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 | 1,456 | -39 |
| 2 | Protolabs | 938 | +20 |
| 3 | Stratasys | 921 | +24 |
| 4 | 3D Systems | 734 | +73 |
| 5 | Nano Dimension | 719 | +71 |
| 6 | Materialise | 347 | +16 |
| 7 | Desktop Metal | 180 | -14 |
| 8 | Markforged | 133 | +5 |
| 9 | Velo3D | 79 | +9 |
| 10 | Massivit | 43 | +0 |
| 11 | FATHOM | 31 | +3 |
| 12 | Freemelt | 22 | +2 |
| 13 | Steakholder Foods | 18 | +1 |
| 14 | Titomic | 18 | +1 |
| 15 | Shapeways | 13 | +0 |
| 16 | AML3D | 13 | +2 |
| 17 | voxeljet | 10 | +0 |
| 18 | Aurora Labs | 6 | +1 |
| 19 | Sygnis | 5 | +0 |
| 20 | Sigma Additive Solutions | 3 | +0 |
| TOTAL | 5,688 | +176 |
This week saw upside down results: the markets were all down a percent or so, and normally that would trigger a much larger valuation loss among the 3D print companies. However, the opposite occurred this week and the leaderboard total actually rose by a significant 3.2%.
The winner of the week was definitely Velo3D. The metal 3D printer manufacturer has suffered significant volatility in their stock price over the past two years, unjustifiably so in my opinion. They have terrific products and a solid customer base.
Recently the company’s valuation dipped even more near the departure of their founder and CEO. However, in the past week it seems that investors are becoming familiar with the new CEO, who has become far more visible. The result was a huge 13% gain in value this week.
Let’s talk about the three amigos, 3D Systems, Stratasys and Nano Dimension, which have been involved in ongoing takeover talks during the past year.
Stratasys remains far more valuable than the other two, who have both expressed interest in acquiring Stratasys. Nano Dimension gained almost eleven percent this week, but 3D Systems gained more than eleven percent. This leaves 3D Systems barely ahead of Nano Dimension — by only US$15M (two percent).
Top positioned Xometry actually dropped 2.6% this week, which is quite something given that the leaderboard rose by over three percent. It is likely that their current run is plateauing and investors seem to have found the correct valuation.
Desktop Metal suffered a large seven percent loss in value this week. The company did not announce any new financial news of note, however, they did release a new dental material for their Flexcera line. The company’s valuation has been in flux ever since Stratasys shareholders rejected the proposed merger with that company.
Another strong week was posted by Steakholder Foods, the 3D printed meat company. Last week they announced a deal with a major food distributor to take their products to market on a commercial scale, and that drove their valuation up. This week that trend seems to be continuing, as investors catch up with the news.
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.
