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Banco Santander-Chile

SNSE:BSANTANDER
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BSANTANDER
SNSE
CLP9,021B
Market Cap
  1. Home
  2. CL
  3. Banks
Company description

Banco Santander-Chile provides commercial and retail banking products and services in Chile. The last earnings update was 20 days ago. More info.


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BSANTANDER Share Price and Events
7 Day Returns
7.8%
SNSE:BSANTANDER
6.3%
CL Banks
4.4%
CL Market
1 Year Returns
-7.2%
SNSE:BSANTANDER
-7.8%
CL Banks
-10%
CL Market
BSANTANDER Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco Santander-Chile (BSANTANDER) 7.8% -6.9% -5.2% -7.2% 25.8% 42.5%
CL Banks 6.3% -7.8% -6.9% -7.8% 29.5% 48.3%
CL Market 4.4% -7.3% -1.8% -10% 5.4% 1.1%
1 Year Return vs Industry and Market
  • BSANTANDER matched the Banks industry (-7.8%) over the past year.
  • BSANTANDER outperformed the Market in Chile which returned -10% over the past year.
Price Volatility
BSANTANDER
Industry
5yr Volatility vs Market

Value

 Is Banco Santander-Chile undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Banco Santander-Chile to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Banco Santander-Chile.

SNSE:BSANTANDER Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= CLP20.58 * 18.5%
CLP3.81
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. CLP20.58
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year CL Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SNSE:BSANTANDER
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 26%) (203.98%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.28%

Discounted Cash Flow Calculation for SNSE:BSANTANDER using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banco Santander-Chile is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SNSE:BSANTANDER Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (18.5% – 10.28%) * CLP20.58)
CLP1.70
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CLP1.70 / (10.28% - 2.73%)
CLP22.48
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CLP20.58 + CLP22.48
CLP43.07
SNSE:BSANTANDER Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP43.07
Current discount Discount to share price of CLP47.87
= -1 x (CLP47.87 - CLP43.07) / CLP43.07
-11.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Banco Santander-Chile is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Banco Santander-Chile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco Santander-Chile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:BSANTANDER PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP3.17
SNSE:BSANTANDER Share Price ** SNSE (2019-11-18) in CLP CLP47.87
Chile Banks Industry PE Ratio Median Figure of 7 Publicly-Listed Banks Companies 15.55x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Banco Santander-Chile.

SNSE:BSANTANDER PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SNSE:BSANTANDER Share Price ÷ EPS (both in CLP)

= 47.87 ÷ 3.17

15.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Santander-Chile is good value based on earnings compared to the CL Banks industry average.
  • Banco Santander-Chile is overvalued based on earnings compared to the Chile market.
Price based on expected Growth
Does Banco Santander-Chile's expected growth come at a high price?
Raw Data
SNSE:BSANTANDER PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
11.5%per year
South America Banks Industry PEG Ratio Median Figure of 23 Publicly-Listed Banks Companies 0.95x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

SNSE:BSANTANDER PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.09x ÷ 11.5%

1.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Santander-Chile is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Banco Santander-Chile's assets?
Raw Data
SNSE:BSANTANDER PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP17.82
SNSE:BSANTANDER Share Price * SNSE (2019-11-18) in CLP CLP47.87
Chile Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 1.71x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.03x
SNSE:BSANTANDER PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:BSANTANDER Share Price ÷ Book Value per Share (both in CLP)

= 47.87 ÷ 17.82

2.69x

* Primary Listing of Banco Santander-Chile.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Santander-Chile is overvalued based on assets compared to the CL Banks industry average.
X
Value checks
We assess Banco Santander-Chile's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Banco Santander-Chile has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Banco Santander-Chile expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco Santander-Chile expected to grow at an attractive rate?
  • Banco Santander-Chile's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Banco Santander-Chile's earnings growth is positive but not above the Chile market average.
  • Banco Santander-Chile's revenue growth is expected to exceed the Chile market average.
Annual Growth Rates Comparison
Raw Data
SNSE:BSANTANDER Future Growth Rates Data Sources
Data Point Source Value (per year)
SNSE:BSANTANDER Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 11.5%
SNSE:BSANTANDER Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 12.5%
Chile Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
South America Banks Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Chile Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SNSE:BSANTANDER Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:BSANTANDER Future Estimates Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,330,435 744,569 7
2020-12-31 2,138,359 668,857 9
2019-12-31 1,910,925 588,972 3
2019-11-19
SNSE:BSANTANDER Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 1,537,495 -1,272,501 597,917
2019-06-30 1,526,192 -183,856 586,625
2019-03-31 1,488,301 -916,202 569,747
2018-12-31 1,502,610 -652,828 595,333
2018-09-30 1,429,125 544,737 563,767
2018-06-30 1,449,265 -638,432 573,661
2018-03-31 1,456,595 1,386,759 571,442
2017-12-31 1,444,206 693,439 562,801
2017-09-30 1,454,310 553,875 542,486
2017-06-30 1,409,742 421,280 527,139
2017-03-31 1,365,675 -443,521 493,003
2016-12-31 1,347,592 -501,484 476,067

