Astral Foods Management

Management criteria checks 4/4

Astral Foods' CEO is Chris Schutte, appointed in May 2009, has a tenure of 18.75 years. total yearly compensation is ZAR15.28M, comprised of 62.3% salary and 37.7% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth ZAR11.06M. The average tenure of the management team and the board of directors is 4.5 years and 6.7 years respectively.

Key information

Chris Schutte

Chief executive officer

R15.3m

Total compensation

CEO salary percentage	62.3%
CEO tenure	15yrs
CEO ownership	0.2%
Management average tenure	4.5yrs
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris Schutte's remuneration changed compared to Astral Foods's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	R15m	R10m	-R512m
Jun 30 2023	n/a	n/a	R29m
Mar 31 2023	n/a	n/a	R570m
Dec 31 2022	n/a	n/a	R811m
Sep 30 2022	R20m	R9m	R1b
Jun 30 2022	n/a	n/a	R917m
Mar 31 2022	n/a	n/a	R781m
Dec 31 2021	n/a	n/a	R620m
Sep 30 2021	R16m	R9m	R458m
Mar 31 2021	n/a	n/a	R390m
Dec 31 2020	n/a	n/a	R464m
Sep 30 2020	R21m	R8m	R537m
Jun 30 2020	n/a	n/a	R601m
Mar 31 2020	n/a	n/a	R645m
Dec 31 2019	n/a	n/a	R644m
Sep 30 2019	R24m	R8m	R644m
Jun 30 2019	n/a	n/a	R842m
Mar 31 2019	n/a	n/a	R1b
Dec 31 2018	n/a	n/a	R1b
Sep 30 2018	R25m	R8m	R1b
Jun 30 2018	n/a	n/a	R1b
Mar 31 2018	n/a	n/a	R1b
Dec 31 2017	n/a	n/a	R1b
Sep 30 2017	R22m	R7m	R760m

Compensation vs Market: Chris's total compensation ($USD818.31K) is about average for companies of similar size in the ZA market ($USD931.53K).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris Schutte (63 yo)

15yrs

Tenure

R15,280,000

Compensation

Mr. Christiaan Ernst Schutte, also known as Chris, MBA, F.D.P., has been the Chief Executive Officer of Astral Foods Limited since May 1, 2009 and has been its Executive Director since August 18, 2005. Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christiaan Schutte	CEO & Executive Director	15yrs	R15.28m	0.19% ZAR 11.1m
Johan Andries Ferreira	CFO & Executive Director	1.3yrs	R4.83m	no data
Gary Arnold	Group COO & Executive Director	2.6yrs	R7.16m	0.039% ZAR 2.2m
Gideon Jordaan	Human Resources Executive	4.8yrs	R4.50m	no data
Michael Schmitz	Managing Director of Feed	7.3yrs	R5.99m	no data
Frans van Heerden	Managing Director of Poultry Commercial Division & Executive Director	3.5yrs	R5.09m	0.0012% ZAR 66.9k
Leonie Marupen	Group Company Secretary	4.2yrs	R1.28m	no data
Colin Smith	Marketing Executive & Head of Marketing Division	no data	no data	no data
Louis Vermaas	Sales Executive	no data	no data	no data
Anil Rambally	Purchasing & Sustainability Executive	no data	no data	no data
Braam Spies	Group Credit Manager	12.5yrs	no data	no data

4.5yrs

Average Tenure

51yo

Average Age

Experienced Management: ARL's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christiaan Schutte	CEO & Executive Director	18.8yrs	R15.28m	0.19% ZAR 11.1m
Johan Andries Ferreira	CFO & Executive Director	1.2yrs	R4.83m	no data
Gary Arnold	Group COO & Executive Director	12yrs	R7.16m	0.039% ZAR 2.2m
Frans van Heerden	Managing Director of Poultry Commercial Division & Executive Director	2.6yrs	R5.09m	0.0012% ZAR 66.9k
Theunis Eloff	Independent Non-Executive Chairman	17yrs	R1.30m	0.0030% ZAR 170.9k
Saleh Mayet	Independent Non-Executive Director	4.8yrs	R559.00k	0.0026% ZAR 148.6k
Tshepo Shabangu	Independent Non-Executive Director	10.8yrs	R859.00k	0.0031% ZAR 178.3k
Diederik Fouche	Lead Independent Non-Executive Director	8.5yrs	R1.08m	0.025% ZAR 1.4m
Willem Potgieter	Independent Non-Executive Director	4.8yrs	R605.00k	0.0052% ZAR 297.2k
Anita Cupido	Independent Non-Executive Director	2.5yrs	R581.00k	no data

6.7yrs

Average Tenure

57.5yo

Average Age

Experienced Board: ARL's board of directors are considered experienced (6.7 years average tenure).

