Key Insights

• Petra Diamonds will host its Annual General Meeting on 14th of November

• Total pay for CEO Richard Duffy includes US$580.1k salary

• The overall pay is 446% above the industry average

• Petra Diamonds' EPS grew by 101% over the past three years while total shareholder loss over the past three years was 33%

In the past three years, the share price of Petra Diamonds Limited (LON:PDL) has struggled to grow and now shareholders are sitting on a loss. What is concerning is that despite positive EPS growth, the share price has not tracked the trend in fundamentals. The AGM coming up on the 14th of November could be an opportunity for shareholders to bring these concerns to the board's attention. Voting on resolutions such as executive remuneration and other matters could also be a way to influence management. We think shareholders might be reluctant to increase compensation for the CEO at the moment, according to our analysis below.

View our latest analysis for Petra Diamonds

Comparing Petra Diamonds Limited's CEO Compensation With The Industry

According to our data, Petra Diamonds Limited has a market capitalization of UK￡95m, and paid its CEO total annual compensation worth US$1.3m over the year to June 2023. That's a fairly small increase of 4.4% over the previous year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$580k.

For comparison, other companies in the British Metals and Mining industry with market capitalizations below UK￡163m, reported a median total CEO compensation of US$242k. This suggests that Richard Duffy is paid more than the median for the industry. Moreover, Richard Duffy also holds UK￡133k worth of Petra Diamonds stock directly under their own name.

Speaking on an industry level, nearly 64% of total compensation represents salary, while the remainder of 36% is other remuneration. Petra Diamonds sets aside a smaller share of compensation for salary, in comparison to the overall industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

Petra Diamonds Limited's Growth

Over the past three years, Petra Diamonds Limited has seen its earnings per share (EPS) grow by 101% per year. In the last year, its revenue is down 42%.

Shareholders would be glad to know that the company has improved itself over the last few years. It's always a tough situation when revenues are not growing, but ultimately profits are more important. 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.