It's Probably Less Likely That Canlan Ice Sports Corp.'s (TSE:ICE) CEO Will See A Huge Pay Rise This Year

Key Insights

• Canlan Ice Sports to hold its Annual General Meeting on 19th of June
• Total pay for CEO Joey St-Aubin includes CA$380.0k salary
• The total compensation is similar to the average for the industry
• Over the past three years, Canlan Ice Sports' EPS grew by 79% and over the past three years, the total loss to shareholders 1.9%

In the past three years, shareholders of Canlan Ice Sports Corp. (TSE:ICE) have seen a loss on their investment. What is concerning is that despite positive EPS growth, the share price has not tracked the trend in fundamentals. Shareholders may want to question the board on the future direction of the company at the upcoming AGM on 19th of June. Voting on resolutions such as executive remuneration and other matters could also be a way to influence management. We think shareholders might be reluctant to increase compensation for the CEO at the moment, according to our analysis below.

View our latest analysis for Canlan Ice Sports

Comparing Canlan Ice Sports Corp.'s CEO Compensation With The Industry

At the time of writing, our data shows that Canlan Ice Sports Corp. has a market capitalization of CA$51m, and reported total annual CEO compensation of CA$543k for the year to December 2023. That's a fairly small increase of 7.1% over the previous year. Notably, the salary which is CA$380.0k, represents most of the total compensation being paid.

On comparing similar-sized companies in the Canadian Hospitality industry with market capitalizations below CA$274m, we found that the median total CEO compensation was CA$554k. From this we gather that Joey St-Aubin is paid around the median for CEOs in the industry. Moreover, Joey St-Aubin also holds CA$93k worth of Canlan Ice Sports stock directly under their own name.

Component	2023	2022	Proportion (2023)
Salary	CA$380k	CA$364k	70%
Other	CA$163k	CA$143k	30%
Total Compensation	CA$543k	CA$507k	100%

On an industry level, roughly 71% of total compensation represents salary and 29% is other remuneration. There isn't a significant difference between Canlan Ice Sports and the broader market, in terms of salary allocation in the overall compensation package. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

Canlan Ice Sports Corp.'s Growth

Canlan Ice Sports Corp. has seen its earnings per share (EPS) increase by 79% a year over the past three years. It achieved revenue growth of 11% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Canlan Ice Sports Corp. Been A Good Investment?

Given the total shareholder loss of 1.9% over three years, many shareholders in Canlan Ice Sports Corp. are probably rather dissatisfied, to say the least. This suggests it would be unwise for the company to pay the CEO too generously.

To Conclude...

Despite the growth in its earnings, the share price decline in the past three years is certainly concerning. The stock's movement is disjointed with the company's earnings growth, which ideally should move in the same direction. Shareholders would be keen to know what's holding the stock back when earnings have grown. At the upcoming AGM, shareholders will get the opportunity to discuss any issues with the board, including those related to CEO remuneration and assess if the board's plan will likely improve performance in the future.

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 5 warning signs for Canlan Ice Sports (2 don't sit too well with us!) 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.