JPMorgan Chase & Co. (JPM) vs Banco Santander, S.A. (SAN)

JPMorgan Chase & Co. and Banco Santander, S.A. are both Banks Diversified companies. JPMorgan Chase & Co. is the larger, with a market value of $902.3B against $208.6B — 4.3× the size. Banco Santander, S.A. trades at the lower P/E: 11.6× against 14.7×. Banco Santander, S.A. grew revenue faster over the last twelve months: 76.4% against 8.04%. JPMorgan Chase & Co. has the higher net margin (21.4% 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 2.49%). Across the 19 metrics below, JPMorgan Chase & Co. leads on 10 and Banco Santander, S.A. on 9.

Valuation

Metric JPM SAN Banks Diversified median
P/E 14.67 11.63 13.67
P/S 3.10 1.50 2.72
P/B 2.61 1.51 1.69
Price to free cash flow n/m n/m 4.53
EV/EBITDA n/m n/m —
EV/Sales (1.46) 1.72 —
Earnings yield 6.82% 8.60% 7.33%
Free cash flow yield (17.61%) (21.86%) 7.63%

Profitability

Metric JPM SAN Banks Diversified median
Gross margin 67.00% 50.17% 67.18%
Operating margin 0.00% 0.00% 0.00%
Net margin 21.38% 14.00% 18.44%
Free cash flow margin (54.61%) (32.77%) 1.96%
Return on equity 18.43% 14.66% 11.14%
Return on assets 1.33% 0.87% 0.74%
Return on invested capital 0.00% 13.45% 0.00%

Growth

Metric JPM SAN Banks Diversified median
Revenue growth (TTM) 8.04% 76.39% 4.67%
EPS growth (last fiscal year) 1.37% 972.92% —
Revenue growth, 5-year CAGR 16.63% 15.04% 14.34%
Net income growth, 5-year CAGR 15.23% 0.00% 10.77%

Health

Metric JPM SAN Banks Diversified median
Debt to equity 1.23 3.89 1.39
Current ratio 0.85 0.24 0.87
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric JPM SAN Banks Diversified median
Dividend yield 2.49% 6.02% 3.80%
Payout ratio 0.26 0.20 0.31

Size

Metric JPM SAN Banks Diversified median
Market cap 902.32b 208.58b 186.46b

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