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.
|MARKET CAP (US$M)
This week saw a switch in ranking: 3D Systems has stepped ahead of Protolabs for the number two spot. This is due to 3D Systems’ unexpectedly profitable results, which were the first positive results seen by the company in quite a long time. Accordingly, investors set upon the stock and pushed its price up considerably, with a gain week-over-week of almost US$400M.
Other companies on the list saw slight declines, likely dragged down due to the rather poor overall market conditions this week.
|MARKET CAP (US$M)
|ARC Group WW
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 a change to our list. I discovered another publicly traded 3D printer manufacturer, Australia-based AML3D. They now appear on our list, and take up the second position in the smaller players list, behind voxeljet by a considerable margin.
Note that Robo now appears with a “0” valuation. That’s simply due to rounding, as their market cap seems to have dropped below US$1M, and now shows as only US$136K.
We’re still awaiting the entry of Markforged, VELO3D and most recently Shapeways, each of which have formally declared their intention to begin trading on the markets. Each of the three will most likely land in the major players list.
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.