Yahoo Finance How Much is Renaissance Oil Corp’s (CVE:ROE) CEO Getting Paid?
In 2014 Craig Arthur Steinke was appointed CEO of Renaissance Oil Corp (CVE:ROE). First, this article will compare CEO compensation with compensation at similar sized companies. Next, we’ll consider growth that the business demonstrates. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. The aim of all this is to consider the appropriateness of CEO pay levels.
See our latest analysis for Renaissance Oil
How Does Craig Arthur Steinke’s Compensation Compare With Similar Sized Companies?
Our data indicates that Renaissance Oil Corp is worth CA$63m, and total annual CEO compensation is CA$299k. That’s a notable increase of 9.7% on last year. We looked at a group of companies with market capitalizations under CA$262m, and the median CEO compensation was CA$155k.
It would therefore appear that Renaissance Oil Corp pays Craig Arthur Steinke more than the median CEO remuneration at companies of a similar size, in the same market. However, this fact alone doesn’t mean the remuneration is too high. We can better assess whether the pay is overly generous by looking into the underlying business performance.
You can see a visual representation of the CEO compensation at Renaissance Oil, below.
Is Renaissance Oil Corp Growing?
Over the last three years Renaissance Oil Corp has grown its earnings per share (EPS) by an average of 60% per year. In the last year, its revenue is up 17%.
This shows that the company has improved itself over the last few years. Good news for shareholders. It’s also good to see decent revenue growth in the last year, suggesting the business is healthy and growing.
We don’t have analyst forecasts, but shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.
Has Renaissance Oil Corp Been A Good Investment?
I think that the total shareholder return of 36%, over three years, would leave most Renaissance Oil Corp shareholders smiling. This strong performance might mean some shareholders don’t mind if the CEO is paid more than is normal for a company of its size.
In Summary…
We compared the total CEO remuneration paid by Renaissance Oil Corp, and compared it to remuneration at a group of similar sized companies. We found that it pays well over the median amount paid in the benchmark group.
Importantly, though, the company has impressed with its earnings per share growth, over three years. On top of that, in the same period, returns to shareholders have been great. So, considering this good performance, the CEO compensation may be quite appropriate. So you may want to check if insiders are buying Renaissance Oil Corp shares with their own money (free access).
Or you could feast your eyes on this interactive graph depicting past earnings, cash flow and revenue.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
