In This Article:
Steinar Haugli has been the CEO of SpareBank 1 Ringerike Hadeland (OB:RING) since 2008. First, this article will compare CEO compensation with compensation at similar sized companies. Next, we'll consider growth that the business demonstrates. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. This process should give us an idea about how appropriately the CEO is paid.
See our latest analysis for SpareBank 1 Ringerike Hadeland
How Does Steinar Haugli's Compensation Compare With Similar Sized Companies?
At the time of writing our data says that SpareBank 1 Ringerike Hadeland has a market cap of øre3.1b, and is paying total annual CEO compensation of øre3.8m. (This is based on the year to December 2018). That's a fairly small increase of 4.4% on year before. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at øre2.0m. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of øre1.7b to øre6.9b. The median total CEO compensation was øre4.5m.
So Steinar Haugli receives a similar amount to the median CEO pay, amongst the companies we looked at. Although this fact alone doesn't tell us a great deal, it becomes more relevant when considered against the business performance.
The graphic below shows how CEO compensation at SpareBank 1 Ringerike Hadeland has changed from year to year.
Is SpareBank 1 Ringerike Hadeland Growing?
Over the last three years SpareBank 1 Ringerike Hadeland has grown its earnings per share (EPS) by an average of 7.8% per year (using a line of best fit). In the last year, its revenue is up 5.4%.
I would argue that the improvement in revenue isn't particularly impressive, but I'm happy with the modest EPS growth. Considering these factors I'd say performance has been pretty decent, though not amazing. You might want to check this free visual report on analyst forecasts for future earnings.
Has SpareBank 1 Ringerike Hadeland Been A Good Investment?
Most shareholders would probably be pleased with SpareBank 1 Ringerike Hadeland for providing a total return of 39% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.
In Summary...
Remuneration for Steinar Haugli is close enough to the median pay for a CEO of a similar sized company .
While we would like to see improved growth metrics, there is no doubt that the total returns have been great, over the last three years. So considering most shareholders would be happy, we'd say the CEO pay is appropriate. If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at SpareBank 1 Ringerike Hadeland.