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BSAC

Banco Santander-ChileNYSE:BSAC Stock Report

Last Price

CL$19.19

Market Cap

CL$9.0b

7D

1.2%

1Y

-12.9%

Updated

19 Jan, 2022

Data

Company Financials +
BSAC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends6/6

BSAC Stock Overview

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile.

Banco Santander-Chile Competitors

Bank of America

NYSE:BAC

US$375.1b

Wells Fargo

NYSE:WFC

US$215.9b

Citigroup

NYSE:C

US$127.5b

HSBC Holdings

LSE:HSBA

UK£102.6b

Price History & Performance

Summary of all time highs, changes and price drops for Banco Santander-Chile
Historical stock prices
Current Share PriceCL$19.19
52 Week HighCL$26.15
52 Week LowCL$15.37
Beta0.49
1 Month Change20.54%
3 Month Change5.27%
1 Year Change-12.85%
3 Year Change-39.65%
5 Year Change-13.01%
Change since IPO106.62%

Recent News & Updates

Jun 09

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

Apr 30

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

Oct 30

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

BSACUS BanksUS Market
7D1.2%-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

Is BSAC's price volatile compared to industry and market?
BSAC volatility
BSAC Average Weekly Movement6.9%
Banks Industry Average Movement3.8%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
197710,470Miguel Mata Huertahttps://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

How do Banco Santander-Chile's earnings and revenue compare to its market cap?
BSAC fundamental statistics
Market CapCL$7.31t
Earnings (TTM)CL$750.05b
Revenue (TTM)CL$1.83t

9.7x

P/E Ratio

2.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSAC income statement (TTM)
RevenueCL$1.83t
Cost of RevenueCL$24.29b
Gross ProfitCL$1.81t
ExpensesCL$1.06t
EarningsCL$750.05b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 03, 2022

Earnings per share (EPS)3.98
Gross Margin98.67%
Net Profit Margin40.99%
Debt/Equity Ratio822.2%

How did BSAC perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

41%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:36
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.