Banco Santander-Chile (BSAC): fair value, margin of safety and Wheel Score

Is BSAC undervalued?

BSAC closed at 33.07 on 5 Nov 2026 against a GLS average fair value of 34.04 - 2.8% below fair value, which our scans read as "fairly priced". 3 of 8 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.

There is a wide gap between DCF (7.48) and GLS Growth (90.18). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.

Ranked against every other company we cover, neither cheapness nor growth clearly wins for BSAC, so the nightly engine files it under Blend (value score 42, growth score 38, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).

Nine valuation models for BSAC

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Banco Santander-Chile scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 8.4/10 puts BSAC among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.

Returns on capital are thin or negative - ROIC 4.8%, ROE 18.2%, ROA 1.5% - with debt at 2.83 times equity and a free-cash-flow yield of 3.3%. Debt of 2.83 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.

The dividend yield is high at 4.20% (payout ratio 57%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.

Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 39: Weak

With a Wheel Score of 39 Banco Santander-Chile sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (1 open interest, 1 a day); and filter 4, financially healthy - Piotroski 4/9 (under 6); Option trading (weak) is its weakest part.

Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.

Volume runs at 473k shares a day on a market cap of $15.6B, with a beta of 0.23 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

The next earnings report is due on 28 Jan 2027, 84 days away - outside the window of a 30-45-day put sold today.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Banks - Regional

The 12 companies below are the closest to Banco Santander-Chile by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare BSAC with 7 of them   All Financial Services stocks →