In This Article:
Key Insights
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Associated British Foods' Annual General Meeting to take place on 8th of December
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CEO George Weston's total compensation includes salary of UK£1.12m
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Total compensation is similar to the industry average
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Associated British Foods' total shareholder return over the past three years was 9.1% while its EPS grew by 34% over the past three years
CEO George Weston has done a decent job of delivering relatively good performance at Associated British Foods plc (LON:ABF) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 8th of December. Based on our analysis of the data below, we think CEO compensation seems reasonable for now.
See our latest analysis for Associated British Foods
How Does Total Compensation For George Weston Compare With Other Companies In The Industry?
Our data indicates that Associated British Foods plc has a market capitalization of UK£18b, and total annual CEO compensation was reported as UK£4.1m for the year to September 2023. We note that's an increase of 79% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at UK£1.1m.
In comparison with other companies in the British Food industry with market capitalizations over UK£6.3b, the reported median total CEO compensation was UK£4.1m. This suggests that Associated British Foods remunerates its CEO largely in line with the industry average. Moreover, George Weston also holds UK£91m worth of Associated British Foods stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
Component | 2023 | 2022 | Proportion (2023) |
Salary | UK£1.1m | UK£1.1m | 27% |
Other | UK£3.0m | UK£1.2m | 73% |
Total Compensation | UK£4.1m | UK£2.3m | 100% |
On an industry level, around 49% of total compensation represents salary and 51% is other remuneration. Associated British Foods pays a modest slice of remuneration through salary, as compared to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
Associated British Foods plc's Growth
Associated British Foods plc has seen its earnings per share (EPS) increase by 34% a year over the past three years. Its revenue is up 16% over the last year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.