Key Insights

• Keyera to hold its Annual General Meeting on 14th of May

• CEO C. Setoguchi's total compensation includes salary of CA$700.0k

• The total compensation is similar to the average for the industry

• Keyera's EPS grew by 87% over the past three years while total shareholder return over the past three years was 42%

It would be hard to discount the role that CEO C. Setoguchi has played in delivering the impressive results at Keyera Corp. (TSE:KEY) recently. Shareholders will have this at the front of their minds in the upcoming AGM on 14th of May. This would also be a chance for them to hear the board review the financial results, discuss future company strategy and vote on any resolutions such as executive remuneration. We think the CEO has done a pretty decent job and we discuss why the CEO compensation is appropriate.

View our latest analysis for Keyera

Comparing Keyera Corp.'s CEO Compensation With The Industry

At the time of writing, our data shows that Keyera Corp. has a market capitalization of CA$7.9b, and reported total annual CEO compensation of CA$5.2m for the year to December 2023. We note that's an increase of 8.3% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at CA$700k.

On examining similar-sized companies in the Canadian Oil and Gas industry with market capitalizations between CA$5.5b and CA$16b, we discovered that the median CEO total compensation of that group was CA$5.1m. So it looks like Keyera compensates C. Setoguchi in line with the median for the industry. What's more, C. Setoguchi holds CA$8.1m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Talking in terms of the industry, salary represented approximately 37% of total compensation out of all the companies we analyzed, while other remuneration made up 63% of the pie. In Keyera's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

A Look at Keyera Corp.'s Growth Numbers

Keyera Corp.'s earnings per share (EPS) grew 87% per year over the last three years. In the last year, its revenue changed by just 0.1%.

Shareholders would be glad to know that the company has improved itself over the last few years. While it would be good to see revenue growth, profits matter more in the end. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.