SAN Stock Analysis: Banco Santander S.A. | MC
Banks - Diversified | MC, Spain | Market Cap: 170.328m EUR | 12M Return: 71.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 220M
EPS Trend: 99.1%
Qual. Beats: -1
Rev. Trend: -2.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Banco Santander, S.A. is a Madrid-headquartered Spanish multinational bank founded in 1856 and listed since 1987, operating across five reportable segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It serves a broad customer base spanning individuals, small and medium-sized enterprises, large corporations, and public-sector entities worldwide, offering deposits, mortgages, consumer and corporate finance, capital markets services, wealth and asset management, cards, payments, and digital/mobile banking.
As a diversified bank within the Financials sector, Santander combines traditional balance-sheet lending with fee-generating activities such as asset management, insurance, advisory, and payments, which helps diversify earnings away from reliance on net interest income. Its multi-country footprint, spanning Europe, the Americas, and other regions, is a defining feature of its business model and distinguishes it from domestically focused peers.
- ECB rate cuts pressure net interest margins
- Brazil and Mexico loan growth lifts emerging markets earnings
- Openbank digital push targets consumer finance expansion
| Net Income: 16.2b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 4.36 > 1.0 |
| NWC/Revenue: -1.46k% < 20% (prev -1.44k%; Δ -28.27% < -1%) |
| CFO/TA 0.04 > 3% & CFO 83.5b > Net Income 16.2b |
| Net Debt (298b) to EBITDA (22.2b): 13.43 < 3 |
| Current Ratio: 0.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.7b) vs 12m ago -3.24% < -2% |
| Gross Margin: 39.40% > 18% (prev 48.16%; Δ -8.76% > 0.5%) |
| Asset Turnover: 3.77% > 50% (prev 2.94%; Δ 0.82% > 0%) |
| Interest Coverage Ratio: 0.32 > 6 (EBIT TTM 19.0b / Interest Expense TTM 59.4b) |
| A: -0.55 (Total Current Assets 137b - Total Current Liabilities 1158b) / Total Assets 1857b |
| B: 0.06 (Retained Earnings 108b / Total Assets 1857b) |
| C: 0.01 (EBIT TTM 19.0b / Avg Total Assets 1851b) |
| D: 0.06 (Book Value of Equity 106b / Total Liabilities 1744b) |
| Altman-Z'' = -3.29 = D |
As of July 23, 2026, the stock is trading at EUR 12.08 with a total of 57,380,602 shares traded. Over the past week, the price has changed by +0.92%, over one month by +0.67%, over three months by +15.87% and over the past year by +71.31%.
Current recommended Stop Loss: 11.70 (which is 3.1% or 1.6 ATR below the current price).
Banco Santander S.A. has no consensus analysts rating.
P/E Trailing = 13.2289
P/E Forward = 11.7509
P/S = 3.5954
P/B = 1.5857
P/EG = 3.791
Revenue TTM = 69.7b EUR
EBIT TTM = 19.0b EUR
EBITDA TTM = 22.2b EUR
Long Term Debt = 329b EUR (from longTermDebt, last quarter)
Short Term Debt = 258b EUR (from shortTermDebt, last fiscal year)
Debt = 436b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.82b
Net Debt = 298b EUR (calculated: Debt 436b - CCE 137b)
Enterprise Value = 469b EUR (170b + Debt 436b - CCE 137b)
Interest Coverage Ratio = 0.32 (Ebit TTM 19.0b / Interest Expense TTM 59.4b)
EV/FCF = 6.03x (Enterprise Value 469b / FCF TTM 77.7b)
FCF Yield = 16.58% (FCF TTM 77.7b / Enterprise Value 469b)
FCF Margin = 111.4% (FCF TTM 77.7b / Revenue TTM 69.7b)
Net Margin = 23.17% (Net Income TTM 16.2b / Revenue TTM 69.7b)
Gross Margin = 39.40% ((Revenue TTM 69.7b - Cost of Revenue TTM 42.2b) / Revenue TTM)
Gross Margin QoQ = -49.55% (prev 38.83%)
Tobins Q-Ratio = 0.25 (Enterprise Value 469b / Total Assets 1857b)
Interest Expense / Debt = 13.63% (Interest Expense 59.4b / Debt 436b)
Taxrate = 24.68% (4.65b / 18.8b)
NOPAT = 14.3b (EBIT 19.0b * (1 - 24.68%))
Current Ratio = 0.12 (Total Current Assets 137b / Total Current Liabilities 1158b)
Debt / Equity = 4.11 (Debt 436b / totalStockholderEquity, last quarter 106b)
Debt / EBITDA = 13.43 (Net Debt 298b / EBITDA 22.2b)
Debt / FCF = 3.84 (Net Debt 298b / FCF TTM 77.7b)
Total Stockholder Equity = 103b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.87% (Net Income 16.2b / Total Assets 1857b)
RoE = 15.73% (Net Income TTM 16.2b / Total Stockholder Equity 103b)
RoCE = 4.41% (EBIT 19.0b / Capital Employed (Equity 103b + L.T.Debt 329b))
RoIC = 1.50% (NOPAT 14.3b / Invested Capital 953b)
WACC = 9.71% (E(170b)/V(606b) * Re(8.29%) + D(436b)/V(606b) * Rd(13.63%) * (1-Tc(0.25)))
Discount Rate = 8.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -76.26 | Cagr: -3.46%
[DCF] Terminal Value 70.82% ; FCFF base≈77.7b ; Y1≈78.0b ; Y5≈82.6b
[DCF] Fair Price = 52.11 (EV 1044b - Net Debt 298b = Equity 745b / Shares 14.3b; r=9.71% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 99.10 | EPS CAGR: 17.45% | SUE: -2.74 | # QB: -1
Revenue Correlation: -2.65 | Revenue CAGR: -0.39% | SUE: -0.10 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.25 | Chg30d=-4.27% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.26 | Chg30d=-1.54% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.01 | Chg30d=+0.99% | Revisions=+0% | GrowthEPS=+12.2% | GrowthRev=+1.0%
EPS next Year (2027-12-31): EPS=1.23 | Chg30d=+1.12% | Revisions=+50% | GrowthEPS=+22.1% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +44% (up=10, down=3)