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 | $2,782 | -249 |
| 2 | Farsoon | $2,556 | +93 |
| 3 | Xometry | $2,524 | +133 |
| 4 | Proto Labs | $1,192 | +1 |
| 5 | Stratasys | $871 | -20 |
| 6 | Nano Dimension | $293 | -15 |
| 7 | Materialise | $292 | -4 |
| 8 | 3D Systems | $272 | -41 |
| 9 | Titomic | $246 | +8 |
| 10 | AML3D | $85 | -16 |
| 11 | Velo3D | $72 | -14 |
| 12 | Massivit | $11 | +2 |
| 13 | Aurora Labs | $10 | +1 |
| 14 | Sygnis | $10 | +0 |
| 15 | Freemelt | $7 | +0 |
| 16 | Steakholder Foods | $2 | -1 |
| TOTAL | $11,226 | -122 |
This week saw mostly positive shifts on the major markets, but our leaderboard fell a percent this week.
At the top, the two Chinese companies had divergent results: Bright Laser was down eight percent, while Farsoon was up about four percent. Of course, there were no announcements related to these changes, but we know that Bright Laser had troubled results at the end of last year, possibly making investors a bit less confident.
Xometry was up five percent, likely due to continued interest in their good financials posted a couple of weeks ago.
3D Systems fell 13% this week. This is a sharp fall off, and it’s likely due to increased investor examination of their recent financials. In those financials, they reported a profit, which caused the valuation to rise significantly last week. However, a deeper look shows that most of the profit was due to the sale of the GeoMagic software division.
The company used that cash to retire debt and buy back some shares. Meanwhile, their underlying operations are just as troubled as they had previously been, and it could be that investors took a second look and realized what was actually going on behind the profit line.
AML3D fell almost 16% this week, which sounds dramatic. However, if you look at the long play here, the company valuation rose precipitously over the course of a few months, and then began slowly cruising downward back to where it had previously settled. This week’s drop seems to be part of that longer-term pattern.
Velo3D fell almost 17% this week, the second week for them back on the stock market. It’s likely the valuation fell due to profit taking after the high initial level of its reappearance.
Massivit rose a massive 25% this week on news they had signed a deal with a partner to create an advanced additive manufacturing centre for military production. This no doubt makes extensive use of the company’s Cast In Motion technology, which involves 3D printing molds to cast composite materials. Investors see this as a huge step by the company into the defence sector, one that is booming.
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.
One change we are expecting is the addition of Creality, which recently filed documents to trade on the Hong Kong exchange.
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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