TagMaster AB Class B (SE:TAGM.B)
:TAGM.B
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TagMaster AB Class B
(TAGM.B)
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Rating:71Outperform
Price Target:
kr29.00
▲(53.44% Upside)
Action:UpgradedDate:02/07/26
The score is driven primarily by improved 2025 financial performance with strong cash generation and manageable leverage, supported by a clear uptrend and positive momentum signals. Valuation looks reasonable on earnings, while historical volatility and the 2025 gross-margin drop temper the overall score.
Positive Factors
Cash generation & FCF conversion
Consistent operating and free cash flow in 2024–2025 demonstrates durable cash conversion ability. Reliable FCF supports reinvestment in product development, funds working-capital needs, and reduces dependence on external financing, bolstering resilience over a multi-quarter horizon.
Negative Factors
Earnings volatility & past losses
A history of uneven profitability and episodes of negative cash flow shows the business can swing through cycles. That undermines confidence in consistency of results; if end-market demand weakens, prior volatility suggests earnings and cash generation could deteriorate again.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation & FCF conversion
Consistent operating and free cash flow in 2024–2025 demonstrates durable cash conversion ability. Reliable FCF supports reinvestment in product development, funds working-capital needs, and reduces dependence on external financing, bolstering resilience over a multi-quarter horizon.
Read all positive factors
TagMaster AB Class B (TAGM.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr395.48M
Dividend YieldN/A
Average Volume (3M)5.15K
Price to Earnings (P/E)4.2
Beta (1Y)0.45
Revenue Growth14.89%
EPS GrowthN/A
CountrySE
Employees164
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)1.05
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 primarily by selling AVI/access-control solutions and related components to customers (often via system integrators, resellers, and/or direct sales depending on market). Key revenue streams generally include: (1) hardware sal...
TagMaster AB Class B Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
64
Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 483.29M | 420.44M | 404.71M | 358.60M | 326.89M |
| Gross Profit | 31.11M | 287.10M | 277.12M | 244.76M | 223.53M |
| EBITDA | 74.89M | 32.36M | 35.61M | 9.36M | 23.56M |
| Net Income | 22.55M | 4.66M | 13.68M | 24.15M | 5.86M |
Balance Sheet | |||||
| Total Assets | 477.02M | 556.69M | 428.58M | 413.93M | 367.40M |
| Cash, Cash Equivalents and Short-Term Investments | 41.16M | 46.89M | 25.06M | 36.22M | 53.52M |
| Total Debt | 110.93M | 147.62M | 75.28M | 57.28M | 64.26M |
| Total Liabilities | 213.28M | 270.44M | 169.29M | 161.70M | 167.46M |
| Stockholders Equity | 263.74M | 286.25M | 259.29M | 252.23M | 199.94M |
Cash Flow | |||||
| Free Cash Flow | 57.01M | 57.77M | 27.50M | -8.06M | 24.98M |
| Operating Cash Flow | 58.66M | 58.64M | 28.45M | -6.68M | 26.25M |
| Investing Cash Flow | -3.25M | -64.61M | -51.50M | -1.28M | -33.60M |
| Financing Cash Flow | -56.44M | 26.09M | 11.96M | -15.04M | 4.95M |
TagMaster AB Class B Technical Analysis
Positive
18.90
Price Trends
23.76
Positive
20.47
Positive
18.17
Positive
Market Momentum
0.57
Negative
60.07
Neutral
78.04
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 24.82, below the 50-day MA of 23.76, and above the 200-day MA of 18.17, indicating a bullish trend. The MACD of 0.57 indicates Negative momentum. The RSI at 60.07 is Neutral, neither overbought nor oversold. The STOCH value of 78.04 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | kr395.48M | 4.18 | 8.82% | ― | 14.89% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | kr346.28M | 32.02 | ― | ― | 10.55% | ― | |
51 Neutral | kr306.45M | -22.37 | 8.68% | ― | 9.30% | ― | |
47 Neutral | kr248.54M | -7.50 | -5.81% | ― | -9.79% | -144.24% | |
44 Neutral | kr63.66M | -2.29 | -24.59% | ― | -48.24% | -48.99% |
* Technology Sector Average
SE:TAGM.B
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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.