(SAN) Banco Santander - Overview

Sector: Financial Services | Industry: Banks - Diversified | Exchange: NYSE (USA) | Market Cap: 169.636m USD | Total Return: 55% in 12m

Retail Banking, Loans, Asset Management, Insurance, Payments
Total Rating 40
Safety 42
Buy Signal -0.82
Banks - Diversified
Industry Rotation: +2.6
Market Cap: 170B
Avg Turnover: 78.1M
Risk 3d forecast
Volatility29.9%
VaR 5th Pctl5.36%
VaR vs Median8.73%
Reward TTM
Sharpe Ratio1.46
Rel. Str. IBD68
Rel. Str. Peer Group57.5
Character TTM
Beta0.713
Beta Downside0.450
Hurst Exponent0.443
Drawdowns 3y
Max DD20.29%
CAGR/Max DD2.99
CAGR/Mean DD12.91
EPS (Earnings per Share) EPS (Earnings per Share) of SAN over the last years for every Quarter: "2021-03": 0.1402, "2021-06": 0.1322, "2021-09": 0.13, "2021-12": 0.14, "2022-03": 0.1502, "2022-06": 0.133, "2022-09": 0.1377, "2022-12": 0.1422, "2023-03": 0.15, "2023-06": 0.18, "2023-09": 0.18, "2023-12": 0.2, "2024-03": 0.18, "2024-06": 0.22, "2024-09": 0.22, "2024-12": 0.21, "2025-03": 0.24, "2025-06": 0.25, "2025-09": 0.26, "2025-12": 0.2985, "2026-03": 0.27,
EPS CAGR: 21.89%
EPS Trend: 99.5%
Last SUE: -1.30
Qual. Beats: -1
Revenue Revenue of SAN over the last years for every Quarter: 2021-03: 14576, 2021-06: 15015, 2021-09: 15394, 2021-12: 16514, 2022-03: 17740, 2022-06: 12636, 2022-09: 13285, 2022-12: 13322, 2023-03: 28298, 2023-06: 13918, 2023-09: 14695, 2023-12: 14401, 2024-03: 34378, 2024-06: 15490, 2024-09: 14941, 2024-12: 15812, 2025-03: 31577, 2025-06: 14332, 2025-09: 14177, 2025-12: 14978, 2026-03: 29677,
Rev. CAGR: 2.31%
Rev. Trend: 40.5%
Last SUE: 0.56
Qual. Beats: 0

Warnings

Below Avwap Earnings

Tailwinds

No distinct edge detected

Description: SAN Banco Santander

Banco Santander, S.A. is a Spain-based global financial institution operating across five primary segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. The company provides a comprehensive suite of services including retail deposits, consumer finance, debt capital markets, and asset management to individuals, corporations, and public entities.

The firm utilizes a diversified business model that balances traditional interest-income activities, such as mortgages and auto loans, with fee-based services like mergers and acquisitions advisory and digital payment processing. As a Diversified Bank, Santander maintains a significant international footprint, which allows it to mitigate regional economic volatility by spreading risk across multiple geographic markets.

For a deeper look into the companys valuation metrics and historical performance, you may find it useful to explore more detailed data on ValueRay.

Headquartered in Madrid and incorporated in 1856, the bank has expanded its operations beyond core banking into ancillary sectors including insurance, renewable energy financing, and real estate management. This multi-sector approach integrates technology-driven solutions, such as mobile banking and e-commerce platforms, to support its global client base.

Headlines to Watch Out For
  • European interest rate cuts pressure net interest margins across core Spanish lending
  • Brazilian market expansion drives revenue growth amid volatile emerging market currency shifts
  • Cost efficiency gains from global digital transformation offset rising regulatory compliance expenses
  • High dividend payouts and share buybacks bolster investor confidence in capital returns
  • Corporate and investment banking fees fluctuate with global mergers and acquisitions activity
Piotroski VR-10 (Strict) 4.0
Net Income: 16.15b TTM > 0 and > 6% of Revenue
FCF/TA: -0.01 > 0.02 and ΔFCF/TA -1.04 > 1.0
NWC/Revenue: -1.58k% < 20% (prev -1.00k%; Δ -579.9% < -1%)
CFO/TA -0.01 > 3% & CFO -14.84b > Net Income 16.15b
Net Debt (298.61b) to EBITDA (22.20b): 13.45 < 3
Current Ratio: 0.11 > 1.5 & < 3
Outstanding Shares: last quarter (15.15b) vs 12m ago -6.46% < -2%
Gross Margin: 63.25% > 18% (prev 0.64%; Δ 6.26k% > 0.5%)
Asset Turnover: 3.95% > 50% (prev 4.22%; Δ -0.27% > 0%)
Interest Coverage Ratio: 0.48 > 6 (EBITDA TTM 22.20b / Interest Expense TTM 39.36b)
Altman Z'' -3.78
A: -0.62 (Total Current Assets 137.46b - Total Current Liabilities 1295.09b) / Total Assets 1858.56b
B: 0.06 (Retained Earnings 108.05b / Total Assets 1858.56b)
C: 0.01 (EBIT TTM 19.02b / Avg Total Assets 1851.87b)
D: 0.04 (Book Value of Equity 71.99b / Total Liabilities 1745.90b)
Altman-Z'' = -3.78 = D
What is the price of SAN shares?

