BANCO SANTANDER SA-SPON ADR (SAN) Fundamental Analysis & Valuation

NYSE:SAN • US05964H1059

Current stock price

11.465 USD
+0.05 (+0.48%)
Last:

This SAN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. SAN Profitability Analysis

1.1 Basic Checks

  • SAN had positive earnings in the past year.
  • SAN had a negative operating cash flow in the past year.
  • In the past 5 years SAN has always been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: SAN reported negative operating cash flow in multiple years.
SAN Yearly Net Income VS EBIT VS OCF VS FCFSAN 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

  • SAN has a Return On Assets of 1.31%. This is in the better half of the industry: SAN outperforms 80.00% of its industry peers.
  • SAN has a better Return On Equity (23.69%) than 98.68% 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
SAN Yearly ROA, ROE, ROICSAN 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

  • SAN's Profit Margin of 21.03% is on the low side compared to the rest of the industry. SAN is outperformed by 69.21% of its industry peers.
  • In the last couple of years the Profit Margin of SAN has grown nicely.
  • SAN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
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
SAN Yearly Profit, Operating, Gross MarginsSAN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1

2. SAN Health Analysis

2.1 Basic Checks

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

  • A Debt/Equity ratio of 3.14 is on the high side and indicates that SAN has dependencies on debt financing.
  • SAN has a Debt to Equity ratio of 3.14. This is amonst the worse of the industry: SAN underperforms 92.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.14
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC5.59%
SAN Yearly LT Debt VS Equity VS FCFSAN 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
SAN Yearly Current Assets VS Current LiabilitesSAN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

5

3. SAN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 16.88% over the past year.
  • SAN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 28.09% yearly.
  • The Revenue has grown by 67.59% in the past year. This is a very strong growth!
  • The Revenue has been growing slightly by 4.37% on average over the past years.
EPS 1Y (TTM)16.88%
EPS 3Y18.64%
EPS 5Y28.09%
EPS Q2Q%20%
Revenue 1Y (TTM)67.59%
Revenue growth 3Y2.1%
Revenue growth 5Y4.37%
Sales Q2Q%-5.38%

3.2 Future

  • Based on estimates for the next years, SAN will show a small growth in Earnings Per Share. The EPS will grow by 7.11% on average per year.
  • SAN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.05% yearly.
EPS Next Y13.04%
EPS Next 2Y14.9%
EPS Next 3Y14.01%
EPS Next 5Y7.11%
Revenue Next Year0.7%
Revenue Next 2Y3.15%
Revenue Next 3Y3.81%
Revenue Next 5Y5.05%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
SAN Yearly Revenue VS EstimatesSAN 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
SAN Yearly EPS VS EstimatesSAN 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

5

4. SAN Valuation Analysis

4.1 Price/Earnings Ratio

  • SAN is valuated reasonably with a Price/Earnings ratio of 10.92.
  • SAN's Price/Earnings ratio is a bit cheaper when compared to the industry. SAN is cheaper than 67.89% of the companies in the same industry.
  • SAN is valuated cheaply when we compare the Price/Earnings ratio to 26.17, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 9.66, the valuation of SAN can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, SAN is valued a bit cheaper than 65.26% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.05, SAN is valued rather cheaply.
Industry RankSector Rank
PE 10.92
Fwd PE 9.66
SAN Price Earnings VS Forward Price EarningsSAN 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
SAN Per share dataSAN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • SAN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as SAN's earnings are expected to grow with 14.01% in the coming years.
PEG (NY)0.84
PEG (5Y)0.39
EPS Next 2Y14.9%
EPS Next 3Y14.01%

4

5. SAN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.07%, SAN has a reasonable but not impressive dividend return.
  • SAN's Dividend Yield is slightly below the industry average, which is at 2.73.
  • Compared to an average S&P500 Dividend Yield of 1.89, SAN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.07%

5.2 History

  • SAN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • SAN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
SAN Yearly Dividends per shareSAN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • SAN pays out 13.67% of its income as dividend. This is a sustainable payout ratio.
DP13.67%
EPS Next 2Y14.9%
EPS Next 3Y14.01%
SAN Yearly Income VS Free CF VS DividendSAN 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
SAN Dividend Payout.SAN Dividend Payout, showing the Payout Ratio.SAN Dividend Payout.PayoutRetained Earnings

SAN Fundamentals: All Metrics, Ratios and Statistics

BANCO SANTANDER SA-SPON ADR

NYSE:SAN (4/6/2026, 1:25:42 PM)

