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TagMaster AB (TAGM-B) Fair Value & Analysis

Technology · SE · Market cap 624M SEK (≈ $65.3M) · ISIN SE0015950399

What is TagMaster AB really worth?

TA TagMaster AB TAGM-B · ST
Pricekr 31.60
Fair Valuekr 33.46
Upside+5.9%
Quality70/100

A solid business, currently priced close to our fair value of kr 33.46.

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Strengths

Healthy Growth (revenue 5y +11.0 %/yr)
Low debt · generates free cash flow
Ranks above peers (11/13)

Risks

!Thin margins · 7.0% net margin
!Narrow moat 44/100
Evidence: High Range kr 23.91 – kr 42.33

Fair value as of: Aug 14, 2026

From 24 valuation models · updated 22 days ago

Share price −14.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

kr 43.20 kr 10.00 Fair Value kr 33.46 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range kr 10.00 – kr 43.20 · fair‑value band kr 23.91 – kr 42.33 · the kr 31.60 price screens below the kr 33.46 fair value. Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

TagMaster AB (TAGM-B) currently trades at kr 31.60, while our model-based Fair Value estimate is kr 33.46, implying the stock looks roughly 5.6% fairly valued today. The Quality Score stands at 70/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of kr 58.75 per share, and 15 of the 24 models we run sit above the kr 31.60 price. Bear case: the Asset-Based group reads lowest at kr 12.06, and 9 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, TagMaster AB generated revenue of 495M SEK at a net margin of 7.0%. Revenue grew 10.6% year over year. It earns a return on equity of 13.1%. Net debt stands at 69.8M SEK. Fundamentals as of Aug 14, 2026

Our scenario range runs from kr 23.91 (bear case) to kr 42.33 (bull case); at kr 31.60, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 148% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −52% fair-value upside, at 6%, TAGM-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 1.60 per share, which is 4.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF kr 45.76 kr 77.56 kr 150.36 76
Growth DCF kr 44.19 kr 79.85 kr 129.46 76
EPV kr 13.19 kr 14.96 kr 16.43 74
All 24 models by family
DCF Models
FCF DCF kr 45.76 kr 77.56 kr 150.36 76
Owner Earnings kr 52.21 kr 97.71 kr 175.19 73
5Y Revenue Exit kr 28.71 kr 48.00 kr 74.31 71
5Y EBITDA Exit kr 44.32 kr 82.69 kr 133.21 73
5Y P/E Exit kr 31.58 kr 54.37 kr 81.39 70
10Y Revenue Exit kr 33.82 kr 54.29 kr 86.59 65
10Y EBITDA Exit kr 44.20 kr 78.57 kr 135.13 66
10Y P/E Exit kr 36.22 kr 58.75 kr 92.43 63
Earnings-Based
Graham-Dodd kr 10.47 kr 61.80 kr 86.06 63
Lynch FV kr 17.54 kr 25.06 kr 32.58 61
PEG = 1.0 kr 17.54 kr 25.06 kr 32.58 57
EPV kr 13.19 kr 14.96 kr 16.43 74
Multiples
P/E Multiple kr 25.40 kr 33.86 kr 42.33 63
P/S Multiple kr 19.63 kr 26.17 kr 32.71 58
P/B Multiple kr 19.63 kr 26.17 kr 32.71 55
EV/EBIT kr 28.90 kr 38.46 kr 48.01 66
EV/EBITDA kr 46.49 kr 61.92 kr 77.34 67
EV/Revenue kr 19.55 kr 27.84 kr 36.12 53
Asset-Based
NCAV (Graham) kr 9.00 kr 12.06 kr 18.01 54
Growth DCF
Growth DCF kr 44.19 kr 79.85 kr 129.46 76
Rev-Margin DCF kr 28.71 kr 47.71 kr 74.25 71
Economic Profit
Residual Income kr 14.31 kr 15.12 kr 16.32 71
ROIC Compounder kr 13.19 kr 14.96 kr 16.43 72
Growth Earnings
Growth-Adj P/E kr 26.25 kr 37.50 kr 48.75 67

