Yahoo Finance Shareholders May Be Wary Of Increasing Intermap Technologies Corporation's (TSE:IMP) CEO Compensation Package
Key Insights
Intermap Technologies will host its Annual General Meeting on 13th of June
Total pay for CEO Patrick Blott includes US$495.0k salary
The overall pay is 167% above the industry average
Over the past three years, Intermap Technologies' EPS fell by 73% and over the past three years, the total loss to shareholders 23%
Shareholders will probably not be too impressed with the underwhelming results at Intermap Technologies Corporation (TSE:IMP) recently. At the upcoming AGM on 13th of June, shareholders can hear from the board including their plans for turning around performance. They will also get a chance to influence managerial decision-making through voting on resolutions such as executive remuneration, which may impact firm value in the future. The data we present below explains why we think CEO compensation is not consistent with recent performance.
View our latest analysis for Intermap Technologies
Comparing Intermap Technologies Corporation's CEO Compensation With The Industry
At the time of writing, our data shows that Intermap Technologies Corporation has a market capitalization of CA$24m, and reported total annual CEO compensation of US$614k for the year to December 2023. We note that's an increase of 12% above last year. In particular, the salary of US$495.0k, makes up a huge portion of the total compensation being paid to the CEO.
On comparing similar-sized companies in the Canadian Software industry with market capitalizations below CA$273m, we found that the median total CEO compensation was US$230k. Hence, we can conclude that Patrick Blott is remunerated higher than the industry median. Furthermore, Patrick Blott directly owns CA$3.5m worth of shares in the company, implying that they are deeply invested in the company's success.
Component | 2023 | 2022 | Proportion (2023) |
Salary | US$495k | US$431k | 81% |
Other | US$119k | US$118k | 19% |
Total Compensation | US$614k | US$549k | 100% |
On an industry level, roughly 74% of total compensation represents salary and 26% is other remuneration. Intermap Technologies is largely mirroring the industry average when it comes to the share a salary enjoys in overall compensation. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
A Look at Intermap Technologies Corporation's Growth Numbers
Intermap Technologies Corporation has reduced its earnings per share by 73% a year over the last three years. Its revenue is down 12% over the previous year.
The decline in EPS is a bit concerning. This is compounded by the fact revenue is actually down on last year. 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 could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.
Has Intermap Technologies Corporation Been A Good Investment?
Since shareholders would have lost about 23% over three years, some Intermap Technologies Corporation investors would surely be feeling negative emotions. Therefore, it might be upsetting for shareholders if the CEO were paid generously.
In Summary...
Not only have shareholders not seen a favorable return on their investment, but the business hasn't performed well either. Few shareholders would be willing to award the CEO with a pay raise. At the upcoming AGM, they can question the management's plans and strategies to turn performance around and reassess their investment thesis in regards to the company.
CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. In our study, we found 4 warning signs for Intermap Technologies you should be aware of, and 2 of them are concerning.
Switching gears from Intermap Technologies, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
