TagMaster AB Class B (TAGM.B) AI Stock Analysis

TagMaster AB Class B

(Nasdaq OMX AB:TAGM.B)

Select Model

Rating:72Outperform

Price Target:SEK 35.00▲(11.82% Upside)

Action:upgraded

Date:10/29/26

Strong financial position from solid balance sheet and cash flows is the primary driver. Attractive valuation provides additional support, while mixed technical indicators contribute moderately.

Positive Factors

Improved ProfitabilityNet 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 CollapseThe 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.

TagMaster AB Class B (TAGM.B) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 458.47M
Dividend Yield: ―
Average Volume (3M): 15.29K
Price to Earnings (P/E): 11.9
Beta (1Y): 0.56
Revenue Growth: 1.82%
EPS Growth: 81.56%
Country: Sweden
Employees: 151
Sector: Technology
Sector Strength: 61
Industry: Communication Equipment

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 imaging,...

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). Key...

TagMaster AB Class B Financial Statement Overview

Summary

Improved profitability and strong cash generation with a solid, low-leverage balance sheet; revenue softness remains a concern.

Income Statement

65Positive

Balance Sheet

82Very Positive

Cash Flow

76Positive

Financial statement breakdown
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

Technical Analysis SentimentPositive

Last Price31.30

Price Trends

50DMA29.96Positive

100DMA34.27Negative

200DMA31.09Positive

Market Momentum

MACD0.07Negative

RSI59.78Neutral

STOCH85.56Negative

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 31.30 is above the 20-day moving average (MA) of 28.90, above the 50-day MA of 29.96, and above the 200-day MA of 31.09, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 59.78 is Neutral, neither overbought nor oversold. The STOCH value of 85.56 is Negative, 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

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:TAGM.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:TAGM.B	72Outperform	SEK 458.47M	11.90	13.47%	―	1.82%	81.56%
SE:LUMEN	71Outperform	SEK 590.09M	17.18	―	―	2.76%	92.66%
SE:HMS	62Neutral	SEK 24.47B	44.22	14.92%	0.98%	14.65%	26.23%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SE:ALCA	54Neutral	SEK 732.88M	-230.00	―	―	-9.23%	-111.03%
SE:IRIS	41Neutral	SEK 92.21M	-0.40	-57.59%	―	26.40%	70.20%
SE:INCOAX	37Underperform	SEK 10.79M	-0.21	-40.84%	―	-64.68%	-31.59%

* Technology Sector Average

Performance Comparison

SE:TAGM.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:TAGM.B	TagMaster AB Class B	31.30	14.25	83.58%
SE:HMS	HMS Networks AB	487.80	-28.89	-5.59%
SE:INCOAX	InCoax Networks AB	0.07	-0.61	-89.41%
SE:IRIS	Irisity AB	0.24	0.07	41.18%
SE:ALCA	Alcadon Group AB	29.90	8.10	37.16%
SE:LUMEN	LumenRadio AB	46.90	-7.40	-13.63%

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.

Date of analysis: Oct 29, 2026

TagMaster AB Class B AI Stock Analysis