Sappi Limited

JSE:SAP Stock Report

Market Cap: R28.6b

Sappi Management

Management criteria checks 4/4

Sappi's CEO is Steve Binnie, appointed in Jul 2014, has a tenure of 10.5 years. total yearly compensation is $971.58K, comprised of 54.8% salary and 45.2% bonuses, including company stock and options. directly owns 0.098% of the company’s shares, worth ZAR28.06M. The average tenure of the management team and the board of directors is 10.5 years and 6.3 years respectively.

Key information

Steve Binnie

Chief executive officer

US$971.6k

Total compensation

CEO salary percentage54.8%
CEO tenure10.5yrs
CEO ownership0.1%
Management average tenure10.5yrs
Board average tenure6.3yrs

Recent management updates

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sappi Limited's (JSE:SAP) CEO For Now

Feb 01
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sappi Limited's (JSE:SAP) CEO For Now

Recent updates

Be Wary Of Sappi (JSE:SAP) And Its Returns On Capital

Jan 09
Be Wary Of Sappi (JSE:SAP) And Its Returns On Capital

We Think That There Are More Issues For Sappi (JSE:SAP) Than Just Sluggish Earnings

Nov 14
We Think That There Are More Issues For Sappi (JSE:SAP) Than Just Sluggish Earnings

Subdued Growth No Barrier To Sappi Limited's (JSE:SAP) Price

Oct 15
Subdued Growth No Barrier To Sappi Limited's (JSE:SAP) Price

Sappi (JSE:SAP) Has Debt But No Earnings; Should You Worry?

Sep 17
Sappi (JSE:SAP) Has Debt But No Earnings; Should You Worry?

Unpleasant Surprises Could Be In Store For Sappi Limited's (JSE:SAP) Shares

Jun 27
Unpleasant Surprises Could Be In Store For Sappi Limited's (JSE:SAP) Shares

Does Sappi (JSE:SAP) Have A Healthy Balance Sheet?

May 23
Does Sappi (JSE:SAP) Have A Healthy Balance Sheet?

Why We're Not Concerned About Sappi Limited's (JSE:SAP) Share Price

Mar 12
Why We're Not Concerned About Sappi Limited's (JSE:SAP) Share Price

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sappi Limited's (JSE:SAP) CEO For Now

Feb 01
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sappi Limited's (JSE:SAP) CEO For Now

Sappi's (JSE:SAP) Shareholders Have More To Worry About Than Only Soft Earnings

Dec 21
Sappi's (JSE:SAP) Shareholders Have More To Worry About Than Only Soft Earnings

CEO Compensation Analysis

How has Steve Binnie's remuneration changed compared to Sappi's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$33m

Jun 30 2024n/an/a

-US$86m

Mar 31 2024n/an/a

-US$97m

Dec 31 2023n/an/a

-US$57m

Oct 01 2023n/an/a

US$259m

Jun 30 2023n/an/a

US$325m

Mar 31 2023n/an/a

US$484m

Dec 31 2022n/an/a

US$603m

Oct 02 2022n/an/a

US$536m

Jun 30 2022n/an/a

US$545m

Mar 31 2022n/an/a

US$364m

Dec 31 2021n/an/a

US$153m

Sep 26 2021n/an/a

US$13m

Jun 30 2021n/an/a

-US$110m

Mar 31 2021n/an/a

-US$201m

Dec 31 2020n/an/a

-US$176m

Sep 27 2020n/an/a

-US$135m

Jun 30 2020n/an/a

US$3m

Mar 31 2020n/an/a

US$84m

Dec 31 2019n/an/a

US$154m

Sep 29 2019n/an/a

US$211m

Jun 30 2019n/an/a

US$268m

Mar 31 2019n/an/a

US$311m

Dec 31 2018n/an/a

US$341m

Sep 30 2018US$2mUS$558k

US$323m

Compensation vs Market: Steve's total compensation ($USD971.58K) is about average for companies of similar size in the ZA market ($USD971.81K).

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

CEO

Steve Binnie (57 yo)

10.5yrs

Tenure

US$971,578

Compensation

Mr. Stephen Robert Binnie, also known as Steve, B.Com, B Acc, CA(SA), MBA has been the Chief Executive Officer of Sappi Limited since July 1, 2014. Mr. Binnie served as the Chief Financial Officer at Sappi...

Leadership Team

NamePositionTenureCompensationOwnership
Maarten van Hoven
Group Head of Strategy & Legal13.1yrsUS$678.28k0.040%
ZAR 11.5m
Fergus Conan Marupen
Group Head of Human Resources9.8yrsUS$656.36k0.019%
ZAR 5.5m
Alexander van Coller Thiel
Executive Officer & Group Head of Strategic Projectsless than a yearUS$1.11m0.11%
ZAR 30.7m
Louis Kruyshaar
Group Head of Manufacturing & Innovationno dataUS$612.96k0.0099%
ZAR 2.8m
Mohamed Mansoor
Executive Vice President of Sappi Pulp33.4yrsUS$1.24m0.017%
ZAR 4.8m
Michael Haws
Chief Executive Officer of Sappi North America13yrsUS$1.32m0.015%
ZAR 4.4m
Marco Eikelenboom
Chief Executive Officer of Sappi Europe32.3yrsUS$1.60m0.0074%
ZAR 2.1m
Stephen Binnie
CEO & Executive Director10.5yrsUS$971.58k0.098%
ZAR 28.1m
Glen Pearce
CFO & Executive Director10.5yrsUS$541.10k0.086%
ZAR 24.6m
Marjorie Boles
Group Chief Information Officer6.6yrsno datano data
Tracy Wessels
Group Head of Investor Relations & Sustainability4yrsno datano data
Andre S. Oberholzer
Group Head of Corporate Affairsno datano datano data

10.5yrs

Average Tenure

57yo

Average Age

Experienced Management: SAP's management team is seasoned and experienced (10.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Stephen Binnie
CEO & Executive Director12.3yrsUS$971.58k0.098%
ZAR 28.1m
Glen Pearce
CFO & Executive Director27.6yrsUS$541.10k0.086%
ZAR 24.6m
James Lopez
Independent Non-Executive Director5.8yrsUS$140.52kno data
Robertus Johannes Antonius Renders
Independent Non Executive Director9.3yrsUS$163.59kno data
Nkululeko Sowazi
Independent Chairman2.3yrsUS$110.74kno data
Brian Beamish
Independent Non Executive Director5.8yrsUS$143.79kno data
Eleni Istavridis
Independent Non-Executive Director2.3yrsUS$140.56kno data
Michael Fallon
Lead Independent Director13.3yrsUS$186.99kno data
Bonakele Mehlomakulu
Independent Non-Executive Director7.8yrsUS$64.90kno data
Zola Malinga
Independent Non-Executive Director6.3yrsUS$65.23kno data
Louis Leon Zeuner
Independent Non-Executive Director2.3yrsUS$58.88kno data

6.3yrs

Average Tenure

62yo

Average Age

Experienced Board: SAP's board of directors are considered experienced (6.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/17 03:06
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sappi Limited is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brent MadelAbsa Bank Limited
Sean UngererArqaam Capital Research Offshore S.A.L.
Caroline LearmonthBarclays