Banco Santander SA Stock Analysis
| SAN Stock | USD 11.96 0.07 0.59% |
200 Day MA 10.7867 | 50 Day MA 11.7504 | Beta 0.962 |
Macro event markers
SAN is currently reading as aligned with model relative to an analyst target price of $11.72. The analysis below evaluates SAN against both fundamental value and technical price behavior. SAN's estimated value is a function of cash flow, margins, and growth trajectory — not current sentiment. Comparing financial performance with price action highlights where valuation signals align with or diverge from market behavior. For SAN, valuation multiples and leverage metrics are cross-referenced with price momentum to identify where signals converge or diverge.
Debt To Assets stood at 0.28 as of December 31, 2025. As of this month (April), Debt-to-Equity Ratio is 5.30 based on the most recent filings, while Long Term Debt is about 264.6 B. Banco Santander's ability to reduce leverage depends on free cash flow generation, not just earnings — non-cash charges can inflate reported income. Debt Ratio | First Reported 2010-12-31 | Previous Quarter 0.27884488 | Current Value 0.27884488 | Quarterly Volatility 0.06417365 |
Macro event markers
Banco Santander SA reported Net Income up $16.4 billion year-over-year, $14.1 billion in Net Income, and $7.5 billion in Net Income Applicable To Common Shares.
Banco |
Stock Analysis Notes
SAN has price-to-book ratio of 1.43. At this Price to Book (P/B), the stock trades at a discount to book that either reflects distressed fundamentals or potential undervaluation. SAN has Price/Earnings To Growth (PEG) ratio of 2.81. SAN had its last dividend issued on the 4th of May 2026. The firm completed a 2-for-1 stock split on 21st of June 1999. Banco Santander SA reported $0.01 in Intangibles To Total Assets, $1866.7 billion in Total Assets, and a Return On Assets of 0.7%.Retained Earnings | 109.53 Billion |
Investor Insights and Alerts
| Banco Santander SA generated a negative expected return over the last 90 days | |
| Banco Santander SA has high likelihood to experience some financial distress in the next 2 years | |
| Banco Santander SA has about 440.31 B in cash as of latest reporting with -14.84 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 26.25, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Banco Santander SA has a poor financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: Boyd Gaming Price Target Lowered to 96.00 at Mizuho |
Largest EPS Surprises
Earnings surprises can materially move Banco Santander's market value. Misses often reprice quickly; beats can support follow-through. For this stock, read EPS surprises with profitability quality and forward revisions.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-07-23 | 2019-06-30 | 0.12 | 0.1338 | 0.0138 | 11 | ||
2019-04-30 | 2019-03-31 | 0.14 | 0.1244 | -0.0156 | 11 | ||
2021-02-03 | 2020-12-31 | 0.0709 | 0.0889 | 0.018 | 25 |
Environmental, Social, and Governance (ESG) Scores
Reviewing Banco Santander's ESG trend shows whether governance quality and stakeholder risk are improving or declining. Trend direction often matters more than one isolated ESG reading taken out of context.
Thematic Classifications
Themes linked to Banco Santander SA are useful because they connect a single stock to a larger investable concept that can be researched and optimized as a group. The practical benefit is that this enables optimization around a trend, not just around one name that may or may not remain the best expression of that trend.
 | Giant ImpactPublic companies with mega capitalization |
Top Institutional Investors Holding Banco Stock
Institutions control about 3.11% of the share base. At large-cap scale, institutional coverage and secondary-market liquidity are typically well established. Institutional activity around Banco Santander SA shapes the liquidity and governance picture. Banco Santander SA holder concentration should be checked against volatility trends to see how ownership affects price during stressed markets.
