In 2015 Andrea Panzani was appointed CEO of Valsoia SpA (BIT:VLS). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. After that, we will consider the growth in the business. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. This process should give us an idea about how appropriately the CEO is paid.
Check out our latest analysis for Valsoia
How Does Andrea Panzani's Compensation Compare With Similar Sized Companies?
Our data indicates that Valsoia SpA is worth €140m, and total annual CEO compensation is €367k. Notably, that's an increase of 29% over the year before. We examined companies with market caps from €86m to €345m, and discovered that the median CEO compensation of that group was €417k.
So Andrea Panzani receives a similar amount to the median CEO pay, amongst the companies we looked at. While this data point isn't particularly informative alone, it gains more meaning when considered with business performance.
You can see a visual representation of the CEO compensation at Valsoia, below.

Is Valsoia SpA Growing?
Valsoia SpA has reduced its earnings per share by an average of 22% a year, over the last three years. Its revenue is up 11% over last year.
Few shareholders would be pleased to read that earnings per share are lower over three years. While the revenue growth is good to see, it is outweighed by the fact that earnings per share are down, over three years. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO.
Shareholders might be interested in this free visualization of analyst forecasts. .
Has Valsoia SpA Been A Good Investment?
Given the total loss of 28% over three years, many shareholders in Valsoia SpA are probably rather dissatisfied, to say the least. So shareholders would probably think the company shouldn't be too generous with CEO compensation.
In Summary...
Andrea Panzani is paid around what is normal the leaders of comparable size companies.
After looking at EPS and total shareholder returns, it's certainly hard to argue the company has performed well, since both metrics are down. So shareholders might not feel great about the fact that CEO pay increased on last year. Suffice it to say, we don't think the CEO is underpaid! Whatever your view on compensation, you might want to check if insiders are buying or selling Valsoia SpA shares (free trial).
Or you could feast your eyes on this interactive graph depicting past earnings, cash flow and revenue.
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 editorial-team@simplywallst.com.
Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article 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.
About BIT:VLS
Valsoia
Provides plant-based and healthy food products in Italy and internationally.
Solid track record with excellent balance sheet and pays a dividend.
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