Who’s The Biggest In 3D Printing, Episode 5

Once again we take a look at the valuations of the major 3D printing companies.

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.

Let’s first take a look at the major 3D printing companies on this week’s list. I consider these companies “major” because their market valuations are significantly larger than others in the space.

Major Players

RANK	COMPANY	MARKET CAP (US$)	CHANGE
1	Desktop Metal	3,112	+39
2	Protolabs	3,020	+43
3	3D Systems	2,784	+135
4	Nano Dimension	1,834	+67
5	Materialise	1,695	-34
6	Stratasys	1,490	+47
7	ExOne	522	-35
TOTAL		14,457	+213

This week saw very little change, although earlier in the week some companies were lower valued, but recovered during the week. No company’s rank changed.

In total, the major players increased in value by a scant 1.5%. The “winner”, if one were to be declared this week, might have been 3D Systems, which rose by almost five percent. At the other end of the scale was ExOne, which dropped in value by near seven percent.

Other Players

RANK	COMPANY	MARKET CAP (US$)	CHANGE
8	voxeljet	90	+5
9	ARC Group WW	23	+1
10	Aurora Labs	12	-1
11	Tinkerine	3	0
12	Robo	2	0
TBD	Massivit	TBD	TBD
	TOTAL	130	+4

The lesser valued companies tend to have much smaller shifts in their market capitalization because there is far less trading occurring on their stocks. The big money tends to hover around the larger players.

This week saw voxeljet rise by almost six percent, while the others in this category remained almost flat, as they have done for several weeks.

Upcoming Changes

As the year rolls forward, two new companies are expected to appear on the Major Players list: Markforged and VELO3D. Both companies have grown significantly in recent years and will be using a special purpose acquisition company (SPAC) approach for entering the stock market.

We should see them appear later this year, and it’s anyone’s guess to know where they will land. My suspicion is that both will slot in the middle of the chart, somewhere below Desktop Metal and somewhere above Stratasys, at least initially.

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, Formlabs and SLM Solutions.

Perhaps someday some of them will appear on our major players list.