BSBR
Banco Santander (Brasil) S.A.
Banks - Regional
Market Cap$43.40B
5Y Perf.+28.8%
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Stock Comparison
BSBR vs SAN
Revenue, margins, valuation, and 5-year total return — side by side.
SAN
Banco Santander, S.A.
Banks - Diversified
Market Cap$178.56B
5Y Perf.+458.0%
BSBR vs SAN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BSBR | SAN |
|---|---|---|
| Industry | Banks - Regional | Banks - Diversified |
| Market Cap | $43.40B | $178.56B |
| Revenue (TTM) | $151.54B | $119.89B |
| Net Income (TTM) | $12.69B | $14.10B |
| Gross Margin | 27.5% | 40.0% |
| Operating Margin | 11.0% | 15.6% |
| Forward P/E | 6.5x | 10.2x |
| Total Debt | $129.96B | $496.64B |
| Cash & Equiv. | $201.98B | $179.30B |
BSBR vs SAN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BSBR
SAN
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Banco Santander (Br… (BSBR) | 100 | 128.8 | +28.8% |
| Banco Santander, S.… (SAN) | 100 | 558.0 | +458.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BSBR vs SAN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BSBR leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Banco Santander, S.A. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
BSBR
Banco Santander (Brasil) S.A.
The Banking Pick
BSBR carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 1.11, yield 6.0%
- Rev growth 17.5%, EPS growth 87.4%
- Lower volatility, beta 1.11, current ratio 0.34x
Best for: income & stability and growth exposure
SAN
Banco Santander, S.A.
The Banking Pick
SAN is the clearest fit if your priority is long-term compounding.
- 227.3% 10Y total return vs BSBR's 103.4%
- +73.0% vs BSBR's +24.0%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BSBR | 17.5% NII/revenue growth vs SAN's -7.7% |
| Value | BSBR | Lower P/E (6.5x vs 10.2x) |
| Quality / Margins | BSBR | Efficiency ratio 0.2% vs SAN's 0.2% (lower = leaner) |
| Stability / Safety | BSBR | Beta 1.11 vs SAN's 1.48, lower leverage |
| Dividends | BSBR | 6.0% yield; 2-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | SAN | +73.0% vs BSBR's +24.0% |
| Efficiency (ROA) | BSBR | Efficiency ratio 0.2% vs SAN's 0.2% |
BSBR vs SAN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSANLAGGINGBSBR
BSBRBanco Santander (Bras…
2leads
SANBanco Santander, S.A.
3leads
6 Total Categories
CATEGORYLEADERvs BSBRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
SAN4/4
Valuation MetricsMultiples, price ratios, and targets
BSBR3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BSBR7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
SAN6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
SAN1/1
Income & Cash Flow (Last 12 Months)
SAN leads this category, winning 4 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
BSBR and SAN operate at a comparable scale, with $151.5B and $119.9B in trailing revenue. Profitability is closely matched — net margins range from 11.8% (SAN) to 8.4% (BSBR).
| Metric | BSBRBanco Santander (… | SANBanco Santander, … |
|---|---|---|
| RevenueTrailing 12 months | $151.5B | $119.9B |
| EBITDAEarnings before interest/tax | $18.5B | $22.4B |
| Net IncomeAfter-tax profit | $12.7B | $14.1B |
| Free Cash FlowCash after capex | $5.5B | -$12.3B |
| Gross MarginGross profit ÷ Revenue | +27.5% | +40.0% |
| Operating MarginEBIT ÷ Revenue | +11.0% | +15.6% |
| Net MarginNet income ÷ Revenue | +8.4% | +11.8% |
| FCF MarginFCF ÷ Revenue | +0.9% | — |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -37.3% | +20.0% |
SAN leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
BSBR leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 11.9x trailing earnings, SAN trades at a 32% valuation discount to BSBR's 17.6x P/E. On an enterprise value basis, BSBR's 7.4x EV/EBITDA is more attractive than SAN's 21.5x.
