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Banco Santander, S.A.
SAN · Price history
Price at last available close
$11.16
−$2.67 (-19.27%) 1M
2026-10-30
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Company & revenue
About Banco Santander, S.A.
Primary reporting period: 2025-12-31 · Research updated Oct 5, 2026. A research update is not a new financial filing.
Who they are
Banco Santander, S.A. operates as a global financial institution, delivering a comprehensive suite of retail and commercial banking products and services. It caters to a diverse clientele, including individual consumers, small and medium-sized enterprises (SMEs), and major corporations across the world. The bank's extensive offerings encompass various deposit options, such as checking, savings, and fixed-term accounts.
How they make money
Banco Santander operates as a diversified financial group providing retail and commercial banking, corporate and investment banking, wealth management, and insurance services. It generates revenue primarily through net interest income from lending activities and net fee income from financial services, payments, and asset management.
Products & services
Retail and commercial banking, corporate and investment banking (including global transaction banking and markets), wealth management, insurance, and payment services.
Brands & revenue mix
Primary global banking brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
The group maintains a diversified customer base across its global footprint, with no single customer concentration disclosed for the period ended 2025-12-31.
Suppliers, materials & equipment
- Cloud service providers — The company utilizes cloud infrastructure providers for its technological operations; specific supplier names are unnamed.Source
Business relationships & partnerships
- Verizon — Strategic partnership in the United States to support banking and financial services.Source
Competitors
- Erste Group Bank — Competitor in European banking markets.Source
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 44.5% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
53
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
41
Weak
Financial Strength
31
Business Quality / Moat
69
Management
37
Growth Quality
9
Risk / Durability
61
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
68
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
57/100
Building Historical Record
Model Score 57/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Elevated debt risk
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for SAN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving SAN's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can SAN fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is SAN's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is SAN's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of SAN's score?
Essential Investment Snapshot
Wall Street Score
53
Opportunity Score
68
Market Cap
$162.33B
P/E Ratio
10.0
EPS
$1.17
52-Week High
$15.05
52-Week Low
$9.96
Beta
0.94
Intrinsic Value
$36.32
Analyst Target
$3.00
Shares Outstanding
15.93B
Total Revenue
$100.55B
Total Debt
$502.16B
Reported Dividend Yield
2.17%
Liquidation Value / Share
$8.10
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for SAN
Detected from reported data — verify before acting.Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
Community Sentiment
0 active · 0 total callsNo personal call yet on SAN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global scale combined with local leadership.
- +Diversified geographic footprint.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Market, structural and liquidity risk.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
51
Oct 19, 2026
Change
+2.0
points
Current Score
53
Oct 28, 2026
Category Changes
SAN increased 2 points because Capital improved by 2 points.
Positive Contributors
- + Capital improved by 2 points
Projected Score
Projected Score
51
Projected Change
-1.6 points
Preliminary comparable-period financial changes suggest decline of approximately 1.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $1.17 · Growth assumption: 0.0% · Earnings multiplier: 8.5×.
Current Price
$11.16
Model Intrinsic Value
$36.32
Difference
−$25.16
-69.3% vs IV
Margin of Safety
69.3%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $100.55B | $133.59B | $144.75B | $135.79B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $48.02B | $80.09B | $87.71B | $83.46B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $52.53B | $53.50B | $57.05B | $52.33B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $20.79B | $23.99B | $24.72B | $24.15B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $31.62B | $32.69B | $35.85B | $33.99B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $23.57B | $24.36B | $24.87B | $21.89B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $20.92B | $20.82B | $21.20B | $18.34B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $33.29B | $66.15B | $73.62B | $69.07B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $20.92B | $20.82B | $21.20B | $18.34B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $5.17B | $5.26B | $5.89B | $4.76B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $17.59B | $15.71B | $14.01B | $12.34B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.17 | $0.98 | $0.86 | $0.72 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 14.68B | 15.50B | 15.50B | 16.17B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 14.68B | 15.93B | 15.57B | 16.25B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$37.31B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.27
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+44.5%
Cash Change
-52.2%
Margin Change
-13.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth. Pressure indicators included cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 133.6%. EPS increased 9.1%. Cash declined 52.2%. Total debt increased 44.5%. Net income margin declined by 13.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Banco Santander, S.A. $SAN Position Increased by Tompkins Financial Corp
A Look at Banco Santander SA (SAN) After 0.2% Decline -- GF Value $6.64 vs Price $14.19
Rumor Mill · SAN
Corporate developments & opportunities
No reviewed developments match this filter.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
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