Barclays PLC (BCS) vs Banco Santander, S.A. (SAN)

Barclays PLC and Banco Santander, S.A. are both Banks Diversified companies. Banco Santander, S.A. is the larger, with a market value of $208.6B against $81.8B — 2.5× the size. Barclays PLC trades at the lower P/E: 9.3× against 11.6×. Banco Santander, S.A. grew revenue faster over the last twelve months: 76.4% against 12.4%. Barclays PLC has the higher net margin (22.3% 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 5.84%). Across the 19 metrics below, Barclays PLC leads on 10 and Banco Santander, S.A. on 9.

Valuation

Metric BCS SAN Banks Diversified median
P/E 9.26 11.63 13.67
P/S 2.04 1.50 2.72
P/B 0.79 1.51 1.69
Price to free cash flow 0.90 n/m 4.53
EV/EBITDA n/m n/m —
EV/Sales (4.38) 1.72 —
Earnings yield 10.80% 8.60% 7.33%
Free cash flow yield 110.54% (21.86%) 7.63%

Profitability

Metric BCS SAN Banks Diversified median
Gross margin 100.00% 50.17% 67.18%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.30% 14.00% 18.44%
Free cash flow margin 246.32% (32.77%) 1.96%
Return on equity 8.81% 14.66% 11.14%
Return on assets 0.41% 0.87% 0.74%
Return on invested capital 0.00% 13.45% 0.00%

Growth

Metric BCS SAN Banks Diversified median
Revenue growth (TTM) 12.37% 76.39% 4.67%
EPS growth (last fiscal year) 21.20% 972.92% —
Revenue growth, 5-year CAGR 6.58% 15.04% 14.34%
Net income growth, 5-year CAGR 32.96% 0.00% 10.77%

Health

Metric BCS SAN Banks Diversified median
Debt to equity 5.76 3.89 1.39
Current ratio 1.46 0.24 0.87
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BCS SAN Banks Diversified median
Dividend yield 5.84% 6.02% 3.80%
Payout ratio 0.21 0.20 0.31

Size

Metric BCS SAN Banks Diversified median
Market cap 81.81b 208.58b 186.46b

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