Banco Santander, S.A.

OTCPK:BCDR.F Stock Report

Market Cap: US$73.6b

Banco Santander Valuation

Is BCDR.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BCDR.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BCDR.F ($4.67) is trading below our estimate of fair value ($9.3)

Significantly Below Fair Value: BCDR.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BCDR.F?

Key metric: As BCDR.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BCDR.F. This is calculated by dividing BCDR.F's market cap by their current earnings.
What is BCDR.F's PE Ratio?
PE Ratio5.9x
Earnings€11.75b
Market Cap€69.91b

Price to Earnings Ratio vs Peers

How does BCDR.F's PE Ratio compare to its peers?

The above table shows the PE ratio for BCDR.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
USB U.S. Bancorp
15.3x11.6%US$78.5b
PNC PNC Financial Services Group
17.4x12.9%US$82.5b
C Citigroup
19.4x30.6%US$128.9b
FITB Fifth Third Bancorp
15.3x8.1%US$31.7b
BCDR.F Banco Santander
5.9x-0.3%US$69.9b

Price-To-Earnings vs Peers: BCDR.F is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does BCDR.F's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
BCDR.F 5.9xIndustry Avg. 12.9xNo. of Companies80PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BCDR.F is good value based on its Price-To-Earnings Ratio (5.9x) compared to the US Banks industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is BCDR.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BCDR.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: BCDR.F is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BCDR.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.67
US$6.17
+32.3%
7.3%US$6.82US$5.07n/a21
Nov ’25US$4.88
US$6.22
+27.4%
7.3%US$6.87US$5.11n/a21
Oct ’25US$4.85
US$6.25
+28.7%
7.6%US$7.01US$5.23n/a22
Sep ’25US$4.95
US$6.18
+24.8%
7.5%US$6.94US$5.18n/a22
Aug ’25n/a
US$6.06
0%
7.4%US$6.81US$5.08n/a22
Jul ’25US$4.85
US$6.00
+23.8%
8.6%US$6.81US$4.65n/a22
Jun ’25n/a
US$5.95
0%
8.8%US$6.82US$4.66n/a22
May ’25US$5.05
US$5.65
+11.9%
7.6%US$6.36US$4.60n/a22
Apr ’25US$5.07
US$5.53
+9.1%
9.1%US$6.29US$4.12n/a22
Mar ’25US$4.16
US$5.43
+30.7%
9.2%US$6.02US$4.12n/a23
Feb ’25US$3.96
US$5.39
+36.3%
10.0%US$6.03US$3.91n/a23
Jan ’25US$3.96
US$5.39
+36.0%
10.3%US$6.07US$3.94n/a22
Dec ’24US$3.91
US$5.35
+36.8%
10.3%US$6.04US$3.92n/a22
Nov ’24US$3.70
US$5.19
+40.3%
11.2%US$6.23US$3.80US$4.8823
Oct ’24US$4.05
US$5.17
+27.7%
10.0%US$6.09US$4.06US$4.8523
Sep ’24n/a
US$5.30
0%
9.8%US$6.25US$4.16US$4.9524
Aug ’24US$4.00
US$5.27
+31.8%
10.2%US$6.26US$4.17n/a24
Jul ’24US$3.10
US$5.07
+63.6%
10.0%US$6.07US$4.17US$4.8521
Jun ’24US$3.15
US$4.92
+56.0%
12.4%US$5.94US$3.23n/a20
May ’24US$3.35
US$5.11
+52.6%
12.9%US$6.17US$3.32US$5.0520
Apr ’24US$3.47
US$5.03
+44.9%
12.0%US$6.01US$3.27US$5.0720
Mar ’24US$3.93
US$4.77
+21.5%
13.2%US$6.21US$3.21US$4.1620
Feb ’24US$3.60
US$4.40
+22.3%
14.6%US$5.65US$3.27US$3.9620
Jan ’24US$2.91
US$4.28
+47.2%
15.1%US$5.41US$3.20US$3.9619
Dec ’23US$3.05
US$4.12
+35.1%
16.0%US$5.27US$3.11US$3.9119
Nov ’23US$2.45
US$3.86
+57.5%
20.2%US$5.04US$1.63US$3.7019

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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