SAN vs LIN

Comparison between Banco Santander S.A. (SAN, Company) and Linde Plc. (LIN, Company).

SAN is from the Financial Services sector, while LIN is from the Basic Materials sector.

5-Year PerformanceSAN has outperformed LIN, delivering a return of +36.7% compared to +10.9%

SAN vs LIN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SAN(COMPANY)	LIN(COMPANY)
Market Cap	$218B	$222B
Max Drawdown	91.95%	32.90%
Sharpe Ratio	1.42	0.07
5Y Beta	1.08	0.47
Industry	Banks - Diversified	Specialty Chemicals
P/E Ratio	12.39	29.90
Forward P/E	12.14	27.25
PEG Ratio	0.43	1.69
Dividend Yield	0.88%	1.29%
5Y Dividends CAGR	53.32%	13.73%
5Y EPS CAGR	26.00%	N/A
Debt to Equity	412.31%	59.24%
Free Cash Flow Yield	-5.33%	2.24%
P/S Ratio	4.33	6.28
P/B Ratio	1.66	5.81

Market Cap

SAN

$218B

Winner

LIN

$222B

Max Drawdown

SAN

91.95%

Winner

LIN

32.90%

Sharpe Ratio

Winner

SAN

1.42

LIN

0.07

5Y Beta

SAN

1.08

Winner

LIN

0.47

Industry

SAN

Banks - Diversified

LIN

Specialty Chemicals

P/E Ratio

Winner

SAN

12.39

LIN

29.90

Forward P/E

Winner

SAN

12.14

LIN

27.25

PEG Ratio

Winner

SAN

0.43

LIN

1.69

Dividend Yield

SAN

0.88%

Winner

LIN

1.29%

5Y Dividends CAGR

Winner

SAN

53.32%

LIN

13.73%

5Y EPS CAGR

SAN

26.00%

LIN

N/A

Debt to Equity

SAN

412.31%

Winner

LIN

59.24%

Free Cash Flow Yield

SAN

-5.33%

Winner

LIN

2.24%

P/S Ratio

Winner

SAN

4.33

LIN

6.28

P/B Ratio

Winner

SAN

1.66

LIN

5.81

SAN vs LIN - Historical Returns

Returns include dividend reinvestment.

Period	SAN	LIN
1 month	+8.71%	-4.34%
3 months	+22.26%	-5.02%
6 months	+19.17%	-2.14%
1 year	+57.31%	+3.92%
5 years(CAGR)	+36.72%	+10.90%
10 years(CAGR)	+17.66%	N/A
Max(CAGR)	+7.16%	+16.15%

Winner

SAN

+8.71%

LIN

-4.34%

Winner

SAN

+22.26%

LIN

-5.02%

Winner

SAN

+19.17%

LIN

-2.14%

Winner

SAN

+57.31%

LIN

+3.92%

5Y(CAGR)

Winner

SAN

+36.72%

LIN

+10.90%

10Y(CAGR)

SAN

+17.66%

LIN

N/A

Max(CAGR)

SAN

+7.16%

Winner

LIN

+16.15%

SAN vs LIN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SAN	LIN
2026	+23.51%	+14.94%
2025	+170.82%	+4.33%
2024	+14.07%	+3.46%
2023	+43.71%	+30.80%
2022	-8.56%	-2.20%
2021	+9.70%	+35.80%
2020	-25.25%	+27.19%
2019	-2.89%	+38.03%
2018	-28.63%	-7.11%
2017	+28.99%	N/A
2016	+12.36%	N/A
2015	-39.24%	N/A
2014	+1.48%	N/A
2013	+20.04%	N/A
2012	+19.88%	N/A
2011	-24.51%	N/A
2010	-33.86%	N/A
2009	+79.54%	N/A
2008	-52.24%	N/A
2007	+17.07%	N/A
2006	+41.85%	N/A
2005	+10.17%	N/A
2004	+6.28%	N/A
2003	+73.58%	N/A
2002	-3.61%	N/A
2001	-10.30%	N/A
2000	-7.51%	N/A
1999	+13.39%	N/A

SAN vs LIN Drawdown Comparison

The maximum drawdown for SAN was -83.02%, occurring on Sep 23, 2020. Recovery took 4309 trading sessions.

The maximum drawdown for LIN was -32.57%, occurring on Mar 23, 2020. Recovery took 96 trading sessions.

The current SAN drawdown is -0.67%. The current LIN drawdown is -10.36%.

Rank	SAN	LIN
#1	-83.02% May 15, 2008 - Jul 2, 2025	-32.57% Feb 18, 2020 - Jul 6, 2020
#2	-49.53% May 3, 2002 - Jun 16, 2003	-22.82% Dec 31, 2021 - Nov 23, 2022
#3	-38.84% Jan 18, 2001 - Apr 19, 2002	-19.19% Sep 11, 2025 - Feb 17, 2026
#4	-28.91% Dec 17, 1999 - Jan 18, 2001	-16.65% Sep 2, 2020 - Nov 10, 2020
#5	-24.75% Dec 10, 2007 - May 1, 2008	-14.86% Oct 18, 2024 - Aug 20, 2025
#6	-22.63% Jan 6, 2004 - Nov 26, 2004	-13.23% Jul 2, 2026 - Aug 17, 2026
#7	-20.29% Feb 25, 2026 - Jun 15, 2026	-11.91% Oct 2, 2018 - Feb 15, 2019
#8	-15.75% May 9, 2006 - Aug 16, 2006	-11.64% Mar 13, 2024 - Aug 30, 2024
#9	-11.52% Jul 19, 2007 - Oct 2, 2007	-11.00% Nov 25, 2022 - Feb 24, 2023
#10	-10.60% Feb 20, 2007 - May 31, 2007	-10.91% Jul 23, 2019 - Nov 13, 2019
#11	-10.47% Mar 10, 2005 - Aug 11, 2005	-10.53% Jan 6, 2021 - Mar 16, 2021
#12	-9.19% Feb 2, 2026 - Feb 25, 2026	-8.45% Mar 3, 2023 - Apr 13, 2023
#13	-9.15% Jun 16, 2003 - Oct 28, 2003	-7.05% Sep 7, 2021 - Oct 25, 2021
#14	-8.79% Nov 12, 2025 - Dec 4, 2025	-6.52% Sep 14, 2023 - Nov 3, 2023
#15	-8.07% Jul 6, 2026 - Aug 3, 2026	-6.37% Jun 1, 2021 - Jul 30, 2021

Correlation

Correlation between SAN and LIN is 0.70 which considered as a strong positive correlation - the stocks tend to move together.

0.70

-101

Dividend Comparison (2000 - 2026)

SAN vs LIN dividend yield comparison.

Year	SAN	LIN
2026	1.00%	0.65%
2025	2.11%	1.41%
2024	4.63%	1.33%
2023	3.58%	1.24%
2022	3.83%	1.43%
2021	2.71%	1.22%
2020	0.00%	1.46%
2019	6.20%	1.64%
2018	5.84%	0.53%
2017	4.60%	0.00%
2016	3.30%	0.00%
2015	7.06%	0.00%
2014	7.49%	0.00%
2013	7.40%	0.00%
2012	10.19%	0.00%
2011	9.18%	0.00%
2010	6.05%	0.00%
2009	4.48%	0.00%
2008	10.52%	0.00%
2007	2.87%	0.00%
2006	2.54%	0.00%
2005	2.84%	0.00%
2004	2.65%	0.00%
2003	2.30%	0.00%
2002	20.44%	0.00%
2001	14.71%	0.00%
2000	1.76%	0.00%