Shareholders May Be More Conservative With Trigano S.A.'s (EPA:TRI) CEO Compensation For Now
Key Insights
- Trigano will host its Annual General Meeting on 6th of January
- Total pay for CEO Stéphane Gigou includes €722.1k salary
- Total compensation is 165% above industry average
- Over the past three years, Trigano's EPS fell by 5.2% and over the past three years, the total shareholder return was 52%
Despite strong share price growth of 52% for Trigano S.A. (EPA:TRI) over the last few years, earnings growth has been disappointing, which suggests something is amiss. These concerns will be at the front of shareholders' minds as they go into the AGM coming up on 6th of January. It would also be an opportunity for them to influence management through exercising their voting power on company resolutions, including CEO and executive remuneration, which could impact on firm performance in the future. From the data that we gathered, we think that shareholders should hold off on a raise on CEO compensation until performance starts to show some improvement.
View our latest analysis for Trigano
How Does Total Compensation For Stéphane Gigou Compare With Other Companies In The Industry?
At the time of writing, our data shows that Trigano S.A. has a market capitalization of €3.4b, and reported total annual CEO compensation of €1.2m for the year to August 2025. That's a notable decrease of 14% on last year. In particular, the salary of €722.1k, makes up a fairly large portion of the total compensation being paid to the CEO.
In comparison with other companies in the France Auto industry with market capitalizations ranging from €1.7b to €5.4b, the reported median CEO total compensation was €470k. This suggests that Stéphane Gigou is paid more than the median for the industry.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | €722k | €683k | 58% |
| Other | €522k | €766k | 42% |
| Total Compensation | €1.2m | €1.4m | 100% |
On an industry level, roughly 33% of total compensation represents salary and 67% is other remuneration. It's interesting to note that Trigano pays out a greater portion of remuneration through salary, compared to the industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.
A Look at Trigano S.A.'s Growth Numbers
Over the last three years, Trigano S.A. has shrunk its earnings per share by 5.2% per year. It saw its revenue drop 6.8% over the last year.
The decline in EPS is a bit concerning. This is compounded by the fact revenue is actually down on last 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.
Has Trigano S.A. Been A Good Investment?
Most shareholders would probably be pleased with Trigano S.A. for providing a total return of 52% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
To Conclude...
Despite the strong returns on shareholders' investments, the fact that earnings have failed to grow makes us skeptical about the stock keeping up its current momentum. The upcoming AGM will provide shareholders the opportunity to revisit the company’s remuneration policies and evaluate if the board’s judgement and decision-making is aligned with that of the company’s shareholders.
CEO compensation can have a massive impact on performance, but it's just one element. We did our research and spotted 1 warning sign for Trigano that investors should look into moving forward.
Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.