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco Santander-Chile's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Banco Santander-Chile's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:BSANTANDER Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Banco Santander-Chile Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:BSANTANDER Future Estimates Data
Date (Data in CLP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.95 4.11 3.87 5.00
2020-12-31 3.54 3.74 3.06 7.00
2019-12-31 3.18 3.19 3.16 2.00
2019-11-19
SNSE:BSANTANDER Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 3.17
2019-06-30 3.11
2019-03-31 3.02
2018-12-31 3.16
2018-09-30 2.99
2018-06-30 3.04
2018-03-31 3.03
2017-12-31 2.99
2017-09-30 2.88
2017-06-30 2.80
2017-03-31 2.62
2016-12-31 2.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Banco Santander-Chile is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banco Santander-Chile's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Chile market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Banco Santander-Chile has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Banco Santander-Chile performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Banco Santander-Chile's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Banco Santander-Chile's year on year earnings growth rate has been positive over the past 5 years.
  • Banco Santander-Chile's 1-year earnings growth exceeds its 5-year average (6.1% vs 3.4%)
  • Banco Santander-Chile's earnings growth has not exceeded the CL Banks industry average in the past year (6.1% vs 14.8%).
Earnings and Revenue History
Banco Santander-Chile's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Banco Santander-Chile Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:BSANTANDER Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,537,495.00 597,917.00 721,925.00
2019-06-30 1,526,192.00 586,625.00 714,843.00
2019-03-31 1,488,301.00 569,747.00 709,233.00
2018-12-31 1,502,610.00 595,333.00 699,234.00
2018-09-30 1,429,125.00 563,767.00 687,655.00
2018-06-30 1,449,265.00 573,661.00 694,538.00
2018-03-31 1,456,595.00 571,442.00 684,089.00
2017-12-31 1,444,206.00 562,801.00 682,067.00
2017-09-30 1,454,310.00 542,486.00 686,922.00
2017-06-30 1,409,742.00 527,139.00 670,121.00
2017-03-31 1,365,675.00 493,003.00 668,218.00
2016-12-31 1,347,592.00 476,067.00 665,476.00
2016-09-30 1,295,567.00 447,089.00 657,826.00
2016-06-30 1,291,924.00 454,364.00 654,339.00
2016-03-31 1,295,311.00 478,428.00 653,760.00
2015-12-31 1,245,073.00 448,466.00 639,390.00
2015-09-30 1,317,691.00 503,836.00 613,425.00
2015-06-30 1,270,676.00 484,713.00 592,941.00
2015-03-31 1,279,372.00 503,965.00 581,562.00
2014-12-31 1,302,420.00 569,910.00 569,281.00
2014-09-30 1,324,885.00 585,940.00 557,011.00
2014-06-30 1,315,157.00 576,982.00 557,111.00
2014-03-31 1,153,798.00 502,890.00 545,515.00
2013-12-31 1,142,501.00 442,294.00 541,036.00
2013-09-30 1,000,764.00 349,946.00 545,919.00
2013-06-30 957,876.00 299,416.00 536,691.00
2013-03-31 967,181.00 319,380.00 530,800.00
2012-12-31 1,003,996.00 356,808.00 523,732.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Banco Santander-Chile has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco Santander-Chile used its assets more efficiently than the CL Banks industry average last year based on Return on Assets.
  • Unable to establish if Banco Santander-Chile improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Banco Santander-Chile's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Banco Santander-Chile has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Banco Santander-Chile's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Banco Santander-Chile's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Banco Santander-Chile Company Filings, last reported 1 month ago.

