7Baggers

Banco Santander, S.A
(NYSE:SAN) 

SAN stock logo

Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer fin...

Founded: 1857
Full Time Employees: 192,578
Sector: Financial Services
Industry: Banks-Diversified
Commercial BanksFinancial Services
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• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2017-10-27 2015-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 
           
      balance sheet
    		       
      total assets
    		1,339,125       
      net customer loans
    		790,470       
      customer deposits
    		691,111       
      total customer funds
    		873,618       
      total equity
    		102,699       
      note: total customer funds included customer deposits, mutual funds, pension funds, managed portfolios and insurance premiums
    		       
      income statement
    		       
      net interest income
    		31,089       
      gross income
    		43,853       
      net operating income
    		22,766       
      underlying profit before taxes *
    		11,288       
      underlying attributable profit to the group *
    		6,621       
      attributable profit to the group
    		6,204       
      (*).- change in constant euro
    		       
      net interest income: +9.7%; gross income: +9.6%; net operating income: +11.7%; underlying attributable profit: +14.2%; attributable profit: +9.4%
    		       
      eps**, profitability and efficiency
    		       
      underlying eps (euro) *
    		0.429       
      eps
    		0.401       
      roe
    		6.99       
      underlying rote *
    		11.08       
      rote
    		10.38       
      roa
    		0.56       
      underlying rorwa *
    		1.36       
      rorwa
    		1.29       
      efficiency ratio
    		48.1       
      solvency and npl ratios
    		       
      cet1 fully-loaded
    		10.55       
      cet1 phase-in
    		12.53       
      npl ratio
    		3.93       
      coverage ratio
    		73.8       
      market capitalisation and shares
    		       
      shares
    		14,582       
      share price (euros) **
    		4.877       
      market capitalisation
    		72,314       
      tangible book value per share (euro) **
    		4.15       
      price / tangible book value per share (x) **
    		1.17       
      p/e ratio (x) **
    		12.18       
      other data
    		       
      number of shareholders
    		3,928,950       
      number of employees
    		188,492       
      number of branches
    		12,235       
      net fee income
    		       
      gains on financial transactions
    		       
      other operating income
    		       
      dividends
    		       
      income from equity-accounted method
    		       
      other operating income/expenses
    		       
      operating expenses
    		       
      general administrative expenses
    		       
      personnel
    		       
      other general administrative expenses
    		       
      depreciation and amortisation
    		       
      net loan-loss provisions
    		       
      impairment losses on other assets
    		       
      other income
    		       
      underlying profit before taxes
    		       
      tax on profit
    		       
      underlying profit from continuing operations
    		       
      net profit from discontinued operations
    		       
      underlying consolidated profit
    		       
      minority interests
    		       
      underlying attributable profit to the group
    		       
      net capital gains and provisions*
    		       
      underlying eps (euros) **
    		       
      underlying diluted eps (euros) **
    		       
      eps (euros) **
    		       
      diluted eps (euros) **
    		       
      pro memoria:
    		       
      average total assets
    		       
      average stockholders’ equity
    		       
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2017-10-27 2016-02-19 2015-12-31 2013-06-30 2010-12-31 2009-12-31 2008-12-31 2007-12-31 
              
        customer loans
      		75,751 6,081       
        cash. central banks and credit institutions
      		15,392        
        debt securities
      		18,818 43,964  54,970,000,000     
        o/w: available for sale
      		16,686        
        other financial assets
      		1,755       12,351,032,000 
        other assets
      		18,270   103,185,000,000    28,334,000 
        total assets
      		129,985 1,340,260  1,222,688,000,000 1,217,500,683,000 1,110,529,458,000 1,049,631,550,000 912,914,971,000 
        customer deposits
      		69,842 9,187 9,187,000,000  7,848,954,000 4,658,372,000 4,896,065,000 27,992,480,000 
        central banks and credit institutions
      		35,333        
        debt securities issued
      		10,861        
        other financial liabilities
      		2,134 20,877    302,520,000  16,540,205,000 
        other liabilities
      		5,004  10,221,000,000 164,099,000,000 7,599,849,000 7,624,159,000 7,560,995,000 63,420,000 
        total liabilities
      		123,174 1,241,507 1,241,507,000,000 1,141,294,000,000 1,136,586,225,000 1,036,658,816,000 989,630,058,000 855,356,820,000 
        total equity
      		6,789 98,753 98,753,000,000 81,394,000,000 80,914,458,000 73,870,642,000 60,001,492,000 57,558,151,000 
        other managed and marketed customer funds
      		16,854        
        mutual funds
      		9,731        
        pension funds
      		4,692        
        managed portfolios
      		2,431        
        pro memoria:
      		        
