Increases to CEO Compensation Might Be Put On Hold For Now at Mirriad Advertising plc (LON:MIRI)

In This Article:

Key Insights

  • Mirriad Advertising will host its Annual General Meeting on 28th of June

  • Salary of UK£447.0k is part of CEO Stephan Beringer's total remuneration

  • The total compensation is 99% higher than the average for the industry

  • Mirriad Advertising's EPS grew by 0.6% over the past three years while total shareholder loss over the past three years was 98%

Shareholders of Mirriad Advertising plc (LON:MIRI) will have been dismayed by the negative share price return over the last three years. What is concerning is that despite positive EPS growth, the share price has not tracked the trend in fundamentals. The AGM coming up on the 28th of June could be an opportunity for shareholders to bring these concerns to the board's attention. They could also try to influence management and firm direction through voting on resolutions such as executive remuneration and other company matters. We think shareholders might be reluctant to increase compensation for the CEO at the moment, according to our analysis below.

Check out our latest analysis for Mirriad Advertising

Comparing Mirriad Advertising plc's CEO Compensation With The Industry

At the time of writing, our data shows that Mirriad Advertising plc has a market capitalization of UK£9.9m, and reported total annual CEO compensation of UK£584k for the year to December 2023. This means that the compensation hasn't changed much from last year. We note that the salary portion, which stands at UK£447.0k constitutes the majority of total compensation received by the CEO.

On comparing similar-sized companies in the British Media industry with market capitalizations below UK£158m, we found that the median total CEO compensation was UK£293k. This suggests that Stephan Beringer is paid more than the median for the industry.

Component

2023

2022

Proportion (2023)

Salary

UK£447k

UK£443k

77%

Other

UK£137k

UK£131k

23%

Total Compensation

UK£584k

UK£574k

100%

On an industry level, around 49% of total compensation represents salary and 51% is other remuneration. Mirriad Advertising pays out 77% of remuneration in the form of a salary, significantly higher than the industry average. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

ceo-compensation
AIM:MIRI CEO Compensation June 22nd 2024

Mirriad Advertising plc's Growth

Earnings per share at Mirriad Advertising plc are much the same as they were three years ago, albeit with slightly higher. Its revenue is up 20% over the last year.

This revenue growth could really point to a brighter future. And the improvement in EPSis modest but respectable. So while we'd stop just short of calling this a top performer, but we think it is well worth watching. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..