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TagMaster AB Class B
(TAGM.B)
Select Model
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Rating:66Neutral
Price Target:
kr34.00
▲(79.89% Upside)
Action:Reiterated
Date:07/20/26
The score is primarily supported by strong current cash flow generation and a solid balance sheet, with improved profitability versus prior years. Offsetting this, technical indicators point to weak near-term price momentum (below key moving averages with negative MACD), and fundamentals show mixed top-line momentum (slightly negative recent revenue growth). Valuation is moderate (P/E ~14.9) but lacks dividend yield data for additional support.
Positive Factors
Strong cash generation
Strong and growing free cash flow gives TagMaster internal funding for operations, investment, and shareholder or balance-sheet priorities. High conversion from reported earnings also supports the quality of current profits, although consistency across cycles remains important.
Negative Factors
Weak recent revenue momentum
Recent top-line contraction limits the company’s ability to expand earnings through scale and may make future profitability more dependent on cost control or mix. Sustained revenue weakness could also constrain investment capacity and reduce operating leverage over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong and growing free cash flow gives TagMaster internal funding for operations, investment, and shareholder or balance-sheet priorities. High conversion from reported earnings also supports the quality of current profits, although consistency across cycles remains important.
Read all positive factors
TagMaster AB Class B (TAGM.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr484.83M
Dividend YieldN/A
Average Volume (3M)19.73K
Price to Earnings (P/E)13.2
Beta (1Y)0.50
Revenue Growth8.40%
EPS Growth495.11%
CountrySE
Employees144
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)2.44
Shares Outstanding14,647,526
10 Day Avg. Volume17,424
30 Day Avg. Volume19,729
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) is a technology firm that specializes in designing and supplying advanced sensor-based systems and solutions. These innovative products harness various technologies, including radio frequency, radar, magnetic, and camera imagin...
How the Company Makes Money
TagMaster makes money by selling intelligent identification and access-related solutions to customers that need to identify vehicles or assets and automate access/flow in transportation-adjacent settings (e.g., parking and traffic applications). K...
TagMaster AB Class B Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
74
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 481.61M | 483.29M | 420.44M | 404.71M | 358.60M | 326.89M |
| Gross Profit | 53.62M | 53.09M | 287.10M | 277.12M | 244.76M | 223.53M |
| EBITDA | 89.28M | 71.46M | 32.36M | 35.61M | 9.36M | 23.56M |
| Net Income | 35.82M | 22.55M | 4.66M | 13.68M | 24.15M | 5.86M |
Balance Sheet | ||||||
| Total Assets | 465.37M | 477.02M | 556.69M | 428.58M | 413.93M | 367.40M |
| Cash, Cash Equivalents and Short-Term Investments | 48.36M | 41.16M | 46.89M | 25.06M | 36.22M | 53.52M |
| Total Debt | 71.68M | 96.53M | 147.62M | 75.28M | 57.28M | 64.26M |
| Total Liabilities | 173.94M | 213.28M | 270.44M | 169.29M | 161.70M | 167.46M |
| Stockholders Equity | 291.44M | 263.74M | 286.25M | 259.29M | 252.23M | 199.94M |
Cash Flow | ||||||
| Free Cash Flow | 94.55M | 57.01M | 57.77M | 27.50M | -8.06M | 24.98M |
| Operating Cash Flow | 96.72M | 58.66M | 58.64M | 28.45M | -6.68M | 26.25M |
| Investing Cash Flow | -14.58M | -3.25M | -64.61M | -51.50M | -1.28M | -33.60M |
| Financing Cash Flow | -67.72M | -56.44M | 26.09M | 11.96M | -15.04M | 4.95M |
TagMaster AB Class B Technical Analysis
Positive
18.90
Price Trends
36.33
Negative
36.42
Negative
28.75
Positive
Market Momentum
-1.24
Negative
48.54
Neutral
77.12
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 32.09, below the 50-day MA of 36.33, and below the 200-day MA of 28.75, indicating a neutral trend. The MACD of -1.24 indicates Negative momentum. The RSI at 48.54 is Neutral, neither overbought nor oversold. The STOCH value of 77.12 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | kr26.18B | 47.60 | 15.42% | 0.91% | 14.26% | 49.83% | |
68 Neutral | kr605.19M | 18.02 | ― | ― | 2.76% | 92.66% | |
66 Neutral | kr484.83M | 13.24 | 13.17% | ― | 8.40% | 495.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | kr723.08M | -229.23 | ― | 0.63% | -9.23% | -111.03% | |
46 Neutral | kr121.41M | -0.53 | -57.59% | ― | 26.40% | 70.20% | |
43 Neutral | kr115.65M | -2.19 | -40.84% | ― | -64.68% | -31.59% |
* 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.