Italtile Management

Management criteria checks 4/4

Italtile's CEO is Lance Foxcroft, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is ZAR23.40M, comprised of 17.5% salary and 82.5% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth ZAR44.64M. The average tenure of the management team and the board of directors is 2.3 years and 7.9 years respectively.

Key information

Lance Foxcroft

Chief executive officer

R23.4m

Total compensation

CEO salary percentage	17.5%
CEO tenure	2.3yrs
CEO ownership	0.4%
Management average tenure	2.3yrs
Board average tenure	7.9yrs

Recent management updates

Recent updates

Italtile (JSE:ITE) Is Due To Pay A Dividend Of ZAR0.27

Feb 22

Italtile Limited (JSE:ITE) Screens Well But There Might Be A Catch

Jan 26

Investors Shouldn't Overlook The Favourable Returns On Capital At Italtile (JSE:ITE)

Dec 09

Read This Before Considering Italtile Limited (JSE:ITE) For Its Upcoming R0.31 Dividend

Feb 27

Is Italtile (JSE:ITE) A Risky Investment?

Feb 22

Shareholders Of Italtile (JSE:ITE) Must Be Happy With Their 80% Return

Feb 05

Italtile Limited's (JSE:ITE) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

Jan 12

The Returns At Italtile (JSE:ITE) Provide Us With Signs Of What's To Come

Dec 23

What We Learned About Italtile's (JSE:ITE) CEO Pay

Dec 09

Is Italtile Limited (JSE:ITE) A Good Fit For Your Dividend Portfolio?

Nov 24

CEO Compensation Analysis

How has Lance Foxcroft's remuneration changed compared to Italtile's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	R1b
Sep 30 2023	n/a	n/a	R2b
Jun 30 2023	R23m	R4m	R2b
Mar 31 2023	n/a	n/a	R2b
Dec 31 2022	n/a	n/a	R2b
Sep 30 2022	n/a	n/a	R2b
Jun 30 2022	R22m	R4m	R2b
Mar 31 2022	n/a	n/a	R2b
Dec 31 2021	n/a	n/a	R2b
Sep 30 2021	n/a	n/a	R2b
Jun 30 2021	R18m	R3m	R2b
Mar 31 2021	n/a	n/a	R1b
Dec 31 2020	n/a	n/a	R1b
Sep 30 2020	n/a	n/a	R1b
Jun 30 2020	R15m	R3m	R964m
Mar 31 2020	n/a	n/a	R1b
Dec 31 2019	n/a	n/a	R1b
Sep 30 2019	n/a	n/a	R1b
Jun 30 2019	R15m	R3m	R1b
Mar 31 2019	n/a	n/a	R1b
Dec 31 2018	n/a	n/a	R1b
Sep 30 2018	n/a	n/a	R1b
Jun 30 2018	R15m	R3m	R1b

Compensation vs Market: Lance's total compensation ($USD1.26M) is about average for companies of similar size in the ZA market ($USD1.04M).

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

CEO

Lance Foxcroft (50 yo)

2.3yrs

Tenure

R23,401,000

Compensation

Mr. Lance Andrew Foxcroft, BSc Eng (Physical Metallurgy), BCom Hons (IT) serves as Chief Executive Officer at Italtile Limited and serves as its director since January 01, 2022. He was Chief Executive Offi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lance Foxcroft	CEO & Director	2.3yrs	R23.40m	0.40% ZAR 44.6m
Brandon Wood	CFO & Executive Director	3.9yrs	R10.44m	0.15% ZAR 16.2m
Gerard Maartens	Chief Executive Officer of Ceramic Industries	less than a year	R2.75m	no data

2.3yrs

Average Tenure

Experienced Management: ITE's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lance Foxcroft	CEO & Director	2.3yrs	R23.40m	0.40% ZAR 44.6m
Brandon Wood	CFO & Executive Director	11yrs	R10.44m	0.15% ZAR 16.2m
Giovanni Alberto Ravazzotti	Non-Executive Director	55.3yrs	R2.05m	no data
Sybrand Pretorius	Independent Non-Executive Director	12.9yrs	R763.00k	no data
Jan Potgieter	Non-Executive Director	9.8yrs	R370.00k	0.35% ZAR 39.1m
Susan du Toit	Lead Independent Non-Executive Director	15.3yrs	R960.00k	no data
Nkateko Khoza	Independent Non-Executive Director	6yrs	R501.00k	0.056% ZAR 6.2m
Luciana Langenhoven	Non-Executive Chairman	5.8yrs	R416.00k	no data
Lushane Prezens	Independent Non-Executive Director	2.9yrs	R608.00k	no data
Alex Mathole	Independent Non-Executive Director	1.9yrs	R473.00k	no data

7.9yrs

Average Tenure

50.5yo

Average Age

Experienced Board: ITE's board of directors are considered experienced (7.9 years average tenure).