Widest divergence: DCF Models (kr 58.75) versus Asset-Based (kr 12.06). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 17.2 as of Jun 8, 2026
P/S ratio 0.80 P/E × margin
EPS (TTM) kr 2.36 price ÷ EPS = P/E 17.2
Net margin 4.7% FY2025
Return on equity 13.1% TTM
Return on assets (EBIT) 2.0% avg 5y
More key figures
Profitability
Operating margin 6.1% TTM
Growth
Revenue (TTM) 495M SEK TTM
Revenue growth (YoY) +10.6% 3y avg +10.5%
EPS growth (YoY) +498%
Balance sheet & cash flow
Free cash flow 57.0M SEK FY2025
Net debt 69.8M SEK FY2025 · ≈ 1.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 63

Profitability 39
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

TagMaster AB (publ), an application driven technology company, designs and markets advanced sensor systems and solutions based on radio, radar, vision, and wireless magnetic technology under the TagMaster, Sensys Networks, Citilog, and Quercus brand names.

Full company description

TagMaster AB (publ), an application driven technology company, designs and markets advanced sensor systems and solutions based on radio, radar, vision, and wireless magnetic technology under the TagMaster, Sensys Networks, Citilog, and Quercus brand names. The company offers traffic monitoring solutions for parking, access control and security, traffic, tolling, airports, mining & ports, and fleet operations applications. It also provides RFID solutions for automatic train protection (ATP); automatic vehicle location (AVL); crossroad priority request (CPR); crossroad way command (CWC); and communication based train control (CBTC) systems. Inadition, the company offers RFID readers for automatic vehicle identification applications, such as gates, barriers, high speed roll up doors, gated communities, parking, road tolls, weight scales, car washes, and others; and rail products The company exports its products primarily to Europe, the Middle East, Asia, and North America through a network of partners, systems integrators, and distributors. TagMaster AB (publ) was incorporated in 1994 and is headquartered in Kista, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TagMaster AB reported revenue of 483M SEK in FY2025 versus 327M SEK in FY2021, a compound +10.3%/yr. Reported net income was 22.5M SEK in FY2025, compounding +40.1%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
483M SEK
Latest YoY
+14.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.0%
Avg. revenue growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+30.9% (30.9 + 0.0)
Revenue +10.3%/yr
FY21 327M SEK
FY22 359M SEK
FY23 405M SEK
FY24 420M SEK
FY25 483M SEK
Net income +40.1%/yr
FY21 5.9M SEK
FY22 24.2M SEK
FY23 13.7M SEK
FY24 4.7M SEK
FY25 22.5M SEK

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Cite: Fair Value Calculator (2026). "TagMaster AB Fair Value". https://www.fairvalue-calculator.com/stock/TAGM-B

Peer Group

Communication Equipment · 302 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 70 · Top 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 11% · Above median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than 75% of peers
P/B 2.37× · Pricier than median
P/S (TTM) 1.26× · Cheaper than median
P/FCF 1.1× · Cheaper than median
EV/EBITDA 9.1× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE41 · sector 0
FUTURE53 · sector 39
PAST52 · sector 15
HEALTH93 · sector 98
DIVIDEND0 · sector 22

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $112.15 $61.53 −45%
Zhongji Innolight Co 300308 ¥866.12 ¥171.09 −80%
Foxconn Industrial Internet Co 601138 ¥61.83 ¥28.65 −54%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 −59%
Nokia Oyj NOK $10.21 $3.78 −63%
Motorola Solutions, Inc MSI $491.24 $236.33 −52%
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥400.03 ¥201.38 −50%
Suzhou TFC Optical Communication Co 300394 ¥276.25 ¥43.67 −84%
Telefonaktiebolaget LM Ericsson (publ), ERIC $10.13 $19.85 +96%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD −50%

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Frequently asked questions

Is TagMaster AB (TAGM-B) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of kr 33.46 versus a price of kr 31.60, about +6% upside (fairly valued).
What is the fair value of TAGM-B?
Our model-based fair value for TagMaster AB is kr 33.46 (as of Aug 14, 2026), built from audited fundamentals. The current price: kr 31.60.
What is the quality score of TAGM-B?
TagMaster AB has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of TagMaster AB (TAGM-B)?
TagMaster AB reported trailing-twelve-month revenue of about 495M SEK (latest available figure, as of Aug 14, 2026).
What is the net profit margin of TAGM-B?
The net profit margin of TagMaster AB is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
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