| Metric | BSBRBanco Santander (… | SANBanco Santander, … |
|---|---|---|
| Market CapShares × price | $43.4B | $178.6B |
| Enterprise ValueMkt cap + debt − cash | $28.9B | $551.5B |
| Trailing P/EPrice ÷ TTM EPS | 17.60x | 11.90x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.48x | 10.23x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.38x | 21.47x |
| Price / SalesMarket cap ÷ Revenue | 1.42x | 1.27x |
| Price / BookPrice ÷ Book value/share | 0.86x | 1.46x |
| Price / FCFMarket cap ÷ FCF | 160.80x | — |
BSBR leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
BSBR leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
SAN delivers a 12.8% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $10 for BSBR. BSBR carries lower financial leverage with a 1.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to SAN's 4.40x. On the Piotroski fundamental quality scale (0–9), BSBR scores 5/9 vs SAN's 3/9, reflecting solid financial health.
| Metric | BSBRBanco Santander (… | SANBanco Santander, … |
|---|---|---|
| ROE (TTM)Return on equity | +10.2% | +12.8% |
| ROA (TTM)Return on assets | +1.0% | +0.8% |
| ROICReturn on invested capital | +4.9% | +2.3% |
| ROCEReturn on capital employed | +3.7% | +1.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 1.03x | 4.40x |
| Net DebtTotal debt minus cash | -$72.0B | $317.3B |
| Cash & Equiv.Liquid assets | $202.0B | $179.3B |
| Total DebtShort + long-term debt | $130.0B | $496.6B |
| Interest CoverageEBIT ÷ Interest expense | 0.16x | 1.24x |
BSBR leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
SAN leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SAN five years ago would be worth $33,402 today (with dividends reinvested), compared to $10,906 for BSBR. Over the past 12 months, SAN leads with a +73.0% total return vs BSBR's +24.0%. The 3-year compound annual growth rate (CAGR) favors SAN at 54.5% vs BSBR's 5.9% — a key indicator of consistent wealth creation.
| Metric | BSBRBanco Santander (… | SANBanco Santander, … |
|---|---|---|
| YTD ReturnYear-to-date | -3.4% | +1.7% |
| 1-Year ReturnPast 12 months | +24.0% | +73.0% |
| 3-Year ReturnCumulative with dividends | +18.9% | +268.6% |
| 5-Year ReturnCumulative with dividends | +9.1% | +234.0% |
| 10-Year ReturnCumulative with dividends | +103.4% | +227.3% |
| CAGR (3Y)Annualised 3-year return | +5.9% | +54.5% |
SAN leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — BSBR and SAN each lead in 1 of 2 comparable metrics.
Risk & Volatility
BSBR is the less volatile stock with a 1.11 beta — it tends to amplify market swings less than SAN's 1.48 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SAN currently trades 91.9% from its 52-week high vs BSBR's 79.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BSBRBanco Santander (… | SANBanco Santander, … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.11x | 1.48x |
| 52-Week HighHighest price in past year | $7.32 | $13.24 |
| 52-Week LowLowest price in past year | $4.62 | $7.15 |
| % of 52W HighCurrent price vs 52-week peak | +79.2% | +91.9% |
| RSI (14)Momentum oscillator 0–100 | 48.3 | 56.5 |
| Avg Volume (50D)Average daily shares traded | 968K | 12.5M |
Evenly matched — BSBR and SAN each lead in 1 of 2 comparable metrics.
Analyst Outlook
SAN leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BSBR as "Buy" and SAN as "Buy". Consensus price targets imply 24.2% upside for BSBR (target: $7) vs -75.3% for SAN (target: $3). BSBR is the only dividend payer here at 5.95% yield — a key consideration for income-focused portfolios.
| Metric | BSBRBanco Santander (… | SANBanco Santander, … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $7.20 | $3.00 |
| # AnalystsCovering analysts | 11 | 23 |
| Dividend YieldAnnual dividend ÷ price | +6.0% | — |
| Dividend StreakConsecutive years of raises | 2 | 3 |
| Dividend / ShareAnnual DPS | $1.71 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
SAN leads this category, winning 1 of 1 comparable metric.
