Some Shareholders May Object To A Pay Rise For Physiomics Plc's (LON:PYC) CEO This Year

In This Article:

Key Insights

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

  • Total pay for CEO Jim Millen includes UK£126.0k salary

  • Total compensation is 56% below industry average

  • Physiomics' EPS declined by 53% over the past three years while total shareholder loss over the past three years was 73%

Performance at Physiomics Plc (LON:PYC) has not been particularly rosy recently and shareholders will likely be holding CEO Jim Millen and the board accountable for this. There is an opportunity for shareholders to influence management to turn the performance around by voting on resolutions such as executive remuneration at the AGM coming up on 21st of November. We think most shareholders will probably pass the CEO compensation, based on what we gathered.

See our latest analysis for Physiomics

How Does Total Compensation For Jim Millen Compare With Other Companies In The Industry?

Our data indicates that Physiomics Plc has a market capitalization of UK£1.6m, and total annual CEO compensation was reported as UK£139k for the year to June 2023. That's mostly flat as compared to the prior year's compensation. Notably, the salary which is UK£126.0k, represents most of the total compensation being paid.

In comparison with other companies in the British Life Sciences industry with market capitalizations under UK£160m, the reported median total CEO compensation was UK£318k. That is to say, Jim Millen is paid under the industry median.

Component

2023

2022

Proportion (2023)

Salary

UK£126k

UK£126k

91%

Other

UK£13k

UK£12k

9%

Total Compensation

UK£139k

UK£138k

100%

On an industry level, roughly 60% of total compensation represents salary and 40% is other remuneration. Physiomics is paying a higher share of its remuneration through a salary in comparison to the overall industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

ceo-compensation
ceo-compensation

Physiomics Plc's Growth

Over the last three years, Physiomics Plc has shrunk its earnings per share by 53% per year. Its revenue is down 33% over the previous year.

Few shareholders would be pleased to read that EPS have declined. And the impression is worse when you consider revenue is down year-on-year. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.