Identification systems for smart cities

TagMaster

As an application-based technology firm, TagMaster both develops and sells advanced identification systems and innovative solutions in order to improve efficiency, safety and convenience, and to reduce environmental impact in Smart Cities. The systems and solutions are based on radio, radar and camera technologies. Specifically, the technologies used are Automatic Number Plate Recognition (ANPR) and Radio-frequency identification (RFID). TagMaster operates within the two business areas, Traffic Solutions and Rail Solutions, with the UK, Europe and the US as main geographical sales regions.

Financials

Tagmaster

SEKm 2017 2018 2019
Sales 195 207 223
Sales growth (%) 71,6 5,9 8
EBITDA 22 19 25
EBITDA margin (%) 11,2 9,1 11
EBIT adj 15 8 15
EBIT adj margin (%) 7,5 3,9 6,7
Pretax profit 14 8 14
EPS rep 0,08 0,04 0,05
EPS growth (%) 237,5 -50,3 28,3
EPS adj 0,08 0,04 0,05
DPS 0 0 0
EV/EBITDA (x) 15 12,4 8,9
EV/EBIT adj (x) 22,4 28,7 14,8
P/E (x) 19,5 30,6 23,9
P/E adj (x) 19,5 30,6 23,9
EV/sales (x) 1,7 1,1 1
FCF yield (%) -5,9 8,2 4,8
Dividend yield (%) 0 0 0
Net IB debt/EBITDA -0,6 -2,1 -2,1