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 | $4,375 | +216 |
| 2 | Farsoon | $3,685 | +176 |
| 3 | Xometry | $3,216 | +2 |
| 4 | Proto Labs | $1,216 | -32 |
| 5 | Stratasys | $770 | +5 |
| 6 | Velo3D | $407 | +76 |
| 7 | Nano Dimension | $328 | -11 |
| 8 | Materialise | $323 | -13 |
| 9 | 3D Systems | $270 | +4 |
| 10 | Titomic | $262 | +37 |
| 11 | 6K Additive | $100 | +100 |
| 12 | AML3D | $67 | +3 |
| 13 | Aurora Labs | $20 | +4 |
| 14 | Sygnis | $14 | -0 |
| 15 | Massivit | $8 | +1 |
| 16 | Freemelt | $5 | +0 |
| 17 | Steakholder Foods | $1 | -0 |
| TOTAL | $15,068 | +568 |
This week saw declines in major markets, although towards the end of the week things perked up slightly — but not enough to recover completely. This pattern was not followed by the 3D print leaderboard companies, and there’s a good reason for this.
When I say “major markets”, I am looking at the Western markets, not the overseas markets, on which some of the 3D print companies trade. Those markets seemed to have a different attitude this week, resulting in notable changes.
At the top of the leaderboard, the two Chinese companies, Bright Laser and Farsoon, both rose around five percent this week. As they are by far the largest companies on the list, slight changes in their valuations cause big changes in the leaderboard total. Why did they rise five percent? There were no official announcements from the companies, but it appears there is plenty of positive sentiment on the Shanghai exchange, rising all boats that look profitable.
To give some perspective on the size of these two companies, their valuations are now larger than all other companies on the leaderboard combined. That’s why the leaderboard is positive even though the major Western markets were sliding downward.
There were a few other positive notes this week.
One was from Velo3D, which rose again this week, nearly 23%. This is a continuation of the positive vibes gained from a couple of recent deals announced by the company, which has been recovering nicely since its return to the market.
Interestingly, Velo3D’s growth, combined with general declines in other companies on the leaderboard, now has the company valued more than Nano Dimension, 3D Systems, and Materialise.
Aurora Labs also saw huge growth this week, with a 24% rise in value. This is also a continuation of the positive investor sentiment from an earlier announcement of share structure changes.
Titomic, the Australian producer of metal 3D printers, rose 16% this week. This is a continuation of a rising pattern that started as the company announced a series of deals with US manufacturers and the military.
Finally, we have an addition to the leaderboard: 6K Additive. The company “went public” a few weeks ago, but we had difficulty determining their market cap. It turns out there are some peculiarities about their stock configuration that are confusing the usual data sources.
6K Additive is an American company, but is listed on the Australian Stock Exchange. It’s not clear why they did so, but perhaps it was easier for them to launch there, rather than on the NASDAQ or NYSE. However, by doing so, they are not actually on the ASE. Their ASE listing is really for a special depository interest, a financial instrument that represents shares in a non-Australian company, hence the data problem.
That said, we have figured out an alternative workflow that should reliably produce the company’s true market value. This allows 6KA to take their place on the leaderboard, and this week they are in quite a good position with a US$100M valuation.
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.
One change we are expecting is the addition of Creality, which recently filed documents to trade on the Hong Kong exchange.
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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