| Shares | Clearbridge Advisors, Llc | 2025-12-31 | 9 M | Lazard Asset Management Llc | 2025-12-31 | 8.9 M | Todd Asset Management | 2025-12-31 | 7.6 M | Clark Capital Management Group Inc | 2025-12-31 | 7.2 M | Jpmorgan Chase & Co | 2025-09-30 | 5.9 M | Qrg Capital Management, Inc. | 2025-12-31 | 5.8 M | Arrowstreet Capital Limited Partnership | 2025-12-31 | 5.5 M | American Century Companies Inc | 2025-12-31 | 4.9 M | Teachers Retirement System Of The State Of Kentucky | 2025-12-31 | 4.9 M | Fisher Asset Management, Llc | 2025-12-31 | 96.9 M | Morgan Stanley - Brokerage Accounts | 2025-09-30 | 54.4 M |
Market Capitalization
Banco Santander SA market capitalization is 174.08 B, placing the company in the mega-cap tier across diversified banks. Associated fundamentals relevant to market cap include a workforce of about 192,241 people, about 14.41 B shares outstanding, and enterprise value near 154.15 B.Profitability
A profitability review of Banco Santander SA connects sales quality and cost control with the ability to produce steady returns across market cycles. The best read combines margin history with balance-sheet strength and pricing power under softer demand. SAN has Net Profit Margin of 30.0 %, which indicates that the company has room to navigate competitive or macro headwinds. This ranks above peers on this metric. In the same way, it shows Net Operating Margin of 44.0 %, which implies that the business converts $44.0 of every $100 in sales to operating income.| Last Reported | End Of Year Estimate | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.01 | 0.02 | |
| Return On Assets | 0.76% | 0.67% | |
| Return On Equity | 13.67% | 13.00% |
Management Efficiency
SAN has Return on Asset of 0.75 % meaning that the return on assets reflects $0.75 earned per $100 deployed. This is under-performing relative to the sector. In the same way, it shows a return on shareholders' equity (ROE) of 12.69 %, meaning that stockholder capital produced $12.69 on every $100 invested.| Last Reported | End Of Year Estimate | ||
| Book Value Per Share | 7.58 | 7.20 | |
| Tangible Book Value Per Share | 6.42 | 6.10 | |
| Enterprise Value Over EBITDA | 26.78 | 18.69 | |
| Price Book Value Ratio | 1.45 | 2.64 | |
| Enterprise Value Multiple | 26.78 | 18.69 | |
| Price Fair Value | 1.45 | 2.64 | |
| Enterprise Value | 39.4 B | 35 B |
Management quality at Banco Santander SA matters because strategic decisions eventually show up in margins, cash conversion, capital allocation, and the market's willingness to assign a premium multiple. The business currently sits in the Financial Services sector and the Banks—Diversified industry. Enterprise value (TTM) is near 154.15 Billion and annual revenue is around 119.89 Billion.
Operating Margin | Long Term Debt Total | Three Month Return -5.60 | Short Long Term Debt Total | Ten Year Return 144.08163 |
Technical Drivers
As of the 26th of April, Banco Santander trades at 11.96 per share. Key technical indicators include Downside Deviation of 2.75, mean deviation of 2.29, and Risk Adjusted Performance of 0.0112. The technical model evaluates historical price movement, trading volume, and volatility patterns to quantify trend strength. Current values are evaluated relative to sector peers and historical ranges.Price Movement Analysis - Bollinger Bands
This analysis covers thirty-eight data points across the selected time horizon. Bollinger Bands are a widely used volatility indicator developed by John Bollinger. The indicator consists of three lines. Banco Santander middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Banco Santander SA. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Insider Trading Activities
Insider disclosures for Banco Santander SA show how people closest to the business are behaving as market expectations change. At large-cap scale, institutional coverage and secondary-market liquidity are typically well established. These records work best as context, not as standalone buy-or-sell signals.
Nordstrom Michael N. over three weeks ago Acquisition by Nordstrom Michael N. of 257 shares of Banco Santander at 7.399 subject to Rule 16 b-3 | ||
Nordstrom Michael N. over a year ago Acquisition by Nordstrom Michael N. of 400 shares of Banco Santander at 7.37 subject to Rule 16 b-3 | ||
Nordstrom Michael N. over a year ago Acquisition by Nordstrom Michael N. of 257 shares of Banco Santander at 7.399 subject to Rule 16 b-3 |
Outstanding Bonds
Banco Santander SA may use bonds as part of its capital structure to fund operations, refinance liabilities, or support acquisitions and other long-duration investments. Longer-dated obligations can improve financing stability, but they also leave investors more exposed if the underlying business weakens before the debt matures.
| US05968LAK89 Corp BondUS05968LAK89 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| SANTAN 5294 18 AUG 27 Corp BondUS05964HAS40 | View | |
| SANTAN 4175 24 MAR 28 Corp BondUS05964HAQ83 | View | |
| SANTAN 1722 14 SEP 27 Corp BondUS05964HAN52 | View | |
| BANCO SANTANDER SA Corp BondUS05964HAM79 | View | |
| BANCO SANTANDER SA Corp BondUS05964HAJ41 | View | |
| BANCO SANTANDER SA Corp BondUS05964HAF29 | View |
Predictive Daily Indicators
For active positions in Banco Santander SA, intraday data shows when a move is gaining strength and when it is fading. They help with timing and trade management, but still need to match broader trend and volatility conditions.
