It Looks Like Shareholders Would Probably Approve More Provident Funds Ltd's (TLV:MPP) CEO Compensation Package

Key Insights

• More Provident Funds will host its Annual General Meeting on 14th of August
• CEO Eldad Zinman's total compensation includes salary of ₪1.03m
• The overall pay is comparable to the industry average
• Over the past three years, More Provident Funds' EPS grew by 157% and over the past three years, the total shareholder return was 106%

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We have been pretty impressed with the performance at More Provident Funds Ltd (TLV:MPP) recently and CEO Eldad Zinman deserves a mention for their role in it. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 14th of August. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. We think the CEO has done a pretty decent job and we discuss why the CEO compensation is appropriate.

View our latest analysis for More Provident Funds

Comparing More Provident Funds Ltd's CEO Compensation With The Industry

Our data indicates that More Provident Funds Ltd has a market capitalization of ₪1.6b, and total annual CEO compensation was reported as ₪2.5m for the year to December 2024. Notably, that's an increase of 73% over the year before. We think total compensation is more important but our data shows that the CEO salary is lower, at ₪1.0m.

For comparison, other companies in the Israel Capital Markets industry with market capitalizations ranging between ₪685m and ₪2.7b had a median total CEO compensation of ₪2.5m. This suggests that More Provident Funds remunerates its CEO largely in line with the industry average. Furthermore, Eldad Zinman directly owns ₪3.5m worth of shares in the company, implying that they are deeply invested in the company's success.

On an industry level, around 85% of total compensation represents salary and 15% is other remuneration. In More Provident Funds' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

More Provident Funds Ltd's Growth

More Provident Funds Ltd's earnings per share (EPS) grew 157% per year over the last three years. It achieved revenue growth of 17% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's a real positive to see this sort of revenue growth in a single year. That suggests a healthy and growing business. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has More Provident Funds Ltd Been A Good Investment?

Boasting a total shareholder return of 106% over three years, More Provident Funds Ltd 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...

The company's solid performance might have made most shareholders happy, possibly making CEO remuneration the least of the matters to be discussed in the AGM. In fact, strategic decisions that could impact the future of the business might be a far more interesting topic for investors as it would help them set their longer-term expectations.

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 2 warning signs for More Provident Funds (1 shouldn't be ignored!) that you should be aware of before investing here.

Switching gears from More Provident Funds, 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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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.