Shareholders Would Not Be Objecting To Cadence Design Systems, Inc.'s (NASDAQ:CDNS) CEO Compensation And Here's Why
Shareholders Would Not Be Objecting To Cadence Design Systems, Inc.'s (NASDAQ:CDNS) CEO Compensation And Here's Why
Key Insights
关键见解
- Cadence Design Systems will host its Annual General Meeting on 2nd of May
- CEO Anirudh Devgan's total compensation includes salary of US$750.0k
- The total compensation is similar to the average for the industry
- Over the past three years, Cadence Design Systems' EPS grew by 17% and over the past three years, the total shareholder return was 114%
- Cadence Design Systems 将于 5 月 2 日举办年度股东大会
- 首席执行官阿尼鲁德·德夫根的总薪酬包括750.0万美元的工资
- 总薪酬与该行业的平均水平相似
- 在过去三年中，Cadence Design Systems的每股收益增长了17％，在过去三年中，股东总回报率为114％
The performance at Cadence Design Systems, Inc. (NASDAQ:CDNS) has been quite strong recently and CEO Anirudh Devgan has played a role in it. Coming up to the next AGM on 2nd of May, shareholders would be keeping this in mind. The focus will probably be on the future company strategy as shareholders cast their votes on resolutions such as executive remuneration and other matters. Here is our take on why we think CEO compensation is not extravagant.
Cadence Design Systems, Inc.（纳斯达克股票代码：CDNS）最近的表现相当强劲，首席执行官阿尼鲁德·德夫根在其中发挥了作用。在5月2日的下一次股东周年大会上，股东们将牢记这一点。随着股东对高管薪酬和其他事项等决议进行投票，重点可能会放在未来的公司战略上。以下是我们对为什么我们认为首席执行官薪酬不奢侈的看法。
Comparing Cadence Design Systems, Inc.'s CEO Compensation With The Industry
比较 Cadence Design Systems, Inc.”s 首席执行官向业界提供的薪酬
Our data indicates that Cadence Design Systems, Inc. has a market capitalization of US$77b, and total annual CEO compensation was reported as US$17m for the year to December 2023. We note that's a decrease of 46% compared to last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$750k.
我们的数据显示，Cadence Design Systems, Inc.的市值为770亿美元，截至2023年12月的一年中，首席执行官的年薪酬总额报告为1700万美元。我们注意到，与去年相比下降了46％。我们认为总薪酬更为重要，但我们的数据显示，首席执行官的薪水较低，为75万美元。
On comparing similar companies in the American Software industry with market capitalizations above US$8.0b, we found that the median total CEO compensation was US$15m. From this we gather that Anirudh Devgan is paid around the median for CEOs in the industry. Moreover, Anirudh Devgan also holds US$19m worth of Cadence Design Systems stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
在比较美国软件行业中市值超过80亿美元的类似公司时，我们发现首席执行官的总薪酬中位数为1500万美元。由此我们可以得出结论，阿尼鲁德·德夫根的薪水约为该行业首席执行官的薪水中位数。此外，Anirudh Devgan还直接以自己的名义持有价值1900万美元的Cadence Design Systems股票，这向我们表明他们在该公司拥有大量个人股份。
| Component | 2023 | 2022 | Proportion (2023) |
| Salary | US$750k | US$725k | 4% |
| Other | US$17m | US$31m | 96% |
| Total Compensation | US$17m | US$32m | 100% |
| 组件 | 2023 | 2022 | 比例 (2023) |
| 工资 | 750 万美元 | 72.5 万美元 | 4% |
| 其他 | 1700 万美元 | 3100 万美元 | 96% |
| 总薪酬 | 1700 万美元 | 3200 万美元 | 100% |
On an industry level, around 16% of total compensation represents salary and 84% is other remuneration. A high-salary is usually a no-brainer when it comes to attracting the best executives, but Cadence Design Systems paid Anirudh Devgan a nominal salary to the CEO over the past 12 months, instead focusing on non-salary compensation. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.
在行业层面，总薪酬中约有16％代表工资，84％是其他薪酬。在吸引最优秀的高管方面，高薪通常是不费吹灰之力的，但是Cadence Design Systems在过去的12个月中向首席执行官支付了名义工资，而不是专注于非工资薪酬。如果将总薪酬倾向于非工资福利，则表明首席执行官的薪酬与公司业绩挂钩。
A Look at Cadence Design Systems, Inc.'s Growth Numbers
来看看 Cadence Design Systems, Inc.”s 增长数字
Cadence Design Systems, Inc.'s earnings per share (EPS) grew 17% per year over the last three years. It achieved revenue growth of 11% over the last year.
Cadence Design Systems, Inc.在过去三年中，每股收益（EPS）每年增长17％。去年，它实现了11％的收入增长。
Shareholders would be glad to know that the company has improved itself over the last few years. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. 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.
股东们会很高兴得知该公司在过去几年中有所改善。这种可观的同比收入增长通常出现在健康、成长的企业中。历史表现有时可以很好地衡量接下来会发生什么，但是如果你想展望公司的未来，你可能会对这种免费的分析师预测可视化感兴趣。
Has Cadence Design Systems, Inc. Been A Good Investment?
Cadence Design Systems, Inc. 是一项不错的投资吗？
We think that the total shareholder return of 114%, over three years, would leave most Cadence Design Systems, Inc. shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
我们认为，三年内114％的股东总回报率将使大多数Cadence Design Systems, Inc.的股东面带微笑。因此，有些人可能认为，首席执行官的薪水应该超过类似规模公司的正常水平。
To Conclude...
总而言之...
Cadence Design Systems primarily uses non-salary benefits to reward its CEO. The company's solid performance might have made most shareholders happy, possibly making CEO remuneration the least of the matters to be discussed in the AGM. In fact, strategic decisions that could impact the future of the business might be a far more interesting topic for investors as it would help them set their longer-term expectations.
Cadence Design Systems主要使用非薪金福利来奖励其首席执行官。该公司的稳健表现可能会让大多数股东感到高兴，这可能使首席执行官的薪酬成为股东周年大会讨论的最少的问题。实际上，对于投资者来说，可能影响业务未来的战略决策可能是一个更有趣的话题，因为这将帮助他们设定长期预期。
If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Cadence Design Systems.
如果你认为首席执行官的薪酬水平很有趣，那么你可能会非常喜欢Cadence Design Systems提供的这种免费的内幕交易可视化效果。
Important note: Cadence Design Systems is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
重要提示：Cadence Design Systems是一只令人兴奋的股票，但我们知道投资者可能正在寻找未支配的资产负债表和丰厚的回报。你可能会在这份投资回报率高、负债低的有趣公司清单中找到更好的东西。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论，我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之，华尔街没有持有任何上述股票的头寸。