SAN
Banco Santander S.A. Financial Services - Banking Investor Relations →
Banco Santander S.A. (SAN) closed at $14.31 as of 2026-09-18, trading 115.2% above its 200-week moving average of $6.65. The stock is currently moving closer to the line, down from 127.0% last week. The 14-week RSI sits at 68, indicating neutral momentum.
Trading volume is running at 0.7x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.81 ratio) is neutral — neither side is clearly dominating.
Over the past 1994 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 $207.6 billion, SAN is a large-cap stock. Return on equity stands at 13.1%. The stock trades at 1.6x 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 33.8 years, a hypothetical investment of $100 in SAN would have grown to $2617, compared to $3167 for the S&P 500. SAN has returned 10.2% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 +3.7% 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 +7.0% 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.
Dislocation Scores Experimental
Each score measures deviation from SAN's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
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 | 8.6% | -4.9% | +2159.8% |
| Aug 1989 | Sep 1989 | 6 | 2.3% | -6.3% | +2127.4% |
| Oct 1989 | Dec 1989 | 10 | 3.3% | -9.8% | +2090.7% |
| Jan 1990 | Jul 1990 | 26 | 31.8% | -11.0% | +2121.9% |
| Jul 1990 | Nov 1990 | 15 | 23.9% | -0.7% | +2186.2% |
| Nov 1990 | Dec 1990 | 1 | 4.5% | -10.1% | +2257.9% |
| Dec 1990 | Jan 1991 | 6 | 9.7% | -13.5% | +2283.2% |
| Jun 1991 | May 1992 | 46 | 18.9% | +4.4% | +2322.6% |
| Jun 1992 | Jun 1992 | 1 | 2.4% | +6.7% | +2219.9% |
| Jul 1992 | Apr 1993 | 40 | 26.2% | +3.3% | +2368.3% |
| Jul 1993 | Jul 1993 | 1 | 0.3% | +8.5% | +2288.4% |
| May 1994 | Jul 1994 | 6 | 6.5% | +13.4% | +2312.6% |
| Jan 1995 | Jan 1995 | 2 | 2.1% | +43.2% | +2171.1% |
| Feb 1995 | Apr 1995 | 6 | 9.7% | +44.1% | +2184.2% |
| Nov 2000 | Dec 2000 | 2 | 2.1% | -0.8% | +516.3% |
| Mar 2001 | Apr 2001 | 6 | 8.9% | -4.4% | +493.6% |
| May 2001 | Jun 2003 | 105 | 43.9% | +0.7% | +479.2% |
| Oct 2008 | Jul 2009 | 41 | 62.4% | +39.3% | +212.0% |
| Feb 2010 | Mar 2010 | 4 | 6.7% | +1.4% | +176.5% |
| Mar 2010 | Mar 2010 | 2 | 1.9% | -8.1% | +160.0% |
| Apr 2010 | Oct 2010 | 25 | 33.5% | -5.3% | +162.3% |
| Oct 2010 | Jan 2013 | 115 | 43.3% | -23.7% | +161.8% |
| Jan 2013 | Sep 2013 | 32 | 20.0% | +16.2% | +214.2% |
| Jan 2015 | Jan 2015 | 1 | 0.3% | -35.1% | +211.4% |
| Jan 2015 | Feb 2015 | 1 | 2.8% | -34.0% | +220.3% |
| Mar 2015 | Mar 2015 | 1 | 1.4% | -23.2% | +216.5% |
| Aug 2015 | Apr 2017 | 89 | 41.4% | -31.7% | +215.1% |
| May 2018 | May 2021 | 156 | 60.3% | -18.1% | +231.4% |
| Jun 2021 | Jan 2022 | 33 | 20.7% | -25.9% | +329.9% |
| Feb 2022 | Jan 2023 | 45 | 31.7% | +8.0% | +371.6% |
| Average | 28 | — | +-2.6% | — |
Frequently Asked Questions
Is SAN below its 200-week moving average?
No. Banco Santander S.A. (SAN) is currently 115.2% above its 200-week moving average of $6.65. It would need to fall to $6.65 to cross below the line.
What is SAN's 200-week moving average price?
Banco Santander S.A.'s 200-week moving average is $6.65 as of 2026-09-18. 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 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 68. Return on equity is 13.1%. Price-to-book is 1.6x. 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 33.8 years, $100 invested in SAN would have grown to $2617, compared to $3167 for the S&P 500. That's 10.2% annualized vs 10.8% 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 194.00%.
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 2026-09-18