| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 6/6 |
BSAC Stock Overview
Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile.
Rewards
Risk Analysis
No risks detected for BSAC from our risk checks.
Banco Santander-Chile Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CL$19.19 |
| 52 Week High | CL$26.15 |
| 52 Week Low | CL$15.37 |
| Beta | 0.49 |
| 1 Month Change | 20.54% |
| 3 Month Change | 5.27% |
| 1 Year Change | -12.85% |
| 3 Year Change | -39.65% |
| 5 Year Change | -13.01% |
| Change since IPO | 106.62% |
Recent News & Updates
Santander Chile is back in Swiss market with CHF150M senior notes
Santander Chile ([[BSAC]] +1.7%) ([[SAN]] +2.0%) moves to international markets and successfully issues CHF150M senior notes due in 2027, with a spread of 62 basis points above the mid-swap, which is equivalent to a coupon of 0.33%. This issue signifies a return of the Bank to the international public debt market since January 2020 and is the first operation of Santander Chile in Switzerland since August 2019. For Emiliano Muratore, CFO, “this new issuance reflects the good position in the international scenario. Despite the
Banco Santander-Chile EPS beats by $0.11
Banco Santander-Chile (BSAC): Q1 GAAP EPS of $0.54 beats by $0.11.NII up 11.0% Y/Y, driven by inflation and lower cost of funds.Press release
Banco Santander-Chile reports Q3 results
Banco Santander-Chile (BSAC): Q3 GAAP EPS of Ch$0.56.Revenue (Net interest income) of Ch$381.57B (+9.7% Y/Y).Press Release
Shareholder Returns
| BSAC | US Banks | US Market | |
|---|---|---|---|
| 7D | 1.2% | -5.8% | -4.6% |
| 1Y | -12.9% | 28.1% | 7.7% |
Return vs Industry: BSAC underperformed the US Banks industry which returned 29.3% over the past year.
Return vs Market: BSAC underperformed the US Market which returned 10.2% over the past year.
Price Volatility
| BSAC volatility | |
|---|---|
| BSAC Average Weekly Movement | 6.9% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: BSAC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: BSAC's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1977 | 10,470 | Miguel Mata Huerta | https://banco.santander.cl |
Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Corporate Investment Banking segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
Banco Santander-Chile Fundamentals Summary
| BSAC fundamental statistics | |
|---|---|
| Market Cap | CL$7.31t |
| Earnings (TTM) | CL$750.05b |
| Revenue (TTM) | CL$1.83t |
9.7x
P/E Ratio2.2x
P/B RatioIs BSAC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BSAC income statement (TTM) | |
|---|---|
| Revenue | CL$1.83t |
| Cost of Revenue | CL$24.29b |
| Gross Profit | CL$1.81t |
| Expenses | CL$1.06t |
| Earnings | CL$750.05b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 03, 2022
| Earnings per share (EPS) | 3.98 |
| Gross Margin | 98.67% |
| Net Profit Margin | 40.99% |
| Debt/Equity Ratio | 822.2% |
How did BSAC perform over the long term?
See historical performance and comparisonDividends
4.2%
Current Dividend Yield41%
Payout RatioValuation
Is Banco Santander-Chile undervalued compared to its fair value and its price relative to the market?
39.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BSAC ($19.19) is trading below our estimate of fair value ($31.9)
Significantly Below Fair Value: BSAC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BSAC is good value based on its PE Ratio (9.7x) compared to the US Banks industry average (11.2x).
PE vs Market: BSAC is good value based on its PE Ratio (9.7x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: BSAC is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: BSAC is overvalued based on its PB Ratio (2.2x) compared to the US Banks industry average (1.2x).
Future Growth
How is Banco Santander-Chile forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
6.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BSAC's forecast earnings growth (6.1% per year) is above the savings rate (2%).
Earnings vs Market: BSAC's earnings (6.1% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: BSAC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BSAC's revenue (8.4% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: BSAC's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BSAC's Return on Equity is forecast to be low in 3 years time (18.1%).
Past Performance
How has Banco Santander-Chile performed over the past 5 years?
4.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSAC has high quality earnings.
Growing Profit Margin: BSAC's current net profit margins (41%) are higher than last year (31.8%).
Past Earnings Growth Analysis
Earnings Trend: BSAC's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: BSAC's earnings growth over the past year (61.7%) exceeds its 5-year average (4.1% per year).
Earnings vs Industry: BSAC earnings growth over the past year (61.7%) exceeded the Banks industry 43.7%.
Return on Equity
High ROE: Whilst BSAC's Return on Equity (22.5%) is high, this metric is skewed due to their high level of debt.
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
Financial Institutions Analysis
Asset Level: BSAC's Assets to Equity ratio (18.8x) is moderate.
Allowance for Bad Loans: BSAC has a low allowance for bad loans (64%).
Low Risk Liabilities: 54% of BSAC's liabilities are made up of primarily higher risk sources of funding.
Loan Level: BSAC has an appropriate level of Loans to Assets ratio (55%).
Low Risk Deposits: BSAC's Loans to Deposits ratio (125%) is appropriate.
Level of Bad Loans: BSAC has a high level of bad loans (4.5%).
Dividend
What is Banco Santander-Chile current dividend yield, its reliability and sustainability?
4.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BSAC's dividend (4.25%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: BSAC's dividend (4.25%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: BSAC's dividends per share have been stable in the past 10 years.
Growing Dividend: BSAC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.4%), BSAC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BSAC's dividends in 3 years are forecast to be well covered by earnings (46.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Miguel Mata Huerta
3.83yrs
Tenure
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-Ch...
Leadership Team
Experienced Management: BSAC's management team is seasoned and experienced (6.2 years average tenure).
Board Members
Experienced Board: BSAC's board of directors are considered experienced (6.8 years average tenure).
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 employee growth, exchange listings and data sources
Key Information
- Name: Banco Santander-Chile
- Ticker: BSAC
- Exchange: NYSE
- Founded: 1977
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: CL$7.312t
- Listing Market Cap: CL$9.013b
- Shares outstanding: 188.45b
- Website: https://banco.santander.cl
Number of Employees
Location
- Banco Santander-Chile
- Bandera 140
- 20th Floor
- Santiago de Chile
- Region Metropolitana (Santiago)
- Chile
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:36 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.