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Shareholders May Be More Conservative With Wilson Bayly Holmes-Ovcon Limited's (JSE:WBO) CEO Compensation For Now
Key Insights
- Wilson Bayly Holmes-Ovcon will host its Annual General Meeting on 27th of November
- Salary of R3.46m is part of CEO Wolfgang Neff's total remuneration
- The overall pay is 402% above the industry average
- Wilson Bayly Holmes-Ovcon's EPS grew by 14% over the past three years while total shareholder return over the past three years was 62%
CEO Wolfgang Neff has done a decent job of delivering relatively good performance at Wilson Bayly Holmes-Ovcon Limited (JSE:WBO) recently. As shareholders go into the upcoming AGM on 27th of November, 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.
See our latest analysis for Wilson Bayly Holmes-Ovcon
Comparing Wilson Bayly Holmes-Ovcon Limited's CEO Compensation With The Industry
At the time of writing, our data shows that Wilson Bayly Holmes-Ovcon Limited has a market capitalization of R7.8b, and reported total annual CEO compensation of R23m for the year to June 2025. That's a notable increase of 14% on last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at R3.5m.
On comparing similar companies from the South Africa Construction industry with market caps ranging from R3.4b to R14b, we found that the median CEO total compensation was R4.5m. Hence, we can conclude that Wolfgang Neff is remunerated higher than the industry median. What's more, Wolfgang Neff holds R6.4m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | R3.5m | R3.1m | 15% |
| Other | R19m | R17m | 85% |
| Total Compensation | R23m | R20m | 100% |
On an industry level, around 73% of total compensation represents salary and 27% is other remuneration. In Wilson Bayly Holmes-Ovcon's 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.
Wilson Bayly Holmes-Ovcon Limited's Growth
Over the past three years, Wilson Bayly Holmes-Ovcon Limited has seen its earnings per share (EPS) grow by 14% per year. In the last year, its revenue is up 3.5%.
This demonstrates that the company has been improving recently and is good news for the shareholders. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. 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 Wilson Bayly Holmes-Ovcon Limited Been A Good Investment?
We think that the total shareholder return of 62%, over three years, would leave most Wilson Bayly Holmes-Ovcon Limited shareholders smiling. 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.
In Summary...
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. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are already being paid higher than the industry.
CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. We did our research and spotted 1 warning sign for Wilson Bayly Holmes-Ovcon that investors should look into moving forward.
Switching gears from Wilson Bayly Holmes-Ovcon, 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.
Valuation is complex, but we're here to simplify it.
Discover if Wilson Bayly Holmes-Ovcon might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About JSE:WBO
Wilson Bayly Holmes-Ovcon
Operates as a construction company in South Africa, rest of Africa, and the United Kingdom.
Flawless balance sheet with proven track record and pays a dividend.
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