Executive Summary
Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide.
Snowflake
Fundamentals
Adequate balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Banco Santander's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.1%
BME:SAN
4.5%
ES Banks
-0.2%
ES Market
1 Year Return
-13.0%
BME:SAN
-22.2%
ES Banks
-3.2%
ES Market
SAN outperformed the Banks industry which returned -20.1% over the past year.
SAN underperformed the Market in Spain which returned -2% over the past year.
Share holder returns
| SAN | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | 4.5% | -0.2% |
| 30 Day | 5.0% | 7.7% | 3.4% |
| 90 Day | -6.1% | -5.5% | -2.2% |
| 1 Year | -10.3%-13.0% | -19.4%-22.2% | 0.07%-3.2% |
| 3 Year | 7.8%-3.8% | 1.8%-9.1% | 15.6%4.9% |
| 5 Year | -39.6%-51.2% | -42.4%-53.0% | 0.4%-18.6% |
Price Volatility Vs. Market
How volatile is Banco Santander's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand Banco Santander, S.A. (BME:SAN)3 months ago | Simply Wall St
What Kind Of Shareholder Owns Most Banco Santander, S.A. (BME:SAN) Stock?3 months ago | Simply Wall St
Is There Now An Opportunity In Banco Santander, S.A. (BME:SAN)?Valuation
Is Banco Santander undervalued based on future cash flows and its price relative to the stock market?
12%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Banco Santander's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Banco Santander's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Banco Santander is good value based on earnings compared to the ES Banks industry average.
Banco Santander is good value based on earnings compared to the Spain market.
Price Based on Expected Growth
Banco Santander is poor value based on expected growth next year.
Price Based on Value of Assets
Banco Santander is overvalued based on assets compared to the ES Banks industry average.
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Future Growth
How is Banco Santander expected to perform in the next 1 to 3 years based on estimates from 16 analysts?
8.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Banco Santander's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Banco Santander's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
Banco Santander's revenue growth is expected to exceed the Spain market average.
Banco Santander's earnings growth is positive but not above the Spain market average.
Banco Santander's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Earnings per Share Growth Estimates
Future Return on Equity
Banco Santander is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has Banco Santander performed over the past 5 years?
4.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Banco Santander's year on year earnings growth rate has been positive over the past 5 years.
Banco Santander's 1-year earnings growth exceeds its 5-year average (6.8% vs 4.8%)
Banco Santander's earnings growth has not exceeded the ES Banks industry average in the past year (6.8% vs 12.2%).
Return on Equity
Banco Santander has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Banco Santander used its assets more efficiently than the ES Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Banco Santander improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
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Financial Health
How is Banco Santander'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
Information is not available.
Information is not available.
Financial Institutions Analysis
Banco Santander has an acceptable proportion of non-loan assets held.
Banco Santander has a low allowance for bad loans.
Banco Santander's liabilities are made up of primarily low risk sources of funding.
Banco Santander's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
Loans at Banco Santander are broadly funded by customer deposits.
Banco Santander has a high level of bad loans (greater than 2%).
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Dividend
What is Banco Santander's current dividend yield, its reliability and sustainability?
6.29%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Banco Santander's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.03%).
Banco Santander's dividend is below the markets top 25% of dividend payers in Spain (5.35%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
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Management
What is the CEO of Banco Santander's salary, the management and board of directors tenure and is there insider trading?
3.4yrs
Average management tenure
CEO
José Antonio Álvarez Álvarez (59yo)
0yrs
Tenure
€9,001,000
Compensation
Mr. José Antonio Álvarez Álvarez has been Vice Chairman of Banco Santander, SA since January 15, 2019 and has been its Director since November 25, 2014 and also serves as its Chief Executive Officer. Mr. Á ...
CEO Compensation Analysis
José Antonio's remuneration is higher than average for companies of similar size in Spain.
José Antonio's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
Management Age and Tenure
3.4yrs
Average Tenure
53yo
Average Age
The tenure for the Banco Santander management team is about average.
Board Age and Tenure
4.8yrs
Average Tenure
59.5yo
Average Age
The tenure for the Banco Santander board of directors is about average.