        gross customer loans w/o repos
      		79,573        
        funds
      		79,240        
        assets
      		        
        cash on hand and deposits at central banks
      		 81,329       
        trading portfolio
      		 147,287       
        equities
      		 18,225       
        trading derivatives
      		 76,724 76,414,000,000  73,068,769,000 59,856,413,000 95,815,309,000 46,726,118,000 
        deposits from credit institutions
      		 2,293 77,000,000  28,370,399,000 43,131,718,000 26,841,854,000 23,254,111,000 
        other financial assets at fair value
      		 45,043       
        other
      		 30,750 214,000,000  7,131,296,000 5,612,058,000 5,384,452,000 2,131,014,000 
        available-for-sale financial assets
      		 122,036 844,000,000  -1,248,853,000 645,345,000 79,293,000 1,418,966,000 
        loans
      		 831,637  10,079,000,000     
        deposits at credit institutions
      		 50,256       
        held-to-maturity investments
      		 4,355       
        investments
      		 3,251       
        intangible assets and property and equipment
      		 27,790       
        goodwill
      		 26,960   24,622,345,000 22,865,056,000 18,836,199,000 13,830,708,000 
        liabilities and shareholders’ equity
      		        
        marketable debt securities
      		    365,265,000 586,022,000 3,569,795,000 17,090,935,000 
        other financial liabilities at fair value
      		 54,768       
        due to central banks and credit institutions
      		 25,038       
        financial liabilities at amortized cost
      		 1,039,343       
        subordinated debt
      		 21,153       
        insurance liabilities
      		 627       
        provisions
      		 14,494       
        other liability accounts
      		 27,057       
        shareholders’ equity
      		 102,402       
        capital stock
      		 7,217  5,405,000,000     
        reserves
      		 90,765 45,760,000,000  28,307,196,000 24,607,287,000 20,868,406,000 16,371,430,000 
        attributable profit to the group
      		 5,966       
        less: dividends
      		 -1,546       
        equity adjustments by valuation
      		 -14,362       
        minority interests
      		 10,713      2,358,269,000 
        total liabilities and equity
      		 1,340,260 1,340,260,000,000 1,222,688,000,000 1,217,500,683,000 1,110,529,458,000 1,049,631,550,000 912,914,971,000 
        financial liabilities held for trading:
      		  105,218,000,000  136,771,837,000 115,516,474,000 136,620,235,000  
        deposits from central banks
      		  2,178,000,000  12,605,204,000 2,985,488,000 9,109,857,000 28,748,079,000 
        short positions
      		  17,362,000,000  12,302,918,000 5,139,730,000 3,035,231,000 5,613,234,000 
        other financial liabilities at fair value through profit or loss:
      		  54,768,000,000  51,019,749,000 42,371,301,000 28,639,359,000  
        subordinated liabilities
      		       35,670,179,000 
        financial liabilities at amortised cost:
      		  1,039,343,000,000  898,968,685,000   652,952,005,000 
        changes in the fair value of hedged items in portfolio hedges of interest rate risk
      		  174,000,000  1,464,203,000 1,419,841,000 2,402,736,000 297,131,000 
        hedging derivatives
      		  8,937,000,000  8,227,013,000 7,833,850,000 9,698,132,000 3,063,169,000 
        liabilities associated with non-current assets held for sale
      		    54,584,000 293,512,000 49,688,000  
        liabilities under insurance contracts
      		  627,000,000 1,091,000,000 10,449,274,000 16,916,446,000 16,849,511,000 13,033,617,000 
        provisions:
      		  14,494,000,000  15,659,853,000 17,532,739,000 17,736,259,000 16,570,899,000 
        benefit from pensions and similar obligations
      		  8,272,000,000      
        provisions for taxes and other legal contingencies
      		  2,577,000,000  3,670,184,000 3,283,339,000 2,363,706,000  
        provisions for contingent liabilities and commitments
      		  618,000,000  1,030,244,000 641,620,000 678,584,000 636,316,000 
        other provisions
      		  3,027,000,000 5,522,000,000 1,440,332,000 2,979,096,000 3,495,852,000 4,114,835,000 
        tax liabilities:
      		  7,725,000,000  8,618,390,000 7,003,945,000 5,768,665,000 6,156,365,000 
        current
      		  2,160,000,000  5,483,665,000 4,827,554,000 2,309,465,000 1,845,310,000 
        deferred
      		  5,565,000,000  17,088,668,000 15,827,261,000 14,644,148,000 10,852,762,000 
        equity
      		        