As of May 23, 2026, the stock is trading at USD 12.33 with a total of 18,570,136 shares traded.
Over the past week, the price has changed by +2.56%, over one month by -0.58%, over three months by -4.25% and over the past year by +54.95%.

Is SAN a buy, sell or hold?

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

What are the forecasts/targets for the SAN price?
Analysts Target Price 11.9 -3.3%
Banco Santander (SAN) - Fundamental Data Overview as of 21 May 2026
Market Cap EUR = 145.79b (169.64b USD * 0.8594 USD.EUR)
P/E Trailing = 11.4369
P/E Forward = 10.352
P/S = 3.5808
P/B = 1.4199
P/EG = 2.8177
Revenue TTM = 73.16b EUR
EBIT TTM = 19.02b EUR
EBITDA TTM = 22.20b EUR
Long Term Debt = 328.62b EUR (from longTermDebt, last quarter)
Short Term Debt = 211.70b EUR (from shortTermDebt, last fiscal year)
Debt = 436.07b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.82b
Net Debt = 298.61b EUR (calculated: Debt 436.07b - CCE 137.46b)
Enterprise Value = 444.40b EUR (145.79b + Debt 436.07b - CCE 137.46b)
Interest Coverage Ratio = 0.48 (Ebit TTM 19.02b / Interest Expense TTM 39.36b)
EV/FCF = -19.76x (Enterprise Value 444.40b / FCF TTM -22.49b)
FCF Yield = -5.06% (FCF TTM -22.49b / Enterprise Value 444.40b)
FCF Margin = -30.74% (FCF TTM -22.49b / Revenue TTM 73.16b)
Net Margin = 22.08% (Net Income TTM 16.15b / Revenue TTM 73.16b)
Gross Margin = 63.25% ((Revenue TTM 73.16b - Cost of Revenue TTM 26.89b) / Revenue TTM)
Gross Margin QoQ = 41.30% (prev 78.81%)
Tobins Q-Ratio = 0.24 (Enterprise Value 444.40b / Total Assets 1858.56b)
Interest Expense / Debt = 3.26% (Interest Expense 14.23b / Debt 436.07b)
Taxrate = 24.86% (1.25b / 5.03b)
NOPAT = 14.29b (EBIT 19.02b * (1 - 24.86%))
Current Ratio = 0.11 (Total Current Assets 137.46b / Total Current Liabilities 1295.09b)
Debt / Equity = 4.11 (Debt 436.07b / totalStockholderEquity, last quarter 106.14b)
Debt / EBITDA = 13.45 (Net Debt 298.61b / EBITDA 22.20b)
 Debt / FCF = -13.28 (negative FCF - burning cash) (Net Debt 298.61b / FCF TTM -22.49b)
 Total Stockholder Equity = 102.72b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.87% (Net Income 16.15b / Total Assets 1858.56b)
RoE = 15.73% (Net Income TTM 16.15b / Total Stockholder Equity 102.72b)
RoCE = 4.41% (EBIT 19.02b / Capital Employed (Equity 102.72b + L.T.Debt 328.62b))
RoIC = 2.24% (NOPAT 14.29b / Invested Capital 637.71b)
WACC = 3.97% (E(145.79b)/V(581.86b) * Re(8.49%) + D(436.07b)/V(581.86b) * Rd(3.26%) * (1-Tc(0.25)))
Discount Rate = 8.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -5.61%
 [DCF] Fair Price = unknown (Cash Flow -22.49b)
 EPS Correlation: 99.46 | EPS CAGR: 21.89% | SUE: -1.30 | # QB: -1
Revenue Correlation: 40.52 | Revenue CAGR: 2.31% | SUE: 0.56 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.30 | Chg30d=-1.71% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.31 | Chg30d=-0.38% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.09 | Chg30d=-2.39% | Revisions=+33% | GrowthEPS=+2.4% | GrowthRev=+1.3%
EPS next Year (2027-12-31): EPS=1.25 | Chg30d=-4.52% | Revisions=+33% | GrowthEPS=+14.6% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: +33%