(SAN) Banco Santander - Overview

Exchange: NYSE • Country: Spain • Currency: USD • Type: Common Stock • ISIN: US05964H1059

Stock:

Total Rating 42

Risk 52

Buy Signal -0.56

Banks - Diversified -1.9
Diversified Banks -9.2

Market Cap: 190,906m
Avg Trading Vol: 206M USD

ATR: 3.13%
Peers RS (IBD): 86.54

Risk 5d forecast
Volatility	37.5%
Relative Tail Risk	1.60%

Reward TTM
Sharpe Ratio	2.15
Alpha	80.92

Character TTM
Beta	0.975
Beta Downside	1.466

Drawdowns 3y
Max DD	19.89%
CAGR/Max DD	2.59

EPS (Earnings per Share)

EPS CAGR: -44.90%
EPS Trend: 24.4%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: -4.41%
Rev. Trend: 10.8%

Last SUE: 2.13
Qual. Beats: 1

Description: SAN Banco Santander

Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services. The company also provides credit and debit cards, real estate loans, microfinance, and auto loans; private and investment banking services; advice on mergers and acquisitions; wealth, asset, and risk management services; and digital payments and technology solutions. In addition, it is involved in the securitization, leasing, management of portfolios, e-commerce, air transport, aircraft rental, software, consulting, payment and collection, fund and investment management, renewable energy, vehicle rental, insurance, advertising, marketing, telemarketing, automotive, agricultural, factoring, securities brokerage and investment, pension fund management, trade intermediary, venture capital fund, renting, restaurant, electricity production, IT, internet, and financial advisory and other activities; management, rental, and other real estate activities; and purchase and sale of vehicles. Further, the company offers mobile and online banking services. Banco Santander, S.A. was formerly known as Banco Santander Central Hispano SA and changed its name to Banco Santander, S.A. in February 2007. Banco Santander, S.A. was incorporated in 1856 and is headquartered in Madrid, Spain.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income: 14.10b TTM > 0 and > 6% of Revenue
FCF/TA: -0.01 > 0.02 and ΔFCF/TA -1.58 > 1.0
NWC/Revenue: 339.2% < 20% (prev 297.9%; Δ 41.36% < -1%)
CFO/TA -0.00 > 3% & CFO -7.82b > Net Income 14.10b
Net Debt (461.38b) to EBITDA (22.39b): 20.61 < 3
Current Ratio: 2.57 > 1.5 & < 3
Outstanding Shares: last quarter (15.69b) vs 12m ago -3.92% < -2%
Gross Margin: 62.54% > 18% (prev 0.88%; Δ 6166 % > 0.5%)
Asset Turnover: 4.05% > 50% (prev 4.39%; Δ -0.34% > 0%)
Interest Coverage Ratio: 0.47 > 6 (EBITDA TTM 22.39b / Interest Expense TTM 40.65b)

Altman Z'' 1.19

A: 0.14 (Total Current Assets 417.20b - Total Current Liabilities 162.57b) / Total Assets 1866.72b
B: 0.06 (Retained Earnings 104.32b / Total Assets 1866.72b)
C: 0.01 (EBIT TTM 19.18b / Avg Total Assets 1851.90b)
D: 0.04 (Book Value of Equity 73.97b / Total Liabilities 1754.02b)
Altman-Z'' Score: 1.19 = BB

Beneish M

DSRI: none (Receivables none/11.43b, Revenue 75.06b/80.62b)
GMI: 1.41 (GM 62.54% / 88.20%)
AQI: 0.91 (AQ_t 0.77 / AQ_t-1 0.85)
SGI: 0.93 (Revenue 75.06b / 80.62b)
TATA: 0.01 (NI 14.10b - CFO -7.82b) / TA 1866.72b)
Beneish M-Score: cannot calculate (missing components)

What is the price of SAN shares?

As of February 28, 2026, the stock is trading at USD 12.36 with a total of 24,217,189 shares traded.
Over the past week, the price has changed by -3.06%, over one month by -5.29%, over three months by +15.19% and over the past year by +99.20%.

