SNSE:BSANTANDER

Stock Analysis Report

Banco Santander-Chile

Executive Summary

Banco Santander-Chile provides commercial and retail banking products and services in Chile.


Snowflake Analysis

Established dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Banco Santander-Chile's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BSANTANDER's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.3%

BSANTANDER

-2.4%

CL Banks

-3.0%

CL Market


1 Year Return

-30.2%

BSANTANDER

-27.7%

CL Banks

-21.0%

CL Market

Return vs Industry: BSANTANDER underperformed the CL Banks industry which returned -27.6% over the past year.

Return vs Market: BSANTANDER underperformed the CL Market which returned -21.3% over the past year.


Shareholder returns

BSANTANDERIndustryMarket
7 Day-2.3%-2.4%-3.0%
30 Day-9.5%-4.7%-4.4%
90 Day-15.7%-9.8%-4.0%
1 Year-27.5%-30.2%-25.6%-27.7%-18.3%-21.0%
3 Year13.0%-0.3%15.6%4.7%1.3%-7.6%
5 Year45.0%15.0%56.8%27.8%15.8%-9.1%

Price Volatility Vs. Market

How volatile is Banco Santander-Chile's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Banco Santander-Chile undervalued compared to its fair value and its price relative to the market?

12.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BSANTANDER (CLP36.77) is trading above our estimate of fair value (CLP26.53)

Significantly Below Fair Value: BSANTANDER is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BSANTANDER is good value based on its PE Ratio (12.6x) compared to the Banks industry average (12.8x).

PE vs Market: BSANTANDER is poor value based on its PE Ratio (12.6x) compared to the CL market (12x).


Price to Earnings Growth Ratio

PEG Ratio: BSANTANDER is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BSANTANDER is overvalued based on its PB Ratio (2x) compared to the CL Banks industry average (1.4x).


Next Steps

Future Growth

How is Banco Santander-Chile forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSANTANDER's forecast earnings growth (9.5% per year) is above the savings rate (7.5%).

Earnings vs Market: BSANTANDER's earnings (9.5% per year) are forecast to grow slower than the CL market (13.2% per year).

High Growth Earnings: BSANTANDER's earnings are forecast to grow, but not significantly.

Revenue vs Market: BSANTANDER's revenue (14.5% per year) is forecast to grow faster than the CL market (5.5% per year).

High Growth Revenue: BSANTANDER's revenue (14.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSANTANDER's Return on Equity is forecast to be low in 3 years time (17.9%).


Next Steps

Past Performance

How has Banco Santander-Chile performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSANTANDER has high quality earnings.

Growing Profit Margin: BSANTANDER's current net profit margins (36.3%) are lower than last year (39.6%).


Past Earnings Growth Analysis

Earnings Trend: BSANTANDER's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: BSANTANDER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSANTANDER had negative earnings growth (-7.5%) over the past year, making it difficult to compare to the Banks industry average (6.2%).


Return on Equity

High ROE: BSANTANDER's Return on Equity (15.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Banco Santander-Chile's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: BSANTANDER has a low level of unsold assets or inventory.

Debt Coverage by Assets: BSANTANDER's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: BSANTANDER's level of assets compared to its equity is moderate.

Allowance for Bad Loans: BSANTANDER has a sufficient allowance for bad loans.

Low Risk Liabilities: BSANTANDER's liabilities are made up of primarily higher risk sources of funding.

Loan Level: BSANTANDER has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BSANTANDER has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: BSANTANDER has a high level of bad loans (2.05%)


Next Steps

Dividend

What is Banco Santander-Chile's current dividend yield, its reliability and sustainability?

5.13%

Current Dividend Yield


Dividend Yield vs Market

company5.1%marketbottom25%2.5%markettop25%6.0%industryaverage3.8%forecastin3Years5.5%

Current dividend yield vs market & industry

Notable Dividend: BSANTANDER's dividend (5.13%) is higher than the bottom 25% of dividend payers in the CL market (2.45%).

