SAN Banco Santander SA
$13.28
▼ 1.3%Updated Oct 16, 2:25 PM ET
Report Card
SAN at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Favorable · 69/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 66.8% in the year to Jul 6, 2026
Key Metrics
Market Cap
$196.80B
P/E
11.19x
Forward P/E (est.)
8.69x
ROE
15.7%
Revenue Growth
57.2%
EPS Growth
28.8%
Profit Margin
17.1%
FCF Yield
6.3%
Debt / Equity
3.14x
ROIC
16.0%
Interest Coverage
0.42x
Current Ratio
—
Dividend Yield
1.6%
Implied Growth (rev. DCF)
—
Rating Score
69/100
Business Overview
Banco Santander SA (SAN) is a large-cap NYSE-listed company in the Banking industry, within the Financials sector, with a market value around $196.80B.
In its latest reported year it generated about $109.85B in revenue and $15.23B in net profit.
Our model rates SAN Favorable (69/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Economic Moat
Evidence of durable competitive advantage in the filed financials (10 years of history).
Profit margins and economic moats, explainedThe numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
54.9% average over the last 3 years
±18.2 pts around 76.3% across 8 years
grew in 6 of the last 9 year-over-year periods
positive in 5 of 10 years
16.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what SAN's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. SAN trades near $13.28, above its 50-day average ($12.56) and 200-day average ($11.60). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 82 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. SAN's is $0.30 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, SAN found buyers near $11.91 (support) and sellers near $14.28 (resistance); its 52-week range then was $8.28–$14.28. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.4× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
21.6%
Revenue moved from $59.57B in 2016 to $109.85B in 2025, a 7.0% compound annual growth rate. The most recent year grew a strong 57.2% year over year. Consistent top-line growth is one sign of healthy demand.
Profitability
Gross Margin
57.7%
Operating Margin
23.8%
Net Margin
13.9%
ROE
15.7%
Banco Santander SA keeps about 17.1% of each sales dollar as net profit, with a 57.7% gross margin and 23.8% operating margin. Return on equity is 15.7% and return on invested capital about 16.0%. Margins this wide usually signal pricing power or a cost advantage.
Debt Analysis
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
3.14x
Leverage: debt-to-equity is 3.1x, and operating profit covers interest about 0.4x. That is elevated leverage, which raises risk if earnings or rates move against it.
Cash Flow Analysis
Operating CF
-$16.02B
Free Cash Flow
-$22.34B
FCF Margin
-20.3%
In the latest year Banco Santander SA produced about -$16.02B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 6.3% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockCoverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
1.6%
Total paid (latest FY)
$3.61B
History on record
9 years
free cash flow was negative in the latest year — the dividend is being financed
24% of net income paid out
total dividends increased 4 years in a row
payout was cut at least once in the last 9 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
Valuation Analysis
P/E
11.19x
P/S
0.97x
P/B
1.46x
EV / EBITDA
1.06x
SAN trades at 11.2x trailing earnings (about 8.7x on estimated forward earnings), 1.0x sales, and 1.5x book value. That is an undemanding multiple — potentially cheap if the business is stable.
Metrics vs. Sector Range
Where SAN sits versus the Financials companies we cover.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How SAN stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
Among the 141 rated Financials companies we cover, SAN ranks #47 by our overall rating. It trades at a discount versus the sector on earnings (11.2x P/E vs. 14.9x median) with a higher return on equity (15.7% vs. 13.6%) and faster revenue growth (57.2% vs. 15.9%).
P/E vs sector
11.2x
median 14.9x
ROE vs sector
15.7%
median 13.6%
Growth vs sector
57.2%
median 15.9%
Sector rank
#47
of 141 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 141 rated companies among the 289 Financials stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$46.56 – $73.17
vs. $13.28 today · implied CAGR 29% – 41%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $159.28B | $230.95B | $334.88B | $485.58B | $704.09B |
| Net income | $22.30B | $32.33B | $46.88B | $67.98B | $98.57B |
| EPS | $1.50 | $2.18 | $3.16 | $4.59 | $6.65 |
| Share price (low) | $10.53 | $15.27 | $22.15 | $32.11 | $46.56 |
| Share price (high) | $16.55 | $24.00 | $34.80 | $50.46 | $73.17 |
| CAGR (low–high) | -21% / 25% | 7% / 34% | 19% / 38% | 25% / 40% | 29% / 41% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for SAN:
- Revenue is growing 57.2% a year, a sign of real demand.
- High net margins (17.1%) point to pricing power or efficiency.
- Strong return on equity (15.7%) shows capital is put to work well.
- Healthy free-cash-flow yield (~6.3%) funds buybacks and dividends.
- Our model's overall read is Favorable (69/100).
Bear Case
The case against SAN:
- Elevated leverage (debt/equity 3.1x) adds financial risk.
- Interest coverage is thin (0.4x), so debt costs bite.
Key Risks
Balance-sheet risk — debt/equity of 3.1x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the fundamentals screen favourably: Banco Santander SA is a large-cap financials business still growing nicely, with solid profitability, and a heavier debt load to watch. It trades at 11.2x earnings, which our model scores Favorable (69/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 29 Wall Street analysts covering SAN recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
SAN's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
SAN — frequently asked questions
Is SAN a good stock to buy?
We don't give buy or sell advice. Our model rates Banco Santander SA Favorable (69/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is SAN's rating on The Stocks School?
Banco Santander SA currently scores 69/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does SAN's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Banco Santander SA's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for SAN calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this SAN analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell SAN. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.