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 | Xometry | $5,368 | +273 |
| 2 | Farsoon | $3,281 | -429 |
| 3 | Bright Laser | $3,099 | -375 |
| 4 | Shining 3D | $2,459 | 0 |
| 5 | Proto Labs | $1,648 | -400 |
| 6 | Creality | $1,520 | -86 |
| 7 | Stratasys | $592 | -7 |
| 8 | 3D Systems | $462 | -43 |
| 9 | Materialise | $425 | -55 |
| 10 | Velo3D | $211 | -3 |
| 11 | Titomic | $108 | -13 |
| 12 | 6K Additive | $89 | +13 |
| 13 | AML3D | $45 | +3 |
| 14 | Aurora Labs | $20 | -1 |
| 15 | Massivit | $8 | -3 |
| 16 | Freemelt | $6 | -1 |
| 17 | Sygnis | $6 | -1 |
| 18 | Steakholder Foods | $0 | +0 |
| TOTAL | $19,347 | -1126 |
This week saw poor results on major exchanges, with the NASDAQ down about two percent. The Chinese major exchange, the SSE, was down over two percent this week as well. Not a happy time for investors, and there was plenty of carnage on the 3D print leaderboard.
Amongst all the damage, leader Xometry somehow managed to go up five percent in value this week. It’s likely due to very positive sentiment expressed by Cantor Fitzgerald earlier in the week, which set a high target for the company. That must have been enough to withstand the overall downward trends.
Meanwhile, their competitor Proto Labs fell almost 20% this week. Normally the two companies are fairly synchronized in valuation shifts, but not this week. Their fall is in spite of reports of record revenue and an earnings per share rise. However, the company apparently forecasted lower revenue in future quarters, which seems to have been noticed by investors.
Materialise fell about twelve percent this week, likely due to their latest financials. They showed revenue up only by two percent, which is not good for a company valued on growth. This also missed their forecast, which investors tend to punish.
3D Systems and Stratays also took alternate routes this week. 3D Systems fell about nine percent, while Stratasys fell only one percent. The difference is likely due to company positioning. This week Stratasys announced new production applications with automotive companies and a new industrial 3D printer, while 3D Systems didn’t have anything near as juicy for investors. Investors like production news because it can signal significant future growth.
Both Farsoon and Bright Laser fell this week, over ten percent each. Farsoon had reported good financials, while Bright Laser had a profit decline of over 30%. Regardless of these differences, both seem to have been swept up in a weakening Chinese technology market, which actually fell more than these two companies did.
Massivit fell almost 25% this week, but had no official company announcements to drive this effect. It seems that investors might be less certain about the company in an increasingly risky world, at least for this week.
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.
If you are aware of any other publicly-traded 3D print companies that should be on our leaderboard, please let us know!
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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