High Dividend: BSANTANDER's dividend (5.13%) is low compared to the top 25% of dividend payers in the CL market (5.98%).


Stability and Growth of Payments

Stable Dividend: BSANTANDER's dividends per share have been stable in the past 10 years.

Growing Dividend: BSANTANDER's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.5%), BSANTANDER's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BSANTANDER's dividends in 3 years are forecast to be covered by earnings (59.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Miguel Mata Huerta 0

1.9yrs

Tenure

0

Mr. Miguel Mata Huerta has been the Chief Executive Officer of Banco Santander-Chile since March 1, 2018, and serves as its General Manager. Mr. Huerta served as Deputy General Manager at Banco Santander-C ...


Leadership Team

NamePositionTenureCompensationOwnership
Claudio Melandri Hinojosa
Executive Chairman1.9yrsno datano data
Miguel Mata Huerta
CEO & GM1.9yrsno datano data
Ana Botin
President0yrsno datano data
Emiliano Muratore
Chief Financial Officer3.8yrsno datano data
Ricardo Jeffery
Director of Technology & Operations5.3yrsno datano data
Felipe Contreras Fajardo
Chief Accounting officer11.3yrsno datano data
Sergio Ávila Salas
Director of Administration & Costs4.9yrsno datano data
Robert Moreno Heimlich
Manager of Investor Relations0yrsno datano data
Cristian Kauer
General Counsel7.4yrsno datano data
Roberto Sapag
Corporate Communications & Sustainability Manager0yrsno datano data

4.9yrs

Average Tenure

Experienced Management: BSANTANDER's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Claudio Melandri Hinojosa
Executive Chairman1.9yrsno datano data
Juan Pedro Santa Maria Perez
Corporate Legal Director of the Group & Director7.6yrsno datano data
Oscar von Chrismar Carvajal
Alternate Director0yrsno datano data
Rodrigo Echenique Gordillo
Director0.9yrsno datano data
Lucía Santa Cruz Sutil
Director16.5yrsno datano data
Orlando Poblete Iturrate
Second Vice President of the Board1.9yrsno datano data
Rodrigo Vergara Montes
First Vice President of the Board1.6yrsno datano data
Ana Dorrego de Carlos
Director4.9yrsno datano data
Alfonso Gómez Morales
Independent Director1.9yrsno datano data
Félix de Vicente Mingo
Independent Director0yrsno datano data

1.9yrs

Average Tenure

66yo

Average Age

Experienced Board: BSANTANDER's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Banco Santander-Chile's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banco Santander-Chile
  • Ticker: BSANTANDER
  • Exchange: SNSE
  • Founded: 1977
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: CL$6.929t
  • Shares outstanding: 188.45b
  • Website: https://www.santander.cl

Number of Employees


Location

  • Banco Santander-Chile
  • Bandera 140
  • 20th Floor
  • Santiago
  • Region Metropolitana (Santiago)
  • Chile

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSACNYSE (New York Stock Exchange)ADR-EACH REPR 400 COM NPVUSUSDJan 1997
BSADB (Deutsche Boerse AG)ADR-EACH REPR 400 COM NPVDEEURJan 1997
BSANTANDERSNSE (Santiago Stock Exchange)YesCommon StockCLCLPJun 1997

Biography

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines. It also provides mutual funds, insurance and stock brokerage, foreign exchange, leasing, factoring, financial consulting, investment management, foreign trade and mortgage financing, treasury, and transactional services, as well as specialized services to finance projects for the real estate industry. In addition, the company offers short-term financing and fund raising, brokerage services, derivatives, securitization, and other tailor-made products. It serves individuals, small to middle-sized entities, companies, and large corporations, as well as universities, government entities, and local and regional governments. The company operates 380 branches, which include 266 under the Santander brand name, 46 under the Select brand name, 7 specialized branches for the middle market, and 21 as auxiliary and payment centers, as well as 910 ATMs. Banco Santander-Chile was founded in 1977 and is headquartered in Santiago, Chile. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 18:02
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.