SAN · NYSE · STOCK
Banco Santander, S.A.
$14.70
52W $9.31 – $14.93
70/100
$215.92B
11.6
0.93
Is SAN Bullish or Bearish?
Bullish.
Innellis AI committee rates Banco Santander, S.A. (SAN) Buy with a composite score of 70/100
, based on 6 analysts with 83% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +4.58 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -15.42 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is revenue growing 57.2% yoy -- genuine top-line momentum. The main limiting factor is high leverage (debt-to-equity 3.14) amplifies downside in a stress scenario. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- P/E of 11.6 is inexpensive for the broad market — Value
- Price-to-book of 1.5x is a discount to asset value — Value
- ROE of 15.5% shows genuine earnings power backing the valuation — Value
- Revenue growing 57.2% YoY -- genuine top-line momentum — Growth
- EPS growing 27.1% YoY — Growth
- Price structure making higher highs and higher lows — Technical
Bear Case
- Debt-to-equity of 3.14 adds balance-sheet risk to the value case — Value
- High leverage (debt-to-equity 3.14) amplifies downside in a stress scenario — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
70/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 16%
of 209 Financial Services peers
Value Analyst
bullish
68
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 11.6 is inexpensive for the broad market
− Debt-to-equity of 3.14 adds balance-sheet risk to the value case
Growth Analyst
bullish
85
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 57.2% YoY -- genuine top-line momentum
Technical Analyst
bullish
69
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
Risk Analyst
neutral
50
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
− High leverage (debt-to-equity 3.14) amplifies downside in a stress scenario
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
74
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.50 across 2 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
68.6
Neutral
MACD Histogram
0.064
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
0.84
Inside Bands
Price vs Moving Averages
EMA 9
$14.47
Above
EMA 21
$14.14
Above
EMA 50
$13.61
Above
EMA 200
$12.04
Above
Fundamental Analysis
Valuation
99
Profitability
69
Financial Health
0
Cash Flow
70
Valuation
P/E Ratio
11.6×
P/B Ratio
1.72×
PEG Ratio
0.36
Dividend Yield
1.87%
52W High
$14.93
52W Low
$9.31
Quality & Growth
ROE
1366.8%
ROA
75.5%
Gross Margin
7230.4%
Operating Margin
2879.0%
Revenue Growth YoY
—
Debt / Equity
4.12
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 11.6 (inexpensive relative to a 15-40x range); Price-to-book of 1.7x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 13.7%; Return on assets of 0.8%; Net margin of 23.9%; Gross margin of 72.3%; Current ratio of 0.11 (tight short-term liquidity); Debt-to-equity of 4.12; Free cash flow per share is positive (3.99); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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