        shareholders’ equity:
      		  102,402,000,000  77,333,542,000 71,831,688,000 65,886,582,000 54,477,846,000 
        share capital
      		  7,217,000,000  4,164,561,000 4,114,413,000   
        registered
      		  7,217,000,000  4,164,561,000 4,114,413,000 3,997,030,000  
        less: uncalled capital
      		        
        share premium
      		  45,001,000,000  29,457,152,000 29,305,257,000 28,103,802,000 20,370,128,000 
        accumulated reserves
      		  45,469,000,000  28,254,649,000 24,539,624,000 21,158,869,000 15,475,993,000 
        reserves (losses) of entities accounted for using the equity method
      		  291,000,000  52,547,000 67,663,000 -290,463,000  
        other equity instruments
      		  214,000,000  8,686,000,000 7,188,465,000  9,744,466,000 
        equity component of compound financial instruments
      		    1,668,049,000    
        less: treasury shares
      		  -210,000,000  -192,288,000 -29,755,000 -421,198,000  
        profit for the year attributable to the parent
      		  5,966,000,000  8,180,909,000 8,942,538,000 8,876,414,000  
        less: dividends and remuneration
      		  -1,546,000,000  -1,269,988,000 -2,296,517,000 -2,693,438,000  
        valuation adjustments
      		  -14,362,000,000  838,415,000 45,228,000 -371,310,000  
        cash flow hedges
      		  171,000,000  -171,762,000 -255,498,000 -309,883,000 -58,655,000 
        hedges of net investments in foreign operations
      		  -3,597,000,000  -1,955,824,000 296,686,000 1,467,289,000 638,474,000 
        exchange differences
      		  -8,383,000,000  1,061,407,000 -3,851,826,000 -9,424,871,000 -1,276,749,000 
        non-current assets held for sale
      		    6,285,020,000 5,789,189,000 9,267,486,000  
        entities accounted for using the equity method
      		  -232,000,000  -171,000  -148,402,000  
        other valuation adjustments
      		  -3,165,000,000      
        non-controlling interests
      		  10,713,000,000 10,095,000,000     
        memorandum items:
      		        
        contingent liabilities
      		  40,115,000,000  59,795,253,000 59,256,076,000 65,323,194,000  
        contingent commitments
      		  221,457,000,000  203,709,393,000 163,530,756,000 131,725,006,000  
        cash and due from banks
      		   70,166,000,000     
        interest earning deposits in other banks
      		   24,502,000,000     
        securities purchased under agreements to resell
      		   19,014,000,000     
        trading account assets
      		   209,847,000,000     
        banks
      		   47,590,000,000     
        derivatives
      		   91,437,000,000     
        equity securities
      		   5,771,000,000     
        investment securities
      		   113,400,000,000     
        available-for-sale
      		   113,400,000,000     
        net loans and leases
      		   662,997,000,000     
        loans and leases, net of unearned income
      		   688,757,000,000     
        less-allowance for loan losses
      		   -25,760,000,000     
        premises and equipment
      		   14,565,000,000     
        investment in affiliated companies
      		   5,012,000,000     
        intangible assets
      		   3,111,000,000     
        goodwill in consolidation
      		   23,878,000,000     
        accrual accounts
      		   2,324,000,000     
        hedge derivatives
      		   8,420,000,000     
        others
      		   65,452,000,000     
        liabilities
      		        
