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TagMaster

DB:2I4
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2I4
DB
SEK243M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

TagMaster AB (publ), a technology company, designs and markets advanced identification systems and solutions based on radio, radar, and camera technologies under the TagMaster, CitySync, Balogh, CA Traffic, and Magsys brand names. The last earnings update was 30 days ago. More info.


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2I4 Share Price and Events
7 Day Returns
2.2%
DB:2I4
-11.1%
DE Communications
0.8%
DE Market
1 Year Returns
-
DB:2I4
17.9%
DE Communications
-4.5%
DE Market
2I4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TagMaster (2I4) 2.2% 4.4% -6.9% - - -
DE Communications -11.1% -4% 14.2% 17.9% -0.9% 48.2%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • No trading data on 2I4.
  • No trading data on 2I4.
Price Volatility
2I4
Industry
5yr Volatility vs Market

Value

 Is TagMaster undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TagMaster to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TagMaster.

DB:2I4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2I4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 22%) (2.27%))
1.073
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.073 * 5.96%)
6.63%

Discounted Cash Flow Calculation for DB:2I4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TagMaster is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2I4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.63%)
2019 19.50 Analyst x2 18.29
2020 27.00 Analyst x2 23.75
2021 28.00 Analyst x2 23.10
2022 28.73 Est @ 2.62% 22.23
2023 29.28 Est @ 1.9% 21.24
2024 29.69 Est @ 1.4% 20.20
2025 30.00 Est @ 1.05% 19.15
2026 30.24 Est @ 0.8% 18.10
2027 30.43 Est @ 0.63% 17.08
2028 30.58 Est @ 0.51% 16.10
Present value of next 10 years cash flows SEK199.24
DB:2I4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK30.58 × (1 + 0.23%) ÷ (6.63% – 0.23%)
SEK479.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK479.13 ÷ (1 + 6.63%)10
SEK252.25
DB:2I4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK199.24 + SEK252.25
SEK451.49
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK451.49 / 203.87
SEK2.21
DB:2I4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2I4 represents 0.07899x of OM:TAGM B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07899x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 2.21 x 0.07899
€0.17
Value per share (EUR) From above. €0.17
Current discount Discount to share price of €0.09
= -1 x (€0.09 - €0.17) / €0.17
46.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TagMaster is available for.
Intrinsic value
46%
Share price is €0.094 vs Future cash flow value of €0.17493
Current Discount Checks
For TagMaster to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TagMaster's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TagMaster's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TagMaster's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TagMaster's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2I4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK0.02
OM:TAGM B Share Price ** OM (2019-04-25) in SEK SEK1.19
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 27.71x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TagMaster.

DB:2I4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:TAGM B Share Price ÷ EPS (both in SEK)

= 1.19 ÷ 0.02

71.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TagMaster is overvalued based on earnings compared to the DE Communications industry average.
  • TagMaster is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does TagMaster's expected growth come at a high price?
Raw Data
DB:2I4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 71.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
52.6%per year
Europe Communications Industry PEG Ratio Median Figure of 13 Publicly-Listed Communications Companies 1.36x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:2I4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 71.24x ÷ 52.6%

1.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TagMaster is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TagMaster's assets?
Raw Data
DB:2I4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK0.52
OM:TAGM B Share Price * OM (2019-04-25) in SEK SEK1.19
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:2I4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:TAGM B Share Price ÷ Book Value per Share (both in SEK)

