Santander UK PLC (GB:SANB)
LSE:SANB
Want to see GB:SANB full AI Analyst Report?
Top Page
Santander UK
(LSE:SANB)
Select Model
Select Model
Rating:50Neutral
Price Target:
142.00 p
▼(-4.05% Downside)
Action:Reiterated
Date:03/20/26
The score is held back primarily by weak financial quality signals—especially several years of negative operating/free cash flow and rising leverage—despite positive reported profitability. Technicals also remain bearish with the stock below major moving averages and negative MACD. Offsetting these risks, the dividend yield is attractive, but valuation is hard to confirm because the P/E is not usable as provided.
Positive Factors
Stable UK retail & commercial franchise
Santander UK’s diversified retail and commercial franchise—covering current accounts, mortgages, personal and business lending, payments and distribution partnerships—generates recurring deposit and fee income. This multi-channel model supports durable customer relationships and steady core revenue over the medium term.
Negative Factors
Weak & volatile cash generation
Sustained negative operating and free cash flow across multiple years undermines the bank’s ability to self-fund growth, dividends and regulatory buffers. This persistent volatility increases dependence on external funding, raises refinancing risk and constrains capital allocation flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable UK retail & commercial franchise
Santander UK’s diversified retail and commercial franchise—covering current accounts, mortgages, personal and business lending, payments and distribution partnerships—generates recurring deposit and fee income. This multi-channel model supports durable customer relationships and steady core revenue over the medium term.
Read all positive factors
Santander UK (SANB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
N/A
Dividend Yield5.85%
Average Volume (3M)9.00K
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees18,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.21
Shares Outstanding125,000,000
10 Day Avg. Volume11,828
30 Day Avg. Volume8,996
Financial Highlights & Ratios
PEG Ratio1.95
Price to Book (P/B)1.64
Price to Sales (P/S)2.09
P/FCF Ratio-2.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Santander UK Business Overview & Revenue Model
Company Description
Santander UK plc, together with its subsidiaries, provides a range of banking and financial products and services in the United Kingdom. It operates through Retail Banking, Consumer Finance, Corporate & Commercial Banking, and Corporate Centre seg...
How the Company Makes Money
Santander UK primarily makes money from net interest income: it collects interest on loans (notably residential mortgages, personal loans, credit products and business lending) and pays interest on customer deposits and wholesale funding; the spre...
Santander UK Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.78B | 11.89B | 12.78B | 12.05B | 7.24B | 5.24B |
| Gross Profit | 16.57B | 4.54B | 4.59B | 4.89B | 4.64B | 4.66B |
| EBITDA | -1.03B | 1.80B | 1.65B | 2.39B | 2.17B | 2.35B |
| Net Income | -2.96B | 1.09B | 971.00M | 1.54B | 1.39B | 1.36B |
Balance Sheet | ||||||
| Total Assets | 275.45B | 266.84B | 259.94B | 275.45B | 285.21B | 287.10B |
| Cash, Cash Equivalents and Short-Term Investments | 46.70B | 34.59B | 38.92B | 46.70B | 50.21B | 53.97B |
| Total Debt | 44.95B | 52.60B | 38.25B | 44.95B | 34.12B | 28.10B |
| Total Liabilities | 260.82B | 251.69B | 246.17B | 260.82B | 270.81B | 271.00B |
| Stockholders Equity | 14.62B | 15.15B | 13.77B | 14.62B | 14.41B | 16.10B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -9.21B | -3.86B | -1.52B | -3.47B | 10.23B |
| Operating Cash Flow | 0.00 | -8.80B | -3.33B | -1.13B | -2.97B | 10.85B |
| Investing Cash Flow | 0.00 | 2.96B | -4.54B | -2.75B | -198.00M | 3.08B |
| Financing Cash Flow | 0.00 | 5.41B | 285.00M | 19.00M | 277.00M | -10.75B |
Santander UK Technical Analysis
Neutral
148.00
Price Trends
143.65
Negative
143.46
Negative
142.04
Negative
Market Momentum
-0.21
Negative
51.44
Neutral
38.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SANB, the sentiment is Neutral. The current price of 148 is above the 20-day moving average (MA) of 140.32, above the 50-day MA of 143.65, and above the 200-day MA of 142.04, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 51.44 is Neutral, neither overbought nor oversold. The STOCH value of 38.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:SANB.
