Key Insights
- Plover Bay Technologies' Annual General Meeting to take place on 29th of April
- Total pay for CEO Kit Wai Chau includes US$233.0k salary
- The overall pay is 65% above the industry average
- Plover Bay Technologies' total shareholder return over the past three years was 90% while its EPS grew by 21% over the past three years
Performance at Plover Bay Technologies Limited (HKG:1523) has been reasonably good and CEO Kit Wai Chau has done a decent job of steering the company in the right direction. As shareholders go into the upcoming AGM on 29th of April, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. However, some shareholders may still be hesitant of being overly generous with CEO compensation.
See our latest analysis for Plover Bay Technologies
How Does Total Compensation For Kit Wai Chau Compare With Other Companies In The Industry?
At the time of writing, our data shows that Plover Bay Technologies Limited has a market capitalization of HK$5.5b, and reported total annual CEO compensation of US$235k for the year to December 2024. That's a modest increase of 7.3% on the prior year. Notably, the salary which is US$233.0k, represents most of the total compensation being paid.
In comparison with other companies in the Hong Kong Communications industry with market capitalizations ranging from HK$3.1b to HK$12b, the reported median CEO total compensation was US$142k. This suggests that Kit Wai Chau is paid more than the median for the industry. Moreover, Kit Wai Chau also holds HK$30m worth of Plover Bay Technologies stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
| Component | 2024 | 2023 | Proportion (2024) |
| Salary | US$233k | US$217k | 99% |
| Other | US$2.0k | US$2.0k | 1% |
| Total Compensation | US$235k | US$219k | 100% |
Speaking on an industry level, nearly 58% of total compensation represents salary, while the remainder of 42% is other remuneration. Plover Bay Technologies is focused on going down a more traditional approach and is paying a higher portion of compensation through salary, as compared to non-salary benefits. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
A Look at Plover Bay Technologies Limited's Growth Numbers
Plover Bay Technologies Limited has seen its earnings per share (EPS) increase by 21% a year over the past three years. Its revenue is up 24% over the last year.
Shareholders would be glad to know that the company has improved itself over the last few years. It's a real positive to see this sort of revenue growth in a single year. That suggests a healthy and growing business. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..
Has Plover Bay Technologies Limited Been A Good Investment?
Boasting a total shareholder return of 90% over three years, Plover Bay Technologies Limited has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
In Summary...
Kit Wai receives almost all of their compensation through a salary. The company's decent performance might have made most shareholders happy, possibly making CEO remuneration the least of the concerns to be discussed in the upcoming AGM. However, if the board proposes to increase the compensation, some shareholders might have questions given that the CEO is already being paid higher than the industry.
CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. We've identified 1 warning sign for Plover Bay Technologies that investors should be aware of in a dynamic business environment.
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.