The results at Bastide Le Confort Médical SA (EPA:BLC) have been quite disappointing recently and CEO Vincent Bastide bears some responsibility for this. Shareholders will be interested in what the board will have to say about turning performance around at the next AGM on 19th of December. This will be also be a chance where they can challenge the board on company direction and vote on resolutions such as executive remuneration. We present the case why we think CEO compensation is out of sync with company performance.
View our latest analysis for Bastide Le Confort Médical
At the time of writing, our data shows that Bastide Le Confort Médical SA has a market capitalization of €183m, and reported total annual CEO compensation of €325k for the year to June 2025. We note that's an increase of 23% above last year. Notably, the salary which is €200.0k, represents most of the total compensation being paid.
In comparison with other companies in the France Healthcare industry with market capitalizations ranging from €85m to €341m, the reported median CEO total compensation was €340k. From this we gather that Vincent Bastide is paid around the median for CEOs in the industry. What's more, Vincent Bastide holds €2.9m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | €200k | €200k | 62% |
| Other | €125k | €65k | 38% |
| Total Compensation | €325k | €265k | 100% |
Speaking on an industry level, nearly 53% of total compensation represents salary, while the remainder of 47% is other remuneration. Bastide Le Confort Médical is paying a higher share of its remuneration through a salary in comparison to the overall industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
Over the last three years, Bastide Le Confort Médical SA has shrunk its earnings per share by 41% per year. Its revenue is up 6.3% over the last year.
Overall this is not a very positive result for shareholders. The modest increase in revenue in the last year isn't enough to make us overlook the disappointing change in EPS. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..
The return of -32% over three years would not have pleased Bastide Le Confort Médical SA shareholders. So shareholders would probably want the company to be less generous with CEO compensation.
Given that shareholders haven't seen any positive returns on their investment, not to mention the lack of earnings growth, this may suggest that few of them would be willing to award the CEO with a pay rise. At the upcoming AGM, the board will get the chance to explain the steps it plans to take to improve business performance.
CEO pay is simply one of the many factors that need to be considered while examining business performance. We did our research and identified 3 warning signs (and 1 which doesn't sit too well with us) in Bastide Le Confort Médical we think you should know about.
Important note: Bastide Le Confort Médical 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.
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