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.
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
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
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
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
is considered below, and whether this is a fair price.
Price based on past earnings
TagMaster's earnings available for a low price, and how does
this compare to other companies in the same industry?
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.
TagMaster's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
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
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
management team in years:
The tenure for the TagMaster management team is about average.
Chief Executive Officer
Group Chief Financial Officer
Chief Technology Officer
Managing Director of CA Traffic
Managing Director of Magsys SA
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the TagMaster board of directors is about average.
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.
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