BANCO SANTANDER SA (BSD2.DE) Stock Fundamental Analysis

FRA:BSD2 • ES0113900J37

10.292 EUR
-0.13 (-1.29%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BSD2. BSD2 was compared to 114 industry peers in the Banks industry. BSD2 may be in some trouble as it scores bad on both profitability and health. BSD2 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year BSD2 was profitable.
  • Each year in the past 5 years BSD2 has been profitable.
  • In multiple years BSD2 reported negative operating cash flow during the last 5 years.
BSD2.DE Yearly Net Income VS EBIT VS OCF VS FCFBSD2.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B 60B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.31%, BSD2 belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
  • BSD2 has a better Return On Equity (23.69%) than 92.11% of its industry peers.
Industry RankSector Rank
ROA 1.31%
ROE 23.69%
ROIC N/A
ROA(3y)0.69%
ROA(5y)0.62%
ROE(3y)12.68%
ROE(5y)11.63%
ROIC(3y)N/A
ROIC(5y)N/A
BSD2.DE Yearly ROA, ROE, ROICBSD2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10

1.3 Margins

  • BSD2 has a Profit Margin of 21.03%. This is in the lower half of the industry: BSD2 underperforms 61.40% of its industry peers.
  • In the last couple of years the Profit Margin of BSD2 has grown nicely.
  • The Operating Margin and Gross Margin are not available for BSD2 so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 21.03%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y11.32%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
BSD2.DE Yearly Profit, Operating, Gross MarginsBSD2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • BSD2 does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • BSD2 has less shares outstanding than it did 1 year ago.
  • BSD2 has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for BSD2 has been reduced compared to a year ago.
BSD2.DE Yearly Shares OutstandingBSD2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B
BSD2.DE Yearly Total Debt VS Total AssetsBSD2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500B 1T 1.5T

2.2 Solvency

  • BSD2 has a Debt/Equity ratio of 3.14. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of BSD2 (3.14) is worse than 74.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.14
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC5.69%
BSD2.DE Yearly LT Debt VS Equity VS FCFBSD2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100B 200B 300B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BSD2.DE Yearly Current Assets VS Current LiabilitesBSD2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 108.86% over the past year.
  • BSD2 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.98% yearly.
  • Looking at the last year, BSD2 shows a very strong growth in Revenue. The Revenue has grown by 67.59%.
  • The Revenue has been growing slightly by 4.37% on average over the past years.
EPS 1Y (TTM)108.86%
EPS 3Y18.98%
EPS 5YN/A
EPS Q2Q%380%
Revenue 1Y (TTM)67.59%
Revenue growth 3Y2.1%
Revenue growth 5Y4.37%
Sales Q2Q%312.4%

3.2 Future

  • BSD2 is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.32% yearly.
  • BSD2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.68% yearly.
EPS Next Y10.84%
EPS Next 2Y11.87%
EPS Next 3Y8.84%
EPS Next 5Y-0.32%
Revenue Next Year-0.61%
Revenue Next 2Y1.51%
Revenue Next 3Y2.25%
Revenue Next 5Y2.68%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BSD2.DE Yearly Revenue VS EstimatesBSD2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B
BSD2.DE Yearly EPS VS EstimatesBSD2.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.2 0.4 0.6 0.8 1

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5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 6.24, the valuation of BSD2 can be described as very cheap.
  • BSD2's Price/Earnings ratio is rather cheap when compared to the industry. BSD2 is cheaper than 94.74% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. BSD2 is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 10.27 indicates a reasonable valuation of BSD2.
  • Based on the Price/Forward Earnings ratio, BSD2 is valued a bit cheaper than 74.56% of the companies in the same industry.
  • BSD2's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.69.
Industry RankSector Rank
PE 6.24
Fwd PE 10.27
BSD2.DE Price Earnings VS Forward Price EarningsBSD2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BSD2.DE Per share dataBSD2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • BSD2's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y11.87%
EPS Next 3Y8.84%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • BSD2 has a Yearly Dividend Yield of 1.74%.
  • Compared to an average industry Dividend Yield of 4.12, BSD2's dividend is way lower than its industry peers. On top of this 86.84% of the companies listed in the same industry pay a better dividend than BSD2!
  • Compared to an average S&P500 Dividend Yield of 1.80, BSD2 has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.74%

