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Santander Bank Polska

LSE:0DVR
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0DVR
LSE
PLN41B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Santander Bank Polska S.A., together with its subsidiaries, provides various banking products and services. The last earnings update was 55 days ago. More info.


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0DVR Share Price and Events
7 Day Returns
0%
LSE:0DVR
3.1%
GB Banks
1%
GB Market
1 Year Returns
-
LSE:0DVR
-6.9%
GB Banks
1.6%
GB Market
0DVR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Santander Bank Polska (0DVR) 0% 5.9% 5.9% - 35.3% -2%
GB Banks 3.1% 3.6% 7.4% -6.9% 17.4% -11.6%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • No trading data on 0DVR.
  • No trading data on 0DVR.
Price Volatility
0DVR
Industry
5yr Volatility vs Market

Value

 Is Santander Bank Polska undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Santander Bank Polska to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Santander Bank Polska.

LSE:0DVR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= PLN284.33 * 11.4%
PLN32.29
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. PLN284.33
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0DVR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 7.1%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.591 (1 + (1- 19%) (73.67%))
0.962
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.962 * 7.14%)
8.1%

Discounted Cash Flow Calculation for LSE:0DVR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Santander Bank Polska is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0DVR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.4% – 8.1%) * PLN284.33)
PLN9.26
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PLN9.26 / (8.1% - 1.23%)
PLN134.76
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PLN284.33 + PLN134.76
PLN419.09
LSE:0DVR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0DVR represents 0.98443x of WSE:SPL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98443x
Value per Share
(Listing Adjusted, PLN)
= Value per Share (PLN) x Listing Adjustment Factor
= PLN 419.09 x 0.98443
PLN412.57
Value per share (PLN) From above. PLN412.57
Current discount Discount to share price of PLN392.00
= -1 x (PLN392.00 - PLN412.57) / PLN412.57
5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Santander Bank Polska is available for.
Intrinsic value
5%
Share price is PLN392 vs Future cash flow value of PLN412.57
Current Discount Checks
For Santander Bank Polska to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Santander Bank Polska's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Santander Bank Polska's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Santander Bank Polska's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Santander Bank Polska's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0DVR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN23.72
WSE:SPL Share Price ** WSE (2019-04-10) in PLN PLN398.2
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Santander Bank Polska.

LSE:0DVR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:SPL Share Price ÷ EPS (both in PLN)

= 398.2 ÷ 23.72

16.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Santander Bank Polska is overvalued based on earnings compared to the GB Banks industry average.
  • Santander Bank Polska is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Santander Bank Polska's expected growth come at a high price?
Raw Data
LSE:0DVR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
10.7%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:0DVR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.79x ÷ 10.7%

1.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Santander Bank Polska is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Santander Bank Polska's assets?
Raw Data
LSE:0DVR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN245.91
WSE:SPL Share Price * WSE (2019-04-10) in PLN PLN398.2
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:0DVR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:SPL Share Price ÷ Book Value per Share (both in PLN)

= 398.2 ÷ 245.91

1.62x

* Primary Listing of Santander Bank Polska.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Santander Bank Polska is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Santander Bank Polska's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Santander Bank Polska has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Santander Bank Polska expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Santander Bank Polska expected to grow at an attractive rate?
  • Santander Bank Polska's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Santander Bank Polska's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Santander Bank Polska's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0DVR Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0DVR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 10.7%
LSE:0DVR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 11.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0DVR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0DVR Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,093
2022-12-31 10,672 3,664 1
2021-12-31 10,721 3,311 7
2020-12-31 10,156 2,973 11
2019-12-31 9,506 2,578 10
LSE:0DVR Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 7,148 -8,629 2,365
2018-09-30 7,203 -9,376 2,118
2018-06-30 7,133 -6,774 2,183
2018-03-31 7,117 -4,145 2,199
2017-12-31 7,006 -4,196 2,213
2017-09-30 6,875 -2,812 2,125
2017-06-30 6,707 -2,896 1,991
2017-03-31 6,801 -3,384 2,063
2016-12-31 6,807 -8,680 2,167
2016-09-30 6,641 -12,061 1,983
2016-06-30 6,566 -14,704 2,030
2016-03-31 6,222 -14,100 1,848