Key Takeaway
SAN leads in 3 of 6 categories (Income & Cash Flow, Total Returns). BSBR leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.
Best OverallBanco Santander, S.A. (SAN)Leads 3 of 6 categories
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BSBR vs SAN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BSBR or SAN a better buy right now?
For growth investors, Banco Santander (Brasil) S.
A. (BSBR) is the stronger pick with 17. 5% revenue growth year-over-year, versus -7. 7% for Banco Santander, S. A. (SAN). Banco Santander, S. A. (SAN) offers the better valuation at 11. 9x trailing P/E (10. 2x forward), making it the more compelling value choice. Analysts rate Banco Santander (Brasil) S. A. (BSBR) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BSBR or SAN?
On trailing P/E, Banco Santander, S.
A. (SAN) is the cheapest at 11. 9x versus Banco Santander (Brasil) S. A. at 17. 6x. On forward P/E, Banco Santander (Brasil) S. A. is actually cheaper at 6. 5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BSBR or SAN?
Over the past 5 years, Banco Santander, S.
A. (SAN) delivered a total return of +234. 0%, compared to +9. 1% for Banco Santander (Brasil) S. A. (BSBR). Over 10 years, the gap is even starker: SAN returned +227. 3% versus BSBR's +103. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BSBR or SAN?
By beta (market sensitivity over 5 years), Banco Santander (Brasil) S.
A. (BSBR) is the lower-risk stock at 1. 11β versus Banco Santander, S. A. 's 1. 48β — meaning SAN is approximately 33% more volatile than BSBR relative to the S&P 500. On balance sheet safety, Banco Santander (Brasil) S. A. (BSBR) carries a lower debt/equity ratio of 103% versus 4% for Banco Santander, S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — BSBR or SAN?
By revenue growth (latest reported year), Banco Santander (Brasil) S.
A. (BSBR) is pulling ahead at 17. 5% versus -7. 7% for Banco Santander, S. A. (SAN). On earnings-per-share growth, the picture is similar: Banco Santander (Brasil) S. A. grew EPS 87. 4% year-over-year, compared to 13. 0% for Banco Santander, S. A.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BSBR or SAN?
Banco Santander, S.
A. (SAN) is the more profitable company, earning 11. 8% net margin versus 8. 4% for Banco Santander (Brasil) S. A. — meaning it keeps 11. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SAN leads at 15. 6% versus 11. 0% for BSBR. At the gross margin level — before operating expenses — SAN leads at 40. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BSBR or SAN more undervalued right now?
On forward earnings alone, Banco Santander (Brasil) S.
A. (BSBR) trades at 6. 5x forward P/E versus 10. 2x for Banco Santander, S. A. — 3. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSBR: 24. 2% to $7. 20.
08Which pays a better dividend — BSBR or SAN?
In this comparison, BSBR (6.
0% yield) pays a dividend. SAN does not pay a meaningful dividend and should not be held primarily for income.
09Is BSBR or SAN better for a retirement portfolio?
For long-horizon retirement investors, Banco Santander (Brasil) S.
A. (BSBR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 11), 6. 0% yield, +103. 4% 10Y return). Both have compounded well over 10 years (BSBR: +103. 4%, SAN: +227. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BSBR and SAN?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BSBR is a mid-cap high-growth stock; SAN is a mid-cap deep-value stock. BSBR pays a dividend while SAN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(BSBR: 17.5% · SAN: -7.7%)Net Margin>
%
(BSBR: 8.4% · SAN: 11.8%)P/E Ratio<
x
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