5.2 History

  • The dividend of BSD2 decreases each year by -2.45%.
Dividend Growth(5Y)-2.45%
Div Incr Years3
Div Non Decr Years3
BSD2.DE Yearly Dividends per shareBSD2.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2

5.3 Sustainability

  • BSD2's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DPN/A
EPS Next 2Y11.87%
EPS Next 3Y8.84%
BSD2.DE Yearly Income VS Free CF VS DividendBSD2.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B

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BANCO SANTANDER SA

FRA:BSD2 (2/12/2026, 7:00:00 PM)

10.292

-0.13 (-1.29%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-04
Earnings (Next)04-29
Inst Owners38.26%
Inst Owner ChangeN/A
Ins Owners0.48%
Ins Owner ChangeN/A
Market Cap151.17B
Revenue(TTM)116.21B
Net Income(TTM)24.44B
Analysts78.62
Price Target10.74 (4.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
Yearly Dividend0.19
Dividend Growth(5Y)-2.45%
DPN/A
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)159.59%
Min Revenue beat(2)-1.53%
Max Revenue beat(2)320.72%
Revenue beat(4)2
Avg Revenue beat(4)79.5%
Min Revenue beat(4)-1.53%
Max Revenue beat(4)320.72%
Revenue beat(8)4
Avg Revenue beat(8)39.74%
Revenue beat(12)6
Avg Revenue beat(12)28.01%
Revenue beat(16)10
Avg Revenue beat(16)28.56%
PT rev (1m)10.64%
PT rev (3m)17.3%
EPS NQ rev (1m)10.61%
EPS NQ rev (3m)10.61%
EPS NY rev (1m)0.11%
EPS NY rev (3m)4.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.37%
Valuation
Industry RankSector Rank
PE 6.24
Fwd PE 10.27
P/S 1.3
P/FCF N/A
P/OCF N/A
P/B 1.47
P/tB 1.76
EV/EBITDA N/A
EPS(TTM)1.65
EY16.03%
EPS(NY)1
Fwd EY9.74%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS7.91
BVpS7.02
TBVpS5.85
PEG (NY)0.58
PEG (5Y)N/A
Graham Number16.15
Profitability
Industry RankSector Rank
ROA 1.31%
ROE 23.69%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 21.03%
GM N/A
FCFM N/A
ROA(3y)0.69%
ROA(5y)0.62%
ROE(3y)12.68%
ROE(5y)11.63%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y11.32%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 3.14
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-ScoreN/A
WACC5.69%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)108.86%
EPS 3Y18.98%
EPS 5YN/A
EPS Q2Q%380%
EPS Next Y10.84%
EPS Next 2Y11.87%
EPS Next 3Y8.84%
EPS Next 5Y-0.32%
Revenue 1Y (TTM)67.59%
Revenue growth 3Y2.1%
Revenue growth 5Y4.37%
Sales Q2Q%312.4%
Revenue Next Year-0.61%
Revenue Next 2Y1.51%
Revenue Next 3Y2.25%
Revenue Next 5Y2.68%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

BANCO SANTANDER SA / BSD2.DE FAQ

What is the fundamental rating for BSD2 stock?

ChartMill assigns a fundamental rating of 3 / 10 to BSD2.DE.


What is the valuation status of BANCO SANTANDER SA (BSD2.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to BANCO SANTANDER SA (BSD2.DE). This can be considered as Fairly Valued.


How profitable is BANCO SANTANDER SA (BSD2.DE) stock?

BANCO SANTANDER SA (BSD2.DE) has a profitability rating of 3 / 10.


What are the PE and PB ratios of BANCO SANTANDER SA (BSD2.DE) stock?

The Price/Earnings (PE) ratio for BANCO SANTANDER SA (BSD2.DE) is 6.24 and the Price/Book (PB) ratio is 1.47.