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In 2009 Chris Grigg was appointed CEO of British Land Company Plc (LON:BLND). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that, we will consider the growth in the business. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. This method should give us information to assess how appropriately the company pays the CEO.
How Does Chris Grigg's Compensation Compare With Similar Sized Companies?
Our data indicates that British Land Company Plc is worth UK£5.2b, and total annual CEO compensation is UK£2.0m. (This figure is for the year to March 2019). That's below the compensation, last year. We think total compensation is more important but we note that the CEO salary is lower, at UK£857k. When we examined a selection of companies with market caps ranging from UK£3.2b to UK£9.5b, we found the median CEO total compensation was UK£2.8m.
That means Chris Grigg receives fairly typical remuneration for the CEO of a company that size. 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 British Land, below.
Is British Land Company Plc Growing?
Over the last three years British Land Company Plc has shrunk its earnings per share by an average of 66% per year (measured with a line of best fit). In the last year, its revenue is up 31%.
Investors should note that, over three years, earnings per share are down. But on the other hand, revenue growth is strong, suggesting a brighter future. These two metric are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. You might want to check this free visual report on analyst forecasts for future earnings.
Has British Land Company Plc Been A Good Investment?
British Land Company Plc has generated a total shareholder return of 15% over three years, so most shareholders would be reasonably content. But they probably don't want to see the CEO paid more than is normal for companies around the same size.
Chris Grigg is paid around what is normal the leaders of comparable size companies.
The company isn't showing particularly great growth, and shareholder turns haven't been particularly inspiring in the last few years. While the CEO may not be underpaid, we don't think the pay is too generous either. If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at British Land.
Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies, that have HIGH return on equity and low debt.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.