In 2008 Charles Brindamour was appointed CEO of Intact Financial Corporation (TSE:IFC). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. 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 Charles Brindamour’s Compensation Compare With Similar Sized Companies?
According to our data, Intact Financial Corporation has a market capitalization of CA$15b, and pays its CEO total annual compensation worth CA$7.8m. Notably, that’s an increase of 14% over the year before. We took a group of companies with market capitalizations over CA$11b, and calculated the median CEO compensation to be CA$9.3m.
So Charles Brindamour receives a similar amount to the median CEO pay, amongst the companies we looked at. Although this fact alone doesn’t tell us a great deal, it becomes more relevant when considered against the business performance.
You can see, below, how CEO compensation at Intact Financial has changed over time.
Is Intact Financial Corporation Growing?
On average over the last three years, Intact Financial Corporation has grown earnings per share (EPS) by 1.5% each year. It achieved revenue growth of 19% over the last year.
I would argue that the modest growth in revenue is a notable positive. And, while modest, the earnings per share growth is noticeable. So while we’d stop just short of calling this a top performer, but we think it is well worth watching.
It could be important to check this free visual depiction of what analysts expect for the future.
Has Intact Financial Corporation Been A Good Investment?
Intact Financial Corporation has served shareholders reasonably well, with a total return of 31% over three years. But they would probably prefer not to see CEO compensation far in excess of the median.
Remuneration for Charles Brindamour is close enough to the median pay for a CEO of a large company .
The company isn’t showing particularly great growth, and shareholder turns haven’t been particularly inspiring in the last few years. But we don’t think the CEO compensation is a problem. Shareholders may want to check for free if Intact Financial Corporation insiders are buying or selling shares.
Or you might prefer this data-rich interactive visualization of historic revenue and earnings.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at email@example.com.