SNSE:BSANTANDER Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,405,338.00 18,248,601.00 9,381,071.00
2019-06-30 3,331,446.00 14,773,844.00 5,552,248.00
2019-03-31 3,368,189.00 12,964,869.00 4,209,263.00
2018-12-31 3,245,460.00 12,527,978.00 4,731,248.00
2018-09-30 3,129,481.00 12,263,688.00 3,910,445.00
2018-06-30 3,043,130.00 11,774,784.00 4,359,085.00
2018-03-31 3,212,468.00 11,165,438.00 3,960,757.00
2017-12-31 3,147,920.00 11,217,358.00 4,673,033.00
2017-09-30 3,018,381.00 10,452,976.00 4,790,716.00
2017-06-30 2,925,308.00 11,163,168.00 4,541,272.00
2017-03-31 2,998,478.00 11,662,123.00 5,709,602.00
2016-12-31 2,938,199.00 11,775,083.00 6,218,266.00
2016-09-30 2,825,829.00 11,034,925.00 4,933,398.00
2016-06-30 2,735,706.00 11,202,140.00 5,816,525.00
2016-03-31 2,852,248.00 9,880,229.00 5,353,443.00
2015-12-31 2,802,555.00 10,291,728.00 6,923,237.00
2015-09-30 2,683,641.00 11,034,617.00 7,068,124.00
2015-06-30 2,610,369.00 9,851,729.00 6,468,148.00
2015-03-31 2,664,199.00 9,176,486.00 5,251,062.00
2014-12-31 2,642,979.00 9,997,974.00 6,182,052.00
2014-09-30 2,514,194.00 9,623,635.00 4,752,561.00
2014-06-30 2,445,406.00 9,120,022.00 3,170,663.00
2014-03-31 2,453,710.00 8,885,323.00 3,283,547.00
2013-12-31 2,372,456.00 8,381,792.00 4,279,750.00
2013-09-30 2,240,502.00 7,893,995.00 3,796,555.00
2013-06-30 2,164,304.00 7,654,809.00 2,420,256.00
2013-03-31 2,228,855.00 6,007,390.00 2,773,194.00
2012-12-31 2,196,501.00 7,459,570.00 3,801,618.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Banco Santander-Chile has an acceptable proportion of non-loan assets held.
  • Banco Santander-Chile's liabilities are made up of primarily higher risk sources of funding.
  • Banco Santander-Chile has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Banco Santander-Chile's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banco Santander-Chile has a sufficient allowance for bad loans.
  • Banco Santander-Chile has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Banco Santander-Chile's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Banco Santander-Chile has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Banco Santander-Chile's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.94%
Current annual income from Banco Santander-Chile dividends. Estimated to be 4.35% next year.
If you bought CLP2,000 of Banco Santander-Chile shares you are expected to receive CLP79 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Banco Santander-Chile's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Banco Santander-Chile's dividend is below the markets top 25% of dividend payers in Chile (5.31%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:BSANTANDER Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Chile Banks Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.1%
Chile Market Average Dividend Yield Market Cap Weighted Average of 133 Stocks 4%
Chile Minimum Threshold Dividend Yield 10th Percentile 0.9%
Chile Bottom 25% Dividend Yield 25th Percentile 2.1%
Chile Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SNSE:BSANTANDER Future Dividends Estimate Data
Date (Data in CLP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.24 6.00
2020-12-31 2.04 8.00
2019-12-31 1.88 3.00
2019-11-19
SNSE:BSANTANDER Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-04-24 1.885 3.776
2018-04-30 2.250 4.346
2018-04-26 2.248 4.446
2017-04-28 1.755 3.770
2017-03-24 1.755 4.303
2017-02-24 1.755 4.582
2017-01-31 1.755 4.972
2016-04-29 1.787 5.185
2016-04-28 1.787 5.579
2015-09-02 1.752 5.503
2015-05-14 1.752 5.322
2015-03-04 1.752 5.244
2014-08-01 1.407 4.335
2014-07-31 1.407 3.860
2014-05-12 1.410 3.918
2014-02-28 1.407 4.383
2013-04-15 1.235 4.093
2012-08-02 1.385 4.085
2012-07-17 1.385 3.822
2012-05-16 1.385 3.813
2012-05-03 1.385 3.712
2012-04-05 1.385 3.562
2011-05-02 1.520 3.971
2011-04-26 1.519 3.769
2011-01-10 1.370 3.493
2010-11-02 1.370 3.178
2010-08-04 1.373 3.177
2010-07-15 1.370 3.354
2010-04-15 1.370 4.027
2010-02-05 1.370 4.062
2009-06-30 1.132 3.987
2009-01-15 1.132 5.405

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Banco Santander-Chile's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Banco Santander-Chile's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Banco Santander-Chile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco Santander-Chile has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Banco Santander-Chile's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Miguel Mata Huerta
TENURE AS CEO 1.7 years
CEO Bio

Mr. Miguel Mata Huerta has been the Chief Executive Officer of Banco Santander-Chile since March 1, 2018, and serves as its General Manager. Mr. Huerta served as Deputy General Manager at Banco Santander-Chile since April 2016 until March 1, 2018. Mr. Huerta served as the Chief Financial Officer of Banco Santander-Chile since November 1, 2011 until April 2016. Mr. Huerta served as the Management Information System Director of Banco Santander (known as Santiago). His division developed information systems that deliver to all the business units of Banco Santander the information necessary to make their daily decisions, including spreads, costs, efficiency and profitability. His responsibilities also included supervising the accounting department, preparing the financial statements and reporting to the Board of Directors, the shareholders and the Chilean and U.S. banking authorities. Since joining the Banco Santander in 1990, he has held several positions at Santiago and O'Higgins. He serves as a Director of Santander Chile Holding S.A. Mr. Huerta holds a degree in Industrial Civil Engineering from the Universidad Catlica de Chile.

