In This Article:
Marc Voigt has been the CEO of Immutep Limited (ASX:IMM) since 2014, and this article will examine the executive's compensation with respect to the overall performance of the company. This analysis will also assess whether Immutep pays its CEO appropriately, considering recent earnings growth and total shareholder returns.
Check out our latest analysis for Immutep
How Does Total Compensation For Marc Voigt Compare With Other Companies In The Industry?
According to our data, Immutep Limited has a market capitalization of AU$95m, and paid its CEO total annual compensation worth AU$926k over the year to June 2020. Notably, that's an increase of 11% over the year before. While we always look at total compensation first, our analysis shows that the salary component is less, at AU$411k.
In comparison with other companies in the industry with market capitalizations under AU$276m, the reported median total CEO compensation was AU$444k. Accordingly, our analysis reveals that Immutep Limited pays Marc Voigt north of the industry median. What's more, Marc Voigt holds AU$1.5m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
| Component | 2020 | 2019 | Proportion (2020) |
| Salary | AU$411k | AU$399k | 44% |
| Other | AU$515k | AU$438k | 56% |
| Total Compensation | AU$926k | AU$837k | 100% |
Talking in terms of the industry, salary represented approximately 64% of total compensation out of all the companies we analyzed, while other remuneration made up 36% of the pie. In Immutep's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.
Immutep Limited's Growth
Over the last three years, Immutep Limited has not seen its earnings per share change much, though they have deteriorated slightly. It achieved revenue growth of 185% over the last year.
The reduction in EPS, over three years, is arguably concerning. On the other hand, the strong revenue growth suggests the business is growing. It's hard to reach a conclusion about business performance right now. This may be one to watch. 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.
Has Immutep Limited Been A Good Investment?
Given the total shareholder loss of 18% over three years, many shareholders in Immutep Limited are probably rather dissatisfied, to say the least. Therefore, it might be upsetting for shareholders if the CEO were paid generously.