This Is Why Flowserve Corporation's (NYSE:FLS) CEO Compensation Looks Appropriate
This Is Why Flowserve Corporation's (NYSE:FLS) CEO Compensation Looks Appropriate
Key Insights
關鍵見解
- Flowserve's Annual General Meeting to take place on 16th of May
- Total pay for CEO Robert Rowe includes US$1.20m salary
- The overall pay is comparable to the industry average
- Flowserve's EPS grew by 21% over the past three years while total shareholder return over the past three years was 26%
- Flowserve 的年度股東大會將於 5 月 16 日舉行
- 首席執行官羅伯特·羅的總薪水包括120萬美元的工資
- 總體薪酬與行業平均水平相當
- 在過去三年中，Flowserve的每股收益增長了21％，而過去三年的股東總回報率爲26％
CEO Robert Rowe has done a decent job of delivering relatively good performance at Flowserve Corporation (NYSE:FLS) recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 16th of May. We present our case of why we think CEO compensation looks fair.
首席執行官羅伯特·羅最近在Flowserve Corporation（紐約證券交易所代碼：FLS）取得了相對不錯的業績。鑑於這種表現，在股東將於5月16日參加股東周年大會之際，首席執行官薪酬可能不會成爲他們的主要關注點。我們舉例說明了爲什麼我們認爲首席執行官薪酬看起來很公平。
Comparing Flowserve Corporation's CEO Compensation With The Industry
將 Flowserve 公司的首席執行官薪酬與業界進行比較
Our data indicates that Flowserve Corporation has a market capitalization of US$6.4b, and total annual CEO compensation was reported as US$11m for the year to December 2023. We note that's an increase of 22% above last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$1.2m.
我們的數據顯示，Flowserve Corporation的市值爲64億美元，截至2023年12月的一年中，首席執行官的年薪酬總額爲1100萬美元。我們注意到這比去年增長了22％。儘管該分析側重於總薪酬，但值得承認的是，工資部分較低，爲120萬美元。
For comparison, other companies in the American Machinery industry with market capitalizations ranging between US$4.0b and US$12b had a median total CEO compensation of US$9.0m. So it looks like Flowserve compensates Robert Rowe in line with the median for the industry. Furthermore, Robert Rowe directly owns US$28m worth of shares in the company, implying that they are deeply invested in the company's success.
相比之下，美國機械行業中市值在40億美元至120億美元之間的其他公司的首席執行官總薪酬中位數爲900萬美元。因此，看來Flowserve對羅伯特·羅的薪酬與該行業的中位數一致。此外，羅伯特·羅直接擁有該公司價值2800萬美元的股份，這意味着他們對公司的成功進行了大量投資。
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | US$1.2m | US$1.2m | 11% |
| Other | US$9.4m | US$7.5m | 89% |
| Total Compensation | US$11m | US$8.7m | 100% |
| 組件 | 2023 | 2022 | 比例 (2023) |
| 工資 | 120 萬美元 | 120 萬美元 | 11% |
| 其他 | 9.4 萬美元 | 750 萬美元 | 89% |
| 總薪酬 | 1100 萬美元 | 870 萬美元 | 100% |
On an industry level, roughly 15% of total compensation represents salary and 85% is other remuneration. Flowserve sets aside a smaller share of compensation for salary, in comparison to the overall industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
在行業層面上，總薪酬的大約15％代表工資，85％是其他薪酬。與整個行業相比，Flowserve預留的工資薪酬份額較小。如果非工資薪酬在總薪酬中占主導地位，則表明高管的薪水與公司業績息息相關。
A Look at Flowserve Corporation's Growth Numbers
看看 Flowserve 公司的增長數字
Flowserve Corporation has seen its earnings per share (EPS) increase by 21% a year over the past three years. Its revenue is up 17% over the last year.
在過去三年中，Flowserve Corporation的每股收益（EPS）每年增長21％。其收入比去年增長了17％。
This demonstrates that the company has been improving recently and is good news for the shareholders. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. 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.
這表明該公司最近一直在改善，對股東來說是個好消息。去年收入可觀增長也是件好事，這表明該業務健康且正在增長。暫時偏離目前的形式，查看這份對分析師未來預期的免費可視化描述可能很重要。
Has Flowserve Corporation Been A Good Investment?
Flowserve 公司是一項不錯的投資嗎？
Flowserve Corporation has served shareholders reasonably well, with a total return of 26% over three years. But they probably don't want to see the CEO paid more than is normal for companies around the same size.
Flowserve Corporation爲股東提供了相當不錯的服務，三年來的總回報率爲26％。但是他們可能不希望看到首席執行官爲相同規模的公司支付的薪水超過正常水平。
In Summary...
總而言之...
The company's decent performance might have made most shareholders happy, possibly making CEO remuneration the least of the concerns to be discussed in the upcoming AGM. In saying that, any proposed increase to CEO compensation will still be assessed on how reasonable it is based on performance and industry benchmarks.
該公司的良好表現可能會讓大多數股東感到高興，這可能使首席執行官的薪酬成爲即將舉行的股東大會上討論的最少的問題。話雖如此，任何增加首席執行官薪酬的提議仍將根據業績和行業基準的合理性進行評估。
CEO compensation can have a massive impact on performance, but it's just one element. That's why we did some digging and identified 2 warning signs for Flowserve that you should be aware of before investing.
首席執行官薪酬可以對績效產生巨大影響，但這只是一個因素。這就是爲什麼我們進行了一些挖掘並確定了Flowserve的兩個警告信號，您在投資之前應注意這些信號。
Switching gears from Flowserve, 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.
從Flowserve切換方向，如果你正在尋找良好的資產負債表和保費回報，那麼這份免費的高回報、低負債公司清單是一個不錯的選擇。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。