Is SAN a buy, sell or hold?

Banco Santander has received a consensus analysts rating of 2.50. Therefor, it is recommend to sell SAN.

StrongBuy: 0
Buy: 0
Hold: 1
Sell: 1
StrongSell: 0

What are the forecasts/targets for the SAN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	10.7	-13.1%
Analysts Target Price	10.7	-13.1%

SAN Fundamental Data Overview February 28, 2026

Market Cap EUR = 161.81b (190.91b USD * 0.8476 USD.EUR)
P/E Trailing = 13.6211
P/E Forward = 11.0375
P/S = 3.8197
P/B = 1.5577
P/EG = 3.0653
Revenue TTM = 75.06b EUR
EBIT TTM = 19.18b EUR
EBITDA TTM = 22.39b EUR
Long Term Debt = 324.39b EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 461.38b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 461.38b EUR (from netDebt column, last quarter)
Enterprise Value = 351.28b EUR (161.81b + Debt 461.38b - CCE 271.91b)
Interest Coverage Ratio = 0.47 (Ebit TTM 19.18b / Interest Expense TTM 40.65b)
EV/FCF = -28.57x (Enterprise Value 351.28b / FCF TTM -12.30b)
FCF Yield = -3.50% (FCF TTM -12.30b / Enterprise Value 351.28b)
FCF Margin = -16.38% (FCF TTM -12.30b / Revenue TTM 75.06b)
Net Margin = 18.79% (Net Income TTM 14.10b / Revenue TTM 75.06b)
Gross Margin = 62.54% ((Revenue TTM 75.06b - Cost of Revenue TTM 28.12b) / Revenue TTM)
Gross Margin QoQ = 78.81% (prev 79.91%)
Tobins Q-Ratio = 0.19 (Enterprise Value 351.28b / Total Assets 1866.72b)
Interest Expense / Debt = 3.36% (Interest Expense 15.53b / Debt 461.38b)
Taxrate = 23.64% (1.16b / 4.92b)
NOPAT = 14.65b (EBIT 19.18b * (1 - 23.64%))
Current Ratio = 2.57 (Total Current Assets 417.20b / Total Current Liabilities 162.57b)
Debt / Equity = 4.47 (Debt 461.38b / totalStockholderEquity, last quarter 103.13b)
Debt / EBITDA = 20.61 (Net Debt 461.38b / EBITDA 22.39b)
Debt / FCF = -37.52 (negative FCF - burning cash) (Net Debt 461.38b / FCF TTM -12.30b)
Total Stockholder Equity = 101.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.76% (Net Income 14.10b / Total Assets 1866.72b)
RoE = 13.89% (Net Income TTM 14.10b / Total Stockholder Equity 101.52b)
RoCE = 4.50% (EBIT 19.18b / Capital Employed (Equity 101.52b + L.T.Debt 324.39b))
RoIC = 3.49% (NOPAT 14.65b / Invested Capital 419.33b)
WACC = 4.37% (E(161.81b)/V(623.19b) * Re(9.51%) + D(461.38b)/V(623.19b) * Rd(3.36%) * (1-Tc(0.24)))
Discount Rate = 9.51% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.65%
[DCF] Fair Price = unknown (Cash Flow -12.30b)
EPS Correlation: 24.39 | EPS CAGR: -44.90% | SUE: -4.0 | # QB: 0
Revenue Correlation: 10.79 | Revenue CAGR: -4.41% | SUE: 2.13 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.28 | Chg7d=+0.007 | Chg30d=+0.003 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.08 | Chg7d=+0.006 | Chg30d=+0.012 | Revisions Net=+2 | Growth EPS=+1.5% | Growth Revenue=+0.1%
EPS next Year (2027-12-31): EPS=1.23 | Chg7d=+0.002 | Chg30d=+0.196 | Revisions Net=+1 | Growth EPS=+14.4% | Growth Revenue=+6.5%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.2% (Discount Rate 9.5% - Earnings Yield 7.3%)
[Growth] Growth Spread = -6.2% (Analyst -4.0% - Implied 2.2%)

Additional Sources for SAN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle