Dave Banyard has been the CEO of Myers Industries Inc (NYSE:MYE) since 2015. First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider the growth in the business. 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.
How Does Dave Banyard’s Compensation Compare With Similar Sized Companies?
According to our data, Myers Industries Inc has a market capitalization of US$553m, and pays its CEO total annual compensation worth US$3m. That’s a notable increase of 34% on last year. We looked at a group of companies with market capitalizations from US$200m to US$800m, and the median CEO compensation was US$2m.
It would therefore appear that Myers Industries Inc pays Dave Banyard 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 get a better idea of how generous the pay is by looking at the performance of the underlying business.
You can see a visual representation of the CEO compensation at Myers Industries, below.
Is Myers Industries Inc Growing?
On average over the last three years, Myers Industries Inc has grown earnings per share (EPS) by 17% each year. Its revenue is up 11% over last year.
This demonstrates that the company has been improving recently. A good result. It’s a real positive to see this sort of growth in a single year. That suggests a healthy and growing business.
It could be important to check this free visual depiction of what analysts expect for the future.
Has Myers Industries Inc Been A Good Investment?
With a total shareholder return of 15% over three years, Myers Industries Inc shareholders would, in general, be reasonably content. But they probably don’t want to see the CEO paid more than is normal for companies around the same size.
We compared the total CEO remuneration paid by Myers Industries Inc, and compared it to remuneration at a group of similar sized companies. As discussed above, we discovered that the company pays more than the median of that group.
However we must not forget that the EPS growth has been very strong over three years. We also think investors are doing ok, over the same time period. While it may be worth researching further, we don’t see a problem with the CEO pay, given the good EPS growth. If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Myers Industries Inc.
Of course, the past can be informative so you might be interested in considering this analytical visualization showing the company history of 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 email@example.com.