Banco Santander Chile (BSAC) vs Banco Santander Brasil SA (BSBR)

Banco Santander Chile and Banco Santander Brasil SA are both Banks Regional companies. Banco Santander Brasil SA is the larger, with a market value of $20.9B against $15.5B — 1.4× the size. Banco Santander Brasil SA trades at the lower P/E: 7.4× against 12.5×. Banco Santander Brasil SA grew revenue faster over the last twelve months: 18.6% against 1.92%. Banco Santander Chile has the higher net margin (24.0% vs 7.49%) and the higher return on invested capital (554.7% vs 13.4%). Only Banco Santander Brasil SA pays a dividend (6.14%). Across the 19 metrics below, Banco Santander Brasil SA leads on 10 and Banco Santander Chile on 9.

Valuation

Metric BSAC BSBR Banks Regional median
P/E 12.48 7.36 11.98
P/S 2.90 0.61 2.34
P/B 2.71 0.83 1.19
Price to free cash flow 196.51 2.77 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.01% 13.59% 8.23%
Free cash flow yield 0.51% 36.11% 9.08%

Profitability

Metric BSAC BSBR Banks Regional median
Gross margin 62.83% 40.78% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.02% 7.49% 18.66%
Free cash flow margin 0.00% 22.08% 21.11%
Return on equity 23.60% 10.99% 10.65%
Return on assets 1.69% 1.10% 1.13%
Return on invested capital 554.73% 13.40% 8.35%

Growth

Metric BSAC BSBR Banks Regional median
Revenue growth (TTM) 1.92% 18.60% 6.98%
EPS growth (last fiscal year) 31.91% 5.26% 18.88%
Revenue growth, 5-year CAGR 8.18% 20.06% 12.38%
Net income growth, 5-year CAGR 9.56% (2.56%) 9.71%

Health

Metric BSAC BSBR Banks Regional median
Debt to equity 2.06 3.34 0.22
Current ratio 1.72 1.56 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BSAC BSBR Banks Regional median
Dividend yield 0.00% 6.14% 2.57%
Payout ratio 0.00 — 0.30

Size

Metric BSAC BSBR Banks Regional median
Market cap 15.46b 20.93b 913.33m

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