Key Insights

• Alkane Resources' Annual General Meeting to take place on 21st of November

• CEO Nic Earner's total compensation includes salary of AU$624.7k

• The overall pay is 39% above the industry average

• Alkane Resources' three-year loss to shareholders was 37% while its EPS grew by 42% over the past three years

In the past three years, the share price of Alkane Resources Limited (ASX:ALK) 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. Shareholders may want to question the board on the future direction of the company at the upcoming AGM on 21st of November. 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.

Check out our latest analysis for Alkane Resources

How Does Total Compensation For Nic Earner Compare With Other Companies In The Industry?

Our data indicates that Alkane Resources Limited has a market capitalization of AU$380m, and total annual CEO compensation was reported as AU$1.3m for the year to June 2023. We note that's a small decrease of 6.6% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at AU$625k.

In comparison with other companies in the Australian Metals and Mining industry with market capitalizations ranging from AU$157m to AU$628m, the reported median CEO total compensation was AU$911k. Accordingly, our analysis reveals that Alkane Resources Limited pays Nic Earner north of the industry median. What's more, Nic Earner holds AU$3.2m 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 61% of total compensation out of all the companies we analyzed, while other remuneration made up 39% of the pie. Alkane Resources pays a modest slice of remuneration through salary, as compared to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

Alkane Resources Limited's Growth

Alkane Resources Limited has seen its earnings per share (EPS) increase by 42% a year over the past three years. Its revenue is up 15% over the last year.