= 1.19 ÷ 0.52

2.28x

* Primary Listing of TagMaster.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TagMaster is overvalued based on assets compared to the DE Communications industry average.
X
Value checks
We assess TagMaster's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. TagMaster has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TagMaster expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
52.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TagMaster expected to grow at an attractive rate?
  • TagMaster's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • TagMaster's earnings growth is expected to exceed the Germany market average.
  • TagMaster's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2I4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2I4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 52.6%
DB:2I4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.4%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 20.1%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2I4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2I4 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 291 1
2021-12-31 276 34 23 2
2020-12-31 245 30 19 2
2019-12-31 218 9 8 2
DB:2I4 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 196 13 3
2018-09-30 209 12 11
2018-06-30 211 18 14
2018-03-31 210 10 17
2017-12-31 195 21 17
2017-09-30 178 18 18
2017-06-30 161 15 16
2017-03-31 131 8 6
2016-12-31 114 1 4
2016-09-30 97 -3 -1
2016-06-30 86 -4 -5
2016-03-31 84 2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TagMaster's earnings are expected to grow significantly at over 20% yearly.
  • TagMaster's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2I4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from TagMaster Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2I4 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.11 0.12 0.10 2.00
2020-12-31 0.10 0.10 0.09 2.00
2019-12-31 0.04 0.05 0.03 2.00
DB:2I4 Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 0.02
2018-09-30 0.06
2018-06-30 0.07
2018-03-31 0.09
2017-12-31 0.09
2017-09-30 0.10
2017-06-30 0.09
2017-03-31 0.04
2016-12-31 0.03
2016-09-30 0.00
2016-06-30 -0.03
2016-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TagMaster is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TagMaster's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TagMaster has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TagMaster performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TagMaster's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TagMaster has delivered over 20% year on year earnings growth in the past 5 years.
  • TagMaster's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TagMaster's 1-year earnings growth is negative, it can't be compared to the Europe Communications industry average.
Earnings and Revenue History
TagMaster's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TagMaster Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2I4 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 195.56 3.36 108.89
2018-09-30 209.38 11.45 107.86
2018-06-30 210.53 13.62 107.30
2018-03-31 210.31 16.88 107.86
2017-12-31 195.39 17.07 100.07
2017-09-30 177.58 18.08 97.71
2017-06-30 161.22 15.63 88.81
2017-03-31 131.33 6.39 73.87
2016-12-31 113.89 4.22 64.61
2016-09-30 96.66 -0.63 55.75
2016-06-30 86.30 -5.00 53.76
2016-03-31 84.36 2.04 49.55
2015-12-31 78.98 3.15 43.74
2015-09-30 75.04 0.80 37.83
2015-06-30 69.76 6.37 29.47
2015-03-31 67.23 6.14 27.25
2014-12-31 62.51 5.23 26.63
2014-09-30 57.12 4.22 26.53
2014-06-30 55.32 3.16 26.72
2014-03-31 50.11 1.35 26.42
2013-12-31 50.20 1.75 26.76
2013-09-30 44.81 -0.73 24.91
2013-06-30 43.76 -3.50 24.53
2013-03-31 43.99 -3.79 24.16
2012-12-31 39.62 -5.47 22.37
2012-09-30 41.28 -8.75 23.89
2012-06-30 38.40 -9.72 24.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TagMaster has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TagMaster used its assets less efficiently than the DE Communications industry average last year based on Return on Assets.
  • TagMaster's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TagMaster's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TagMaster has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TagMaster's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TagMaster's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TagMaster is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TagMaster's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TagMaster's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 18.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TagMaster Company Filings, last reported 3 months ago.

DB:2I4 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 105.33 5.50 20.30
2018-09-30 103.99 7.25 16.39
2018-06-30 105.47 6.50 31.34
2018-03-31 104.17 7.00 20.77
2017-12-31 96.73 7.60 23.28
2017-09-30 87.70 8.07 27.27
2017-06-30 86.27 9.37 26.99
2017-03-31 48.65 9.14 18.33
2016-12-31 45.71 8.57 9.90
2016-09-30 37.50 0.00 7.89
2016-06-30 37.79 0.00 11.46
2016-03-31 43.36 0.00 14.32
2015-12-31 44.06 0.00 4.49
2015-09-30 40.97 0.00 5.94
2015-06-30 45.81 0.00 41.01
2015-03-31 15.52 0.00 9.24
2014-12-31 13.49 0.00 5.87
2014-09-30 9.95 0.20 0.78
2014-06-30 8.76 3.73 1.23
2014-03-31 6.86 4.75 1.03
2013-12-31 8.27 3.45 1.40
2013-09-30 5.43 3.67 1.14
2013-06-30 5.42 3.97 0.65
2013-03-31 5.61 1.99 1.30
2012-12-31 4.09 2.35 1.61
2012-09-30 5.52 3.73 1.20
2012-06-30 8.28 3.97 1.56
  • TagMaster's level of debt (5.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.9% vs 5.2% today).
  • Debt is well covered by operating cash flow (236.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 51.1x coverage).
X
Financial health checks
We assess TagMaster's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TagMaster has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TagMaster's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TagMaster dividends.
If you bought €2,000 of TagMaster shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TagMaster's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TagMaster's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2I4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2I4 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TagMaster has not reported any payouts.
  • Unable to verify if TagMaster's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TagMaster's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TagMaster has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TagMaster's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TagMaster afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TagMaster has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TagMaster's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jonas Svensson
COMPENSATION SEK2,915,000
AGE 56
TENURE AS CEO 6.5 years
CEO Bio

