Once again we take a look at the valuations of the major 3D printing companies over the past week.
Publicly traded companies are required to post their financial reports, as well as appear on stock markets. From there we can calculate the total value of their company by multiplying the current stock price by the number of outstanding shares. This number is the market capitalization, and represents the current valuation of the company.
It’s a great number of compare companies, as the market capitalization can be leveraged to provide more capabilities for the company. Shares could, for example, be used as collateral for a loan. That and similar maneuvers could generate cash with which the company might undertake new projects.
In other words, “market cap”, as it is known, is quite important.
You might think it’s not important to monitor these companies each week, as their value is realized only when stocks are sold. However, events happen to companies occasionally that cause their value to rise and fall, and this weekly post is where we track such things.
Note that our list here does not include all major 3D print companies. Not all 3D print companies are publicly traded, and thus we cannot officially know their true size, such as EOS. Others, like HP or Siemens, have very large 3D printing divisions, but are part a much larger enterprises and we cannot know the true size of their 3D printing activities.
Let’s take a look at the 3D printing companies on this week’s list.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Bright Laser | $3,500 | +336 |
| 2 | Xometry | $2,972 | -92 |
| 3 | Farsoon | $2,933 | -264 |
| 4 | Proto Labs | $1,245 | +12 |
| 5 | Stratasys | $801 | +28 |
| 6 | Nano Dimension | $372 | -11 |
| 7 | Materialise | $329 | -11 |
| 8 | Velo3D | $249 | +133 |
| 9 | 3D Systems | $245 | -33 |
| 10 | Titomic | $209 | +15 |
| 11 | AML3D | $61 | +0 |
| 12 | Aurora Labs | $16 | -0 |
| 13 | Sygnis | $15 | +4 |
| 14 | Massivit | $8 | -1 |
| 15 | Freemelt | $5 | +0 |
| 16 | Steakholder Foods | $2 | -0 |
| TOTAL | $12,961 | +115 |
3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]
This week saw mixed results on major markets, with a negative tendency on the tech stocks, of which our leaderboard is filled. In spite of that sentiment overall, the leaderboard actually rose almost a percentage point this week.
This was due to a few notable — and large — shifts in valuation by specific companies.
The biggest shift was from Velo3D, which rose an astounding 113% in value this week. The company had recently been relisted on the NASDAQ, and it is possible they were “unknown” by some investors due to that recent change. Combine that with disclosures from the Velo3D CEO that the company has certified several parts for SpaceX’s powerful Raptor engine, and you generate a bit of a buying spree.
In truth, however, the SpaceX angle has long been known. SpaceX has been their major customer for quite a long while, and the aerospace company even intervened in way during Velo3D’s critical moments some months ago. They did so in order to ensure continuity of the technology should Velo3D have failed. In other words, everyone in the industry knew very well that SpaceX is tight with Velo3D.
But evidently many investors did not know this, making the CEO’s mention a trigger point for buying.
At the top of the leaderboard the two Chinese giants continued the trends they began last week: Bright Laser rising, and Farsoon falling. It seems that Asian investors see Bright Laser as having more growth potential, while Farsoon is in profit-taking mode with much selling. This week that shift was dramatic enough to slide Farsoon down into third spot, below Xometry.
3D Systems fell twelve percent this week, probably due to their announcement of exchanging a large amount of convertible notes into shares, thus diluting their value somewhat. 3D Systems does not receive any new cash as a result of the transaction, as the convertible notes were established previously.
Sygnis rose dramatically this week, 34%, and there was no official news to drive this huge bump. However, the company had been trading near this level for several weeks recently, and last week suffered a downturn. It may be that last week a larger number of shares were sold due to profit taking, temporarily dropping the valuation — and this week it bounced back to its natural level.
Upcoming Changes
We’ve heard very little about companies intending to become publicly traded recently. This is due to the ongoing lack of investor interest in the technology. The technology’s reputation has suffered immensely in the investment community because of multiple large-scale investment failures in the past few years.
One change we are expecting is the addition of Creality, which recently filed documents to trade on the Hong Kong exchange.
6K Additive has begun trading on the ASE, as we reported recently. However, we are unable to obtain any valuation data and because of that we won’t be including them on the leaderboard until that information appears.
If you are aware of any other publicly-traded 3D print companies that should be on our leaderboard, please let us know!
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Others In The Industry
While we’ve been following the public companies, don’t forget there are a number of private companies that don’t appear on any stock exchange. These privately-held companies likely have significant value, it’s just that we can’t know exactly what it is at any moment. The suspected bigger companies include EOS, Carbon and Formlabs.
Perhaps someday some of them will appear on our major players list.
Related Companies
Finally, there are a number of companies that are deeply engaged in the 3D print industry, but that activity is only a small slice of their operations. Thus it’s not fair to place them on the lists above because we don’t really know where their true 3D print activities lie.
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