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
|19||Sigma Additive Solutions||11||0|
This week saw very modest gains in the larger market, with a notable swing up in mid-week, but then crashing down towards the end of the week. The result was a very slim positive.
How did our 3D print companies fare in this up and down rollercoaster? As you might expect, it was a mixed bag, with most companies staying flat. There were some exceptions, however.
The lower-cap companies were more volatile than the larger companies, but that’s par for the course in that range. Titomic actually lost over ten percent of their value this week, but that company has been up and down quite a bit this year.
At the top end, however, the winner seems to be 3D Systems, which gained near six percent in value over the week. What caused this rise? It could have been a result of a press release in which the company noted they’ve sold one of the large metal 3D printing systems to a new contract manufacturing client.
This is notable because 3D Systems is not known as one of the leaders in the profitable metal 3D printing space, even though they’ve offered that capability since they acquired that technology many years ago. It may be that the sale has signaled investors that their could be more metal 3D printing business on the way.
That could indeed be the case, as a growing contract manufacturer could potentially purchase more equipment if successful. In addition, parts produced by the system could eventually lead to additional sales directly to parts manufacturers.
While 3D Systems did grow their hold on second place on the leaderboard, first place Xometry continued their strength with a near four percent gain over the week. This maintained their massive lead, which is now more than 3D Systems AND Stratasys combined!
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.