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 | 1,356 | -99 |
| 2 | Protolabs | 940 | +2 |
| 3 | Stratasys | 874 | -47 |
| 4 | Nano Dimension | 689 | -30 |
| 5 | 3D Systems | 655 | -79 |
| 6 | Materialise | 333 | -14 |
| 7 | Desktop Metal | 172 | -8 |
| 8 | Markforged | 121 | -12 |
| 9 | Velo3D | 66 | -12 |
| 10 | Massivit | 40 | -3 |
| 11 | FATHOM | 29 | -2 |
| 12 | Freemelt | 23 | +1 |
| 13 | Steakholder Foods | 18 | -0 |
| 14 | Titomic | 17 | -1 |
| 15 | AML3D | 12 | -1 |
| 16 | Shapeways | 11 | -2 |
| 17 | voxeljet | 10 | -0 |
| 18 | Sygnis | 5 | -0 |
| 19 | Aurora Labs | 5 | -1 |
| 20 | Sigma Additive Solutions | 3 | +0 |
| TOTAL | 5,378 | -310 |
This week saw absolutely terrible results for the 3D printing companies on the leaderboard. While the markets in general actually rose one and a half percent, the leaderboard dropped a whopping 5.5% in value. That’s quite unusual, as the leaderboard tends to exaggerate the overall market movement. This week, however, was quite the opposite. It seems that the shine is still off 3D print tech companies in the minds of investors.
The only company on the leaderboard that gained this week was Freemelt, likely due to ongoing interest in their shift into production equipment. However, basically all other companies lost value this week.
Aurora Labs lost an astonishing 21% in value this week, but that’s what happens in lower-valued stocks: volatility. Among the larger companies, Velo3D suffered a near 16% loss in value. This is quite surprising, as their new CEO seemed to stimulate investor interest over the past few weeks. Perhaps the recent gains were followed by profit-taking this week.
Shapeways also lost substantial value, dropping nearly 15% this week. This is in spite of a big announcement revealing their addition of CNC machining services. This should broaden the company’s offerings and add many more customers. Good news, in other words. However, it may be they were caught in the overall investor gloom this week.
Finally, we have the three takeover buddies, 3D Systems, Stratasys and Nano Dimension. This week all lost value, but in different amounts.
The big news is that after many months, Nano Dimension is now valued higher than 3D Systems, with a lead of five percent. This has been coming for a long time, but it shows how 3D Systems’ value has fallen. In November 2021, 3D Systems was valued at over US$4B. Now they are 84% lower than that peak valuation.
Meanwhile, Stratasys remains larger than both, some 27% larger than Nano Dimension.
Hopefully things will turn around next week.
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.