Italtile Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Non-Executive Director recently sold R112k worth of stock

Italtile Limited Announces Changes to the Company Secretary and Board Committee

Italtile Limited, Annual General Meeting, Nov 09, 2023

Italtile Limited Announces Executive Changes

Italtile Limited, Annual General Meeting, Nov 11, 2022

Non-Executive Director recently sold R4.0m worth of stock

Recent updates

Independent Non-Executive Director recently sold R112k worth of stock

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of R0.27 per share

Italtile (JSE:ITE) Is Due To Pay A Dividend Of ZAR0.27

First half dividend reduced to R0.27

First half 2024 earnings released: EPS: R0.68 (vs R0.80 in 1H 2023)

Now 23% undervalued after recent price drop

Italtile Limited to Report First Half, 2024 Results on Feb 19, 2024

Italtile Limited (JSE:ITE) Screens Well But There Might Be A Catch

Now 21% undervalued after recent price drop

Now 21% undervalued

Investors Shouldn't Overlook The Favourable Returns On Capital At Italtile (JSE:ITE)

Now 22% undervalued after recent price drop

Italtile Limited Announces Changes to the Company Secretary and Board Committee

Now 20% undervalued after recent price drop

Full year 2023 earnings released: EPS: R1.33 (vs R1.52 in FY 2022)

Italtile Limited, Annual General Meeting, Nov 09, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of R0.21 per share at 4.3% yield

Italtile's (JSE:ITE) Dividend Is Being Reduced To ZAR0.21

Full year 2023 earnings released: EPS: R1.33 (vs R1.52 in FY 2022)

Italtile Limited Declares Final Gross Ordinary Cash Dividend for the Year Ended 30 June 2023, Payable on 18 September 2023

New minor risk - Financial data availability

Italtile Limited to Report Fiscal Year 2023 Results on Aug 15, 2023

Italtile (JSE:ITE) Seems To Use Debt Quite Sensibly

Upcoming dividend of R0.32 per share at 4.3% yield

Italtile (JSE:ITE) Is Reducing Its Dividend To ZAR0.32

Italtile Limited Announces Executive Changes

Italtile Limited Declares for the Review Period Ended 31 December 2022, Payable on 6 March, 2023

Italtile Limited to Report First Half, 2023 Results on Feb 13, 2023

Full year 2022 earnings released: EPS: R1.52 (vs R1.41 in FY 2021)

Italtile Limited, Annual General Meeting, Nov 11, 2022

Calculating The Intrinsic Value Of Italtile Limited (JSE:ITE)

Upcoming dividend of R0.27 per share

Italtile (JSE:ITE) Has A Pretty Healthy Balance Sheet

Full year 2022 earnings released: EPS: R1.52 (vs R1.41 in FY 2021)

Capital Investment Trends At Italtile (JSE:ITE) Look Strong

Calculating The Intrinsic Value Of Italtile Limited (JSE:ITE)

Does Italtile (JSE:ITE) Have A Healthy Balance Sheet?

Investor sentiment improved over the past week

Upcoming dividend of R0.34 per share

Italtile's (JSE:ITE) Upcoming Dividend Will Be Larger Than Last Year's

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Italtile Limited Announces Cash Dividend Declaration for the Period Ended 31 December 2021, Payable 7 March 2022

Italtile Limited Provides Earnings Guidance for the Six Months Ended December 31, 2021

Non-Executive Director recently sold R4.0m worth of stock

Italtile (JSE:ITE) Might Become A Compounding Machine

Full year 2021 earnings released: EPS R1.41 (vs R0.78 in FY 2020)

Upcoming dividend of R0.75 per share

Is Italtile (JSE:ITE) Using Too Much Debt?

Third quarter 2021 earnings released: EPS R0.31 (vs R0.12 in 3Q 2020)

Shareholders Are Optimistic That Italtile (JSE:ITE) Will Multiply In Value

Here's What Italtile's (JSE:ITE) Strong Returns On Capital Mean

Would Italtile Limited (JSE:ITE) Be Valuable To Income Investors?

Read This Before Considering Italtile Limited (JSE:ITE) For Its Upcoming R0.31 Dividend

Upcoming Dividend of R0.31 Per Share

Is Italtile (JSE:ITE) A Risky Investment?

First half 2021 earnings released: EPS R0.78 (vs R0.55 in 1H 2020)

Shareholders Of Italtile (JSE:ITE) Must Be Happy With Their 80% Return

Italtile Limited to Report Q2, 2021 Results on Feb 11, 2021

New 90-day high: R15.34

Italtile Limited's (JSE:ITE) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

New 90-day high: R14.99

The Returns At Italtile (JSE:ITE) Provide Us With Signs Of What's To Come

What We Learned About Italtile's (JSE:ITE) CEO Pay

Is Italtile Limited (JSE:ITE) A Good Fit For Your Dividend Portfolio?

New 90-day high: R14.50

Market bids up stock over the past week