Executive Summary
Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
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
Stable Share Price: SAN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.3%
SAN
1.7%
ES Banks
1.0%
ES Market
1 Year Return
-44.3%
SAN
-38.1%
ES Banks
-17.0%
ES Market
Return vs Industry: SAN underperformed the Spanish Banks industry which returned -38.1% over the past year.
Return vs Market: SAN underperformed the Spanish Market which returned -17% over the past year.
Shareholder returns
| SAN | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.3% | 1.7% | 1.0% |
| 30 Day | -9.8% | -10.0% | -2.9% |
| 90 Day | 6.9% | 4.7% | 3.5% |
| 1 Year | -43.1%-44.3% | -36.0%-38.1% | -14.3%-17.0% |
| 3 Year | -61.1%-64.3% | -61.1%-65.0% | -22.2%-29.4% |
| 5 Year | -59.8%-66.2% | -60.7%-67.6% | -18.7%-31.7% |
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
1 week ago | Simply Wall St
Banco Santander's (BME:SAN) Shareholders Are Down 71% On Their Shares2 months ago | Simply Wall St
Do Institutions Own Banco Santander, S.A. (BME:SAN) Shares?2 months ago | Simply Wall St
Should You Think About Buying Banco Santander, S.A. (BME:SAN) Now?Valuation
Is Banco Santander undervalued compared to its fair value and its price relative to the market?
0.4x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SAN (€2) is trading above our estimate of fair value (€0.76)
Significantly Below Fair Value: SAN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAN is unprofitable, so we can't compare its PE Ratio to the ES Banks industry average.
PE vs Market: SAN is unprofitable, so we can't compare its PE Ratio to the Spanish market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SAN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SAN's PB Ratio (0.4x) is in line with the ES Banks industry average.
Next Steps
Future Growth
How is Banco Santander forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
79.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.3%).
Earnings vs Market: SAN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SAN's is expected to become profitable in the next 3 years.
Revenue vs Market: SAN's revenue (2.2% per year) is forecast to grow slower than the Spanish market (5.9% per year).
High Growth Revenue: SAN's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAN's Return on Equity is forecast to be low in 3 years time (6.4%).
Next Steps
Past Performance
How has Banco Santander performed over the past 5 years?
-12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAN is currently unprofitable.
Growing Profit Margin: SAN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SAN is unprofitable, and losses have increased over the past 5 years at a rate of 12% per year.
Accelerating Growth: Unable to compare SAN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SAN is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-31.1%).
Return on Equity
High ROE: SAN has a negative Return on Equity (-6.86%), as it is currently unprofitable.
Next Steps
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
Financial Institutions Analysis
Asset Level: SAN's Assets to Equity ratio (17.1x) is moderate.
Allowance for Bad Loans: SAN has a low allowance for bad loans (70%).
Low Risk Liabilities: 71% of SAN's liabilities are made up of primarily low risk sources of funding.
Loan Level: SAN has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: SAN's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: SAN has a high level of bad loans (3.4%).
Next Steps
Dividend
What is Banco Santander current dividend yield, its reliability and sustainability?
4.98%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SAN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SAN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SAN is not paying a notable dividend for the Spanish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SAN's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Jose Antonio Alvarez Alvarez (60 yo)
no data
Tenure
€8,270,000
Compensation
Mr. Jose Antonio Alvarez Alvarez 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. A ...
CEO Compensation Analysis
Compensation vs Market: Jose Antonio's total compensation ($USD9.73M) is above average for companies of similar size in the Spanish market ($USD3.48M).
Compensation vs Earnings: Jose Antonio's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairwoman | 5.92yrs | €9.95m | 0.16% € 54.7m | |
| CEO & Vice Chairman | no data | €8.27m | 0.0095% € 3.1m | |
| Group Chief Financial Officer | no data | no data | no data | |
| Group Head of Technology & Operations | 1.92yrs | no data | no data | |
| Senior EVP and Group Head of Accounting & Financial Control | no data | no data | no data | |
| Head of Investment Banking | no data | no data | no data | |
| Global Head of Shareholder & Investor Relations | no data | no data | no data | |
| Group Chief Compliance Officer | 1.58yrs | no data | no data | |
| Senior EVP and Head of Communications | no data | no data | no data | |
| Group Head of Strategy and Corporate Development & Head of Santander Consumer Finance | 5.58yrs | no data | no data | |
| Group Head of General Secretariat & Human Resources and Board Secretary | no data | no data | no data | |
| Vice Chairman of Santander Totta - Portugal | 21.58yrs | no data | no data |
3.8yrs
Average Tenure
54yo
Average Age
Experienced Management: SAN's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairwoman | 5.92yrs | €9.95m | 0.16% € 54.7m | |
| CEO & Vice Chairman | no data | €8.27m | 0.0095% € 3.1m | |
| Head of Brazil | 0.33yr | no data | no data | |
| Non-Executive Director | 31.83yrs | €6.07m | 0.0089% € 3.0m | |
| Chairman of International Advisory Board | no data | no data | no data | |
| Independent Vice Chairman & Lead Independent Director | 5.5yrs | €700.00k | 0.00035% € 116.3k | |
| Non-Independent Non-executive Director | 16.08yrs | €137.00k | 0.032% € 10.6m | |
| Independent Non-Executive Director | 2.42yrs | €276.00k | no data | |
| Member of International Advisory Board | no data | €130.00k | no data | |
| Independent Non-Executive Director | 5.75yrs | €240.00k | 0.0036% € 1.2m | |
| Independent Non-Executive Director | 8.42yrs | €228.00k | 0.000040% € 13.3k | |
| Independent Non-Executive Director | 0.83yr | €34.00k | 0.000020% € 6.6k |
5.6yrs
Average Tenure
60.5yo
Average Age
Experienced Board: SAN's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SAN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Top Shareholders
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: €33.219b
- Shares outstanding: 16.59b
- 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 |
| SAN | BME (Bolsas y Mercados Espanoles) | Yes | Common Shares | ES | 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 * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1980 |
| BSD2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | 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 |
| SANTA | ENXTBR (Euronext Brussels) | Yes | Common Shares | BE | EUR | Jan 1980 |
| SAN | NYSE (New York Stock Exchange) | ADR EACH 1 REPR 1 ORD EUR0.50 | US | USD | Jul 1987 | |
| BSDK | DB (Deutsche Boerse AG) | ADR EACH 1 REPR 1 ORD EUR0.50 | DE | EUR | Jul 1987 | |
| 0HLE | LSE (London Stock Exchange) | ADR EACH 1 REPR 1 ORD EUR0.50 | GB | USD | Jul 1987 |
Biography
Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/11 21:11 |
| End of Day Share Price | 2020/08/11 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.