Key Insights

• Masterflex's Annual General Meeting to take place on 5th of July

• Total pay for CEO Andreas Bastin includes €400.0k salary

• The overall pay is comparable to the industry average

• Over the past three years, Masterflex's EPS grew by 96% and over the past three years, the total shareholder return was 71%

It would be hard to discount the role that CEO Andreas Bastin has played in delivering the impressive results at Masterflex SE (ETR:MZX) recently. Shareholders will have this at the front of their minds in the upcoming AGM on 5th of July. The focus will probably be on the future company strategy as shareholders cast their votes on resolutions such as executive remuneration and other matters. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.

View our latest analysis for Masterflex

Comparing Masterflex SE's CEO Compensation With The Industry

At the time of writing, our data shows that Masterflex SE has a market capitalization of €106m, and reported total annual CEO compensation of €688k for the year to December 2023. This means that the compensation hasn't changed much from last year. Notably, the salary which is €400.0k, represents a considerable chunk of the total compensation being paid.

On comparing similar-sized companies in the German Machinery industry with market capitalizations below €187m, we found that the median total CEO compensation was €545k. From this we gather that Andreas Bastin is paid around the median for CEOs in the industry.

On an industry level, around 49% of total compensation represents salary and 51% is other remuneration. It's interesting to note that Masterflex pays out a greater portion of remuneration through salary, compared to the industry. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

A Look at Masterflex SE's Growth Numbers

Masterflex SE has seen its earnings per share (EPS) increase by 96% a year over the past three years. It saw its revenue drop 4.1% over the last year.

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.