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 huge rise in markets in general, ranging from two to four percent, depending on which exchange you’re tracking. Usually the 3D print companies tend to exaggerate the larger trends, and that was the case this week as our leaderboard grew by almost eight percent in value.
This is notable because the leaderboard total has basically been stuck at pretty much the same level since February, and I’m wondering if this trend will continue.
With such a dramatic rise in the leaderboard total there would certainly be specific companies that benefited. Indeed that was the case. Strangely, we had companies fall into three categories: those that jumped strongly upwards 11-16%, companies that didn’t change much, and one (FATHOM) that fell twelve percent.
One the positive side we have 3D Systems, which grew 16% this week. This is possibly due to their sudden and surprising announcement of a bid to take over Stratasys, joining Nano Dimension in the ongoing bidding war.
Stratasys themselves rose some 15%, pushing their value less affordable by Nano Dimension. Last week Nano Dimension offered a lower per-share amount to take on over 50% of Stratasys stock, but this is unlikely to succeed for a variety of reasons.
Nano Dimension’s value rose only 2.5% this week, much lower than the company it’s trying to acquire.
The other player in that scenario is Desktop Metal, which agreed to merge with Stratasys in the midst of all these takeover bids. This week Desktop Metal rose 16%, likely carried upwards by sentiments regarding the acquisition and general market conditions.
Should the three, Desktop Metal, Stratasys and 3D Systems tie up together, their combined value could be something over US$4B, about six or seven times larger than the second place company on the list.
Two other companies also benefited from this week’s news: Velo3D, which also rose 16%, and Markforged, which rose 11%. The latter company was recently placed on the Russell Index, which likely was the cause for the bump in value.
Finally, we have Aurora Labs, which rose 21% this week, due to the announcement of a major deal with Aramco to 3D print metal parts in the future. More business is always good to stock prices.
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.