CEO Compensation
  • Insufficient data for Miguel to compare compensation growth.
  • Insufficient data for Miguel to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Banco Santander-Chile management team in years:

4.7
Average Tenure
  • The tenure for the Banco Santander-Chile management team is about average.
Management Team

Claudio Melandri Hinojosa

TITLE
Executive Chairman
TENURE
1.7 yrs

Miguel Mata Huerta

TITLE
CEO & GM
TENURE
1.7 yrs

Ana Botin

TITLE
President

Emiliano Muratore

TITLE
Chief Financial Officer
TENURE
3.6 yrs

Ricardo Jeffery

TITLE
Director of Technology & Operations
AGE
54
TENURE
5.1 yrs

Felipe Contreras Fajardo

TITLE
Chief Accounting officer
TENURE
11.1 yrs

Sergio Ávila Salas

TITLE
Director of Administration & Costs
TENURE
4.7 yrs

Robert Moreno Heimlich

TITLE
Manager of Investor Relations

Cristian Kauer

TITLE
General Counsel
TENURE
7.2 yrs

Roberto Sapag

TITLE
Corporate Communications & Sustainability Manager
Board of Directors Tenure

Average tenure and age of the Banco Santander-Chile board of directors in years:

1.7
Average Tenure
66
Average Age
  • The average tenure for the Banco Santander-Chile board of directors is less than 3 years, this suggests a new board.
Board of Directors

Orlando Poblete Iturrate

TITLE
Second Vice President of the Board
TENURE
1.7 yrs

Claudio Melandri Hinojosa

TITLE
Executive Chairman
TENURE
1.7 yrs

Félix de Vicente Mingo

TITLE
Independent Director

Rodrigo Vergara Montes

TITLE
First Vice President of the Board
AGE
57
TENURE
1.3 yrs

Oscar von Chrismar Carvajal

TITLE
Alternate Director
AGE
66

Alfonso Gómez Morales

TITLE
Independent Director
TENURE
1.7 yrs

Juan Pedro Santa Maria Perez

TITLE
Corporate Legal Director of the Group & Director
TENURE
7.3 yrs

Lucía Santa Cruz Sutil

TITLE
Director
TENURE
16.3 yrs

Ana Dorrego de Carlos

TITLE
Director
TENURE
4.7 yrs

Rodrigo Echenique Gordillo

TITLE
Director
AGE
73
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CLP) Value (CLP)
X
Management checks
We assess Banco Santander-Chile's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Banco Santander-Chile has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines. It also provides mutual funds, insurance and stock brokerage, foreign exchange, leasing, factoring, financial consulting, investment management, foreign trade and mortgage financing, treasury, and transactional services, as well as specialized services to finance projects for the real estate industry. In addition, the company offers short-term financing and fund raising, brokerage services, derivatives, securitization, and other tailor-made products. It serves individuals, small to middle-sized entities, companies, and large corporations, as well as universities, government entities, and local and regional governments. The company operates 380 branches, which include 266 under the Santander brand name, 46 under the Select brand name, 7 specialized branches for the middle market, and 21 as auxiliary and payment centers, as well as 910 ATMs. Banco Santander-Chile was founded in 1977 and is headquartered in Santiago, Chile.

Details
Name: Banco Santander-Chile
BSANTANDER
Exchange: SNSE
Founded: 1977
CLP9,020,916,089,628
188,446,126,794
Website: http://www.santander.cl
Address: Banco Santander-Chile
Bandera 140,
20th Floor,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE BSANTANDER Common Stock Santiago Stock Exchange CL CLP 09. Jun 1997
NYSE BSAC ADR-EACH REPR 400 COM NPV New York Stock Exchange US USD 13. Jan 1997
DB BSA ADR-EACH REPR 400 COM NPV Deutsche Boerse AG DE EUR 13. Jan 1997
Number of employees
Current staff
Staff numbers
10,802
Banco Santander-Chile employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 18:01
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.