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 | Bright Laser | $2,220 | -52 |
| 2 | Farsoon | $1,910 | -12 |
| 3 | Xometry | $1,680 | -17 |
| 4 | Proto Labs | $879 | +4 |
| 5 | Stratasys | $748 | +1 |
| 6 | Nano Dimension | $337 | 0 |
| 7 | Materialise | $318 | +19 |
| 8 | Titomic | $251 | +3 |
| 9 | 3D Systems | $211 | -8 |
| 10 | AML3D | $55 | +1 |
| 11 | Aurora Labs | $12 | -2 |
| 12 | Freemelt | $8 | +1 |
| 13 | Massivit | $7 | +1 |
| 14 | Sygnis | $5 | +0 |
| 15 | Steakholder Foods | $2 | -0 |
| TOTAL | $8,644 | -62 |
This week saw healthy rises in all major exchanges, in and around the two percent level. That’s significant for markets, and typically we see the 3D print companies exaggerate the overall trend.
That did not happen this week. In fact, the leaderboard actually dropped almost a full percentage point. Most companies were flat or negative, with the exception being the small-cap entries at the bottom. However, those are always subject to wild valuation swings, and the true trends are at the top of the chart. For example, Aurora Labs rose eleven percent, while Freemelt fell about the same.
The two Chinese companies at the top of the leaderboard fell somewhat, and their huge valuations represented most of this week’s drop.
The only company worthy of discussion this week turns out to be Materialise, which beat the market trends with a 6.3% rise in value. That’s notable, particularly during this rather passive week. What caused this bump?
The company’s most recent release describes their upcoming annual general meeting, which appears to be quite routine from my scan of the document. However, they also mention there is an Extraordinary Shareholders Meeting. Sometimes these mean bad news, other times not.
According to their press release, the Extraordinary Shareholders Meeting is intended to permit the board to increase authorized share capital and change the date of their next AGM. Neither of these is bad, but they aren’t sufficiently positive to drive up the valuation.
So what happened? If we look at the company’s valuation over the past month, we can see that their stock price has been bopping up and down between US$5.00 and US$5.50. It seems to happen each week, and it turns out this week was an “up 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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