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 | 881 | -38 |
| 2 | Xometry | 868 | +47 |
| 3 | Stratasys | 754 | -56 |
| 4 | Nano Dimension | 593 | -23 |
| 5 | 3D Systems | 535 | -57 |
| 6 | Desktop Metal | 309 | +19 |
| 7 | Materialise | 305 | -6 |
| 8 | Markforged | 142 | -25 |
| 9 | Velo3D | 119 | +4 |
| 10 | Massivit | 40 | -1 |
| 11 | Titomic | 39 | -2 |
| 12 | FATHOM | 31 | -1 |
| 13 | Steakholder Foods | 14 | -2 |
| 14 | Shapeways | 13 | -0 |
| 15 | Freemelt | 12 | -5 |
| 16 | AML3D | 9 | -2 |
| 17 | Aurora Labs | 6 | -0 |
| 18 | Sygnis | 4 | -0 |
| TOTAL | 4,674 | -158 |
This week saw a notable dive by the leaderboard total of over three percent. That’s significant, and hopefully it will not occur again in coming weeks. As a result, most companies on the leaderboard dropped in value.
Two companies that did not drop were Desktop Metal and Velo3D. Desktop Metal continues its growth trend, which seems to be a recovery after the drop caused by the failure of the Stratasys merger, combined with increased focus on the profitable dental market. Meanwhile, Velo3D’s rise is likely due to an increasing backlog of orders, now totaling US$23M of business. That likely pushed investors to a more positive outlook for the company.
On the negative side there were several companies that were significantly beyond the average drop this week.
One was Freemelt, which fell around 30% in value. That seems to be due to the issuance of new shares, which dilutes the value of the existing shares. This followed a rise in value, so investors are likely about where they were before all this occurred.
Markforged fell 15% this week, with no official news driving the shift. It may be the investors are awaiting new developments from the company.
3D Systems fell almost ten percent this week, also without any official news. The company is now almost US$60M smaller than rival Nano Dimension, which itself trails Stratasys by US$120M.
Finally, the leaderboard is a bit smaller this week as voxeljet has been removed from the market. The company decided to do so as they have been struggling financially in recent months, and made a decision to exit the market to save costs.
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.
