 in 1H 2022)

Bega Group Announces CEO Changes

Bega Cheese Limited Announces CEO Changes

Bega Cheese Limited Names Gunther Burghardt as Chief Financial Officer

Bega Cheese Limited, Annual General Meeting, Oct 26, 2022

Bega Cheese Limited Declares Fully Franked Ordinary Distribution for the Six Months Ended June 30, 2022, Payable on September 23, 2022

Does Bega Cheese (ASX:BGA) Have A Healthy Balance Sheet?

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insider recently bought AU$15m worth of stock

Price target decreased to AU$4.91

Bega Cheese Appoints Pete Findlay as Chief Operating Officer

Now 22% undervalued after recent price drop

Insider recently bought AU$15m worth of stock

Consensus forecasts updated

Insider recently bought AU$35m worth of stock

Consensus EPS estimates fall by 18%

Bega Cheese's (ASX:BGA) Upcoming Dividend Will Be Larger Than Last Year's

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Bega Cheese Limited Announces Fully Franked Dividend for Six Months Ended December 26, 2021, Payable on March 24, 2022

Is Bega Cheese (ASX:BGA) Using Too Much Debt?

Now 21% undervalued after recent price drop

With EPS Growth And More, Bega Cheese (ASX:BGA) Is Interesting

Consensus forecasts updated

Now 20% undervalued after recent price drop

Insider recently bought AU$108m worth of stock

Estimating The Fair Value Of Bega Cheese Limited (ASX:BGA)

Non-Executive Director recently bought AU$55k worth of stock

Full year 2021 earnings released: EPS AU$0.27 (vs AU$0.099 in FY 2020)

Consensus forecasts updated

Is Bega Cheese (ASX:BGA) A Risky Investment?

Is Bega Cheese Limited (ASX:BGA) Trading At A 27% Discount?

Is Bega Cheese Limited (ASX:BGA) A Smart Pick For Income Investors?

Do Institutions Own Bega Cheese Limited (ASX:BGA) Shares?

Analysts update estimates

Price target raised to AU$6.32

Analysts lower EPS estimates to AU$0.013

Analysts Are Betting On Bega Cheese Limited (ASX:BGA) With A Big Upgrade This Week

First half 2021 earnings released: EPS AU$0.096 (vs AU$0.04 in 1H 2020)