Banco Santander stock
SAN.MCBMEBanco Santander, S.A., Financial ServicesISIN ES0113900J37
67Score 67 out of 100, Neutral
Price and trend
62 / 100
Price history
+16% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 1.9% below it.
Since January 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 44).
The price is 14% below its 52-week high. Largest decline in 20 years: 88% (December 2007 to September 2020).
Chart figures for advanced users
- SMA 50$13.21
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$12.51
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)44
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$9.72
- The lowest closing price of the last twelve months.
- Resistance$14.35
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Banco Santander, S.A. belongs to the Banks (Diversified) industry (Spain) and, with a market value of $178.59B, is number 13 of 33 companies in its industry on MEQIRI.
- In fiscal 2025 it earned $15.63B (up 12.1% year on year).
- For fiscal 2026, analysts expect on average adjusted earnings per share of $1.16 (up 18.2%).
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- MEQIRI Score 67 out of 100 (Neutral): rank 542 of 975 in Financial Services, median 68.
- The P/E is 11.6 (Banks (Diversified) median 11.9, own median of recent years 7.9).
- Our model puts fair value at $18.61, with the price 34% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Share buybacksShare count down 14% since 2020.Capital allocation 81
- Below fair valuePrice 34% below the fair value of $18.61.Valuation 91
- Analysts expect strong earnings growthUp 15.5% a year through 2028 (estimates from 15 analysts).Growth 50
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are valuation and capital allocation.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among the 100 largest stocks.
From 2016 to 2025, 7 in 100 such stocks fell 30% or more within a year, against a group average of 9 in 100.
What lowers it
- solid fundamentals
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $14.32 and expensive above $26.59 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $24.60 (excess return model) and $12.63 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8%. At 9% the fair value would be $16.56, at 7% it would be $21.69.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (11.9).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 6% on the twelve months before. Revenue has grown solidly since 2006, at about 5% per year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 31%, net 23%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 3 Feb 2027in 82 days
- Last reported
- 28 Oct 2026EPS reported $0.28 (expected $0.26)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $1.16+0.9%
- Revenue
- $70.5B−0.6%
- Earnings per share
- $1.38−0.6%
- Revenue
- $76.87B−0.2%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −6.7%Santander expects to clearly exceed its previous 2026 profit guidance of more than 14.1 billion euros, now targeting above 15 billion euros in net profit, and expects its CET1 capital ratio to end the year above the 12.8% target.
“As a result, profit grew 14% year-on-year in constant euros, putting us in a very strong position to exceed our guidance of more than EUR 14.1 billion profit in 2026, excluding M&A.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 28 Oct 2026 (fiscal Q3 2026), read by AI.
What happened at Banco Santander
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
975 rated companies in Financial Services
- This company
- 67
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Banks (Diversified)
The next larger and next smaller companies by market value
- Wells FargoWFC $257.44B74
- Mitsubishi UFJ Financial GroupMUFG $247.89B71
- Toronto-Dominion BankTD $209.16B69
- CitigroupC $208.1B65
- Sumitomo Mitsui Financial GroupSMFG $156B68
- UBS GroupUBSG.SW $148.14B68
- Banco Bilbao Vizcaya ArgentariaBBVA.MC $142.13B84
- Bank of MontrealBMO $120.2B66
ETFs that hold Banco Santander
Held by 145 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Xtrackers Spain UCITS ETF 1CXESP | 18.65% | 0.30% | €509.27M |
| Amundi IBEX 35 UCITS ETF AccAMES | 15.49% | 0.30% | €929.16M |
| Amundi Euro Stoxx Banks UCITS ETF AccLYBK | 13.00% | 0.30% | €6.12B |
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| iShares EURO STOXX Banks 30-15 UCITS ETF (DE)EXX1 | 12.99% | 0.51% | €2.5B |
| iShares STOXX Europe 600 Banks UCITS ETF (DE)EXV1 | 8.09% | 0.46% | €2.98B |
| Deka Euro Prime ESG UCITS ETFELFB | 5.49% | 0.40% | €670.04M |
| iShares MSCI Europe Financials Sector UCITS ETFESIF | 5.12% | 0.18% | €664.36M |
| Deka EURO STOXX 50 ESG Filtered UCITS ETFELFA | 5.07% | 0.15% | €364.56M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.