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
|17||Sigma Additive Solutions||11||0|
This week saw some insane changes in company valuations. Overall, the leaderboard leapt upwards almost nine percent, a tremendous amount that added US$647M to the leaderboard total.
However, that increase was definitely not equal among the players.
The winner of the week was Xometry, which rose almost 25%. The company’s stock price rose after they announced a date for the release of their second quarter results. While no specific data was indicated aside from an event date, it seems that investors are getting hyped up about this announcement. It may be that the company’s valuation will peak upwards, as it is about half the value it was only eight months ago.
Not too far behind was Stratasys, the company currently undergoing a number of increasing takeover bids. Due to these bids the value of Stratasys rose sharply this week when the two competing bidders, Nano Dimension and 3D Systems, both raised their bids. Stratasys gained a massive US$200M this week. Stratasys has been gaining on 3D Systems for several weeks now, so this rank shift isn’t entirely unexpected. What is interesting, however, is that evidently Stratasys investors seem to like the takeover bids, while 3D Systems investors seem to be less interested, at least as far as the stock price goes.
Because of that huge shift, and the fact that 3D Systems did not gain much — in fact less than the leaderboard average — we now find Stratasys in first place on the leaderboard. This is the first time the company has reached the top since its inception, and the only other companies to do so were 3D Systems and Xometry.
Given that Stratasys is now officially the largest publicly traded 3D print company, I am wondering why others are buying them instead of the other way around. Perhaps there will be some developments this week.
Shapeways continued its rise, gaining almost 15% in value this week. The company’s valuation dipped precipitously in recent weeks, causing them to implement a reverse stock split to avoid being ejected from the stock exchange. While the company is still massively down from their initial valuation, they seem to have recovered back to February levels.
Velo3D saw a notable rise of over eleven percent this week. While there were no significant announcements, it seems the company’s valuation now has almost two months of steady growth, which is quite unlike the previous volatile patterns.
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.