Santander UK Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £231.98B | 9.62 | 12.07% | 4.27% | -10.53% | 7.24% | |
70 Outperform | £59.08B | 6.14 | 9.46% | 1.50% | 7.44% | 15.64% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £56.23B | 8.87 | 10.75% | 3.41% | -18.98% | 23.57% | |
66 Neutral | £1.37B | 0.87 | 11.68% | ― | 24.32% | 122.52% | |
60 Neutral | £45.38B | 7.35 | 14.55% | 3.85% | 2.05% | 20.10% | |
50 Neutral | ― | ― | ― | 5.85% | ― | ― |
* Financial Sector Average
GB:SANB
Santander UK
142.00
5.26
3.85%
GB:BARC
Barclays
434.70
118.73
37.58%
GB:HSBA
HSBC Holdings
1,350.00
511.05
60.92%
GB:LLOY
Lloyds Banking
96.60
24.73
34.41%
GB:NBS
Nationwide Building Society
12,950.00
-200.00
-1.52%
GB:NWG
NatWest Group
570.40
100.70
21.44%
Santander UK Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Santander UK Updates and Publishes FCA-Approved €35bn Covered Bond Prospectus
Positive
Mar 17, 2026
Santander UK plc has published an updated prospectus for its €35 billion Global Covered Bond Programme, reflecting legal and regulatory changes and amendments to the documentation governing the issuance. The prospectus, dated 17 March 2026, ...
Delistings and Listing ChangesProduct-Related Announcements
Santander UK to Redeem and Delist Two Structured Note Series After Trigger Event
Neutral
Mar 16, 2026
Santander UK has announced the early redemption of two structured note series, Series 1271 and Series 1272, issued under its Structured Note and Certificate Programme. The redemption was triggered after a predefined condition linked to preference ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Santander UK Updates €35 Billion Global Covered Bond Programme Prospectus
Positive
Mar 10, 2026
Santander UK has published a new supplementary prospectus for its €35 billion Global Covered Bond Programme, following approval by the UK Financial Conduct Authority. The document updates the existing prospectus for the programme, which is a...
Financial DisclosuresRegulatory Filings and Compliance
Santander UK Files 2025 Annual Report and Accounts
Neutral
Mar 10, 2026
Santander UK plc has published its Annual Report and Financial Statements for the year ended 31 December 2025, making the full document available via the Financial Conduct Authority’s National Storage Mechanism and on the bank’s own we...
Private Placements and FinancingProduct-Related AnnouncementsRegulatory Filings and Compliance
Santander UK Amends Final Terms for Upcoming Structured Note Issuance
Neutral
Feb 26, 2026
Santander UK has amended and restated the final terms for Series 1314 securities, ISIN XS3254389326, to be issued on 28 April 2026 under its Structured Note and Certificate Programme. The revised final terms, dated 25 February 2026, fully replace ...
Business Operations and StrategyPrivate Placements and Financing
Santander UK Prices €2.25bn in New Covered Bonds Under €35bn Programme
Positive
Feb 17, 2026
Santander UK has issued final terms for two new series of fixed-rate covered bonds under its €35 billion Global Covered Bond Programme, comprising a €1.25 billion bond maturing in May 2029 and a €1 billion bond maturing in Februa...
Private Placements and FinancingRegulatory Filings and Compliance
Santander UK Updates Prospectus for €35bn Global Covered Bond Programme
Neutral
Feb 4, 2026
Santander UK plc has published a new supplementary prospectus, dated 4 February 2026, to its existing €35 billion Global Covered Bond Programme prospectus, following approval by the UK Financial Conduct Authority. The updated document, which...
Delistings and Listing ChangesProduct-Related Announcements
Santander UK to Redeem Two Series of Structured Securities and Delist Them from LSE
Neutral
Jan 13, 2026
Santander UK plc has announced that two series of structured securities, Series 1267 (ISIN XS2895629231) and Series 1268 (ISIN XS2895630320), issued in January 2025 under its Structured Note and Certificate Programme, will be redeemed on 22 Januar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.