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 a very healthy rise in the leaderboard total of over four percent. However, the total is still far, far below what it was a year ago, so there is still much recovery to be achieved.
The biggest jump contributing to the increased total this week turned out to be from Nano Dimension. The embattled company that has been unsuccessfully attempt to take over Stratasys for months leapt upwards with a 20% gain this week. I’m not certain that their ongoing bidding for Stratasys caused the rise, but instead it’s more likely due to their recent financial results.
The company announced record revenue of almost US$15M in the first quarter, apparently a 43% rise year-over-year. However, it’s important to remember that Nano Dimension acquired companies during this past year, and therefore the increased revenue is partially an addition from these companies. Nano Dimension also announced a plan to continue its share buy-back program, which is most likely the big driver of gains here. Angry shareholders have been looking for this for some time, and now they have it.
Another winner this week was none other than 3D Systems, at the top of our leaderboard. The 3D printing giant rose over eleven percent in value this week, possibly due to their surprise announcement of their bids for Stratasys. Evidently 3D Systems investors see great possibilities with such a merger. However, Stratasys has not accepted their offer and still believes their own merger with Desktop Metal provides more value.
Stratasys also rose sharply, but not quite as much. They gained almost nine percent in value this week, which puts big dents into the bids from other companies that offered relatively thin gains for shareholders.
Desktop Metal curiously dropped almost eight percent in value this week. There was no specific news from the company, but the drop could be related to the upcoming merger with Stratasys, and valuations are settling out.
FATHOM rose sharply, with well over 20% gain this week. However, a rise from US$0.36 to US$0.40 is not much when the company’s share price was US$1.19 back in March, only a few weeks ago. I mark this week’s bump as investors finding the bottom for the company.
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.