Stock Analysis

Here's What We Learned About The CEO Pay At Haulotte Group SA (EPA:PIG)

ENXTPA:PIG
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Alexandre Saubot is the CEO of Haulotte Group SA (EPA:PIG), and in this article, we analyze the executive's compensation package with respect to the overall performance of the company. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Haulotte Group.

View our latest analysis for Haulotte Group

Comparing Haulotte Group SA's CEO Compensation With the industry

According to our data, Haulotte Group SA has a market capitalization of €151m, and paid its CEO total annual compensation worth €436k over the year to December 2019. That's mostly flat as compared to the prior year's compensation. We note that the salary portion, which stands at €341.1k constitutes the majority of total compensation received by the CEO.

On comparing similar companies from the same industry with market caps ranging from €84m to €337m, we found that the median CEO total compensation was €479k. From this we gather that Alexandre Saubot is paid around the median for CEOs in the industry.

Component20192018Proportion (2019)
Salary €341k €333k 78%
Other €95k €95k 22%
Total Compensation€436k €428k100%

Talking in terms of the industry, salary represented approximately 68% of total compensation out of all the companies we analyzed, while other remuneration made up 32% of the pie. Haulotte Group pays out 78% of remuneration in the form of a salary, significantly higher than the industry average. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

ceo-compensation
ENXTPA:PIG CEO Compensation November 25th 2020

A Look at Haulotte Group SA's Growth Numbers

Over the last three years, Haulotte Group SA has shrunk its earnings per share by 27% per year. It saw its revenue drop 20% over the last year.

Overall this is not a very positive result for shareholders. And the fact that revenue is down year on year arguably paints an ugly picture. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Haulotte Group SA Been A Good Investment?

With a three year total loss of 62% for the shareholders, Haulotte Group SA would certainly have some dissatisfied shareholders. So shareholders would probably want the company to be lessto generous with CEO compensation.

In Summary...

As we noted earlier, Haulotte Group pays its CEO in line with similar-sized companies belonging to the same industry. In the meantime, the company has reported declining EPS growth and shareholder returns over the last three years. We'd stop short of saying compensation is inappropriate, but we would understand if shareholders had questions regarding a future raise.

While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. We did our research and spotted 2 warning signs for Haulotte Group that investors should look into moving forward.

Switching gears from Haulotte Group, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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