(SAN) Banco Santander - Overview
Deposits, Loans, Cards, Mortgages, Investments
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.71% |
| Yield on Cost 5y | 8.86% |
| Yield CAGR 5y | 25.39% |
| Payout Consistency | 86.0% |
| Payout Ratio | 22.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.6% |
| Relative Tail Risk | 1.40% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.91 |
| Alpha | 135.98 |
| Character TTM | |
|---|---|
| Beta | 0.992 |
| Beta Downside | 1.039 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.89% |
| CAGR/Max DD | 3.01 |
Description: SAN Banco Santander January 27, 2026
Banco Santander S.A. (NYSE: SAN) is a global diversified bank that serves individuals, SMEs, large corporates and public entities through five operating segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. Its product suite spans deposits, mortgages, consumer and auto loans, project finance, debt-capital-markets services, credit/debit cards, wealth-management, digital payments and a broad array of ancillary activities such as leasing, fintech services and renewable-energy financing.
In its most recent quarter (Q4 2025), Santander reported a net profit of €6.5 billion, a 9 % YoY increase, and a Common Equity Tier 1 (CET1) ratio of 13.2 %-above the European regulatory minimum and the group’s 2024 target of 12.5 %. The loan portfolio grew 4 % year-over-year, driven primarily by a 6 % rise in digital-consumer loan originations, while the Net Interest Margin (NIM) held at 2.1 % amid a Eurozone policy-rate environment that has risen by 150 bps since early 2024. Digital active users now exceed 30 million, reflecting a 12 % increase in mobile-banking adoption, a key sector driver as European banks compete on cost-efficient digital channels.
For a deeper quantitative assessment, you might explore the SAN valuation model on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 13.60b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.06 > 1.0 |
| NWC/Revenue: -994.0% < 20% (prev -942.6%; Δ -51.37% < -1%) |
| CFO/TA 0.01 > 3% & CFO 25.58b > Net Income 13.60b |
| Net Debt (35.25b) to EBITDA (22.14b): 1.59 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.93b) vs 12m ago -1.99% < -2% |
| Gross Margin: 63.03% > 18% (prev 0.88%; Δ 6215 % > 0.5%) |
| Asset Turnover: 4.17% > 50% (prev 4.40%; Δ -0.23% > 0%) |
| Interest Coverage Ratio: 0.75 > 6 (EBITDA TTM 22.14b / Interest Expense TTM 25.13b) |
Altman Z'' -2.40
| A: -0.41 (Total Current Assets 353.36b - Total Current Liabilities 1107.78b) / Total Assets 1840.67b |
| B: 0.06 (Retained Earnings 102.29b / Total Assets 1840.67b) |
| C: 0.01 (EBIT TTM 18.86b / Avg Total Assets 1821.46b) |
| D: 0.04 (Book Value of Equity 62.85b / Total Liabilities 1730.75b) |
| Altman-Z'' Score: -2.40 = D |
Beneish M -2.62
| DSRI: 1.09 (Receivables 9.90b/9.47b, Revenue 75.90b/79.21b) |
| GMI: 1.39 (GM 63.03% / 87.54%) |
| AQI: 1.02 (AQ_t 0.79 / AQ_t-1 0.78) |
| SGI: 0.96 (Revenue 75.90b / 79.21b) |
| TATA: -0.01 (NI 13.60b - CFO 25.58b) / TA 1840.67b) |
| Beneish M-Score: -2.62 (Cap -4..+1) = A |
What is the price of SAN shares?
Over the past week, the price has changed by +4.11%, over one month by +8.56%, over three months by +27.23% and over the past year by +154.75%.
Is SAN a buy, sell or hold?
- 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 | -15.3% |
| Analysts Target Price | 10.7 | -15.3% |
| ValueRay Target Price | 19.4 | 52.8% |
SAN Fundamental Data Overview January 24, 2026
P/E Trailing = 12.5253
P/E Forward = 11.2233
P/S = 3.6185
P/B = 1.5331
P/EG = 3.1176
Revenue TTM = 75.90b EUR
EBIT TTM = 18.86b EUR
EBITDA TTM = 22.14b EUR
Long Term Debt = 316.62b EUR (from longTermDebt, last quarter)
Short Term Debt = 193.47b EUR (from shortTermDebt, last fiscal year)
Debt = 316.62b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 35.25b EUR (from netDebt column, last quarter)
Enterprise Value = 126.09b EUR (152.93b + Debt 316.62b - CCE 343.46b)
Interest Coverage Ratio = 0.75 (Ebit TTM 18.86b / Interest Expense TTM 25.13b)
EV/FCF = 6.28x (Enterprise Value 126.09b / FCF TTM 20.09b)
FCF Yield = 15.93% (FCF TTM 20.09b / Enterprise Value 126.09b)
FCF Margin = 26.47% (FCF TTM 20.09b / Revenue TTM 75.90b)
Net Margin = 17.92% (Net Income TTM 13.60b / Revenue TTM 75.90b)
Gross Margin = 63.03% ((Revenue TTM 75.90b - Cost of Revenue TTM 28.06b) / Revenue TTM)
Gross Margin QoQ = 79.91% (prev 75.95%)
Tobins Q-Ratio = 0.07 (Enterprise Value 126.09b / Total Assets 1840.67b)
Interest Expense / Debt = 3.03% (Interest Expense 9.60b / Debt 316.62b)
Taxrate = 25.62% (1.19b / 4.66b)
NOPAT = 14.03b (EBIT 18.86b * (1 - 25.62%))
Current Ratio = 0.32 (Total Current Assets 353.36b / Total Current Liabilities 1107.78b)
Debt / Equity = 3.13 (Debt 316.62b / totalStockholderEquity, last quarter 101.08b)
Debt / EBITDA = 1.59 (Net Debt 35.25b / EBITDA 22.14b)
Debt / FCF = 1.75 (Net Debt 35.25b / FCF TTM 20.09b)
Total Stockholder Equity = 100.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.75% (Net Income 13.60b / Total Assets 1840.67b)
RoE = 13.55% (Net Income TTM 13.60b / Total Stockholder Equity 100.39b)
RoCE = 4.52% (EBIT 18.86b / Capital Employed (Equity 100.39b + L.T.Debt 316.62b))
RoIC = 3.35% (NOPAT 14.03b / Invested Capital 418.47b)
WACC = 4.64% (E(152.93b)/V(469.55b) * Re(9.57%) + D(316.62b)/V(469.55b) * Rd(3.03%) * (1-Tc(0.26)))
Discount Rate = 9.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.92%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈12.28b ; Y1≈8.06b ; Y5≈3.68b
Fair Price DCF = 5.58 (EV 117.20b - Net Debt 35.25b = Equity 81.95b / Shares 14.69b; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 24.39 | EPS CAGR: -44.90% | SUE: -4.0 | # QB: 0
Revenue Correlation: 15.44 | Revenue CAGR: -3.99% | SUE: -0.05 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.27 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=1.07 | Chg30d=-0.009 | Revisions Net=-1 | Growth EPS=+7.7% | Growth Revenue=-0.4%