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
This week saw a somewhat positive collection of valuation changes, although the majority of the leaderboard companies actually declined slightly. That effect was due to the very good results of a few that overcame the generally negative changes for the rest. In total, the leaderboard valuation grew by 1.7% over the prior week. However, it’s still quite a bit lower than it was in months past.
This week’s winner was Desktop Metal, whose value rose by almost 14% over the week. This is quite interesting, because the company announced they would be announcing their first quarter 2022 results on May 10th, tomorrow. Evidently the market feels the results will be good, and their actions over the week drove up the price. It should be interesting to see what Desktop Metal comes up with on Monday.
The other winner would be Xometry, which is in a similar position to Desktop Metal: they will be announcing their results this week. Again, the market feels they’re in for good results, and the stock price rose accordingly. Well, almost 14 percent, and putting Xometry in first place on the leaderboard, beating out 3D Systems, which actually dropped almost three percent like most other companies on the leaderboard. Does this imply there are insiders that somehow have notions on the results of these companies?
Another winner was Protolabs, which gained almost eight percent. This time it was due to reality, not suspicion, as they announced their financial results and actually beat their previous earnings estimate slightly. As a result, their value rose considerably.
The remaining companies on the leaderboard mostly dropped between 1-7 percent each, basically tracking with the overall market.
We are still awaiting the appearance on the market of one more 3D print company: Fast Radius, a digital manufacturing cloud service that announced their intention to go public.
Another company set to appear in early 2022 is 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.
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, Formlabs and SLM Solutions.
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.