In 2008 Don Streu was appointed CEO of Condor Petroleum Inc (TSE:CPI). First, this article will compare CEO compensation with compensation at similar sized companies. Next, we’ll consider growth that the business demonstrates. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. This process should give us an idea about how appropriately the CEO is paid.
How Does Don Streu’s Compensation Compare With Similar Sized Companies?
At the time of writing our data says that Condor Petroleum Inc has a market cap of CA$9m, and is paying total annual CEO compensation of CA$375k. That’s below the compensation, last year. We examined a group of similar sized companies, with market capitalizations of below CA$264m. The median CEO compensation in that group is CA$155k.
It would therefore appear that Condor Petroleum Inc pays Don Streu more than the median CEO remuneration at companies of a similar size, in the same market. However, this fact alone doesn’t mean the remuneration is too high. We can better assess whether the pay is overly generous by looking into the underlying business performance.
You can see, below, how CEO compensation at Condor Petroleum has changed over time.
Is Condor Petroleum Inc Growing?
Over the last three years Condor Petroleum Inc has shrunk its earnings per share by an average of 53% per year. It achieved revenue growth of 243% over the last year.
The reduction in earnings per share, over three years, is arguably concerning. But on the other hand, revenue growth is strong, suggesting a brighter future. It’s hard to reach a conclusion about business performance right now. This may be one to watch.
We don’t have analyst forecasts, but you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Has Condor Petroleum Inc Been A Good Investment?
With a three year total loss of 75%, Condor Petroleum Inc would certainly have some dissatisfied shareholders. So shareholders would probably think the company shouldn’t be too generous with CEO compensation.
We examined the amount Condor Petroleum Inc pays its CEO, and compared it to the amount paid by similar sized companies. Our data suggests that it pays above the median CEO pay within that group.
Over the last three years, shareholder returns have been downright disappointing, and the underlying business has failed to impress us. Although we’d stop short of calling it inappropriate, we think the CEO compensation is probably more on the generous side of things. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Condor Petroleum Inc (free visualization of insider trades).
Or you might prefer this data-rich interactive visualization of historic revenue and earnings.
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 firstname.lastname@example.org.