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TagMaster AB Class B
(TAGM.B)
Select Model
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Rating:64Neutral
Price Target:
kr34.00
▲(79.89% Upside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by improving financial performance (stronger profitability/ROE and reduced leverage), tempered by the significant gross margin shift and recent slowing in TTM revenue/FCF growth. Technical signals are mixed (negative MACD despite price strength vs key averages), while valuation appears reasonable on P/E but lacks dividend support.
Positive Factors
Improved Profitability
Net and operating profitability have strengthened materially, with TTM net margin at about 7.4% and EBIT margin at 10.1%, versus lower prior levels. If sustained, this improves internal funding capacity and indicates better earnings power across the operating model.
Negative Factors
Gross Margin Collapse
The sharp gross-margin decline creates a material question about the durability and quality of recent profitability. Whether caused by mix, accounting changes, or cost pressure, the shift could limit operating leverage and make future earnings more volatile than headline margins suggest.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
Net and operating profitability have strengthened materially, with TTM net margin at about 7.4% and EBIT margin at 10.1%, versus lower prior levels. If sustained, this improves internal funding capacity and indicates better earnings power across the operating model.
Read all positive factors
TagMaster AB Class B (TAGM.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr458.47M
Dividend YieldN/A
Average Volume (3M)13.39K
Price to Earnings (P/E)11.9
Beta (1Y)0.56
Revenue Growth1.82%
EPS Growth81.56%
CountrySE
Employees151
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)2.63
Shares Outstanding14,647,526
10 Day Avg. Volume11,489
30 Day Avg. Volume13,386
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)2.6
Revenue Forecast (FY)kr491.00M
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
66
Positive
Balance Sheet
72
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 481.53M | 483.29M | 420.44M | 404.71M | 358.60M | 326.89M |
| Gross Profit | 124.02M | 53.09M | 287.10M | 277.12M | 244.76M | 223.53M |
| EBITDA | 90.68M | 71.46M | 32.36M | 35.61M | 21.72M | 33.99M |
| Net Income | 38.46M | 22.55M | 4.66M | 13.68M | 24.15M | 5.86M |
Balance Sheet | ||||||
| Total Assets | 496.00M | 477.02M | 556.69M | 428.58M | 413.93M | 367.40M |
| Cash, Cash Equivalents and Short-Term Investments | 70.38M | 41.16M | 46.89M | 25.06M | 36.22M | 53.52M |
| Total Debt | 62.60M | 96.53M | 147.62M | 75.28M | 57.28M | 64.26M |
| Total Liabilities | 185.53M | 213.28M | 270.44M | 169.29M | 161.70M | 167.46M |
| Stockholders Equity | 310.47M | 263.74M | 286.25M | 259.29M | 252.23M | 199.94M |
Cash Flow | ||||||
| Free Cash Flow | 94.32M | 57.01M | 57.77M | 27.50M | -8.06M | 24.98M |
| Operating Cash Flow | 96.25M | 58.66M | 58.64M | 28.45M | -6.68M | 26.25M |
| Investing Cash Flow | -13.70M | -3.25M | -64.61M | -51.50M | -1.28M | -33.60M |
| Financing Cash Flow | -57.53M | -56.44M | 26.09M | 11.96M | -15.04M | 4.95M |
TagMaster AB Class B Technical Analysis
Positive
18.90
Price Trends
29.97
Positive
34.38
Negative
31.03
Positive
Market Momentum
-0.11
Negative
62.21
Neutral
71.53
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 28.74, below the 50-day MA of 29.97, and below the 200-day MA of 31.03, indicating a bullish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 62.21 is Neutral, neither overbought nor oversold. The STOCH value of 71.53 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 | kr590.09M | 17.18 | ― | ― | 2.76% | 92.66% | |
64 Neutral | kr458.47M | 11.90 | 13.47% | ― | 1.82% | 81.56% | |
62 Neutral | kr24.47B | 44.22 | 14.92% | 0.98% | 14.65% | 26.23% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | kr732.88M | -230.00 | ― | 0.63% | -9.23% | -111.03% | |
44 Neutral | kr92.21M | -0.40 | -57.59% | ― | 26.40% | 70.20% | |
41 Neutral | kr10.79M | -0.21 | -40.84% | ― | -64.68% | -31.59% |
* Technology Sector Average
SE:TAGM.B
TagMaster AB Class 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.