SAN Stock Analysis: Banco Santander | NYSE
Banks - Diversified | NYSE, USA | Market Cap: 218.559m USD | 12M Return: 51.7% | US05964H1059 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 201M
EPS Trend: 99.5%
Qual. Beats: -2
Rev. Trend: 33.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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. (NYSE: SAN) is a large-cap, Spain-based diversified bank headquartered in Madrid, founded in 1856 and operating globally under the GICS Financials sector. The company serves individuals, small and medium-sized enterprises, large corporations, and public entities across multiple geographies, generating revenue through five reporting segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments.
Its product and service mix spans traditional retail banking (deposits, savings/current accounts, mortgages, consumer and auto loans, credit and debit cards), wholesale and investment banking (project finance, debt capital markets, global transaction banking, corporate finance, and M&A advisory), wealth and asset management, insurance, and digital payments and technology solutions. The bank also engages in a broad set of adjacent activities, including leasing, factoring, securities brokerage, pension fund management, venture capital, renewable energy, and vehicle sales/rental, which reflects the diversified revenue streams typical of globally active universal banks.
Santander distributes its offerings through both physical branch networks and mobile/online banking channels, with a clear emphasis on its Digital Consumer Bank segment, underscoring the industrys broader shift toward digital-first retail finance. The ADR trades on the NYSE under the ticker SAN and is classified within the Diversified Banks sub-industry, a category that includes other large multinational banking groups.
- ECB rate cuts compress European net interest margins
- Brazil and Mexico loan growth drives emerging market earnings
- Wealth Management and Insurance fee income accelerates
| Net Income: 15.8b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -2.90 > 1.0 |
| NWC/Revenue: -1.28k% < 20% (prev -946.8%; Δ -335.4% < -1%) |
| CFO/TA -0.01 > 3% & CFO -14.8b > Net Income 15.8b |
| Net Debt (315b) to EBITDA (22.0b): 14.30 < 3 |
| Current Ratio: 0.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.7b) vs 12m ago -1.29% < -2% |
| Gross Margin: 52.25% > 18% (prev 63.26%; Δ -11.02% > 0.5%) |
| Asset Turnover: 4.79% > 50% (prev 4.22%; Δ 0.57% > 0%) |
| Interest Coverage Ratio: 0.32 > 6 (EBIT TTM 18.8b / Interest Expense TTM 59.4b) |
| A: -0.59 (Total Current Assets 138b - Total Current Liabilities 1295b) / Total Assets 1954b |
| B: 0.06 (Retained Earnings 111b / Total Assets 1954b) |
| C: 0.01 (EBIT TTM 18.8b / Avg Total Assets 1885b) |
| D: 0.06 (Book Value of Equity 109b / Total Liabilities 1838b) |
| Altman-Z'' = -3.57 = D |
As of September 12, 2026, the stock is trading at USD 14.96 with a total of 6,576,567 shares traded. Over the past week, the price has changed by -0.60%, over one month by +1.70%, over three months by +19.11% and over the past year by +51.66%.
Current recommended Stop Loss: 14.50 (which is 3.1% or 1.8 ATR below the current price).
Banco Santander has received a consensus analysts rating of 2.50. Therefore, it is recommended to sell SAN.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 14.8 | -1.1% |
Market Cap EUR = 188b (219b USD * 0.8613 USD.EUR)
P/E Trailing = 14.7549
P/E Forward = 9.9305
P/S = 4.5033
P/B = 1.6493
P/EG = 0.9107
Revenue TTM = 90.2b EUR
EBIT TTM = 18.8b EUR
EBITDA TTM = 22.0b EUR
Long Term Debt = 348b EUR (from longTermDebt, last quarter)
Short Term Debt = 212b EUR (from shortTermDebt, last fiscal year)
Debt = 452b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.82b
Net Debt = 315b EUR (calculated: Debt 452b - CCE 138b)
Enterprise Value = 503b EUR (188b + Debt 452b - CCE 138b)
Interest Coverage Ratio = 0.32 (Ebit TTM 18.8b / Interest Expense TTM 59.4b)
EV/FCF = -22.35x (Enterprise Value 503b / FCF TTM -22.5b)
FCF Yield = -4.47% (FCF TTM -22.5b / Enterprise Value 503b)
FCF Margin = -24.93% (FCF TTM -22.5b / Revenue TTM 90.2b)
Net Margin = 17.49% (Net Income TTM 15.8b / Revenue TTM 90.2b)
Gross Margin = 52.25% ((Revenue TTM 90.2b - Cost of Revenue TTM 43.1b) / Revenue TTM)
Gross Margin QoQ = 40.06% (prev 41.30%)
Tobins Q-Ratio = 0.26 (Enterprise Value 503b / Total Assets 1954b)
Interest Expense / Debt = 13.12% (Interest Expense 59.4b / Debt 452b)
Taxrate = 24.73% (4.64b / 18.8b)
NOPAT = 14.1b (EBIT 18.8b * (1 - 24.73%))
Current Ratio = 0.11 (Total Current Assets 138b / Total Current Liabilities 1295b)
Debt / Equity = 4.14 (Debt 452b / totalStockholderEquity, last quarter 109b)
Debt / EBITDA = 14.30 (Net Debt 315b / EBITDA 22.0b)
Debt / FCF = -13.98 (negative FCF - burning cash) (Net Debt 315b / FCF TTM -22.5b)
Total Stockholder Equity = 101b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.84% (Net Income 15.8b / Total Assets 1954b)
RoE = 15.60% (Net Income TTM 15.8b / Total Stockholder Equity 101b)
RoCE = 4.18% (EBIT 18.8b / Capital Employed (Equity 101b + L.T.Debt 348b))
RoIC = 1.63% (NOPAT 14.1b / Invested Capital 866b)
WACC = 9.61% (E(188b)/V(641b) * Re(8.98%) + D(452b)/V(641b) * Rd(13.12%) * (1-Tc(0.25)))
Discount Rate = 8.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -81.49 | Cagr: -5.77%
[DCF] Fair Price = unknown (Cash Flow -22.5b)
EPS Correlation: 99.50 | EPS CAGR: 20.60% | SUE: -1.16 | # QB: -2
Revenue Correlation: 33.35 | Revenue CAGR: 2.62% | SUE: 0.68 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.31 | Chg30d=+3.92% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.28 | Chg30d=-5.88% | Revisions=+25% | GrowthEPS=+20.4% | GrowthRev=+2.3%
EPS next Year (2027-12-31): EPS=1.43 | Chg30d=+16.77% | Revisions=-25% | GrowthEPS=+11.8% | GrowthRev=+8.7%
[Analyst] Revisions Ratio: -17% (up=1, down=2)