Greg Dufour has been the CEO of Camden National Corporation (NASDAQ:CAC) since 2009. First, this article will compare CEO compensation with compensation at similar sized companies. Next, we'll consider growth that the business demonstrates. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. This process should give us an idea about how appropriately the CEO is paid.
How Does Greg Dufour's Compensation Compare With Similar Sized Companies?
At the time of writing, our data says that Camden National Corporation has a market cap of US$660m, and reported total annual CEO compensation of US$1.6m for the year to December 2018. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$598k. Importantly, there may be performance hurdles relating to the non-salary component of the total compensation. We looked at a group of companies with market capitalizations from US$400m to US$1.6b, and the median CEO total compensation was US$2.6m.
Most shareholders would consider it a positive that Greg Dufour takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. While this is a good thing, you'll need to understand the business better before you can form an opinion.
You can see a visual representation of the CEO compensation at Camden National, below.
Is Camden National Corporation Growing?
Camden National Corporation has increased its earnings per share (EPS) by an average of 16% a year, over the last three years (using a line of best fit). It achieved revenue growth of 5.3% over the last year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see modest revenue growth, suggesting the underlying business is healthy. It could be important to check this free visual depiction of what analysts expect for the future.
Has Camden National Corporation Been A Good Investment?
Camden National Corporation has served shareholders reasonably well, with a total return of 19% over three years. But they probably don't want to see the CEO paid more than is normal for companies around the same size.
It appears that Camden National Corporation remunerates its CEO below most similar sized companies.
Many would consider this to indicate that the pay is modest since the business is growing. While returns over the last few years haven't been top notch, there is nothing to suggest to us that Greg Dufour is overcompensated. Few would complain about reasonable CEO remuneration when the business is growing earnings per share. But it would be nice if insiders were also buying shares. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Camden National (free visualization of insider trades).
If you want to buy a stock that is better than Camden National, this free list of high return, low debt companies is a great place to look.
If you spot an error that warrants correction, please contact the editor at [email protected]. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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