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 | Xometry | 852 | +71 |
| 2 | Protolabs | 802 | -15 |
| 3 | Stratasys | 699 | -0 |
| 4 | Nano Dimension | 542 | +13 |
| 5 | 3D Systems | 458 | -16 |
| 6 | Materialise | 310 | +1 |
| 7 | Desktop Metal | 272 | -5 |
| 8 | Markforged | 135 | -2 |
| 9 | Velo3D | 72 | -2 |
| 10 | Titomic | 40 | +9 |
| 11 | FATHOM | 35 | +4 |
| 12 | Massivit | 32 | -6 |
| 13 | AML3D | 13 | +1 |
| 14 | Steakholder Foods | 12 | -0 |
| 15 | Shapeways | 11 | +0 |
| 16 | Freemelt | 9 | -2 |
| 17 | Aurora Labs | 7 | +2 |
| 18 | Sygnis | 4 | -0 |
| TOTAL | 4,304 | +53 |
This week saw key gains on all major indices, good news for investors. However, these overall market gains were not really reflected in the 3D print companies on the leaderboard. That’s unusual, as these companies tend to exaggerate market trends.
This week we have a change at the top: Xometry regains first position, after losing it to Protolabs for a couple of weeks. Xometry’s valuation has been a bit volatile in recent months, but has long been the leader on our chart. This week the company’s valuation rose by nine percent.
Why did Xometry rise? It’s likely because they announced the date of their financials release, prompting investors to speculate that good results are forthcoming. Xometry gained US$71M this week, without which the leaderboard would have dropped by about a percent.
Nano Dimension had a strong week, growing 2.5%. This closed the gap between them and rival Stratasys to US$157M, while stretching their lead over 3D Systems to US$84M.
Titomic was the winner of the week, somehow growing by almost 29% on zero company news. This company has been subject to extreme swings in value for several months now with apparently nothing in particular driving the changes. The company disavows any knowledge of why this is happening, so it may simply be heavyweight investors pushing the stock value around for their own purposes.
FATHOM grew by twelve percent, quite a change after weeks of flat valuations. It seems that the new management in the company is finally being recognized by investors.
Massivit dropped a significant 16% this week on no official news. However, looking at the valuation over the past few months tells the story: the company’s valuation rose abruptly in February, and is only now slowly returning towards its previous normal valuation.
Finally, AML3D rose a healthy nine percent on news of additional deals with military customers. The company is piling up such news, and it seems investors view this quite positively.
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.
