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
|19||Sigma Additive Solutions||11||0|
This week saw pretty terrible results. The markets in general were down around three percent, which means the 3D print companies tended to be down even more. Typically tech companies tend to exaggerate general market trends, and that was the case for most companies this week.
The leaderboard total decreased by a whopping 8.5%, a drop exceeding US$700M in total. Aside from a couple of the small cap entries losing significant value, the most notable drop was in leader Xometry, which lost a massive 15% in value this week. Their loss represented 42% of the leaderboard change.
Of course, there was no specific news from Xometry driving this shift. However, the company had recently posted good financial results that caused a rise in value in prior weeks. This week’s drop might have been a combination of profit-taking in addition to general market malaise.
A number of other companies saw losses in the 8-12% range, but there were a couple of bright spots. The week’s winner seems to be SLM Solutions, which rose almost four and half percent in value. The company recently dropped in value significantly, and this week could have been a bit of a bounce back towards the company’s natural valuation. The company also announced a sale of their massive NXG XII 600 metal 3D printer, which itself represents a big chunk of revenue.
Desktop Metal was one of the companies losing value this week, which is quite curious because they announced not only a huge US$9M deal with an automaker and a milestone of 1,000 installed units. It may be that investor analysis lag may cause their value to rise next week.
Nano Dimension’s value tumbled nearly twelve percent this week. While some of that decrease is certainly tied to the general market conditions, the company has also plunged into controversy. It seems there is a struggle for control at the CEO and board level, and there a number of disturbing reports of unusual corporate steps being taken. It’s likely this company’s value will be volatile for the near future.
A company set to appear was Essentium, who announced plans to use a SPAC-merger to launch on NASDAQ. However, that deal has been suspended so we’re wondering what the company’s next steps might be.
One company I’ve started to watch is ICON, the Texas-based construction 3D printer manufacturer. This privately-held company has been raising a significant amount of investment to the tune of almost half a billion dollars. At that level it is likely they will be discussing a transition to public markets at some point, which would certainly place them at or near the top of our leaderboard.
Another company that would seem logical to go public is VulcanForms, a manufacturing service using an advanced metal 3D printing process. They are currently privately valued at over US$1B, and going public could cause that to go even higher.
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.
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.