Bank of America Corporation (BAC) vs Banco Santander, S.A. (SAN)

Bank of America Corporation and Banco Santander, S.A. are both Banks Diversified companies. Bank of America Corporation is the larger, with a market value of $392.9B against $208.6B — 1.9× the size. Banco Santander, S.A. trades at the lower P/E: 11.6× against 12.9×. Banco Santander, S.A. grew revenue faster over the last twelve months: 76.4% against −1.02%. Bank of America Corporation has the higher net margin (16.6% vs 14.0%) and the lower return on invested capital (0.00% vs 13.5%). Both pay a dividend; Banco Santander, S.A. yields more (6.02% vs 3.01%). Across the 19 metrics below, Bank of America Corporation leads on 11 and Banco Santander, S.A. on 8.

Valuation

Metric BAC SAN Banks Diversified median
P/E 12.86 11.63 13.67
P/S 2.10 1.50 2.72
P/B 1.47 1.51 1.69
Price to free cash flow 4.32 n/m 4.53
EV/EBITDA n/m n/m —
EV/Sales (1.37) 1.72 —
Earnings yield 7.78% 8.60% 7.33%
Free cash flow yield 23.13% (21.86%) 7.63%

Profitability

Metric BAC SAN Banks Diversified median
Gross margin 61.68% 50.17% 67.18%
Operating margin 0.00% 0.00% 0.00%
Net margin 16.62% 14.00% 18.44%
Free cash flow margin 49.01% (32.77%) 1.96%
Return on equity 11.64% 14.66% 11.14%
Return on assets 0.93% 0.87% 0.74%
Return on invested capital 0.00% 13.45% 0.00%

Growth

Metric BAC SAN Banks Diversified median
Revenue growth (TTM) (1.02%) 76.39% 4.67%
EPS growth (last fiscal year) 18.69% 972.92% —
Revenue growth, 5-year CAGR 15.36% 15.04% 14.34%
Net income growth, 5-year CAGR 12.02% 0.00% 10.77%

Health

Metric BAC SAN Banks Diversified median
Debt to equity 1.13 3.89 1.39
Current ratio 0.83 0.24 0.87
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BAC SAN Banks Diversified median
Dividend yield 3.01% 6.02% 3.80%
Payout ratio 0.25 0.20 0.31

Size

Metric BAC SAN Banks Diversified median
Market cap 392.85b 208.58b 186.46b

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