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 | Protolabs | $811 | +34 |
| 2 | Xometry | $672 | +118 |
| 3 | Stratasys | $637 | +19 |
| 4 | 3D Systems | $530 | +103 |
| 5 | Nano Dimension | $522 | -20 |
| 6 | Materialise | $298 | +14 |
| 7 | Desktop Metal | $166 | -0 |
| 8 | Markforged | $98 | +8 |
| 9 | Titomic | $79 | -5 |
| 10 | AML3D | $44 | -11 |
| 11 | Velo3D | $27 | +0 |
| 12 | Aurora Labs | $25 | +6 |
| 13 | Massivit | $16 | +0 |
| 14 | Freemelt | $12 | +0 |
| 15 | Steakholder Foods | $10 | -0 |
| 16 | Sygnis | $4 | +1 |
| TOTAL | $3,951 | +264 |
This week saw the markets up in general, and the 3D print companies followed the trend with a whopping seven percent gain for the leaderboard total over the week. That’s in spite of the removal of Shapeways, which declared bankruptcy last week — although they weren’t worth very much at the time.
Xometry was a winner this week with a 21% gain. The company’s valuation rose daily this week, but while it appears to be a massive gain, it actually just caught them up to where they were a month ago. There was no specific news to drive this effect, so it is likely just the stock price normalizing at a natural level.
Another winner was 3D Systems, which saw perhaps the biggest gain it has ever had, 24%. Similar to Xometry, there was no specific news, and the stock price seems to be bouncing back to the level it was two weeks ago. Note that the valuation was even higher some months ago, so it’s not as if investors from those days are profiting.
Nano Dimension, which saw a big jump last week when they announced the intent to acquire Desktop Metal, fell about four percent this week, likely due to profit-taking. This, combined with 3D Systems’ big gain, places Nano Dimension third among rivals Stratasys and 3D Systems.
Then we have the three Australian metal 3D printer companies: AML3D, Titomic and Aurora Labs. Titomic in particular has been extraordinarily volatile, and this week fell about six percent. That doesn’t even put a dent into the huge raise in valuation over the past four months, so it’s likely more profit-taking.
AML3D fared the worst of the bunch, falling a huge 20% this week. The company’s valuation has been skyrocketing after multiple announcements of sales and deals with various military organizations. Evidently there was some profit-taking this week, hence the dip in valuation. The company is still far more valuable than it was three months ago.
We have Aurora Labs, which over the past few weeks received a huge boost in valuation. This week was the same: a rise of over 30%. From the stock price chart it appears that there was some profit taking after the big boost, but then the stock has bounced back to near peak levels. It seems that investors have finally discovered these three Australian metal 3D printer companies.
Finally, we’ve removed Shapeways from the leaderboard after it was added only in October 2021. The company went public after many years in private hands via a SPAC, but like many companies that attempted this move, failed miserably a few years later. On our list of companies falling out of the leaderboard for one reason or another, they join:
- ExOne
- FATHOM
- Robo
- Fast Radius
- Tinkerine
- Sigma Additive Solutions
- SLM Solutions
- Voxeljet
Upcoming Changes
BigRep announced plans to go public via the SPAC approach, so we will soon see them appear on the leaderboard.
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.
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.
