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 first take a look at the major 3D printing companies on this week’s list. I consider these companies “major” because their market valuations are significantly larger than others in the space.
This week saw gains incurred by all major players. 3D Systems, which gained the top spot last week due to their first very positive results in many years under their new CEO, grew their lead. 3D Systems market cap grew over eight percent, while number two position Desktop Metal grew only 5.44%.
Positive results this week were not unexpected, as the market itself grew slightly, floating all stocks in general. However, the 3D printing stocks seemed to outperform the market slightly.
Nano Dimension, in particular, rose almost 15% this week. Their specialty is 3D printed electronics, a little different from most of the others on our list.
Why did they rise so much? Their quarterly financials were released in past days, and while they showed a significant loss for the first quarter, they also showed notable, but still small, revenue. This revenue signals their business is coming back to life after “a long corona-related hibernation.” It seems investors see this as positive news.
It may also be that the market is considering alternatives to traditional electronics providers due to recent shortages. They may believe companies could add Nano Dimension equipment to make up for shortfalls.
There was one very slight change in ranking: Stratasys has passed above Materialise by only US$5M to take fifth spot with a gain of US$48M. These two have been closely ranked for some time, and it’s likely they will change spots again.
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The lesser valued companies tend to have much smaller shifts in their market capitalization because there is far less trading occurring on their stocks. The big money tends to hover around the larger players.
This week saw modest gains, with voxeljet remaining atop this list wit a gain of US$5M in market cap.
Robo’s stock ticker is no longer available, as they are no longer operating. We have removed them from our list. The company had done a SPAC a few years ago to enter the Australian exchange, but in recent times their stock price continued to drop and now does not appear on the exchange. It seems that they have executed a reverse SPAC, and their position on the ASX is held by Swoop Holdings, a telecommunications company. This is ironic as they entered the ASX using a SPAC, only to exit using the same method.
Note that we are unable to obtain Massivit’s market cap value, as it does not seem to be published, even though they are a publicly traded company on the Tel Aviv Stock Exchange.
No new announcements regarding tradability occurred this week, so we are still anxiously awaiting the arrival of Markforged, VELO3D and Shapeways on the markets later this year.
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 now 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.