Banco Santander (Brasil) S.A. (BSBR) Financial Ratios
20 years of historical data (2006–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
7.39
↑+585% vs avg
5yr avg: 1.08
30Y Low0.8·High12.3
P/FCF
↑
160.95
↑+1592% vs avg
5yr avg: 9.51
30Y Low1.4·High35.7
P/B Ratio
↓
0.86
↑+170% vs avg
5yr avg: 0.32
30Y Low0.2·High1.3
ROE
↓
10.4%
-11% vs avg
5yr avg: 11.6%
30Y Low7%·High22%
Debt/EBITDA
↑
6.71
+5% vs avg
5yr avg: 6.41
30Y Low2.4·High14.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BSBR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Banco Santander (Brasil) S.A. trades at 17.6x earnings, 264% above its 5-year average of 4.8x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 34%. On a free-cash-flow basis, the stock trades at 161.0x P/FCF, 1592% above the 5-year average of 9.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $43.4B | $23.2B | $29.2B | $48.8B | $40.5B | $40.1B | $61.7B | $86.8B | $79.8B | $69.6B | $64.0B |
| Enterprise Value | $28.9B | $-48783866010 | $-40344374190 | $-1159831250 | $17.5B | $37.2B | $52.8B | $150.5B | $154.7B | $128.1B | $146.4B |
| P/E Ratio → | 17.62 | 3.75 | 4.49 | 10.56 | 2.84 | 2.58 | 4.59 | 5.28 | 6.35 | 8.19 | 9.15 |
| P/S Ratio | 1.42 | 0.15 | 0.23 | 0.40 | 0.37 | 0.53 | 1.21 | 1.15 | 1.19 | 0.94 | 0.77 |
| P/B Ratio | 0.86 | 0.18 | 0.24 | 0.42 | 0.37 | 0.38 | 0.58 | 0.89 | 0.87 | 0.80 | 0.76 |
| P/FCF | 160.95 | 17.39 | — | 1.47 | 10.16 | 9.03 | 1.53 | 4.05 | 15.16 | 1.44 | 12.30 |
| P/OCF | 43.08 | 4.66 | — | 1.33 | 5.91 | 5.89 | 1.46 | 3.49 | 9.65 | 1.38 | 9.49 |
P/E links to full P/E history page with 30-year chart
BSBR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Banco Santander (Brasil) S.A.'s enterprise value stands at 7.4x EBITDA, 585% above its 5-year average of 1.1x. The Financial Services sector median is 11.5x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.32 | -0.31 | -0.01 | 0.16 | 0.49 | 1.04 | 1.99 | 2.31 | 1.72 | 1.76 |
| EV / EBITDA | 7.39 | -2.52 | -1.84 | -0.08 | 0.79 | 1.37 | 4.31 | 6.10 | 8.76 | 7.92 | 8.19 |
| EV / EBIT | 8.55 | -2.92 | -2.10 | -0.10 | 0.89 | 1.50 | 5.46 | 6.76 | 9.72 | 8.83 | 8.93 |
| EV / FCF | — | -36.51 | — | -0.03 | 4.40 | 8.38 | 1.31 | 7.02 | 29.37 | 2.64 | 28.12 |
BSBR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Banco Santander (Brasil) S.A. earns an operating margin of 11.0%, below the Financial Services sector average of 21.6%. Operating margins have expanded from 9.8% to 11.0% over the past 3 years, signaling improving operational efficiency. ROE of 10.4% is modest. ROIC of 4.9% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.5% | 27.5% | 34.0% | 29.3% | 37.8% | 61.7% | 60.7% | 57.3% | 54.3% | 46.5% | 40.9% |
| Operating Margin | 11.0% | 11.0% | 14.9% | 9.8% | 17.7% | 32.9% | 19.0% | 29.5% | 23.8% | 19.5% | 19.7% |
| Net Profit Margin | 8.4% | 8.4% | 10.4% | 7.8% | 12.9% | 20.6% | 26.4% | 21.7% | 18.8% | 12.0% | 8.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.4% | 10.4% | 11.4% | 8.4% | 13.2% | 14.6% | 13.2% | 17.4% | 14.1% | 10.4% | 8.9% |
| ROA | 1.0% | 1.0% | 1.1% | 0.9% | 1.5% | 1.7% | 1.6% | 2.2% | 1.8% | 1.4% | 1.2% |
| ROIC | 4.9% | 4.9% | 5.6% | 3.6% | 6.6% | 9.8% | 4.1% | 9.1% | 6.8% | 6.1% | 6.4% |
| ROCE | 3.7% | 3.7% | 2.5% | 1.5% | 4.4% | 5.7% | 2.4% | 5.8% | 4.6% | 4.5% | 5.0% |
BSBR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Banco Santander (Brasil) S.A. carries a Debt/EBITDA ratio of 6.7x, which is highly leveraged (62% above the sector average of 4.1x). The company holds a net cash position — cash of $202.0B exceeds total debt of $130.0B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.03 | 1.03 | 1.13 | 1.25 | 1.14 | 0.93 | 0.66 | 0.86 | 1.03 | 0.91 | 1.28 |
| Debt / EBITDA | 6.71 | 6.71 | 6.18 | 9.82 | 5.72 | 3.63 | 5.72 | 3.40 | 5.34 | 4.90 | 6.08 |
| Net Debt / Equity | — | -0.57 | -0.58 | -0.44 | -0.21 | -0.03 | -0.08 | 0.66 | 0.82 | 0.67 | 0.97 |
| Net Debt / EBITDA | -3.72 | -3.72 | -3.17 | -3.41 | -1.04 | -0.11 | -0.73 | 2.58 | 4.24 | 3.62 | 4.61 |
