Shareholders May Be More Conservative With Grand Banks Yachts Limited's (SGX:G50) CEO Compensation For Now

Key Insights

• Grand Banks Yachts will host its Annual General Meeting on 24th of October
• CEO Mark Jonathon Richards' total compensation includes salary of S$1.23m
• The total compensation is 452% higher than the average for the industry
• Grand Banks Yachts' EPS grew by 65% over the past three years while total shareholder return over the past three years was 142%

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Performance at Grand Banks Yachts Limited (SGX:G50) has been reasonably good and CEO Mark Jonathon Richards has done a decent job of steering the company in the right direction. As shareholders go into the upcoming AGM on 24th of October, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. However, some shareholders will still be cautious of paying the CEO excessively.

View our latest analysis for Grand Banks Yachts

How Does Total Compensation For Mark Jonathon Richards Compare With Other Companies In The Industry?

According to our data, Grand Banks Yachts Limited has a market capitalization of S$124m, and paid its CEO total annual compensation worth S$2.2m over the year to June 2025. We note that's an increase of 20% above last year. In particular, the salary of S$1.23m, makes up a fairly large portion of the total compensation being paid to the CEO.

In comparison with other companies in the Singaporean Machinery industry with market capitalizations under S$259m, the reported median total CEO compensation was S$393k. Accordingly, our analysis reveals that Grand Banks Yachts Limited pays Mark Jonathon Richards north of the industry median. Moreover, Mark Jonathon Richards also holds S$8.2m worth of Grand Banks Yachts stock directly under their own name, which reveals to us that they have a significant personal stake in the company.

On an industry level, around 73% of total compensation represents salary and 27% is other remuneration. It's interesting to note that Grand Banks Yachts allocates a smaller portion of compensation to salary in comparison to the broader industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

A Look at Grand Banks Yachts Limited's Growth Numbers

Over the past three years, Grand Banks Yachts Limited has seen its earnings per share (EPS) grow by 65% per year. In the last year, its revenue is up 21%.

This demonstrates that the company has been improving recently and is good news for the shareholders. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Grand Banks Yachts Limited Been A Good Investment?

Boasting a total shareholder return of 142% over three years, Grand Banks Yachts Limited has done well by shareholders. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

To Conclude...

The company's decent performance might have made most shareholders happy, possibly making CEO remuneration the least of the concerns to be discussed in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.

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 Grand Banks Yachts that investors should look into moving forward.

Important note: Grand Banks Yachts is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.

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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.