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 | 1,489 | +125 |
| 2 | Protolabs | 931 | +1 |
| 3 | Stratasys | 929 | -13 |
| 4 | 3D Systems | 652 | -40 |
| 5 | Nano Dimension | 562 | -3 |
| 6 | Materialise | 354 | -3 |
| 7 | Desktop Metal | 223 | +21 |
| 8 | Markforged | 168 | +25 |
| 9 | Velo3D | 67 | -12 |
| 10 | Massivit | 32 | -0 |
| 11 | FATHOM | 31 | -0 |
| 12 | Titomic | 24 | -4 |
| 13 | Freemelt | 20 | +1 |
| 14 | AML3D | 13 | +1 |
| 15 | Shapeways | 13 | -1 |
| 16 | Steakholder Foods | 12 | -2 |
| 17 | voxeljet | 11 | -1 |
| 18 | Aurora Labs | 6 | -1 |
| 19 | Sygnis | 5 | +0 |
| 20 | Sigma Additive Solutions | 3 | +0 |
| TOTAL | 5,544 | +95 |
This week saw mixed results, with the leaderboard gaining nearly two percent. However, the shifts were all over the place with some companies gaining significantly, but others losing badly.
At the top of the list, leader Xometry gained a whopping nine percent this week. As usual, there was no official news driving this shift, but it seems there is a growing interest in manufacturing networks that use 3D printing.
I’m wondering if this is the result of soured interest from investors in 3D printer manufacturers. Multiple big players accepted huge investments, only to draw up short in the growth part of the equation. Perhaps the investment money is streaming towards companies that are making money with the technology – the customers?
To that thought, Stratasys fell slightly, while Protolabs, another manufacturing network, grew and overtook Stratasys on the leaderboard to take second position. I believe this is the first time we have two manufacturing networks at the top.
While Stratasys fell slightly, 3D Systems fell much more, losing nearly six percent in value this week. The gap between the two rivals now has Stratasys in the lead by 42%.
Two other companies grew strongly, while two others fell significantly.
The growers were Markforged (+18%) and Desktop Metal (11%). No official news drove these gains, but both have had rather notable losses in recent months. It may be that some investors see their value bottoming out and they’re re-investing in hopes of comebacks.
On the other side of the ledger we have Velo3D (-15%) and Titomic (-14%).
Velo3D continues its fall after the departure of their CEO, which may continue until they identify a new leader and growth strategy.
Titomic’s fall is not a surprise at all, given their massive and mysterious rise over the past month. It’s almost certain this week’s drop is profit taking by those holding the stock from earlier levels.
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.