        deposits
      		   646,203,000,000     
        non interest deposits
      		   5,829,000,000     
        interest bearing
      		   640,374,000,000     
        demand deposits
      		   162,507,000,000     
        savings deposits
      		   167,763,000,000     
        time deposits
      		   310,104,000,000     
        short-term debt
      		   146,557,000,000     
        long-term debt
      		   184,435,000,000     
        taxes payable
      		   6,855,000,000     
        accounts payable
      		   5,720,000,000     
        pension allowance
      		   9,165,000,000     
        short securities positions
      		   18,478,000,000     
        stockholders’ equity
      		        
        additional paid-in-capital
      		   37,119,000,000     
        other additional capital
      		   -79,000,000     
        current year earnings
      		   2,255,000,000     
        other reserves
      		   26,599,000,000     
        total stockholders’ equity
      		   71,299,000,000     
        cash and balances with central banks
      		    77,785,278,000 34,889,413,000 45,781,345,000 31,062,775,000 
        financial assets held for trading:
      		    156,761,730,000 135,054,321,000 151,817,192,000 158,800,435,000 
        loans and advances to credit institutions
      		    16,216,136,000 5,952,956,000 5,149,584,000 12,294,559,000 
        loans and advances to customers
      		    755,175,000 10,076,412,000 684,348,000 23,704,481,000 
        debt instruments
      		    57,871,332,000 49,920,518,000 43,895,548,000 66,330,811,000 
        equity instruments
      		    8,850,318,000 9,248,022,000 6,272,403,000 9,025,936,000 
        other financial assets at fair value through profit or loss:
      		    39,480,171,000 37,813,669,000 25,817,138,000 24,829,441,000 
        available-for-sale financial assets:
      		    86,234,826,000 86,620,503,000 48,920,306,000 44,348,907,000 
        loans and receivables:
      		    768,858,435,000 736,746,371,000 699,614,727,000 579,530,145,000 
        investments:
      		    272,915,000 164,473,000 1,323,453,000 15,689,127,000 
        associates
      		    272,915,000 164,473,000 1,323,453,000 15,689,127,000 
        jointly controlled entities
      		        
        insurance contracts linked to pensions
      		    2,219,948,000 2,356,151,000 2,446,989,000 2,525,550,000 
        reinsurance assets
      		    546,392,000 416,822,000 458,388,000 309,774,000 
        tangible assets:
      		    11,141,637,000 8,995,735,000 8,501,552,000 9,459,033,000 
        property, plant and equipment-
      		    9,831,811,000 7,904,819,000 7,630,935,000  
        for own use
      		    7,507,990,000 6,202,162,000 5,664,616,000  
        leased out under an operating lease
      		    2,323,821,000 1,702,657,000 1,966,319,000  
        investment property
      		    1,309,826,000 1,090,916,000 870,617,000 460,725,000 
        intangible assets:
      		    28,064,379,000 25,643,414,000 20,623,267,000 16,033,042,000 
        other intangible assets
      		    3,442,034,000 2,778,358,000 1,787,068,000 2,202,334,000 
        tax assets:
      		    22,572,333,000 20,654,815,000 16,953,613,000 12,698,072,000 
        other assets:
      		    7,586,403,000 6,130,891,000 6,005,226,000 2,362,748,000 
        inventories
      		    455,107,000 518,833,000 620,774,000 231,734,000 
        liabilities and equity
      		        
        provisions for pensions and similar obligations
      		    9,519,093,000 10,628,684,000 11,198,117,000 11,819,748,000 
        valuation adjustments:
      		    -2,315,203,000 -3,165,104,000 -8,299,696,000 722,036,000 
        non-controlling interests:
      		    5,896,119,000    
        financial liabilities at amortized cost:
      		     823,402,745,000 770,007,599,000  
        minority interests:
      		     5,204,058,000 2,414,606,000  
        capital or endowment fund
      		      3,997,030,000  
        other equity instruments:
      		      7,155,566,000 7,086,881,000 
        money market operations through counterparties
      		        
