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
| RANK | COMPANY | CAP | CHG |
| 1 | Bright Laser | $1,863 | -2 |
| 2 | Xometry | $1,646 | +27 |
| 3 | Farsoon | $1,451 | -77 |
| 4 | Proto Labs | $1,023 | +19 |
| 5 | Stratasys | $664 | -39 |
| 6 | Nano Dimension | $511 | -7 |
| 7 | Materialise | $495 | +11 |
| 8 | 3D Systems | $488 | -34 |
| 9 | Titomic | $194 | -11 |
| 10 | Desktop Metal | $76 | +3 |
| 11 | Markforged | $60 | -8 |
| 12 | AML3D | $49 | -2 |
| 13 | BigRep | $37 | +9 |
| 14 | Aurora Labs | $19 | -2 |
| 15 | Massivit | $9 | +0 |
| 16 | Steakholder Foods | $5 | +0 |
| 17 | Freemelt | $4 | -2 |
| 18 | Sygnis | $3 | -0 |
| TOTAL | $8,595 | -115 |
This week saw markets up a percent or so, generally positive. However, the leaderboard fell by over a percent, and there are some reasons for this.
3D Systems fell six and half percent this week, perhaps due to investors expecting less than positive financial results coming up soon. This left 3D Systems in eight place on the leaderboard. Rival Stratasys also fell, although not quite as much. It may be that the recent industry analyst reports describing poor results in the markets served by these companies affected investor sentiment.
Meanwhile, Nano Dimension actually rose slightly, likely a bit immune to the analyst reports because they largely serve different industries. A second effect may be a bit of glow driven by the company’s recent board and management change.
Speaking of Nano Dimension, I’ve been closely watching the two companies with pending acquisition agreements with Nano Dimension. The company’s new CEO indicated there may be delays or changes in the terms of these deals. However, there is also the possibility they may be cancelled outright. Because of this uncertainty, Desktop Metal has fallen significantly in value over the past months. This week it did bounce up slightly, however. Meanwhile, Markforged had been somewhat immune to these effects, but this week it seems investors got the message and its valuation fell by more than 12%.
BigRep, a company whose valuation has plummeted since it launched on the stock market only months ago, jumped a whopping 34% this week. There was no official news from the company to justify this leap, but German stock markets had an overall boost due to a regulatory change. However, there is likely more to the story here.
Upcoming Changes
We’ve heard very little about companies intending to become publicly traded recently. This is due to the ongoing lack of investor interest in the technology. The technology’s reputation has suffered immensely in the investment community because of multiple large-scale investment failures in the past few years.
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.
Related Companies
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.
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