11.465

+0.05 (+0.48%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-03
Earnings (Next)04-29
Inst Owners38.81%
Inst Owner Change0%
Ins Owners0.49%
Ins Owner ChangeN/A
Market Cap166.31B
Revenue(TTM)116.21B
Net Income(TTM)24.44B
Analysts77.93
Price Target13.44 (17.23%)
Short Float %0.52%
Short Ratio4.7
Dividend
Industry RankSector Rank
Dividend Yield 2.07%
Yearly Dividend0.26
Dividend Growth(5Y)N/A
DP13.67%
Div Incr Years4
Div Non Decr Years4
Ex-Date05-04
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.17%
Min EPS beat(2)4.46%
Max EPS beat(2)13.88%
EPS beat(4)3
Avg EPS beat(4)4.69%
Min EPS beat(4)-0.99%
Max EPS beat(4)13.88%
EPS beat(8)5
Avg EPS beat(8)7.43%
EPS beat(12)8
Avg EPS beat(12)6.59%
EPS beat(16)12
Avg EPS beat(16)5.89%
Revenue beat(2)0
Avg Revenue beat(2)-2.6%
Min Revenue beat(2)-3.67%
Max Revenue beat(2)-1.53%
Revenue beat(4)1
Avg Revenue beat(4)-1.6%
Min Revenue beat(4)-3.67%
Max Revenue beat(4)0.1%
Revenue beat(8)3
Avg Revenue beat(8)-0.81%
Revenue beat(12)5
Avg Revenue beat(12)0.97%
Revenue beat(16)9
Avg Revenue beat(16)8.29%
PT rev (1m)0%
PT rev (3m)19%
EPS NQ rev (1m)1.25%
EPS NQ rev (3m)18.71%
EPS NY rev (1m)1.25%
EPS NY rev (3m)3.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.82%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.73%
Valuation
Industry RankSector Rank
PE 10.92
Fwd PE 9.66
P/S 1.24
P/FCF N/A
P/OCF N/A
P/B 1.4
P/tB 1.68
EV/EBITDA N/A
EPS(TTM)1.05
EY9.16%
EPS(NY)1.19
Fwd EY10.35%
FCF(TTM)-1.79
FCFYN/A
OCF(TTM)-1.18
OCFYN/A
SpS9.23
BVpS8.2
TBVpS6.82
PEG (NY)0.84
PEG (5Y)0.39
Graham Number13.92
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-Score7
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 3.14
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 241%
Cap/Sales 6.59%
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-Score7
WACC5.59%
ROIC/WACCN/A
Cap/Depr(3y)330.41%
Cap/Depr(5y)353.63%
Cap/Sales(3y)15.86%
Cap/Sales(5y)17.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.88%
EPS 3Y18.64%
EPS 5Y28.09%
EPS Q2Q%20%
EPS Next Y13.04%
EPS Next 2Y14.9%
EPS Next 3Y14.01%
EPS Next 5Y7.11%
Revenue 1Y (TTM)67.59%
Revenue growth 3Y2.1%
Revenue growth 5Y4.37%
Sales Q2Q%-5.38%
Revenue Next Year0.7%
Revenue Next 2Y3.15%
Revenue Next 3Y3.81%
Revenue Next 5Y5.05%
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 1Y35.27%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y38.58%
OCF growth 3YN/A
OCF growth 5YN/A

BANCO SANTANDER SA-SPON ADR / SAN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for BANCO SANTANDER SA-SPON ADR?

ChartMill assigns a fundamental rating of 3 / 10 to SAN.


Can you provide the valuation status for BANCO SANTANDER SA-SPON ADR?

ChartMill assigns a valuation rating of 5 / 10 to BANCO SANTANDER SA-SPON ADR (SAN). This can be considered as Fairly Valued.


How profitable is BANCO SANTANDER SA-SPON ADR (SAN) stock?

BANCO SANTANDER SA-SPON ADR (SAN) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for SAN stock?

The Price/Earnings (PE) ratio for BANCO SANTANDER SA-SPON ADR (SAN) is 10.92 and the Price/Book (PB) ratio is 1.4.


How sustainable is the dividend of BANCO SANTANDER SA-SPON ADR (SAN) stock?

The dividend rating of BANCO SANTANDER SA-SPON ADR (SAN) is 4 / 10 and the dividend payout ratio is 13.67%.