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
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This week saw great results, as the leaderboard total grew by a very healthy 7.4%. As a result, most companies’ valuations rose or were near flat. That’s good news, but one must recall that a year ago the leaderboard total was basically double what it is today. Investors from last week are happy; those from a year ago are still unhappy.
There were a couple of notable shifts this week.
Desktop Metal’s valuation gained an astonishing 28%, leaping them up two positions on the leaderboard. Again, there was no official news from the company that might have triggered this shift. There was a highlight story in the Wall St. Journal about the company, but this occurred after the end of trading, so that’s not it.
My guess is that there is positive anticipation about the company’s upcoming financials, and perhaps some investors are making a move before Desktop Metal jumps up in value. This would not be the first time Desktop Metal has leapt up (or down).
Another winner this week is FATHOM, the large contract manufacturing service that uses a significant amount of 3D printing. They went public about a year ago, and at one point were in fourth place on the leaderboard. However, since then their valuation has declined significantly, like many other players. However, this week they saw a massive 29% jump in value.
Again, no official news driving this move. But like Desktop Metal, we could see interesting financials released by the company in coming weeks, and perhaps investors are anticipating something positive.
Note the both Desktop Metal and FATHOM have both been valued far higher than they are now, which may lead some investors to believe they can regain the higher valuations in the future.
3D Systems did well this week with a boost of around eleven percent in value. This puts them much closer to Xometry’s first place position, with now only US$71M between the two. In contrast, it wasn’t too long ago that Xometry’s valuation exceeded both 3D Systems AND Stratasys combined! Not so any longer.
A company set to appear was Essentium, who announced plans to use a SPAC-merger to launch on NASDAQ. However, that deal has been suspended so we’re wondering what the company’s next steps might be.
One company I’ve started to watch is ICON, the Texas-based construction 3D printer manufacturer. This privately-held company has been raising a significant amount of investment to the tune of almost half a billion dollars. At that level it is likely they will be discussing a transition to public markets at some point, which would certainly place them at or near the top of our leaderboard.
Another company that would seem logical to go public is VulcanForms, a manufacturing service using an advanced metal 3D printing process. They are currently privately valued at over US$1B, and going public could cause that to go even higher.
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.
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.