SAN
Banco Santander S.A. Financial Services - Banking Investor Relations →
Banco Santander S.A. (SAN) closed at $10.53 as of 2026-03-20, trading 98.8% above its 200-week moving average of $5.30. The stock is currently moving closer to the line, down from 104.9% last week. The 14-week RSI sits at 43, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.19 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1968 weeks of data, SAN has crossed below its 200-week moving average 30 times. On average, these episodes lasted 28 weeks. The average one-year return after crossing below was -2.6%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $153.7 billion, SAN is a large-cap stock. Return on equity stands at 12.7%. The stock trades at 1.3x book value.
The company has been aggressively buying back shares, reducing its share count by 12.6% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in SAN would have grown to $1902, compared to $2683 for the S&P 500. SAN has returned 9.3% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: SAN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After SAN Crosses Below the Line?
Across 23 historical episodes, buying SAN when it crossed below its 200-week moving average produced an average return of +3.8% after 12 months (median +1.0%), compared to +8.5% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +7.2% vs +22.8% for the index.
Each line shows $100 invested at the moment SAN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
SAN has crossed below its 200-week MA 30 times with an average 1-year return of +-2.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 1989 | Jul 1989 | 11 | 8.5% | -4.9% | +1542.6% |
| Aug 1989 | Sep 1989 | 6 | 2.3% | -6.3% | +1519.0% |
| Oct 1989 | Dec 1989 | 10 | 4.1% | -9.8% | +1492.4% |
| Jan 1990 | Jul 1990 | 26 | 31.8% | -11.0% | +1515.1% |
| Jul 1990 | Nov 1990 | 15 | 23.9% | -0.7% | +1561.8% |
| Nov 1990 | Dec 1990 | 1 | 4.4% | -10.1% | +1613.9% |
| Dec 1990 | Jan 1991 | 6 | 9.7% | -13.5% | +1632.3% |
| Jun 1991 | May 1992 | 46 | 18.9% | +4.4% | +1661.0% |
| Jun 1992 | Jun 1992 | 1 | 2.4% | +6.7% | +1586.3% |
| Jul 1992 | Apr 1993 | 40 | 26.2% | +3.3% | +1694.2% |
| Jul 1993 | Jul 1993 | 1 | 0.3% | +8.5% | +1636.1% |
| May 1994 | Jul 1994 | 6 | 10.3% | +13.4% | +1653.7% |
| Jan 1995 | Jan 1995 | 3 | 2.0% | +43.2% | +1550.8% |
| Feb 1995 | Apr 1995 | 6 | 9.6% | +44.1% | +1560.3% |
| Nov 2000 | Dec 2000 | 2 | 2.0% | -0.8% | +348.0% |
| Mar 2001 | Apr 2001 | 6 | 8.9% | -4.4% | +331.4% |
| May 2001 | Jun 2003 | 105 | 43.9% | +0.7% | +321.0% |
| Oct 2008 | Jul 2009 | 41 | 62.3% | +39.3% | +126.8% |
| Feb 2010 | Mar 2010 | 4 | 6.6% | +1.4% | +101.0% |
| Mar 2010 | Mar 2010 | 2 | 1.8% | -8.1% | +89.0% |
| Apr 2010 | Oct 2010 | 25 | 33.5% | -5.3% | +90.7% |
| Oct 2010 | Jan 2013 | 115 | 43.2% | -23.7% | +90.3% |
| Jan 2013 | Sep 2013 | 32 | 19.9% | +16.2% | +128.4% |
| Jan 2015 | Jan 2015 | 1 | 2.5% | -33.5% | +132.1% |
| Jan 2015 | Feb 2015 | 1 | 2.6% | -34.8% | +132.8% |
| Mar 2015 | Mar 2015 | 1 | 1.2% | -23.2% | +130.1% |
| Aug 2015 | Apr 2017 | 89 | 41.3% | -31.7% | +129.0% |
| May 2018 | May 2021 | 156 | 60.2% | -18.1% | +140.9% |
| Jun 2021 | Jan 2022 | 33 | 20.6% | -25.9% | +212.5% |
| Feb 2022 | Jan 2023 | 45 | 31.6% | +8.0% | +242.8% |
| Average | 28 | — | +-2.6% | — |
Frequently Asked Questions
Is SAN below its 200-week moving average?
No. Banco Santander S.A. (SAN) is currently 98.8% above its 200-week moving average of $5.30. It would need to fall to $5.30 to cross below the line.
What is SAN's 200-week moving average price?
Banco Santander S.A.'s 200-week moving average is $5.30 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when SAN drops below its 200-week moving average?
SAN has crossed below its 200-week moving average 30 times in our data. The average one-year return after these crossings was -2.6%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 28 weeks on average.
Is SAN a good value right now?
Here's what our data says about SAN as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 43. Return on equity is 12.7%. Price-to-book is 1.3x. This is not a buy or sell recommendation — always do your own research.
How does SAN compare to the S&P 500?
Over the past 33.2 years, $100 invested in SAN would have grown to $1902, compared to $2683 for the S&P 500. That's 9.3% annualized vs 10.4% for the index. SAN has underperformed the broader market over this period.
Does SAN pay a dividend?
Yes. Banco Santander S.A. currently pays a dividend yield of 266.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20