MYCELX Technologies Corporation's (LON:MYX) CEO Looks Like They Deserve Their Pay Packet

Key Insights

• MYCELX Technologies' Annual General Meeting to take place on 26th of September
• Total pay for CEO Connie Mixon includes US$350.0k salary
• The total compensation is similar to the average for the industry
• MYCELX Technologies' total shareholder return over the past three years was 41% while its EPS grew by 14% over the past three years

The performance at MYCELX Technologies Corporation (LON:MYX) has been quite strong recently and CEO Connie Mixon has played a role in it. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 26th of September. This would also be a chance for them to hear the board review the financial results, discuss future company strategy and vote on any resolutions such as executive remuneration. Here is our take on why we think CEO compensation is not extravagant.

View our latest analysis for MYCELX Technologies

Comparing MYCELX Technologies Corporation's CEO Compensation With The Industry

At the time of writing, our data shows that MYCELX Technologies Corporation has a market capitalization of UK£11m, and reported total annual CEO compensation of US$368k for the year to December 2022. That's mostly flat as compared to the prior year's compensation. Notably, the salary which is US$350.0k, represents most of the total compensation being paid.

In comparison with other companies in the British Commercial Services industry with market capitalizations under UK£161m, the reported median total CEO compensation was US$394k. From this we gather that Connie Mixon is paid around the median for CEOs in the industry. What's more, Connie Mixon holds UK£1.2m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Component	2022	2021	Proportion (2022)
Salary	US$350k	US$350k	95%
Other	US$18k	US$17k	5%
Total Compensation	US$368k	US$367k	100%

On an industry level, around 63% of total compensation represents salary and 37% is other remuneration. MYCELX Technologies is focused on going down a more traditional approach and is paying a higher portion of compensation through salary, as compared to non-salary benefits. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

A Look at MYCELX Technologies Corporation's Growth Numbers

Over the past three years, MYCELX Technologies Corporation has seen its earnings per share (EPS) grow by 14% per year. Its revenue is up 18% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. 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 MYCELX Technologies Corporation Been A Good Investment?

Boasting a total shareholder return of 41% over three years, MYCELX Technologies Corporation has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude...

MYCELX Technologies pays its CEO a majority of compensation through a salary. Given the improved performance, shareholders may be more forgiving of CEO compensation in the upcoming AGM. However, despite the strong growth in earnings and share price growth, the focus for shareholders would be how the company plans to steer the company towards sustainable profitability in the near future.

We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. We did our research and identified 3 warning signs (and 2 which are a bit unpleasant) in MYCELX Technologies we think you should know about.

Switching gears from MYCELX Technologies, 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.