Is Camden National Corporation’s (NASDAQ:CAC) CEO Overpaid Relative To Its Peers?
Greg Dufour became the CEO of Camden National Corporation (NASDAQ:CAC) in 2009. First, this article will compare CEO compensation with compensation at similar sized companies. Next, we’ll consider growth that the business demonstrates. Third, we’ll reflect on the total return to shareholders over three years, as a second measure of business performance. This method should give us information to assess how appropriately the company pays the CEO.
View our latest analysis for Camden National
How Does Greg Dufour’s Compensation Compare With Similar Sized Companies?
According to our data, Camden National Corporation has a market capitalization of US$645m, and pays its CEO total annual compensation worth US$2.0m. Notably, that’s an increase of 41% over the year before. When we examined a selection of companies with market caps ranging from US$400m to US$1.6b, we found the median CEO compensation was US$2.3m.
So Greg Dufour 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 Camden National has changed from year to year.
Is Camden National Corporation Growing?
Camden National Corporation has increased its earnings per share (EPS) by an average of 4.4% a year, over the last three years In the last year, its revenue is up 3.8%.
I’m not particularly impressed by the revenue growth, but the modest improvement in EPS is good. It’s clear the performance has been quite decent, but it it falls short of outstanding,based on this information.
You might want to check this free visual report on analyst forecasts for future earnings.
Has Camden National Corporation Been A Good Investment?
Boasting a total shareholder return of 49% over three years, Camden National Corporation has done well by shareholders. This strong performance might mean some shareholders don’t mind if the CEO is paid more than is normal for a company of its size.
In Summary…
Greg Dufour is paid around the same as most CEOs of similar size companies.
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 all things considered I’d venture that the CEO pay is appropriate.
Or you might rather take a peek at this analytical visualization of historic cash flow, earnings and revenue.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
