Banco Santander, S.A.

BME-SAN

Basic

Market Cap
€65.64B
EV
—
Shares Out
15.16B
Revenue
€46.01B
Employees
211,141

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
37.4%
Net
24.68%
FCF
-14.37%

Returns (5Yr Avg)

ROA
0.31%
ROTA
5.5%
ROE
5.25%
ROCE
—
ROIC
1.41%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
€5.55
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-€69.21B
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
11.39%
Rev 5Yr
3.18%
Rev 10Yr
—
Dil EPS 3Yr
6.65%
Dil EPS 5Yr
10.12%
Dil EPS 10Yr
6.19%
Rev Fwd 2Yr
4.07%
EBITDA Fwd 2Yr
0.35%
EPS Fwd 2Yr
9.02%
EPS LT Growth Est
18%

Dividends

Yield
—
Payout
26.05%
DPS
€0.18
DPS Growth 3Yr
11.34%
DPS Growth 5Yr
-1.19%
DPS Growth 10Yr
-11.17%
DPS Growth Fwd 2Yr
22.75%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans						48,552	40,365	40,471	59,214	77,701	80,943
Interest Income On Investments						8,766	5,767	6,505	12,704	28,122	30,264
Interest Income, Total						57,318	46,132	46,976	71,918	105,823	111,207
Interest On Deposits						21,502	13,747	13,093	32,811	61,991	65,758
Interest Expense, Total						21,502	13,747	13,093	32,811	61,991	65,758
Net Interest Income						35,816	32,385	33,883	39,107	43,832	45,449
Income From Trading Activities						1,349	3,211	1,141	842	2,322	1,884
Gain (Loss) on Sale of Loans	—	—	—	—		308	-31	89	34	-3	-39
Gain (Loss) on Sale of Assets						1,059	-57	10	19	293	254
Gain (Loss) on Sale of Invest. & Securities						822	1,030	922	1,238	166	993
Income (Loss) on Equity Invest.						324	-96	432	702	613	610
Total Other Non Interest Income						10,598	7,761	9,918	10,187	10,449	9,594
Non Interest Income, Total						14,460	11,818	12,512	13,022	13,840	13,296
Revenues Before Provison For Loan Losses						50,276	44,203	46,395	52,129	57,672	58,745
Provision For Loan Losses						9,340	12,363	7,388	10,856	12,912	12,734
Total Revenues						40,936	31,840	39,007	41,273	44,760	46,011
Total Revenues % Chg.						4.1%	-22.2%	22.5%	5.8%	8.4%	10.3%
Salaries And Other Employee Benefits						12,141	10,783	11,216	12,547	13,726	14,075
Amort. of Goodwill & Intang. Assets	—	—	—	—		—	—	—	—	—	—
Occupancy Expense					—	3,001	2,810	2,756	2,985	3,184	3,223
Selling General & Admin Expenses, Total						7,616	7,000	6,885	7,812	7,945	7,958
Total Other Non Interest Expense						3,162	1,801	2,852	2,464	3,276	3,266
Non Interest Expense, Total						25,920	22,394	23,709	25,808	28,131	28,522
EBT, Excl. Unusual Items						15,016	9,446	15,298	15,465	16,629	17,489
Restructuring Charges	—	—	—	—	—	-864	-1,114	-530	—	—	—
Impairment of Goodwill					—	-1,491	-10,100	-6	—	-20	-20
Asset Writedown						-118	-316	-215	-215	-189	-298
Other Unusual Items	—	—	—	—		—	8	—	—	39	39
EBT, Incl. Unusual Items						12,543	-2,076	14,547	15,250	16,459	17,210
Income Tax Expense						4,427	5,632	4,894	4,486	4,276	4,777
Earnings From Continuing Operations						8,116	-7,708	9,653	10,764	12,183	12,433
Earnings Of Discontinued Operations		—	—	—	—	—	—	—	—	—	—
Minority Interest						-1,601	-1,063	-1,529	-1,159	-1,107	-1,076
Net Income						6,515	-8,771	8,124	9,605	11,076	11,357
Preferred Dividend and Other Adjustments						595	552	566	529	492	492
Net Income to Common Incl Extra Items						5,920	-9,323	7,558	9,076	10,584	10,865
Net Income to Common Excl. Extra Items						5,920	-9,323	7,558	9,076	10,584	10,865
Total Shares Outstanding						17,331.9	17,312.2	17,063	16,550.7	15,886.3	15,715
Weighted Avg. Shares Outstanding						17,059.2	17,316.3	17,272.1	16,848.3	16,172.1	16,081.2
Weighted Avg. Shares Outstanding Dil						17,096.7	17,316.3	17,321	16,903.7	16,247.3	16,156.4
EPS						0.3	-0.5	0.4	0.5	0.7	0.7
EPS Diluted						0.3	-0.5	0.4	0.5	0.7	0.7
Effective Tax Rate						35.3%	-271.3%	33.6%	29.4%	26%	27.8%