In 2012 Mark Winmill was appointed CEO of Global Self Storage, Inc. (NASDAQ:SELF). First, this article will compare CEO compensation with compensation at similar sized companies. Then we'll look at a snap shot of the business growth. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. This process should give us an idea about how appropriately the CEO is paid.
How Does Mark Winmill's Compensation Compare With Similar Sized Companies?
Our data indicates that Global Self Storage, Inc. is worth US$33m, and total annual CEO compensation was reported as US$520k for the year to December 2018. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$317k. We examined a group of similar sized companies, with market capitalizations of below US$200m. The median CEO total compensation in that group is US$529k.
So Mark Winmill 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 Global Self Storage has changed from year to year.
Is Global Self Storage, Inc. Growing?
Over the last three years Global Self Storage, Inc. has shrunk its earnings per share by an average of 24% per year (measured with a line of best fit). In the last year, its revenue is up 6.6%.
Few shareholders would be pleased to read that earnings per share are lower over three years. And the modest revenue growth over 12 months isn't much comfort against the reduced earnings per share. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. We don't have analyst forecasts, but you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Has Global Self Storage, Inc. Been A Good Investment?
Global Self Storage, Inc. has generated a total shareholder return of 5.7% over three years, so most shareholders wouldn't be too disappointed. But they probably don't want to see the CEO paid more than is normal for companies around the same size.
Mark Winmill is paid around the same as most CEOs of similar size companies.
We're not seeing great strides in earnings per share, and total returns were decent but not amazing in the last three years. We wouldn't say the CEO pay is too high, but it's probably fair to say that many shareholders would like to see improved performance, before any pay rise occurs. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Global Self Storage (free visualization of insider trades).
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.
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