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 | $5,666 | -269 |
| 2 | Bright Laser | $4,058 | -502 |
| 3 | Xometry | $2,249 | +124 |
| 4 | Proto Labs | $1,363 | -113 |
| 5 | Stratasys | $748 | -74 |
| 6 | Nano Dimension | $383 | -13 |
| 7 | Materialise | $314 | +7 |
| 8 | Velo3D | $298 | +48 |
| 9 | 3D Systems | $286 | +4 |
| 10 | Titomic | $249 | +9 |
| 11 | 6K Additive | $96 | -19 |
| 12 | AML3D | $62 | +5 |
| 13 | Aurora Labs | $21 | +2 |
| 14 | Sygnis | $10 | +0 |
| 15 | Massivit | $9 | -0 |
| 16 | Freemelt | $4 | -0 |
| 17 | Steakholder Foods | $1 | -0 |
| TOTAL | $15,818 | -791 |
This week saw big declines on all major exchanges worldwide, almost certainly due to the US and Israeli combat action in Iran. The conflict has resulted in the closing of the Straits of Hormuz, through which something near 20% of the world’s oil production flows.
China is a major buyer of that oil, and if prices rise, so do all the products produced by China. The same equation will hold for most other countries, including the US. While the US acquires little oil from the Gulf region, the price of oil is global.
But what about the military sector, which has been booming lately? That’s a major driver of additive manufacturing activity. It seems that investors see otherwise, and that caused the leaderboard to drop by nearly five percent.
The two large Chinese companies on the leaderboard were not immune to this syndrome, with Bright Laser falling eleven percent, and Farsoon falling four percent. Why did Bright Laser fall more? It could be that last week they had a big boost in value based on a financial release, and this week could be the combination of war effects and the normal profit-taking after an upward bounce.
Profit-taking is likely also the cause behind Proto Lab’s dip of almost eight percent. The company’s valuation has been quite high for the past few weeks, and a market downturn might be a good time to cash in before things go too far south.
Stratasys fell nine percent, certainly due to their latest financial report. Here the rationale for the dip is much more clear: the company’s financials, released this past week, showed a decline in revenue, and they missed their forecasted targets. The market reacted appropriately.
Velo3D rose an incredible 19% this week. It seems they are the exception to the pattern this week, as they have made a series of announcements lately featuring a range of deals with the US military. It may be that they received the majority of the positive military sentiment among tradable 3D print companies this week.
6K Additive fell 16% this week, in spite of an announcement of a military deal. That’s likely because they also announced a net loss of around US$18M, which is probably where investors set their focus.
AML3D, the Australian metal 3D printing company, rose nine percent, likely due to their notice of a very strong order book that carries well into the year. Investors like that type of information, as it shows significant customer interest in the company’s products.
Finally, we have Aurora Labs, another Australian metal 3D printing company that rose around eight percent this week. The boost doesn’t have anything to do with financials, but is likely due to the sudden appointment of a retired General to their advisory board. This could open up leads into military contracts for the company, and investors took note.
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.
One change we are expecting is the addition of Creality, which recently filed documents to trade on the Hong Kong exchange.
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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