        non-current assets held for sale:
      		       10,156,429,000 
        tangible assets
      		       1,061,743,000 
        property, plant and equipment for own use
      		       4,287,612,000 
        other assets leased out under an operating lease
      		       4,710,696,000 
        memorandum item: acquired under a finance lease
      		       394,187,000 
        prepayments and accrued income
      		       1,749,193,000 
        memorandum accounts:
      		        
        contingent liabilities:
      		       76,924,835,000 
        financial guarantees
      		       76,316,446,000 
        assets earmarked for third-party obligations
      		       3,000 
        other contingent liabilities
      		       608,386,000 
        contingent commitments:
      		       114,676,563,000 
        drawable by third parties
      		       102,215,927,000 
        other commitments
      		       12,460,636,000 
        financial liabilities held for trading
      		       122,753,987,000 
        other financial liabilities at fair value through profit or loss
      		       33,155,674,000 
        financial liabilities at fair value through equity
      		        
        liabilities associated with non- current assets held for sale:
      		       63,420,000 
        accrued expenses and deferred income
      		       4,050,992,000 
        other liabilities:
      		       2,479,457,000 
        equity having the substance of a financial liability
      		       522,558,000 
        issued capital
      		       3,127,148,000 
        reserves of entities accounted for using the equity method:
      		       895,437,000 
        treasury shares
      		       -192,000 
        profit attributed to the group
      		       9,060,258,000 
        dividends and remuneration
      		       -1,537,807,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD 
         
          a. cash flows from operating activities:
        		 
          consolidated profit for the year
        		 
          adjustments made to obtain the cash flows from operating activities-
        		 
          depreciation and amortization
        		 
          other adjustments
        		 
          net increase/decrease in operating assets-
        		 
          financial assets held for trading
        		 
          other financial assets at fair value through profit or loss
        		 
          available-for-sale financial assets
        		 
          loans and receivables
        		 
          other operating assets
        		 
          net increase/decrease in operating liabilities-
        		 
          financial liabilities held for trading
        		 
          other financial liabilities at fair value through profit or loss
        		 
          financial liabilities at amortized cost
        		 
          other operating liabilities
        		 
          income tax recovered/paid
        		 
          b. cash flows from investing activities:
        		 
          payments-
        		 
          tangible assets
        		 
          intangible assets
        		 
          investments
        		 
          subsidiaries and other business units
        		 
          non-current assets held for sale and associated liabilities
        		 
          held-to-maturity investments
        		 
          other payments related to investing activities
        		 
          proceeds-
        		 
          other proceeds related to investing activities
        		 
          c. cash flows from financing activities:
        		 
          dividends
        		 
          subordinated liabilities
        		 
          redemption of own equity instruments
        		 
          acquisition of own equity instruments
        		 
          other payments related to financing activities
        		 
          issuance of own equity instruments
        		 
          disposal of own equity instruments
        		 
          other proceeds related to financing activities
        		 
          d. effect of foreign exchange rate changes
        		 
          e. net increase/(decrease) in cash and cash equivalents
        		 
          f. cash and cash equivalents at beginning of year
        		 
          g. cash and cash equivalents at end of year
        		 
          components of cash and cash equivalents at end of year:
        		 
          cash
        		 
          cash equivalents at central banks
        		 
          other financial assets
        		 
          less: bank overdrafts refundable on demand
        		 
          total cash and cash equivalents at end of year
        		 
          a. cash flows from operating activities
        		 
          adjustments made to obtain the cash flows from operating activities:
        		 
          depreciation and amortization charge
        		 
          net increase/decrease in operating assets:
        		 
          net increase/decrease in operating liabilities:
        		 
          b. cash flows from investing activities
        		 
          payments:
        		 
          proceeds:
        		 
          c. cash flows from financing activities
        		 
          components of cash and cash equivalents at end of year