Yahoo Finance How Is Cordy Oilfield Services' (CVE:CKK) CEO Paid Relative To Peers?
Darrick Evong has been the CEO of Cordy Oilfield Services Inc. (CVE:CKK) since 2016, and this article will examine the executive's compensation with respect to the overall performance of the company. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Cordy Oilfield Services.
Check out our latest analysis for Cordy Oilfield Services
Comparing Cordy Oilfield Services Inc.'s CEO Compensation With the industry
According to our data, Cordy Oilfield Services Inc. has a market capitalization of CA$2.3m, and paid its CEO total annual compensation worth CA$225k over the year to December 2019. Notably, that's a decrease of 10.0% over the year before. Notably, the salary of CA$225k is the entirety of the CEO compensation.
In comparison with other companies in the industry with market capitalizations under CA$268m, the reported median total CEO compensation was CA$842k. In other words, Cordy Oilfield Services pays its CEO lower than the industry median.
Component | 2019 | 2018 | Proportion (2019) |
Salary | CA$225k | CA$200k | 100% |
Other | - | CA$50k | - |
Total Compensation | CA$225k | CA$250k | 100% |
On an industry level, roughly 43% of total compensation represents salary and 57% is other remuneration. On a company level, Cordy Oilfield Services prefers to reward its CEO through a salary, opting not to pay Darrick Evong through non-salary benefits. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
A Look at Cordy Oilfield Services Inc.'s Growth Numbers
Cordy Oilfield Services Inc. has seen its earnings per share (EPS) increase by 88% a year over the past three years. Its revenue is up 7.1% over the last year.
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. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.
Has Cordy Oilfield Services Inc. Been A Good Investment?
With a three year total loss of 33% for the shareholders, Cordy Oilfield Services Inc. would certainly have some dissatisfied shareholders. This suggests it would be unwise for the company to pay the CEO too generously.
In Summary...
Cordy Oilfield Services pays CEO compensation exclusively through a salary, with non-salary compensation completely ignored. As previously discussed, Darrick is compensated less than what is normal for CEOs of companies of similar size, and which belong to the same industry. However we must not forget that the EPS growth has been very strong over three years. It's tough to criticize CEO compensation when the per-share EPS movement is positive. Shareholders, though, would ideally like to see shareholder returns head north before they agree to any raise.
It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. In our study, we found 3 warning signs for Cordy Oilfield Services you should be aware of, and 1 of them can't be ignored.
Switching gears from Cordy Oilfield Services, 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.
This article by Simply Wall St is general in nature. 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.
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