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 quite bad valuation dips in most companies on the leaderboard. Overall, the leaderboard total lost ten percent of its value over the week, with many companies following the same pattern.
Leaders Xometry and 3D Systems each dipped ten percent, following the overall market trend.
Strangely, several leading companies bucked the trend and lost only four to five percent in value. Stratasys this week announced a new health care venture, which perhaps gave investors sufficient hope to hold their valuation. Desktop Metal also announced a dental initiative, which may have had the same effect. Meanwhile, Velo3D had similar results, but without any news. This is actually predictable, as Velo3D’s stock value seems to often do the opposite of the market for some reason.
One of the week’s winners was Nano Dimension, which rose about ten percent in value. This is most likely due to outstanding financial results announced the other week, where they stated their revenues rose an incredible 646% over the prior year.
Titomic rose eight percent, likely due to several announcements of new resellers in new territories, along with announcements of equipment sales. This is in spite of a parallel announcement of Credit Suisse ceasing to be a substantial investor, where their shares were disposed of over several weeks, likely depressing the stock price.
Protolabs was on the other side of the ledger this week, losing a massive 37% percent in value, dropping them from position three on the leaderboard all the way down to position seven. The huge drop was no doubt due to their financial results, which missed earnings predictions and ruffled the feathers of investors.
One final note: a reader pointed out an error in our calculations of Massivit’s value, so we’ve made some changes. As a result, Massivit’s change for this week won’t be listed. However, they have not changed position on the leaderboard.
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.