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Should You Be Pleased About The CEO Pay At Calyx Ventures Inc.’s (CVE:CYX)

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Roger Forde has been the CEO of Calyx Ventures Inc. (CVE:CYX) since 2015. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. 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. This process should give us an idea about how appropriately the CEO is paid.

View our latest analysis for Calyx Ventures

How Does Roger Forde’s Compensation Compare With Similar Sized Companies?

At the time of writing our data says that Calyx Ventures Inc. has a market cap of CA$3.3m, and is paying total annual CEO compensation of CA$207k. (This figure is for the year to 2016). While we always look at total compensation first, we note that the salary component is less, at CA$120k. We looked at a group of companies with market capitalizations under CA$263m, and the median CEO compensation was CA$156k.

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It would therefore appear that Calyx Ventures Inc. pays Roger Forde 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 get a better idea of how generous the pay is by looking at the performance of the underlying business.

You can see a visual representation of the CEO compensation at Calyx Ventures, below.

TSXV:CYX CEO Compensation February 1st 19
TSXV:CYX CEO Compensation February 1st 19

Is Calyx Ventures Inc. Growing?

Over the last three years Calyx Ventures Inc. has shrunk its earnings per share by an average of 59% per year. In the last year, its revenue is up 218%.

The reduction in earnings per share, over three years, is arguably concerning. On the other hand, the strong revenue growth suggests the business is growing. In conclusion we can’t form a strong opinion about business performance yet; but it’s one worth watching.

Although we don’t have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Calyx Ventures Inc. Been A Good Investment?

Most shareholders would probably be pleased with Calyx Ventures Inc. for providing a total return of 40% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.

In Summary…

We compared total CEO remuneration at Calyx Ventures Inc. with the amount paid at companies with a similar market capitalization. We found that it pays well over the median amount paid in the benchmark group.

One might like to have seen stronger growth, but shareholder returns have been pleasing, over the last three years. As a result of the juicy return to investors, the CEO remuneration may well be quite reasonable. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Calyx Ventures (free visualization of insider trades).

Of course, the past can be informative so you might be interested in considering this analytical visualization showing the company history of earnings 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.