Corporate Filings
6K | 24th of April 2026 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | |
6K | 23rd of April 2026 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | |
6K | 22nd of April 2026 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | |
| 20th of April 2026 Other Reports | ||
| 17th of April 2026 Other Reports | ||
6K | 16th of April 2026 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | |
6K | 15th of April 2026 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | |
6K | 14th of April 2026 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. |
Forecast Models
Forecast models for Banco Santander SA use past prices and returns to estimate how the stock may behave under similar conditions. Forecast models complement fundamental research by showing where price behavior supports or contradicts the thesis.Financial Strength and Earnings Quality Indicators
Banco Santander SA financial ratings play a critical role in determining how much Banco Santander have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for Banco Santander's borrowing costs.| Piotroski F Score | 4 | Poor | View |
| Beneish M Score | -2.43 | Unlikely Manipulator | View |
Debt to Cash Allocation
The debt-to-cash mix for Banco Santander helps explain how management balances flexibility and funding cost through a business cycle.
Total debt stands at approximately $496.64 B. Note however, debt can serve as one financing mechanism for Banco, though the impact on returns depends on execution and market conditions. Common Stock Shares Outstanding Over Time
Assets Financed by Debt
Debt finances 29.0% of SAN's total assets — a relatively low share of the asset base, though leverage can still appear elevated relative to peers when measured against equity rather than total assets.Banco Santander Debt Ratio | 29.0 |
Corporate Bonds Issued
Banco Short Long Term Debt Total
Short Long Term Debt Total | 521.47 Billion |
Stock Analysis Methodology
As a large-cap equity, Banco Santander diagnostic profile covers valuation ratios, fundamentals, and technical signals. Banco Santander operates in Diversified Banks within Banks - Diversified in Financial Services. Banco Santander trades at P/E of 4.82, P/B of 1.43. Banco Santander shows ROE (TTM) of 12.69% and net margin (TTM) of 30.11%.
Reported values for Banco Santander SA are derived from periodic company reporting and market reference feeds and standardized for analysis. Sell-side coverage, where present, supplements the data shown.
Editorial review and methodology oversight provided by: Rifka Kats, Member of Macroaxis Editorial Board
Current Banco Analyst Rating Consensus
| Target Price | Consensus | # of Analysts | |
| 11.72 | Hold | 2 | Odds |
Banco Santander SA current and past analyst recommendations are summarized from multiple research sources. It also summarizes the average analyst consensus. Most Banco analysts issue ratings four times a year at intervals of three months. These consensus estimates reflect the collective view of professional researchers monitoring Banco's financials.
Banco Stock Analysis Indicators
Diagnostics snapshot includes 21 indicators such as Begin Period Cash Flow, Total Stockholder Equity, Capital Lease Obligations.
| Begin Period Cash Flow | 192.2 B | |
| Total Stockholder Equity | 103.1 B | |
| Capital Lease Obligations | 1.8 B | |
| Property Plant And Equipment Net | 11.7 B | |
| Cash And Short Term Investments | 318.2 B | |
| Cash | 179.3 B | |
| 50 Day M A | 11.7504 | |
| Net Interest Income | 42.3 B | |
| Total Current Liabilities | 257.8 B | |
| Forward Price Earnings | 10.1215 | |
| Long Term Debt | 324.4 B | |
| Common Stock Shares Outstanding | 15.9 B | |
| Total Cashflows From Investing Activities | 534 M | |
| Tax Provision | 4.7 B | |
| Quarterly Earnings Growth Y O Y | 0.253 | |
| Accounts Payable | 2.5 B | |
| Net Debt | 317.3 B | |
| Other Operating Expenses | 101.2 B | |
| Non Current Assets Total | 1.7 T | |
| Liabilities And Stockholders Equity | 1.9 T | |
| Non Currrent Assets Other | 267.7 B |