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Bernard Saul has been the CEO of Saul Centers, Inc. (NYSE:BFS) since 1993. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. 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. The aim of all this is to consider the appropriateness of CEO pay levels.
How Does Bernard Saul's Compensation Compare With Similar Sized Companies?
Our data indicates that Saul Centers, Inc. is worth US$1.7b, and total annual CEO compensation is US$362k. (This number is for the twelve months until December 2018). That's a notable increase of 46% on last year. We think total compensation is more important but we note that the CEO salary is lower, at US$125k. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of US$1.0b to US$3.2b. The median total CEO compensation was US$4.1m.
This would give shareholders a good impression of the company, since most similar size companies have to pay more, leaving less for shareholders. However, before we heap on the praise, we should delve deeper to understand business performance.
The graphic below shows how CEO compensation at Saul Centers has changed from year to year.
Is Saul Centers, Inc. Growing?
On average over the last three years, Saul Centers, Inc. has grown earnings per share (EPS) by 2.1% each year (using a line of best fit). In the last year, its revenue is up 3.0%.
I'd prefer higher revenue growth, but I'm happy with the modest EPS growth. So there are some positives here, but not enough to earn high praise. Shareholders might be interested in this free visualization of analyst forecasts.
Has Saul Centers, Inc. Been A Good Investment?
Saul Centers, Inc. has not done too badly by shareholders, with a total return of 9.3%, over three years. But they probably don't want to see the CEO paid more than is normal for companies around the same size.
Saul Centers, Inc. is currently paying its CEO below what is normal for companies of its size.
Bernard Saul receives relatively low remuneration compared to similar sized companies. But the company isn't exactly firing on all cylinders, from my perspective. However I do not find the CEO compensation to be concerning. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Saul Centers (free visualization of insider trades).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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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.