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Santander Bank Polska's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Santander Bank Polska's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0DVR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Santander Bank Polska Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DVR Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 40.14 40.37 39.90 2.00
2022-12-31 35.91 36.91 34.33 3.00
2021-12-31 32.89 34.27 31.53 7.00
2020-12-31 29.26 30.34 27.89 8.00
2019-12-31 25.33 26.72 22.37 8.00
LSE:0DVR Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 23.72
2018-09-30 21.44
2018-06-30 21.97
2018-03-31 22.14
2017-12-31 22.29
2017-09-30 21.29
2017-06-30 20.07
2017-03-31 20.80
2016-12-31 21.84
2016-09-30 19.98
2016-06-30 20.45
2016-03-31 18.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Santander Bank Polska is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Santander Bank Polska's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Santander Bank Polska has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Santander Bank Polska performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Santander Bank Polska's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Santander Bank Polska's year on year earnings growth rate has been positive over the past 5 years.
  • Santander Bank Polska's 1-year earnings growth exceeds its 5-year average (6.9% vs 0.4%)
  • Santander Bank Polska's earnings growth has not exceeded the GB Banks industry average in the past year (6.9% vs 42.2%).
Earnings and Revenue History
Santander Bank Polska's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Santander Bank Polska Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DVR Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,147.58 2,365.22 3,538.95
2018-09-30 7,203.29 2,118.13 3,464.14
2018-06-30 7,132.96 2,182.59 3,349.87
2018-03-31 7,117.32 2,198.74 3,331.41
2017-12-31 7,005.65 2,213.05 3,224.78
2017-09-30 6,874.86 2,125.01 3,181.86
2017-06-30 6,707.40 1,991.04 3,223.49
2017-03-31 6,801.00 2,063.42 3,212.57
2016-12-31 6,806.71 2,166.85 3,178.98
2016-09-30 6,641.47 1,983.04 3,448.20
2016-06-30 6,565.50 2,029.83 3,430.85
2016-03-31 6,221.90 1,847.98 3,432.29
2015-12-31 6,702.78 2,327.27 3,430.27
2015-09-30 6,780.99 2,495.36 4,892.69
2015-06-30 6,843.31 2,538.54 4,226.53
2015-03-31 6,599.69 2,500.99 3,539.52
2014-12-31 5,700.49 1,914.71 2,838.43
2014-09-30 5,790.91 2,121.33 707.58
2014-06-30 5,578.54 2,142.81 657.20
2014-03-31 5,473.08 2,058.20 623.50
2013-12-31 5,345.80 1,982.33 608.25
2013-09-30 4,680.89 1,735.00 446.80
2013-06-30 4,231.85 1,532.36 430.29
2013-03-31 3,910.31 1,493.31 404.97
2012-12-31 3,624.17 1,433.85 391.15
2012-09-30 3,492.36 1,227.74 446.61
2012-06-30 3,502.52 1,237.86 446.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Santander Bank Polska has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Santander Bank Polska used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Santander Bank Polska improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Santander Bank Polska's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Santander Bank Polska has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Santander Bank Polska's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Santander Bank Polska's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Santander Bank Polska Company Filings, last reported 3 months ago.

LSE:0DVR Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 26,668.21 29,949.16 18,472.44
2018-09-30 24,546.88 27,637.42 12,413.70
2018-06-30 23,988.44 22,455.44 8,263.58
2018-03-31 23,765.60 19,247.11 8,020.88
2017-12-31 23,343.63 17,498.22 7,302.41
2017-09-30 22,655.94 16,982.67 4,625.02
2017-06-30 21,900.51 19,281.38 7,856.43
2017-03-31 21,691.39 16,760.66 5,348.57
2016-12-31 21,018.48 17,448.43 8,335.30
2016-09-30 20,773.97 15,727.72 5,287.03
2016-06-30 20,279.31 16,224.53 7,045.38
2016-03-31 21,293.77 14,562.65 6,128.61
2015-12-31 20,568.13 17,852.45 9,245.00
2015-09-30 19,913.89 18,330.61 6,878.55
2015-06-30 19,491.74 18,902.63 6,926.55
2015-03-31 19,137.64 18,436.93 8,090.16
2014-12-31 18,051.69 18,925.54 12,290.50
2014-09-30 17,676.65 17,147.53 7,271.02
2014-06-30 14,617.13 12,730.38 6,750.67
2014-03-31 14,875.57 12,968.99 9,893.17
2013-12-31 14,482.94 10,174.52 11,601.65
2013-09-30 13,747.13 15,197.16 6,585.07
2013-06-30 13,249.28 13,192.69 5,294.84
2013-03-31 13,818.03 12,212.90 5,284.86
2012-12-31 8,977.71 3,583.14 5,731.89
2012-09-30 8,404.49 3,782.98 2,953.11
2012-06-30 7,688.26 4,692.62 5,091.15
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Santander Bank Polska has an acceptable proportion of non-loan assets held.
  • Santander Bank Polska's liabilities are made up of primarily low risk sources of funding.
  • Loans at Santander Bank Polska are broadly funded by customer deposits.
  • Santander Bank Polska's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Santander Bank Polska has a low allowance for bad loans.
  • Santander Bank Polska has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Santander Bank Polska's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Santander Bank Polska has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Santander Bank Polska's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.78%
Current annual income from Santander Bank Polska dividends. Estimated to be 3.74% next year.
If you bought PLN2,000 of Santander Bank Polska shares you are expected to receive PLN16 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Santander Bank Polska's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Santander Bank Polska's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
Upcoming dividend payment

