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TagMaster AB
STO:TAGM B

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TagMaster AB
STO:TAGM B
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Price: 25.8 SEK -1.53% Market Closed
Market Cap: kr378m

EV/EBITDA

12.7
Current
52%
Cheaper
vs 3-y average of 26.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
12.7
=
Enterprise Value
kr368.5m
/
EBITDA
kr30.7m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
12.7
=
Enterprise Value
kr368.5m
/
EBITDA
kr30.7m

Valuation Scenarios

TagMaster AB is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (26.4), the stock would be worth kr53.81 (109% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-47%
Maximum Upside
+109%
Average Upside
47%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 12.7 kr25.8
0%
3-Year Average 26.4 kr53.81
+109%
5-Year Average 26.4 kr53.81
+109%
Industry Average 6.8 kr13.78
-47%
Country Average 14.9 kr30.24
+17%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr368.5m
/
Jan 2026
kr30.7m
=
12.7
Current
kr368.5m
/
Dec 2026
kr75.8m
=
4.9
Forward
kr368.5m
/
Dec 2027
kr84.8m
=
4.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
TagMaster AB
STO:TAGM B
377.9m SEK 12.7 16.8
JP
Nakayo Inc
TSE:6715
111.4T JPY 364 019 7 956 708
US
Cisco Systems Inc
NASDAQ:CSCO
351.7B USD 22 31.8
US
Arista Networks Inc
NYSE:ANET
222.3B USD 53.7 63.3
CN
Zhongji Innolight Co Ltd
SZSE:300308
996.7B CNY 51.4 66.7
US
Motorola Solutions Inc
NYSE:MSI
72.6B USD 23.7 33.7
US
Ciena Corp
NYSE:CIEN
73.7B USD 129.5 321.6
US
Ubiquiti Inc
NYSE:UI
62.5B USD 58.1 69.9
US
Lumentum Holdings Inc
NASDAQ:LITE
62.9B USD 238.6 249.4
FI
Nokia Oyj
OMXH:NOKIA
50.5B EUR 25.2 76.9
CN
Yangtze Optical Fibre and Cable Joint Stock Ltd Co
SSE:601869
316.4B CNY 208.8 388.9

Market Distribution

In line with most companies in Sweden
Percentile
42nd
Based on 1 230 companies
42nd percentile
12.7
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

TagMaster AB
Glance View

Market Cap
378m SEK
Industry
Communications

TagMaster AB is an application driven technology company, which designs, develops and markets sensor systems and solutions based on radio and vision technology. The company is headquartered in Kista, Stockholm. The company went IPO on 2005-09-19. The Company’s core business is focused on the design and marketing of high performance long-range Radio Frequency Identification (RFID) systems and information services associated with Automatic Vehicle Identification (AVI), Rail-bound transportations, Asset management and Environmental monitoring. The firm exports its range of RFID products primarily to Europe, Middle East and Africa, Asia and Pacific, as well as in the Americas via a global network of partners, systems integrators and distributors. The firm operates through the subsidiaries TagMaster Finance AB, TagMaster China Holding Co. Ltd, Free2Move Asia S/B, TagMaster S/B, CitySync Ltd and CA Traffic Ltd. The Company’s largest shareholder is Alandsbanken AB.

TAGM B Intrinsic Value
28.22 SEK
Undervaluation 9%
Intrinsic Value
Price kr25.8
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