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 major change in rankings. Desktop Metal has been atop the list for quite some time, but this week they’ve been replaced at the number one spot by none other than 3D Systems.
Last week 3D Systems began a move upwards, most likely due to their unexpectedly positive financial results. Investors have finally seen the effects of the new management approach and are apparently rewarding the company accordingly.
Under their new CEO, the company has embarked on an aggressive program of de-acquisitions, cost-cutting and focusing on the most profitable markets. In that respect, it seems that the healthcare segment is the sweet spot for the company in the past few years, and that will no doubt continue to be one of their major markets in years to come.
Their massive 21.54% jump in market cap is quite substantial, and represents a US$601M gain.
How did the other major players do this week?
Protolabs dipped over eight percent, while most other players rose slightly. Stratasys in particular gained almost 13% in value.
In all the major players gained a total of US$807M in value, a rise of over six percent.
|MARKET CAP (US$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 little change in most of the smaller players, other than a whopping 27% gain by ARC Group WW. This gain is certainly due their recently released financials, which showed a gain in sales of, coincidentally, 28.2%.
voxeljet saw a modest rise of just over seven percent, while new entrant to our list last week, AML3D, dropped seven percent. The remainder of the smaller players remained flat
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.
We are still awaiting the entry of three 3D printing companies that have declared their intention to move onto stock markets: VELO3D, Markforged and Shapeways.
Markforged released their first public financial statements this past week in anticipation of their public offer.
Others In The Industry
While we’ve been following the public companies, don’t forget there are a number of private companies that do not yet 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. Here are some of the more notable privately-owned 3D print companies we’re tracking.
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. Next we will take a closer look at these companies.