Absa Group Limited

DB:AU6 Stock Report

Market Cap: €8.1b

Absa Group Management

Management criteria checks 3/4

Absa Group's CEO is Charles Russon, appointed in Oct 2024, has a tenure of less than a year. total yearly compensation is ZAR31.64M, comprised of 19.4% salary and 80.6% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth €1.37M. The average tenure of the management team and the board of directors is 1.9 years and 3.9 years respectively.

Key information

Charles Russon

Chief executive officer

R31.6m

Total compensation

CEO salary percentage19.4%
CEO tenureless than a year
CEO ownership0.02%
Management average tenure1.9yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Charles Russon's remuneration changed compared to Absa Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

R19b

Mar 31 2024n/an/a

R19b

Dec 31 2023R32mR6m

R20b

Sep 30 2023n/an/a

R20b

Jun 30 2023n/an/a

R21b

Mar 31 2023n/an/a

R20b

Dec 31 2022R31mR6m

R20b

Sep 30 2022n/an/a

R20b

Jun 30 2022n/an/a

R20b

Mar 31 2022n/an/a

R19b

Dec 31 2021R29mR6m

R18b

Sep 30 2021n/an/a

R16b

Jun 30 2021n/an/a

R14b

Mar 31 2021n/an/a

R10b

Dec 31 2020R17mR6m

R6b

Sep 30 2020n/an/a

R6b

Jun 30 2020n/an/a

R7b

Mar 31 2020n/an/a

R11b

Dec 31 2019R24mR6m

R14b

Sep 30 2019n/an/a

R14b

Jun 30 2019n/an/a

R14b

Mar 31 2019n/an/a

R14b

Dec 31 2018R16mR875k

R14b

Compensation vs Market: Charles's total compensation ($USD1.69M) is below average for companies of similar size in the German market ($USD3.34M).

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

CEO

Charles Russon (58 yo)

less than a year

Tenure

R31,637,500

Compensation

Mr. Charles Russon is Interim Chief Executive Officer and Executive Director of Absa Group Limited and Absa Bank Limited since October 15, 2024. He served as Chief Executive of Corporate and Investment Ban...

Leadership Team

NamePositionTenureCompensationOwnership
Charles Russon
Interim CEO & Executive Directorless than a yearR31.64m0.017%
€ 1.4m
Arrie Rautenbach
Executive Officerless than a yearR40.03m0.032%
€ 2.6m
Faisal Mkhize
Chief Executive of Relationship Bankingno dataR18.27m0.0042%
€ 341.5k
Geoffrey Lee
Chief Executive of Product Solutions Cluster2.4yrsR20.53m0.0031%
€ 249.3k
Saviour Chibiya
Chief Executive of Absa Regional Operations2.4yrsR16.01mno data
Deon Raju
Group Financial Director & Executive Directorless than a yearno datano data
Yasmin Masithela
Interim Chief Executive of Corporate & Investment Bankless than a yearno datano data
Johnson Idesoh
Group Chief Information & Technology Officer1.9yrsno datano data
Alan Hartdegen
Head of Investor Relationsno datano datano data
Akash Singh
Group Chief Compliance Officer5.1yrsno datano data
Sydney Mbhele
Group Chief Brand1.9yrsno datano data
Jeanett Modise
Group Chief People Officer1.9yrsno datano data

1.9yrs

Average Tenure

51yo

Average Age

Experienced Management: AU6's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Charles Russon
Interim CEO & Executive Directorless than a yearR31.64m0.017%
€ 1.4m
Deon Raju
Group Financial Director & Executive Directorless than a yearno datano data
Prabashni Naidoo
Ex Officio Member & Group Chief Audit Executive3.7yrsno datano data
John Cummins
Independent Non-Executive Director3.1yrsR1.45mno data
Nkateko Mageza
Independent Non-Executive Director1.3yrsR733.88k0.0025%
€ 200.7k
Nonhlanhla Mjoli-Mncube
Lead Independent Director4.2yrsR1.74mno data
Matthews Moloko
Independent Non-Executive Group Chairman3yrsR6.95mno data
Rose Keanly
Independent Non-Executive Director5.3yrsR2.65mno data
Rene van Wyk
Independent Non-Executive Director4.3yrsR2.72mno data
Tasneem Abdool-Samad
Independent Non-Executive Director6.8yrsR3.34mno data
Ihron Rensburg
Independent Non-Executive Director5.2yrsR1.36mno data
Fulvio Tonelli
Independent Non-Executive Director4.4yrsR2.19mno data

3.9yrs

Average Tenure

63yo

Average Age

Experienced Board: AU6's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 02:47
End of Day Share Price 2024/12/27 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Absa Group Limited is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Johann ScholtzAfrifocus Securities (Pty) Ltd.
Harry BothaAnchor Stockbrokers Proprietary Limited
Jaap MeijerArqaam Capital Research Offshore S.A.L.