In 2009 Doug Bryant was appointed CEO of Quidel Corporation (NASDAQ:QDEL). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. 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 Doug Bryant's Compensation Compare With Similar Sized Companies?
At the time of writing our data says that Quidel Corporation has a market cap of US$2.4b, and is paying total annual CEO compensation of US$3.4m. (This is based on the year to December 2018). We think total compensation is more important but we note that the CEO salary is lower, at US$589k. When we examined a selection of companies with market caps ranging from US$1.0b to US$3.2b, we found the median CEO total compensation was US$3.9m.
So Doug Bryant receives a similar amount to the median CEO pay, amongst the companies we looked at. Although this fact alone doesn't tell us a great deal, it becomes more relevant when considered against the business performance.
You can see, below, how CEO compensation at Quidel has changed over time.
Is Quidel Corporation Growing?
Over the last three years Quidel Corporation has grown its earnings per share (EPS) by an average of 123% per year (using a line of best fit). Its revenue is up 34% over last year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. The combination of strong revenue growth with medium-term earnings per share improvement certainly points to the kind of growth I like to see. Shareholders might be interested in this free visualization of analyst forecasts.
Has Quidel Corporation Been A Good Investment?
I think that the total shareholder return of 156%, over three years, would leave most Quidel Corporation shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
Doug Bryant is paid around the same as most CEOs of similar size companies.
Shareholders would surely be happy to see that shareholder returns have been great, and the earnings per share are up. Although the pay is a normal amount, some shareholders probably consider it fair or modest, given the good performance of the stock. If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Quidel.
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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