| Debt / FCF | — | -53.90 | — | -1.50 | -5.77 | -0.65 | -0.22 | 2.98 | 14.21 | 1.21 | 15.82 |
| Interest Coverage | 0.16 | 0.16 | 0.24 | 0.15 | 0.29 | 0.93 | 0.53 | 0.78 | 0.56 | 0.40 | 0.35 |
Net cash position: cash ($202.0B) exceeds total debt ($130.0B)
BSBR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.34x is below 1.0, meaning current liabilities exceed current assets — though the company's $202.0B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 31.22x to 0.34x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.34 | 0.34 | 0.39 | 31.22 | 0.42 | 0.43 | 0.39 | 0.33 | 0.32 | 0.35 | 0.30 |
| Quick Ratio | 0.34 | 0.34 | 0.39 | 31.22 | 0.42 | 0.43 | 0.39 | 0.33 | 0.32 | 0.35 | 0.30 |
| Cash Ratio | 0.25 | 0.25 | 0.25 | 21.39 | 0.29 | 0.21 | 0.16 | 0.05 | 0.06 | 0.06 | 0.09 |
| Asset Turnover | — | 0.12 | 0.10 | 0.11 | 0.11 | 0.08 | 0.05 | 0.10 | 0.09 | 0.12 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BSBR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Banco Santander (Brasil) S.A. returns 5.9% to shareholders annually primarily through dividends. A payout ratio of 50.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.9% | 28.0% | 19.3% | 11.2% | 18.3% | 24.7% | 16.7% | 8.0% | 7.6% | 8.1% | 5.0% |
| Payout Ratio | 50.9% | 50.9% | 42.0% | 57.7% | 51.7% | 63.8% | 76.6% | 42.4% | 48.3% | 63.3% | 43.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 26.7% | 22.3% | 9.5% | 35.3% | 38.7% | 21.8% | 18.9% | 15.8% | 12.2% | 10.9% |
| FCF Yield | 0.6% | 5.7% | — | 68.2% | 9.8% | 11.1% | 65.3% | 24.7% | 6.6% | 69.6% | 8.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% | 0.0% | 0.2% | 0.3% | 0.4% | 0.5% | 0.1% |
| Total Shareholder Yield | 5.9% | 28.0% | 19.3% | 11.2% | 19.5% | 24.7% | 16.8% | 8.3% | 8.0% | 8.7% | 5.2% |
| Shares Outstanding | — | $3.8B | $7.5B | $7.5B | $7.5B | $7.5B | $7.5B | $7.5B | $7.5B | $7.5B | $7.5B |
Peer Comparison
Compare BSBR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BSBRYou | $43B | 17.6 | 7.4 | 161.0 | 27.5% | 11.0% | 10.4% | 4.9% | 6.7 |
 ITUB | $90B | 10.3 | 20.6 | 3.5 | 34.5% | 13.1% | 20.6% | 3.2% | 17.6 |
 BBD | $40B | 8.5 | — | — | 34.6% | -1.1% | 13.3% | -0.3% | — |
 SAN | $179B | 11.9 | 21.5 | — | 40.0% | 15.6% | 12.8% | 2.3% | 22.7 |
 BBAR | $3B | 12.4 | 3.7 | — | 65.9% | 8.5% | 12.7% | 10.7% | 0.7 |
 BMA | $5B | 20.5 | 8.5 | 8.3 | 68.3% | 5.6% | 7.7% | 5.5% | 0.9 |
 GGAL | $6B | 5.1 | 2.7 | — | 62.7% | 20.8% | 40.2% | 31.0% | 0.9 |
 SUPV | $751M | -18.3 | — | — | 39.5% | -4.8% | -6.3% | -5.7% | — |
 BAP | $26B | 16.1 | 9.1 | 6.6 | 64.2% | 29.0% | 16.2% | 8.2% | 4.4 |
 GGB | $10B | 34.1 | 6.0 | 36.1 | 11.4% | 8.4% | 2.5% | 6.8% | 1.6 |
 PAGS | $2B | 7.2 | 5.7 | 5.5 | 50.6% | 37.5% | 14.2% | 10.7% | 4.8 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full BSBR Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Start ComparisonBSBR — Frequently Asked Questions
Quick answers to the most common questions about buying BSBR stock.
What is Banco Santander (Brasil) S.A.'s P/E ratio?
Banco Santander (Brasil) S.A.'s current P/E ratio is 17.6x. The historical average is 7.1x. This places it at the 100th percentile of its historical range.
What is Banco Santander (Brasil) S.A.'s EV/EBITDA?
Banco Santander (Brasil) S.A.'s current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.6x.
What is Banco Santander (Brasil) S.A.'s ROE?
Banco Santander (Brasil) S.A.'s return on equity (ROE) is 10.4%. The historical average is 11.3%.
Is BSBR stock overvalued?
Based on historical data, Banco Santander (Brasil) S.A. is trading at a P/E of 17.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Banco Santander (Brasil) S.A.'s dividend yield?
Banco Santander (Brasil) S.A.'s current dividend yield is 5.95% with a payout ratio of 50.9%.
What are Banco Santander (Brasil) S.A.'s profit margins?
Banco Santander (Brasil) S.A. has 27.5% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Banco Santander (Brasil) S.A. have?
Banco Santander (Brasil) S.A.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.