Banco Santander, S.A. (SAN)
Financials · NYQ
Price as at 1 Oct 2026, 00:54 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Banco Santander, S.A. trades at $13.83, which is 117% below the $29.99 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 52 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
SAN dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.147 | 1 |
| 2025 | $0.124 | 1 |
| 2024 | $0.215 | 2 |
| 2023 | $0.148 | 2 |
| 2022 | $0.113 | 2 |
| 2021 | $0.089 | 2 |
| 2019 | $0.257 | 3 |
| 2018 | $0.260 | 4 |
| 2017 | $0.240 | 4 |
| 2016 | $0.223 | 4 |
| 2015 | $0.458 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
SAN earnings and analyst estimates
Recommendation mix, 3 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Banco Santander, S.A.
Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services. The company also provides credit and debit cards, real estate loans, microfinance, and auto loans; corporate and investment banking services; advice on mergers and acquisitions; wealth, asset, and risk management services; and digital payments and technology solutions. In addition, it is involved in the securitization, leasing, management of portfolios, e-commerce, air transport, aircraft rental, software, consulting, fund and investment management, renewable energy, vehicle rental, insurance, advertising, marketing, telemarketing, automotive, agricultural, factoring, securities brokerage and investment, pension fund management, trade intermediary, venture capital fund, renting, restaurant, electricity production, IT, internet, and financial advisory and other activities; management, and other real estate activities; and purchase and sale of vehicles. Further, the company offers mobile and online banking services. Banco Santander, S.A. was formerly known as Banco Santander Central Hispano SA and changed its name to Banco Santander, S.A. in February 2007. The company was incorporated in 1856 and is headquartered in Madrid, Spain.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
SAN passes 5 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
7 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Fisher, Fisher Asset Management, LLC$453.82M · 0.1% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$38.87M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$5.82M · 0.0% of book
- Capital Research Global, Capital Research Global Investors$2.65M · 0.0% of book
- Steve Cohen, Point72 Asset Management, L.P.$1.62M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in SAN
We hold 9 disclosed trades in SAN by members of Congress and executive-branch officials. The latest 5:
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 9 Jun 2026 · disclosed 2 Jul 2026
- Alan Armstrong · SenateBuy · $1,001 - $15,000 · traded 31 Mar 2026 · disclosed 21 Jul 2026
- Alan Armstrong · SenateBuy · $15,001 - $50,000 · traded 30 Mar 2026 · disclosed 21 Jul 2026
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 3 Feb 2026 · disclosed 13 Feb 2026
- Daniel Goldman · HouseSell · $50,001 - $100,000 · traded 10 Jul 2023 · disclosed 13 Aug 2023
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
SAN peers
The largest companies in the same industry (Banks - Diversified), then in the same sector.
- JPM JPMorgan Chase & Co.
- BAC Bank of America Corporation
- HSBA.L HSBC Holdings plc
- RY Royal Bank of Canada
- TD The Toronto-Dominion Bank
- UBS UBS Group AG
- SMFNF Sumitomo Mitsui Financial Group, Inc.
- BBVA Banco Bilbao Vizcaya Argentaria, S.A.
Every financials company we cover is on the Financials hub.
Common questions
Is Banco Santander, S.A. (SAN) undervalued?
Against our fair value estimate of $29.99, SAN at $13.83 is 117% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own SAN?
7 of the institutions we track reported a position in SAN in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is SAN's P/E ratio?
SAN trades at 13.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Banco Santander, S.A. (SAN) pay a dividend?
Yes. Banco Santander, S.A. yields 2.04% at the current share price. It has paid $0.147 per share over the trailing twelve months. It has paid a dividend in each of the last 5 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its SAN data?
Fundamentals for SAN come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 00:54 UTC and is delayed. Our data quality score for this company is 88/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for SAN, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.