Purchase Santander Bank Polska before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0DVR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0DVR Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 19.00 4.00
2022-12-31 16.53 5.00
2021-12-31 15.37 9.00
2020-12-31 13.57 11.00
2019-12-31 13.11 8.00
LSE:0DVR Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-04-17 3.100 0.852
2017-04-26 5.400 1.465
2017-02-17 5.400 1.526
2017-01-25 5.400 1.551
2016-07-27 13.000 4.161
2016-04-27 0.000 0.000
2016-02-12 13.000 4.493
2016-01-27 0.000 0.000
2015-10-29 0.000 0.000
2015-07-30 0.000 0.000
2015-03-25 0.000 0.000
2014-02-27 10.700 2.884
2013-03-07 7.600 2.356
2013-01-31 7.600 2.845
2012-07-26 8.000 3.344
2012-02-29 8.000 3.468
2012-01-31 8.000 3.484
2011-03-01 8.000 3.545
2011-01-17 8.000 3.625
2010-03-02 4.000 1.987
2010-03-01 4.000 2.258
2009-11-12 0.000 0.000
2009-08-05 0.000 0.000
2009-05-14 0.000 0.000
2009-04-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Santander Bank Polska is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Santander Bank Polska is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Santander Bank Polska's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Santander Bank Polska's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Santander Bank Polska's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Santander Bank Polska afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Santander Bank Polska has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Santander Bank Polska's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michal Gajewski
COMPENSATION PLN2,865,000
TENURE AS CEO 2.4 years
CEO Bio

Mr. Michal Gajewski has been the President of Management Board and Chief Executive Officer at Santander Bank Polska SA (formerly Bank Zachodni WBK S.A.) since November 29, 2016. Mr. Gajewski serves as Head of Poland at Banco Santander, S.A. He served as Vice President and Member of the Management Board at Bank BGZ BNP Paribas S.A. He served as a Member of the Management Board at Bank Millennium Spolka Akcyjna from April 24, 2015 to May 13, 2016. Since 1992, he professionally related to banking. In 2012, he joined at Bank Millennium S.A. and served as Vice Chairman of the Management Board at bank BGZ S.A., where he was responsible for the retail business and SME banking. From 1992 to 2008, he was professionally related to WBK S.A. Capital Group and then BZWBK S.A., where he performed a number of functions, starting from a branch, through medium and higher management functions and served as Macroregional Director in the Retail Banking Division. Mr. Gajewski is a graduate of the Law Department at the Adam Mickiewicz University in Poznan. He also studied at the Northwestern University in Chicago and London Business School.

CEO Compensation
  • Michal's compensation has increased by more than 20% in the past year.
  • Michal's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Santander Bank Polska management team in years:

2.1
Average Tenure
  • The tenure for the Santander Bank Polska management team is about average.
Management Team

Michal Gajewski

TITLE
President of the Management Board & CEO
COMPENSATION
PLN3M
TENURE
2.4 yrs

Feliks Szyszkowiak

TITLE
Vice President of Management Board & Deputy CEO
COMPENSATION
PLN2M
TENURE
2.1 yrs

Andrzej Burliga

TITLE
Vice President of Management Board
COMPENSATION
PLN2M
AGE
51
TENURE
2.1 yrs

