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 slight drop in the leaderboard total, likely due to general market conditions. The market has been up for a few weeks, so it’s likely there are many people taking profits, and thereby driving down the markets overall slightly. Of course, the leaderboard exaggerated that trend with a stronger dip.
This week we see that 3D Systems still sits atop the leaderboard, but it appears that Stratasys is closing the gap. A few weeks ago 3D Systems held a strong lead, but the ongoing takeover discussions involving Stratasys seem to have boosted its value significantly, and now they are only six or seven percent behind the leader. This week 3D Systems dropped a bit in value, but Stratasys dropped less, closing the gap a bit more. I’m now wondering who should be buying who.
Nano Dimension, the other player in the Stratasys takeover game, actually rose notably this week by over four percent. I suspect this is due to their announcement of preliminary Q2 financial results, which apparently show significant organic growth. This is quite different from prior reports where growth was actually gained from acquisitions, not organic sources. Investors always like organic growth.
FATHOM dropped a whopping 14% this week, but this seems to be part of a larger downward trend for the company’s valuation, which has been more or less falling since January. It was up a bit last week, making this week’s return to the pattern a bit more dramatic than it actually is.
Velo3D dropped almost nine percent this week, but for the company with the most volatile valuation it’s not surprising. In fact, the company’s value has actually been trending up for the past two months if you try to see through the dramatic ups and downs.
Shapeways has stabilized their valuation after performing a reverse stock split to avoid being de-listed. Their valuation rose a tremendous 19% this week, but one must keep in mind they are still catastrophically under their initial valuation when they entered the public markets.
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.