Henrik Badin has been the CEO of Scanship Holding ASA (OB:SSHIP) since 2008. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. After that, we will consider the growth in the business. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. The aim of all this is to consider the appropriateness of CEO pay levels.
Check out our latest analysis for Scanship Holding
How Does Henrik Badin's Compensation Compare With Similar Sized Companies?
Our data indicates that Scanship Holding ASA is worth øre1.1b, and total annual CEO compensation is øre2.1m. (This number is for the twelve months until December 2017). We think total compensation is more important but we note that the CEO salary is lower, at øre1.8m. We examined a group of similar sized companies, with market capitalizations of below øre1.7b. The median CEO total compensation in that group is øre2.5m.
So Henrik Badin is paid around the average of the companies we looked at. This doesn't tell us a whole lot on its own, but looking at the performance of the actual business will give us useful context.
You can see a visual representation of the CEO compensation at Scanship Holding, below.
Is Scanship Holding ASA Growing?
Scanship Holding ASA has increased its earnings per share (EPS) by an average of 101% a year, over the last three years (using a line of best fit). In the last year, its revenue is up 33%.
This shows that the company has improved itself over the last few years. Good news for shareholders. Most shareholders would be pleased to see strong revenue growth combined with EPS growth. This combo suggests a fast growing business. It could be important to check this free visual depiction of what analysts expect for the future.
Has Scanship Holding ASA Been A Good Investment?
I think that the total shareholder return of 1356%, over three years, would leave most Scanship Holding ASA shareholders smiling. 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 Henrik Badin is close enough to the median pay for a CEO of a similar sized company .
Few would be critical of the leadership, since returns have been juicy and earnings per share are moving in the right direction. Although the pay is a normal amount, some shareholders probably consider it fair or modest, given the good performance of the stock. Shareholders may want to check for free if Scanship Holding insiders are buying or selling shares.