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Irish Times
3 days ago
- Business
- Irish Times
Ryanair boss Michael O'Leary hits €100m bonus target
Ryanair boss Michael O'Leary has qualified for share options worth more than €100 million after the airline's shares hit a key performance target, paving the way for one of the biggest payouts in European corporate history. Shares this week closed at more than €21 for a 28th consecutive day, meeting one of two conditions attached to Mr O'Leary's bumper pay deal. The 64-year-old will have to stay at Ryanair until the end of July 2028 to collect the share options – worth more than €111 million – as part of an incentive scheme agreed in 2019. Mr O'Leary, known for his pugnacious style, defended his potential windfall earlier this month after Ryanair reported a fall in full-year profits. [ Ryanair's sky-high gains fuel O'Leary's bonus ambitions Opens in new window ] [ O'Leary flies closer to €100m pay-day Opens in new window ] 'I think we're delivering exceptional value for Ryanair shareholders in an era when premiership footballers or the managers are getting paid €20 million to €25 million a year,' he said. READ MORE Ryanair shareholders, he added, were 'getting particular value out of our share options – both mine and the rest of the management team'. Mr O'Leary said that as the options would not vest for another three years, he and the 'rest of the management team have to stay here to 2028 and continue to deliver before we can actually get hold of those share options'. 'So they don't come around for another three years and a lot can happen between now and then,' he added. Mr O'Leary also signalled he could stay at the airline when his current contract expired in 2028. 'My contract runs out in 2028 and there'll have to be some discussion I presume with the board as to how my remuneration will be fixed from 2028 onwards, if they want me to stay on after 2028,' he said. Mr O'Leary's potential pay deal compares with that of József Váradi, boss of low-cost rival Wizz Air, who stands to earn £100 million if that airline's share price hits £120 by 2028. But Wizz Air has previously conceded that this was unlikely to be met with the shares trading well below that level. Bumper pay packages are more common in the US. GE Aerospace chief executive Larry Culp received $89 million in 2024, making him one of the highest-paid US executives. Some European companies, including the London Stock Exchange Group, have been pushing for higher pay rewards for their executives. Since becoming chief executive of Ryanair in 1994, Mr O'Leary has masterminded the airline's breakneck growth as it has grown from a small regional airline into a force in global aviation. The airline has cemented its position as the undisputed leader in European low-cost aviation after using the disruption caused by the pandemic to increase its market share as weaker rivals retrenched. Mr O'Leary receives a basic salary of €1.2 million a year, but also owns a stake in Ryanair worth about €930 million. Under the scheme agreed in 2019, he was granted the options to buy 10 million shares at €11.12 each if either the airline's share price hit €21 for 28 consecutive days, or it reported €2.2 billion in annual profits after tax any time up to 2028. Ryanair said: 'If the share price remains above €21 until close of play on Thurs 29 May, then the 28-day share price condition will have been met. However, this is only one of two conditions for the share options to vest.' – Copyright The Financial Times Limited
Yahoo
3 days ago
- Business
- Yahoo
Red Violet, Inc. (RDVT): A Bull Case Theory
We came across a bullish thesis on Red Violet, Inc. (RDVT) on @WelfareCapLLC on X (Twitter). In this article, we will summarize the bulls' thesis on RDVT. Red Violet, Inc. (RDVT)'s share was trading at $49.28 as of 23rd May. RDVT's trailing P/E was 80.79 according to Yahoo Finance. An executive shaking hands with a customer as they seal a major Identity Verification Services deal. Red Violet (RDVT) is a high-conviction long idea in the data processing and identity verification space, with shares up 70% since the initial pitch in September. The company, with a $686 million market cap, offers data solutions to verticals such as law enforcement, collections, fraud prevention, corporate risk, and real estate. The management team—together for over two decades—built the core data products behind giants like TransUnion and LexisNexis, and has now created a superior, cloud-native platform that is taking market share rapidly. RDVT's advantage lies not just in data quantity, but in its ability to refine, link, and deliver high-throughput, accurate insights to customers. The company manages both proprietary and licensed datasets covering virtually every U.S. adult, including sensitive information like SSNs, addresses, and criminal records. Long-term, fixed-cost contracts for licensed data mean nearly every incremental dollar of revenue comes with extremely high margins. With over 70% of revenue contractually recurring and 96% gross retention, the business exhibits strong SaaS-like characteristics. RDVT is also seeing dramatic operating leverage, with Q1 operating margins rising 8 points to 19% and operating income growing 110% on 26% revenue growth. Despite trading at 80x TTM earnings, continued high earnings growth justifies the valuation. The company remains under-the-radar, with minimal analyst coverage and low trading volume, partly due to its Boca Raton location. However, a clean balance sheet, $34 million in cash, insider ownership, key talent acquisitions, and even a recent special dividend support a strong bull case. The stock remains a top 10% position with expectations of exceeding a $1 billion valuation. Red Violet, Inc. (RDVT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held RDVT at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the risk and potential of RDVT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RDVT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
