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 | $5,382 | +1346 |
| 2 | Xometry | $5,339 | +624 |
| 3 | Bright Laser | $4,493 | +1182 |
| 4 | Shining 3D | $2,459 | 0 |
| 5 | Proto Labs | $2,127 | +348 |
| 6 | Creality | $1,673 | +306 |
| 7 | Stratasys | $774 | +93 |
| 8 | 3D Systems | $613 | +187 |
| 9 | Velo3D | $422 | +119 |
| 10 | Materialise | $409 | +33 |
| 11 | Nano Dimension | $341 | +27 |
| 12 | Titomic | $205 | +18 |
| 13 | 6K Additive | $94 | +11 |
| 14 | AML3D | $42 | +3 |
| 15 | Aurora Labs | $22 | +7 |
| 16 | Massivit | $18 | -1 |
| 17 | Sygnis | $7 | +1 |
| 18 | Freemelt | $5 | -1 |
| 19 | Steakholder Foods | $1 | -0 |
| TOTAL | $24,426 | +4303 |
This week saw massive gains on stock markets worldwide, with major exchanges rising 1-5%. That’s usually good news for the 3D print companies, and indeed it was, with the leaderboard rising an astonishing 21% in total.
There were several very large winners this week.
The most notable shifts were among the Chinese companies. It seems that Chinese investors are revaluing 3D print tech companies, and treating them as legitimate defence/aerospace investments, rather than speculative technology companies, as most 3D print companies have been treated until now.
BLT and Farsoon both rose a whopping 35% and 33% in value this week, adding almost a billion US$ to the leaderboard total. Following along was Creality, which rose 22%. All of these companies appear to be riding the investment wave in Chinese markets this week.
Aurora Labs rose 50% in value this week, which is quite an amount. The trigger? They announced AS9100D aerospace and defence quality certification. This positions them very well in the exploding military market, and investors seem to have rewarded them appropriately.
Both Proto Labs (+20%) and Xometry (+13%) announced financial results last week, and both were quite positive. It seems that while investors are pleased with the results, they are also looking for scaling up, which both of these companies can surely do. Xometry may also be getting a boost due to its focus on its AI marketplace, which distinguishes it from a mere digital manufacturing service.
Stratasys also rose 14%, even though they haven’t announced financials quite yet. It appears that investors are seeing boosts in related companies and are anticipating the same results from Stratasys in advance.
3D Systems announced their quarterly financials, and they were unexpectedly positive. It seems that several of their product lines (notably metal printing) were all up in demand significantly, partly driven by military/aerospace clients. Dental also grew. These results were sufficiently significant to push the valuation upwards an enormous 44%.
The company also announced that their CEO, Jeffrey Graves, would be moving on in coming months, causing a CEO search process. It sounds like the transition will be some months in the making. Graves seems to have completed his job of restructuring the company into a more financially stable and positive state. I take this as the company is switching from “turnaround mode” to “growth mode”, and a new CEO with those different skills would be most valuable.
Velo3D, notorious for being quite volatile, maintained their reputation this week by increasing their value by 39%. This is the third week in a row where they have grown significantly, so that might appear quite positive. On the other hand, their valuation is still lower than it was five weeks ago.
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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