DFS Furniture CEO faces scrutiny over pay amid disappointing stock returns
DFS Furniture's upcoming annual general meeting on November 10th is expected to be a platform for shareholders to express their concerns over CEO Tim Stacey's remuneration, which rose by 34% to £665k for the year ending June 2023, despite a -41% total return loss for shareholders over the past three years. The AGM could potentially influence decisions on executive pay and other factors affecting the company's stock performance.
The company, with a market capitalization of £237m, pays a larger share of its remuneration as salary, suggesting that CEO pay may not be strongly tied to performance. This comes at a time when DFS Furniture has seen a 52% annual increase in earnings per share over the last three years but also experienced a 5.2% revenue decrease in the last year.
InvestingPro data reveals that DFS Furniture has a market capitalization of $21.8 billion USD. Its P/E ratio stands at 6.3, suggesting that the stock may be undervalued. It's also noteworthy that DFS Furniture's revenue in the last twelve months as of Q3 2023 was $10.44 billion USD, despite a slight decrease by 3.08%.
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