Michael McCarthy

TITLE
Vice President of Management Board
COMPENSATION
PLN3
AGE
52
TENURE
2.1 yrs

Spaniard de Porras Aguirre

TITLE
Vice President of Management Board
COMPENSATION
PLN3M
TENURE
2.1 yrs

Arkadiusz Przybyl

TITLE
Vice President of Management Board
COMPENSATION
PLN2M
TENURE
0.9 yrs

Maciej Reluga

TITLE
CFO, Chief Economist & Member of Management Board
COMPENSATION
PLN1M
TENURE
2.2 yrs

Carlos Polaino-Izquierdo

TITLE
Member of Management Board
COMPENSATION
PLN3M
TENURE
4 yrs

Dorota Strojkowska

TITLE
Member of Management Board
COMPENSATION
PLN1M
TENURE
2 yrs

Wojciech Skalski

TITLE
Director of Financial Accounting Area
Board of Directors Tenure

Average tenure and age of the Santander Bank Polska board of directors in years:

6
Average Tenure
54
Average Age
  • The tenure for the Santander Bank Polska board of directors is about average.
Board of Directors

Gerry Byrne

TITLE
Supervisory Board Chairman
AGE
62
TENURE
8 yrs

Jose De Mora Gil-Gallardo

TITLE
Deputy Chairman of the Supervisory Board
AGE
52
TENURE
3.3 yrs

Witold Jurcewicz

TITLE
Supervisory Board Member
TENURE
8 yrs

David Hexter

TITLE
Independent Member of Supervisory Board
AGE
69

Jerzy Surma

TITLE
Supervisory Board Member
TENURE
6.9 yrs

Danuta Dabrowska

TITLE
Supervisory Board Member
TENURE
5 yrs

John Power

TITLE
Supervisory Board Member
AGE
54
TENURE
17 yrs

Marynika Woroszylska-Sapieha

TITLE
Supervisory Board Member
TENURE
5 yrs

José Antonio Cantera

TITLE
Member of Supervisory Board
AGE
52
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Santander Bank Polska's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Santander Bank Polska has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Santander Bank Polska S.A., together with its subsidiaries, provides various banking products and services. The company’s Retail Banking segment provides savings products, consumer and mortgage loans, credit and debit cards, insurance and investment products, clearing services, foreign payments, and Western Union and private-banking services, as well as GSM phones top-ups. This segment also offers lending, deposits, cash management services, leasing, factoring, letters of credit, guarantees, and others for small and medium companies; asset management services; and insourcing services to retail customers. Its Business & Corporate Banking segment offers deposits, lending, cash management, leasing, factoring, trade financing, and guarantees for business entities, local governments, and the public sector. The company’s Global Corporate Banking segment provides transactional banking products; project finance, syndicated facilities, and bond issues; FX and interest rate risk management products; and underwriting and financing services for securities issues, financial advice, and brokerage activities. Its ALM and Centre segment offers liquidity, interest rate risk, and FX risk management services. The company’s Santander Consumer segment provides term deposits; car, cash, and installment loans; and credit cards, lease products, and insurance products related to loans products to individual and business customers. In addition, the company offers personal accounts, payment cards; home mortgages; mutual funds; bancassurance products; tourist/travel, motor, and home insurance policies; and online and mobile banking services. The company has approximately 1,000 branches and partner outlets in Poland. The company was formerly known as Bank Zachodni WBK S.A. and changed its name to Santander Bank Polska S.A. in September 2018. The company was founded in 1989 and is based in Warsaw, Poland. Santander Bank Polska S.A. operates as a subsidiary of Banco Santander S.A.

Details
Name: Santander Bank Polska S.A.
0DVR
Exchange: LSE
Founded: 1989
PLN40,651,563,051
102,088,305
Website: http://santander.pl
Address: Santander Bank Polska S.A.
al. Jana Pawla II 17,
Warsaw,
00-854,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE SPL Common Bearer Shares Warsaw Stock Exchange PL PLN 26. Jun 2001
DB BZI Common Bearer Shares Deutsche Boerse AG DE EUR 26. Jun 2001
LSE 0DVR Common Bearer Shares London Stock Exchange GB PLN 26. Jun 2001
WSE SP2 PLN10.00 SERIES M Warsaw Stock Exchange PL PLN 19. Dec 2017
Number of employees
Current staff
Staff numbers
15,357
Santander Bank Polska employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:17
End of day share price update: 2019/04/10 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.