Astral Foods Management

Management criteria checks 4/4

Key information

Recent management updates

Astral Foods Limited Appoints Jai Ferreira as Director

Board Member recently sold R420k worth of stock

Astral Foods Limited, Annual General Meeting, Feb 01, 2024

Astral Foods Limited, Annual General Meeting, Feb 01, 2024

CEO & Executive Director exercised options to buy R5.5m worth of stock.

Astral Foods Limited, Annual General Meeting, Feb 02, 2023

Recent updates

Astral Foods Limited to Report First Half, 2024 Results on May 20, 2024

An unknown buyer acquired a 9.77% stake in Quantum Foods Holdings Ltd (JSE:QFH) from Astral Foods Limited (JSE:ARL).

Astral Foods Limited Appoints Jai Ferreira as Director

Astral Foods Limited Provides Earnings Guidance for the Six Months Ending March 31, 2024

Now 22% undervalued

Board Member recently sold R420k worth of stock

Astral Foods Limited, Annual General Meeting, Feb 01, 2024

Astral Foods Limited, Annual General Meeting, Feb 01, 2024

New major risk - Revenue and earnings growth

Astral Foods Limited Provides Earnings Guidance for the Financial Year Ended 30 September 2023

Astral Foods Limited to Report Fiscal Year 2023 Results on Nov 20, 2023

Astral Foods Limited Provides Earnings Guidance for the Year Ending 30 September 2023

Investor sentiment deteriorates as stock falls 19%

Peresec Prime Brokers (Pty) Ltd acquired an unknown minority stake in Astral Foods Limited.

Consensus EPS estimates fall by 52%, revenue upgraded

Price target decreased by 14% to R158

First half 2023 earnings released: EPS: R1.62 (vs R14.17 in 1H 2022)

Astral Foods Limited Provides Earnings Guidance for the Six Months Ended March 31, 2023

CEO & Executive Director exercised options to buy R5.5m worth of stock.

Allan Gray on behalf of its client acquired an unknown stake in Astral Foods Limited (JSE:ARL).

Upcoming dividend of R5.90 per share

Full year 2022 earnings released: EPS: R27.81 (vs R11.88 in FY 2021)

Astral Foods Limited, Annual General Meeting, Feb 02, 2023

Consensus forecasts updated

Price target decreased to R199

Sanlam Investment Management (Pty) Limited on behalf of its client acquired unknown stake in Astral Foods Limited (JSE:ARL).

Astral Foods Limited to Report Fiscal Year 2022 Results on Nov 21, 2022

Price target increased to R207

Upcoming dividend of R7.90 per share

Investor sentiment improved over the past week

Consensus EPS estimates increase by 15%

Price target increased to R185

First half 2022 earnings released

Investor sentiment deteriorated over the past week

Astral Foods Limited Provides Earnings Guidance for the Six Month Period Ended 31 March 2022

Upcoming dividend of R4.00 per share

Price target increased to R180

Full year 2021 earnings released: EPS R11.89 (vs R14.35 in FY 2020)

Price target increased to R163

Investor sentiment improved over the past week

Astral Foods Limited Provides Earnings Guidance Financial Year Ending 30 September 2021

Upcoming dividend of R3.00 per share

First half 2021 earnings released: EPS R5.92 (vs R9.51 in 1H 2020)

Astral Foods Limited Announces Resignation of Andrew Crocker as Executive Director, Effective 15 January 2021

Analysts update estimates

Price target lowered to R155

The clients of Allan Gray Proprietary Limited acquired an unknown stake in Astral Foods Limited (JSE:ARL).

New 90-day high: R149

Price target lowered to R173

Revenue beats expectations, earnings disappoint

Full year 2020 earnings released: EPS R14.35

New 90-day low: R122

Astral Foods Limited Announces Resignation of Andrew Crocker as Executive Director

New 90-day low: R122

CEO & Executive Director recently bought R231k worth of stock

Analysts update estimates

Astral Foods Limited (JSE:ARL) acquired unknown minority stake in Quantum Foods Holdings Ltd (JSE:QFH).

New 90-day low - R143

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age