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 | 1,364 | -112 |
| 2 | Stratasys | 942 | -22 |
| 3 | Protolabs | 931 | -4 |
| 4 | 3D Systems | 693 | -57 |
| 5 | Nano Dimension | 565 | -20 |
| 6 | Materialise | 357 | -2 |
| 7 | Desktop Metal | 201 | -0 |
| 8 | Markforged | 143 | -1 |
| 9 | Velo3D | 79 | -8 |
| 10 | Massivit | 32 | -0 |
| 11 | FATHOM | 31 | -1 |
| 12 | Titomic | 27 | -3 |
| 13 | Freemelt | 18 | -4 |
| 14 | Steakholder Foods | 15 | +1 |
| 15 | Shapeways | 13 | -0 |
| 16 | AML3D | 13 | -3 |
| 17 | voxeljet | 11 | +0 |
| 18 | Aurora Labs | 6 | +1 |
| 19 | Sygnis | 5 | -0 |
| 20 | Sigma Additive Solutions | 3 | -1 |
| TOTAL | 5,449 | -237 |
This week saw a four percent drop in the leaderboard total, which was quite contrary to the overall markets, which rose a percent or two. In particular, the tech-heavy NASDAQ rose 2.6%, and the 3D print companies tend to exaggerate that movement. However, this week things just all dropped, signaling the rising disconnect between the 3D printing industry and investors.
Leaderboard topper Xometry dropped almost eight percent, most likely due to profit taking after a spectacular rise in the past few weeks that saw the company in the first position.
Stratasys, the company subject to ongoing takeover bids, dropped slightly, but less than the average. This suggests that investors believe there is more to be had due to the takeover bids.
The bidder for Stratasys is Nano Dimension, which fell over three percent this week, more than Stratasys fell. I’m not sure what that’s saying about Nano Dimension and their takeover strategy.
The other prior bidder for Stratasys was 3D Systems, which fell this week a huge eight percent. They’re not bidding this time, but we can see that the gap between them and Stratasys is growing again. As of this writing, Stratasys is 36% larger than 3D Systems.
Velo3D continued its drop after the departure of founder and former CEO Benny Buller. This week the company’s valuation dropped almost ten percent.
Titomic dropped nine percent, and I’ve been waiting for this. The company’s valuation has skyrocketed for unexplained reasons over the past month, and now it seems that someone is selling off the stock at the higher value.
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.
