TagMaster AB Class B (SE:TAGM.B)
:TAGM.B
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TagMaster AB Class B
(TAGM.B)
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Rating:72Outperform
Price Target:
kr46.00
▲(143.39% Upside)
Action:Reiterated
Date:05/29/26
The score is primarily supported by improving financial performance, especially strong recent cash flow and better TTM profitability alongside accelerating revenue growth. This is tempered by overextended technical conditions (very high RSI/Stoch) and only moderately supportive valuation (P/E 17.428 with no dividend yield data).
Positive Factors
Cash generation
Sustained TTM operating and free cash flow strength indicates the company can internally fund operations, capex and select investments without heavy external financing. Over 2–6 months this supports execution of product rollouts, reduces liquidity risk, and underpins resilience through downturns.
Negative Factors
Cash-flow volatility
A history that includes a period of negative operating and free cash flow (2022) shows cash conversion can swing materially. This structural volatility raises execution risk: a single large contract delay or market slowdown could quickly reverse recent improvements and strain liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained TTM operating and free cash flow strength indicates the company can internally fund operations, capex and select investments without heavy external financing. Over 2–6 months this supports execution of product rollouts, reduces liquidity risk, and underpins resilience through downturns.
Read all positive factors
TagMaster AB Class B (TAGM.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr596.15M
Dividend YieldN/A
Average Volume (3M)5.15K
Price to Earnings (P/E)17.3
Beta (1Y)0.42
Revenue Growth17.19%
EPS Growth17455.22%
CountrySE
Employees164
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)2.35
Shares Outstanding14,647,526
10 Day Avg. Volume5,468
30 Day Avg. Volume5,149
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.98
Price to Sales (P/S)0.53
P/FCF Ratio4.52
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)0.7
Revenue Forecast (FY)kr513.00M
TagMaster AB Class B Business Overview & Revenue Model
Company Description
TagMaster AB (publ), a technology company, develops and sells advanced sensor systems and solutions based on radio, radar, magnetic and camera technologies under the TagMaster, CitySync, Balogh, CA Traffic, Magsys, Hikob, and Sensys Networks brand...
How the Company Makes Money
TagMaster makes money by selling identification and access-control solutions and related components, with revenue typically coming from (1) product sales such as RFID tags/transponders, readers, sensors, and associated hardware used for vehicle/ob...
TagMaster AB Class B Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 493.93M | 483.29M | 420.44M | 404.71M | 358.60M | 326.89M |
| Gross Profit | 129.09M | 31.11M | 287.10M | 277.12M | 244.76M | 223.53M |
| EBITDA | 88.33M | 74.89M | 32.36M | 35.61M | 9.36M | 23.56M |
| Net Income | 34.46M | 22.55M | 4.66M | 13.68M | 24.15M | 5.86M |
Balance Sheet | ||||||
| Total Assets | 485.74M | 477.02M | 556.69M | 428.58M | 413.93M | 367.40M |
| Cash, Cash Equivalents and Short-Term Investments | 69.37M | 41.16M | 46.89M | 25.06M | 36.22M | 53.52M |
| Total Debt | 89.12M | 110.93M | 147.62M | 75.28M | 57.28M | 64.26M |
| Total Liabilities | 209.37M | 213.28M | 270.44M | 169.29M | 161.70M | 167.46M |
| Stockholders Equity | 276.37M | 263.74M | 286.25M | 259.29M | 252.23M | 199.94M |
Cash Flow | ||||||
| Free Cash Flow | 78.42M | 57.01M | 57.77M | 27.50M | -8.06M | 24.98M |
| Operating Cash Flow | 80.14M | 58.66M | 58.64M | 28.45M | -6.68M | 26.25M |
| Investing Cash Flow | -3.19M | -3.25M | -64.61M | -51.50M | -1.28M | -33.60M |
| Financing Cash Flow | -48.62M | -56.44M | 26.09M | 11.96M | -15.04M | 4.95M |
TagMaster AB Class B Technical Analysis
Positive
18.90
Price Trends
31.56
Positive
26.99
Positive
21.67
Positive
Market Momentum
2.76
Negative
72.23
Negative
79.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TAGM.B, the sentiment is Positive. The current price of 18.9 is below the 20-day moving average (MA) of 37.62, below the 50-day MA of 31.56, and below the 200-day MA of 21.67, indicating a bullish trend. The MACD of 2.76 indicates Negative momentum. The RSI at 72.23 is Negative, neither overbought nor oversold. The STOCH value of 79.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TAGM.B.
TagMaster AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr596.15M | 17.30 | 8.82% | ― | 17.19% | 17455.22% | |
62 Neutral | kr357.78M | 54.01 | ― | ― | 12.10% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | kr338.64M | -15.25 | -5.81% | ― | -8.58% | -159.42% | |
49 Neutral | kr196.90M | -4.41 | -24.59% | ― | -65.31% | -56.81% | |
49 Neutral | kr328.07M | -30.70 | 8.68% | ― | -23.66% | -1444.83% |
* Technology Sector Average
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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.