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 a pretty bad week for the markets in general, with most markets down around five percent. As you might expect, tech companies such as those on our leaderboard exaggerated that effect, and several saw considerable drops in value.
The most affected this week happened to be Desktop Metal, which dove nearly 22% in valuee over the week. Again, no specific news drove this drop, as several other companies were hit with 10-15% drops. Desktop Metal, however, has posted decent financials recently, and has acquired several other companies to diversify their operations. Only now, however, are the results of those acquisitions surfacing in the public view of the company. I don’t think investors quite realize the capabilities of Desktop Metal yet, as they do offer several unique services that could easily grow significantly.
Among those dropping in value there were some winners.
One was Xometry, holding first place on the leaderboard for multiple weeks now. They actually gained another six percent over the week, defying the market conditions. This was combined with last week’s notable rise, and put even more spread between them and the next players on the leaderboard. In fact, second place 3D Systems is now only 38% as large as Xometry! You’d need two and a half 3D Systems to catch up. Investors really like Xometry.
At the other end of the leaderboard is AML3D, which lost “only” three percent this week. That’s very good results considering the carnage on the rest of the leaderboard. The reason for their staying power seems to be more activity this week on their work with Boeing in the aerospace industry, which could generate significant growth in the future.
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.