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 | Farsoon | $6,493 | +648 |
| 2 | Xometry | $4,792 | -726 |
| 3 | Bright Laser | $4,310 | -155 |
| 4 | Shining 3D | $2,459 | 0 |
| 5 | Proto Labs | $1,904 | -293 |
| 6 | Creality | $1,795 | +116 |
| 7 | Stratasys | $692 | -89 |
| 8 | 3D Systems | $530 | -86 |
| 9 | Velo3D | $427 | -92 |
| 10 | Materialise | $389 | -10 |
| 11 | Nano Dimension | $325 | -19 |
| 12 | Titomic | $190 | +2 |
| 13 | 6K Additive | $103 | +7 |
| 14 | AML3D | $40 | -1 |
| 15 | Aurora Labs | $20 | +1 |
| 16 | Massivit | $18 | +1 |
| 17 | Sygnis | $7 | -0 |
| 18 | Freemelt | $5 | +0 |
| 19 | Steakholder Foods | $4 | +0 |
| TOTAL | $24,503 | -695 |
This week saw lots of downs and a few ups. The markets in general were down overall, some significantly (NASDAQ dropped two percent).
While the leaderboard total lost almost three percent, at the top Farsoon grew a significant eleven percent this week. This puts their valuation at an incredible US$6.5B, which is almost certainly the highest value we’ve ever had on the leaderboard for a single company. This week’s gains for the company were actually more than the value of 2/3s of companies on the leaderboard.
Why did Farsoon jump up when many similar companies were down or flat? It seems they are not like other companies: they are producing very strong results, such as their revenue, which has jumped 42% this year. It’s real growth, not just speculation. That seems to have lit up investors.
Meanwhile, their counterpart Bright Laser fell slightly, about 3.5%. While no news befell the company, it seems they may have been the victim of general downward trend on the Shanghai exchange this week.
Xometry fell a huge 13% this week, very likely due to profit taking after a massive spurt of growth earlier. They presented good financials and their valuation jumped accordingly. This is the pull back one usually sees later in such situations.
Proto Labs also fell about the same amount, for the same reasons. These two companies are quite similar, at least in valuation behavior this week.
Stratasys was among the companies that fell this week, falling more than eleven percent. This could be due to their relatively flat financials, which showed that their revenue very slightly slipped downwards. Combine that with an upset market, and you have a decline.
3D Systems fell 14% this week, but that’s ok because the company had grown significantly in the past two weeks due to a combination of excellent financials and some new deals. However, profit taking is inevitable.
Velo3D had a similar story this week, but a bit amplified due to the company’s traditional volatility. They fell 18% this week, even though they had very good financials reported the other week.
Creality was a bit strange. The company announced they were expecting a loss, but somehow their valuation went up about seven percent. This is probably because the bad news had already been absorbed into the valuation the other week, and so this week is a bit of a bounce back.
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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