SAN Stock Analysis: Banco Santander S.A. | MC
Banks - Diversified | MC, Spain | Market Cap: 181.748m EUR | 12M Return: 48% | ES0113900J37 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 227M
EPS Trend: 99.2%
Qual. Beats: 0
Rev. Trend: 28.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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. is a Madrid-headquartered Spanish multinational bank founded in 1856 and listed since 1987, operating across five reportable segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It serves a broad customer base spanning individuals, small and medium-sized enterprises, large corporations, and public-sector entities worldwide, offering deposits, mortgages, consumer and corporate finance, capital markets services, wealth and asset management, cards, payments, and digital/mobile banking.
As a diversified bank within the Financials sector, Santander combines traditional balance-sheet lending with fee-generating activities such as asset management, insurance, advisory, and payments, which helps diversify earnings away from reliance on net interest income. Its multi-country footprint, spanning Europe, the Americas, and other regions, is a defining feature of its business model and distinguishes it from domestically focused peers.
- ECB rate cuts pressure net interest margins
- Brazil and Mexico loan growth lifts emerging markets earnings
- Openbank digital push targets consumer finance expansion
| Net Income: 16.2b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 2.23 > 1.0 |
| NWC/Revenue: -1.47k% < 20% (prev -1.37k%; Δ -102.2% < -1%) |
| CFO/TA 0.04 > 3% & CFO 83.5b > Net Income 16.2b |
| Net Debt (-14.3b) to EBITDA (22.8b): -0.63 < 3 |
| Current Ratio: 0.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.7b) vs 12m ago -5.88% < -2% |
| Gross Margin: 63.93% > 18% (prev 47.02%; Δ 16.91% > 0.5%) |
| Asset Turnover: 3.94% > 50% (prev 2.93%; Δ 1.02% > 0%) |
| Interest Coverage Ratio: 0.33 > 6 (EBIT TTM 19.5b / Interest Expense TTM 59.4b) |
| A: -0.56 (Total Current Assets 138b - Total Current Liabilities 1229b) / Total Assets 1954b |
| B: 0.06 (Retained Earnings 111b / Total Assets 1954b) |
| C: 0.01 (EBIT TTM 19.5b / Avg Total Assets 1885b) |
| D: 0.06 (Book Value of Equity 109b / Total Liabilities 1839b) |
| Altman-Z'' = -3.34 = D |
As of September 27, 2026, the stock is trading at EUR 12.57 with a total of 16,722,914 shares traded. Over the past week, the price has changed by +0.38%, over one month by -0.06%, over three months by +5.51% and over the past year by +47.99%.
Current recommended Stop Loss: 12.10 (which is 3.7% or 1.8 ATR below the current price).
Banco Santander S.A. has no consensus analysts rating.
P/E Trailing = 14.2364
P/E Forward = 10.2564
P/S = 3.7448
P/B = 1.673
P/EG = 0.9406
Revenue TTM = 74.4b EUR
EBIT TTM = 19.5b EUR
EBITDA TTM = 22.8b EUR
Long Term Debt = 348b EUR (from longTermDebt, last quarter)
Short Term Debt = 258b EUR (from shortTermDebt, last fiscal year)
Debt = 453b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.82b
Net Debt = -14.3b EUR (calculated: Debt 453b - CCE 467b)
Enterprise Value = 167b EUR (182b + Debt 453b - CCE 467b)
Interest Coverage Ratio = 0.33 (Ebit TTM 19.5b / Interest Expense TTM 59.4b)
EV/FCF = 2.16x (Enterprise Value 167b / FCF TTM 77.7b)
FCF Yield = 46.38% (FCF TTM 77.7b / Enterprise Value 167b)
FCF Margin = 104.5% (FCF TTM 77.7b / Revenue TTM 74.4b)
Net Margin = 21.84% (Net Income TTM 16.2b / Revenue TTM 74.4b)
Gross Margin = 63.93% ((Revenue TTM 74.4b - Cost of Revenue TTM 26.8b) / Revenue TTM)
Gross Margin QoQ = 78.27% (prev 41.30%)
Tobins Q-Ratio = 0.09 (Enterprise Value 167b / Total Assets 1954b)
Interest Expense / Debt = 13.11% (Interest Expense 59.4b / Debt 453b)
Taxrate = 24.56% (4.80b / 19.5b)
NOPAT = 14.7b (EBIT 19.5b * (1 - 24.56%))
Current Ratio = 0.11 (Total Current Assets 138b / Total Current Liabilities 1229b)
Debt / Equity = 4.14 (Debt 453b / totalStockholderEquity, last quarter 109b)
Debt / EBITDA = -0.63 (Net Debt -14.3b / EBITDA 22.8b)
Debt / FCF = -0.18 (Net Debt -14.3b / FCF TTM 77.7b)
Total Stockholder Equity = 105b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.86% (Net Income 16.2b / Total Assets 1954b)
RoE = 15.48% (Net Income TTM 16.2b / Total Stockholder Equity 105b)
RoCE = 4.31% (EBIT 19.5b / Capital Employed (Equity 105b + L.T.Debt 348b))
RoIC = 1.51% (NOPAT 14.7b / Invested Capital 979b)
WACC = 9.42% (E(182b)/V(634b) * Re(8.24%) + D(453b)/V(634b) * Rd(13.11%) * (1-Tc(0.25)))
Discount Rate = 8.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.43 | Cagr: -5.77%
[DCF] Terminal Value 74.59% ; FCFF base≈59.3b ; Y1≈67.9b ; Y5≈100.0b
[DCF] Fair Price = 88.26 (EV 1266b - Net Debt -14.3b = Equity 1280b / Shares 14.5b; r=9.42% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 99.23 | EPS CAGR: 16.17% | SUE: 0.0 | # QB: 0
Revenue Correlation: 28.33 | Revenue CAGR: 4.51% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.27 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+1.44% | Revisions=+40% | GrowthEPS=+15.8% | GrowthRev=+2.2%
EPS next Year (2027-12-31): EPS=1.27 | Chg30d=+1.93% | Revisions=+67% | GrowthEPS=+21.8% | GrowthRev=+8.9%
[Analyst] Revisions Ratio: +73% (up=8, down=0)