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Ingo Ederer has been the CEO of voxeljet AG (NYSE:VJET) since 2013. 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. The aim of all this is to consider the appropriateness of CEO pay levels.
How Does Ingo Ederer’s Compensation Compare With Similar Sized Companies?
At the time of writing our data says that voxeljet AG has a market cap of US$60m, and is paying total annual CEO compensation of €251k. We looked at a group of companies with market capitalizations under €177m, and the median CEO compensation was €259k.
So Ingo Ederer receives a similar amount to the median CEO pay, amongst the companies we looked at. 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.
The graphic below shows how CEO compensation at voxeljet has changed from year to year.
Is voxeljet AG Growing?
Over the last three years, voxeljet AG has not seen its earnings per share change much, though they have deteriorated slightly. It achieved revenue growth of 14% over the last year.
Unfortunately there is a complete lack of earnings per share improvement, over three years. While the revenue growth is good to see, it is outweighed by the fact that earnings per share are down, over three years. It’s hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration.
It could be important to check this free visual depiction of what analysts expect for the future.
Has voxeljet AG Been A Good Investment?
With a three year total loss of 55%, voxeljet AG would certainly have some dissatisfied shareholders. It therefore might be upsetting for shareholders if the CEO were paid generously.
Ingo Ederer is paid around the same as most CEOs of similar size companies.
After looking at EPS and total shareholder returns, it’s certainly hard to argue the company has performed well, since both metrics are down. Suffice it to say, we don’t think the CEO is underpaid! So you may want to check if insiders are buying voxeljet AG shares with their own money (free access).
Or you might prefer gaze upon this detailed graph of past earnings, revenue and cash flow .
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.