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 | Farsoon | $7,194 | +1851 |
| 2 | Xometry | $5,120 | +345 |
| 3 | Bright Laser | $4,348 | +1344 |
| 4 | Shining 3D | $2,459 | 0 |
| 5 | Proto Labs | $1,929 | +50 |
| 6 | Creality | $1,572 | +12 |
| 7 | Velo3D | $890 | +130 |
| 8 | Stratasys | $774 | 0 |
| 9 | 3D Systems | $580 | +91 |
| 10 | Materialise | $404 | +18 |
| 11 | Nano Dimension | $282 | -29 |
| 12 | Titomic | $242 | -12 |
| 13 | 6K Additive | $96 | +11 |
| 14 | AML3D | $58 | +2 |
| 15 | Aurora Labs | $18 | -1 |
| 16 | Massivit | $17 | -4 |
| 17 | Sygnis | $8 | -1 |
| 18 | Freemelt | $5 | -1 |
| 19 | Steakholder Foods | $1 | -0 |
| TOTAL | $25,999 | +3806 |
This week saw Western markets flat or down, while Chinese markets were up. However, there were several absolutely massive shifts in valuations this week.
The biggest company on the leaderboard, Farsoon, jumped a whopping 35% in value this week. That is an incredible amount — equal to the sum of the bottom half of the leaderboard’s valuations combined — left Farsoon with a valuation exceeding US$7B. That is by far the highest amount of any 3D print company that has ever appeared since we started tracking.
Similarly — and with an even higher boost — was Bright Laser, which rose 45% this week. It wasn’t quite enough for them to take over second place from Xometry, but still quite a massive gain.
Why did these two Chinese companies jump so much this week? While the Chinese markets were up, it seems that a large amount of institutional funds shifted into this market. There, they focused on certain companies seen to be investable. Both Farsoon and Bright Laser are well known, and have recently dropped in value. It may be that investors saw them as good buys, and pushed their valuations to the stratosphere.
The Iran/Hormuz rumoured ceasefire agreement created a rally that probably lit the match, but it did not explain the whole fire. Farsoon and Bright Laser appear to have benefited from a broader global risk shift, but their enormous gains were amplified by sector momentum, recent volatility, and renewed enthusiasm for China’s publicly traded additive manufacturing leaders. Creality did not appear to participate to the same degree, suggesting this was not simply ‘all Chinese 3D printing stocks up,’ but instead a concentrated move in the two major industrial AM names.
Meanwhile, Xometry continued their momentum from last week, rising seven percent. Evidently, investors continue to see their recent investment and dilution as a vote of confidence in the company. It is also increasingly likely that Xometry is now being priced less like a 3D printing stock and more like an AI-enabled manufacturing marketplace.
Velo3D also continued last week’s pattern, rising around 17%. They are increasingly seen as a defense manufacturer, confirmed by many recent announcements from the company. It also didn’t hurt that they’re also seen as a proxy for SpaceX, by far their largest customer.
3D Systems bounced back with an 18% boost this week, likely a rebound from previous week’s drops that were caused by the announcement of a large offering that would cause some dilution. However, it may be that investors realize that the influx of cash will be beneficial to the company’s financials.
Finally, we have Nano Dimension, which fell 13% in value this week. That’s due to the company’s unexpected surprise announcement that they were performing a reverse merger with a DNA technology company, after having divested themselves of almost all of their 3D print technology. In other words, they appear to be exiting the industry, and investors do not seem to be happy. We will be removing Nano Dimension from the leaderboard soon, and look for a more detailed story on this move this week.
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.
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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