Banco Santander, S.A.

BME-SAN

Basic

Market Cap
€70.55B
EV
—
Shares Out
15.49B
Revenue
€50B
Employees
211,141

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
35.75%
Net
23.79%
FCF
-14.37%

Returns (5Yr Avg)

ROA
0.32%
ROTA
5.76%
ROE
5.49%
ROCE
—
ROIC
1.41%

Valuation (TTM)

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

Valuation (NTM)

Price Target
€5.58
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

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

Growth (CAGR)

Rev 3Yr
11.98%
Rev 5Yr
4.88%
Rev 10Yr
—
Dil EPS 3Yr
33.08%
Dil EPS 5Yr
12.17%
Dil EPS 10Yr
6.05%
Rev Fwd 2Yr
3.82%
EBITDA Fwd 2Yr
0.35%
EPS Fwd 2Yr
8.69%
EPS LT Growth Est
18%

Dividends

Yield
—
Payout
13.51%
DPS
€0.1
DPS Growth 3Yr
5.81%
DPS Growth 5Yr
-15.49%
DPS Growth 10Yr
-16.48%
DPS Growth Fwd 2Yr
21.96%

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	—
Interest Income On Investments						8,766	5,767	6,505	12,704	28,122	—
Interest Income, Total						57,318	46,132	46,976	71,918	105,823	—
Interest On Deposits						21,502	13,747	13,093	32,811	61,991	—
Interest Expense, Total						21,502	13,747	13,093	32,811	61,991	—
Net Interest Income						35,816	32,385	33,883	39,107	43,832	46,369
Income From Trading Activities						1,349	3,211	1,141	842	2,322	2,322
Gain (Loss) on Sale of Loans	—	—	—	—		308	-31	89	34	-3	-3
Gain (Loss) on Sale of Assets						1,059	-57	10	19	293	293
Gain (Loss) on Sale of Invest. & Securities						822	1,030	922	1,238	166	166
Income (Loss) on Equity Invest.						324	-96	432	702	613	613
Total Other Non Interest Income						10,598	7,761	9,918	10,187	10,449	13,154
Non Interest Income, Total						14,460	11,818	12,512	13,022	13,840	16,545
Revenues Before Provison For Loan Losses						50,276	44,203	46,395	52,129	57,672	62,914
Provision For Loan Losses						9,340	12,363	7,388	10,856	12,912	12,912
Total Revenues						40,936	31,840	39,007	41,273	44,760	50,002
Total Revenues % Chg.						4.1%	-22.2%	22.5%	5.8%	8.4%	16.5%
Salaries And Other Employee Benefits						12,141	10,783	11,216	12,547	13,726	13,726
Amort. of Goodwill & Intang. Assets	—	—	—	—		—	—	—	—	—	—
Occupancy Expense					—	3,001	2,810	2,756	2,985	3,184	3,184
Selling General & Admin Expenses, Total						7,616	7,000	6,885	7,812	7,945	7,945
Total Other Non Interest Expense						3,162	1,801	2,852	2,464	3,276	7,100
Non Interest Expense, Total						25,920	22,394	23,709	25,808	28,131	31,955
EBT, Excl. Unusual Items						15,016	9,446	15,298	15,465	16,629	18,047
Restructuring Charges	—	—	—	—	—	-864	-1,114	-530	—	—	—
Impairment of Goodwill					—	-1,491	-10,100	-6	—	-20	-20
Asset Writedown						-118	-316	-215	-215	-189	-189
Other Unusual Items	—	—	—	—		—	8	—	—	39	39
EBT, Incl. Unusual Items						12,543	-2,076	14,547	15,250	16,459	17,877
Income Tax Expense						4,427	5,632	4,894	4,486	4,276	4,876
Earnings From Continuing Operations						8,116	-7,708	9,653	10,764	12,183	13,001
Earnings Of Discontinued Operations		—	—	—	—	—	—	—	—	—	—
Minority Interest						-1,601	-1,063	-1,529	-1,159	-1,107	-1,107
Net Income						6,515	-8,771	8,124	9,605	11,076	11,894
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	11,402
Net Income to Common Excl. Extra Items						5,920	-9,323	7,558	9,076	10,584	11,402
Total Shares Outstanding						17,331.9	17,312.2	17,063	16,550.7	15,886.3	16,375.7
Weighted Avg. Shares Outstanding						17,059.2	17,316.3	17,272.1	16,848.3	16,172.1	16,220.4
Weighted Avg. Shares Outstanding Dil						17,096.7	17,316.3	17,321	16,903.7	16,247.3	16,261.7
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%	27.3%