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 to 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.
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 first take a look at the major 3D printing companies on this week’s list. I consider these companies “major” because their market valuations are significantly larger than others in the space.
Major Players
| RANK | COMPANY | CAP | CHG |
| 1 | 3D Systems | 3495 | -235 |
| 2 | Desktop Metal | 3149 | -141 |
| 3 | Protolabs | 2389 | -27 |
| 4 | Nano Dimension | 1911 | -20 |
| 5 | Stratasys | 1374 | -75 |
| 6 | Materialise | 1343 | +98 |
| 7 | ExOne | 445 | -30 |
| TOTAL | 14105 | -430 |
This week saw a generally down week for all stocks, with a couple of minor exceptions. No change in market cap rankings occurred.
The exception in this category was Materialise, which gained a healthy US$98M week over week. Meanwhile the other players all lost between one and six percent of their total value. The major players were down about three percent overall, and this is likely due to the entire market being down about two percent on the week.
Why was Materialise immune to the drop suffered by the others?
The company had no significant announcements during the week that might have influenced their pricing. However, the previous week the company surprisingly announced they were issuing 4M shares by means of ADSs.
That announcement caused their shares to crash in value, even below the value of the ADSs! In retrospect, it may be that the market slightly over-reacted to the announcement, and this week their stock price recovered somewhat. And by “somewhat”, I mean less than a dollar per share. They are still below the ADS price.
Other Players
| RANK | COMPANY | CAP | CHG |
| 8 | voxeljet | 80 | -5 |
| 9 | ARC Group WW | 30 | -6 |
| 10 | AML3D | 19 | -2 |
| 11 | Aurora Labs | 9 | +0 |
| 12 | Tinkerine | 3 | -1 |
| TBD | Massivit | TBD | TBD |
| TOTAL | 140 | -14 |
The lesser valued companies tend to have much smaller shifts in their market capitalization because there is far less trading occurring on their stocks. The big money tends to hover around the larger players.
This week saw similar results to the major players: all were dragged down slightly due to overall market effects. If anything, the smaller companies were affected to a deeper degree.
However, there was one exception: Aurora Labs. The company actually gained almost six percent in value over the week. There’s no particular reason for this, but the company’s stock price has been sliding slowly downward for months, and perhaps this increase might suggest they’ve bottomed out and are primed for growth.
Note that we are unable to obtain Massivit’s market cap value, as it does not seem to be published, even though they are a publicly traded company on the Tel Aviv Stock Exchange.
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 now exactly what it is at any moment. The suspected bigger companies include EOS, Carbon, Formlabs and SLM Solutions.
Perhaps someday some of them will appear on our major players list.