Mr. Jonas Svensson has been the Chief Executive Officer of TagMaster AB (publ) since October 1, 2012. Mr. Svensson has experiences from big as well as from small companies. His experience also includes creation and buildup of his own business from zero to a listed company with around 200 MSEK turnover. He joined Tagmaster from Northpoint Businees Innovation, where he served as a Management Consultant. Mr. Svensson served as the Chief Executive Officer of Kinetico in Europe placed in Paris. He worked in an international environment throughout his working life. He served as a Vice Chairman of TagMaster AB (publ) until September 14, 2016 and serves as its Director. He holds an Master of Economics from Lund university and B.S in Finance from Lunds university

CEO Compensation
  • Jonas's compensation has been consistent with company performance over the past year.
  • Jonas's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the TagMaster management team in years:

2.9
Average Tenure
56
Average Age
  • The tenure for the TagMaster management team is about average.
Management Team

Jonas Svensson

TITLE
Chief Executive Officer
COMPENSATION
SEK3M
AGE
56
TENURE
6.5 yrs

Margaretha Narström

TITLE
Group Chief Financial Officer
AGE
51
TENURE
2.9 yrs

Johan Franzén

TITLE
Chief Technology Officer
AGE
47

Bernard Greene

TITLE
Managing Director of CA Traffic
AGE
66
TENURE
1.7 yrs

Jean-Marc Coutellier

TITLE
Managing Director of Magsys SA
AGE
61

Gyllenros Mattias

TITLE
Executive Officer

Hans Henriksen

TITLE
Consultant
Board of Directors Tenure

Average tenure and age of the TagMaster board of directors in years:

7.3
Average Tenure
56
Average Age
  • The tenure for the TagMaster board of directors is about average.
Board of Directors

Rolf Norberg

TITLE
Chairman
COMPENSATION
SEK250K
AGE
69
TENURE
7.3 yrs

Jonas Svensson

TITLE
Chief Executive Officer
COMPENSATION
SEK3M
AGE
56
TENURE
7.3 yrs

Gert Sviberg

TITLE
Director
COMPENSATION
SEK100K
AGE
51
TENURE
7.3 yrs

Magnus Jonsson

TITLE
Director
COMPENSATION
SEK100K
AGE
52
TENURE
7.3 yrs

Örjan Johansson

TITLE
Director
COMPENSATION
SEK100K
AGE
58
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Dec 18 Buy Jonas Svensson Individual 24. Dec 18 24. Dec 18 2,159,292 €0.11 €236,425
03. Sep 18 Sell Magnus Jonsson Individual 31. Aug 18 31. Aug 18 -222,259 €0.13 €-28,235
X
Management checks
We assess TagMaster's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TagMaster has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

TagMaster AB (publ), a technology company, designs and markets advanced identification systems and solutions based on radio, radar, and camera technologies under the TagMaster, CitySync, Balogh, CA Traffic, and Magsys brand names. The company develops and markets radio frequency identification products, such as 2,45 GHz and UHF readers, tags, and accessories for traffic and rail applications; and automatic number plate recognition cameras, data export and import tools, and other hardware products. Its products are used in parking, security and access, traffic, electronic tolling, airport, mining and port, and fleet operation areas. 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 founded in 1994 and is headquartered in Kista, Sweden.

Details
Name: TagMaster AB (publ)
2I4
Exchange: DB
Founded: 1994
SEK22,852,928
203,872,561
Website: http://www.tagmaster.com
Address: TagMaster AB (publ)
Kronborgsgränd 11,
Kista,
Stockholm County, 164 46,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM TAGM B Class B Shares OMX Nordic Exchange Stockholm SE SEK 14. Mar 2001
DB 2I4 Class B Shares Deutsche Boerse AG DE EUR 14. Mar 2001
Number of employees
Current staff
Staff numbers
79
TagMaster employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 23:23
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/01/28
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.