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.
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
This week saw a mostly flat week with a couple of exceptions.
The most notable move was by Xometry, which gained a massive US$322M in value over the week. Their near 17% rise is likely due to an increasing recognition of the importance of their most recent acquisition of Thomas, a connector of buyers and sellers for equipment and materials. This acquisition signals that Xometry’s business will be quite a bit more broad than previously thought, and the two companies’ ability to leverage their respective markets should lift all boats.
Markforged saw a boost of US$71M, nearing eight percent. This is a recovery from a prior dip that was caused by some mistakes in the company’s third quarter financials, which were subsequently corrected. The market reacted badly to this news, which ultimately has little effect on what’s actually happening at the company. Investors seem to be realizing this and thus their stock price is slowly recovering.
SLM Solutions saw a dramatic rise of over eleven percent. Most of this change occurred in the final trading hour this week, with massive increases in trading volume within minutes. This suggests some news was suddenly known to someone. The most recent news seems to be an arrangement between SLM Solutions and automotive supplier Mahle Group. The deal is to push AM technology further in the automotive sector, which would obviously benefit SLM Solutions among other players.
We are still awaiting the appearance on the market of two other 3D print companies. One is FATHOM, a digital manufacturer, which has been developing a SPAC (Special Purpose Acquisition Company) maneuver to complete later this year. The other is Fast Radius, a digital manufacturing cloud service.
Another company set to appear in early 2022 is Essentium, who announced plans to use a SPAC-merger to launch on NASDAQ.
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, Formlabs and SLM Solutions.
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.