Insider Trading
More shares have been bought than sold by Banco Santander individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 1 |
| Max Price | €4.22 |
| Entity | Individual |
| Shares | 1 |
| Max Price | €4.22 |
| Entity | Individual |
| Role | Chairman of the Board Group Executive Chairman |
| Shares | 1 |
| Max Price | €4.22 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Independent Non-executive Director |
| Shares | 889 |
| Max Price | €4.23 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Independent Non-executive Director |
| Shares | 67,680 |
| Max Price | €4.29 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Independent Non-executive Director |
| Shares | 923 |
| Max Price | €4.03 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | €3.81 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Independent Non-executive Director |
| Shares | 320,000 |
| Max Price | €3.95 |
| Entity | Individual |
| Shares | 1 |
| Max Price | €4.21 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Independent Non-executive Director |
| Shares | 1 |
| Max Price | €4.21 |
Ownership Breakdown
Management Team
Juan Manuel Cendoya Méndez de Vigo (52yo)
Senior EVP and Head of Communications
- Tenure: 0yrs
José Antonio García Cantera (53yo)
CFO, Head of Financial Division & Senior EVP
- Tenure: 0yrs
José Antonio Álvarez Álvarez (59yo)
CEO & Vice Chairman
- Tenure: 0yrs
- Compensation: €9.00m
Patricia de Sautuola y O'Shea (59yo)
Group Executive Chairman
- Tenure: 5yrs
- Compensation: €11.01m
Mónica López-Monís Gallego (49yo)
Group Chief Compliance Officer & Senior EVP
- Tenure: 4.6yrs
Jose Luis De Mora Gil-Gallardo (53yo)
Head of Corporate Development & Financial Planning
- Tenure: 4.7yrs
Sergio Gámez Martínez
Global Head of Shareholder & Investor Relations
- Tenure: 0yrs
Dirk Ludwig Marzluf (49yo)
Group Head of Technology & Operations
- Tenure: 1yrs
Michael Cleary
Co-President and Head of Consumer & Business Banking
- Tenure: 2.3yrs
José Francisco Doncel Razola (58yo)
Senior EVP and Group Head of Accounting & Financial Control
- Tenure: 0yrs
Board Members
Carlos Fernández González (53yo)
Independent Non-Executive Director
- Tenure: 4.8yrs
- Compensation: €266.00k
Rodrigo Echenique Gordillo (73yo)
Non-Executive Director
- Tenure: 30.9yrs
- Compensation: €5.10m
Larry Summers (64yo)
Chairman of International Advisory Board
- Tenure: 0yrs
Guillermo de la Dehesa Romero (78yo)
Non-Executive Director
- Tenure: 17.3yrs
- Compensation: €441.00k
José Antonio Álvarez Álvarez (59yo)
CEO & Vice Chairman
- Tenure: 0yrs
- Compensation: €9.00m
Bruce Carnegie-Brown (60yo)
Vice Chairman & Lead Independent Director
- Tenure: 4.6yrs
- Compensation: €732.00k
Francisco Javier Botín-Sanz de Sautuola y O’Shea (46yo)
Non-Independent Non-executive Director
- Tenure: 15.2yrs
- Compensation: €121.00k
Álvaro Antonio-Cardoso De Souza (71yo)
- Tenure: 1.5yrs
- Compensation: €148.00k
Patricia de Sautuola y O'Shea (59yo)
Group Executive Chairman
- Tenure: 5yrs
- Compensation: €11.01m
Belén Romana García (54yo)
Independent Non-Executive Director
- Tenure: 3.8yrs
- Compensation: €414.00k
Company Information
Banco Santander, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Banco Santander, S.A.
- Ticker: SAN
- Exchange: BME
- Founded: 1856
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €62.538b
- Shares outstanding: 16.61b
- Website: https://www.santander.com
Number of Employees
Location
- Banco Santander, S.A.
- Santander Group City
- Av. de Cantabria s/n
- Madrid
- Madrid
- 28660
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BCDR.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 1980 |
| SANTA | ENXTBR (Euronext Brussels) | Yes | Common Shares | BE | EUR | Jan 1980 |
| SANT | BIT (Borsa Italiana) | Yes | Common Shares | IT | EUR | Jan 1980 |
| BNC | LSE (London Stock Exchange) | Yes | Common Shares | GB | GBP | Jan 1980 |
| SAN N | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1980 |
| BSD2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1980 |
| SAN | BME (Bolsas y Mercados Espanoles) | Yes | Common Shares | ES | EUR | Jan 1980 |
| SANE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Jan 1980 |
| BSD2 | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Jan 1980 |
| SAN | WSE (Warsaw Stock Exchange) | Yes | Common Shares | PL | PLN | Jan 1980 |
| SAN | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Jan 1980 |
| BSDK | DB (Deutsche Boerse AG) | ADR EACH 1 REPR 1 ORD EUR0.50 | DE | EUR | Jul 1987 | |
| SAN | NYSE (New York Stock Exchange) | ADR EACH 1 REPR 1 ORD EUR0.50 | US | USD | Jul 1987 | |
| 0HLE | LSE (London Stock Exchange) | ADR EACH 1 REPR 1 ORD EUR0.50 | GB | USD | Jul 1987 | |
| SANTANDER | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 ADR | BR | BRL | Sep 2019 |
Biography
Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposit ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/16 20:45 |
| End of Day Share Price | 2019/09/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.