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 | Protolabs | 894 | +19 |
| 2 | Xometry | 836 | +38 |
| 3 | Stratasys | 827 | -3 |
| 4 | Nano Dimension | 691 | -38 |
| 5 | 3D Systems | 584 | -23 |
| 6 | Materialise | 292 | -4 |
| 7 | Desktop Metal | 246 | +36 |
| 8 | Markforged | 153 | +3 |
| 9 | Velo3D | 138 | +25 |
| 10 | Massivit | 43 | +1 |
| 11 | FATHOM | 31 | +2 |
| 12 | Titomic | 30 | +3 |
| 13 | Steakholder Foods | 16 | -0 |
| 14 | Shapeways | 12 | +1 |
| 15 | Freemelt | 11 | -2 |
| 16 | AML3D | 11 | +0 |
| 17 | Aurora Labs | 6 | +1 |
| 18 | voxeljet | 6 | +2 |
| 19 | Sygnis | 6 | -0 |
| TOTAL | 4,835 | +62 |
This week was mostly flat, with the leaderboard tweaking upwards just over one percent. That’s not much, but better than the catastrophic losses of recent weeks.
Velo3D rose an amazing 23% this week. This continues a trend that’s been evident with the company for the past several weeks. This may have something to do with the installation of a new CEO — or it could be a continuation of Velo3D’s highly volatile valuation patterns.
Desktop Metal rose 17% this week, with the only official news being an announcement regarding a dental subscription service. It could be that investors are realizing that the dental market has been one of the few profitable areas for 3D print companies, and could be thinking positively about Desktop Metal take several moves in that direction. On the other hand, this could also be part of a slow valuation recovery after last year’s drop due to the failed merger with Stratasys.
Xometry rose five percent, but that’s hardly remarkable considering the humongous drop in value that occurred at the end of February. While five percent sounds healthy, the company is still down substantially from where they were only weeks ago. Nevertheless, the boost pushed Xometry into second place on the leaderboard.
Titomic continued its bizarre valuation movement, this week with a ten percent boost. The company has recently undergone a series of unexplained shifts in their stock price, and supposedly even the company itself does not know why this is happening. It’s still happening.
Near the bottom of the chart lies voxeljet, which recently announced their intention to withdraw from the public markets. The company has been undergoing severe financial challenges, and this move was not entirely unexpected. In future weeks they will most likely disappear from the leaderboard.
What of the three amigos, Nano Dimension, 3D Systems and Stratasys? The companies were involved in a tough corporate battle last year, and the only outcome was a dramatic shift in valuations. This week we see Stratasys still on top, with a lead of about 20% over Nano Dimension. Meanwhile, Nano Dimension is about 18% larger than 3D Systems this 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.
voxeljet is expected to leave our leaderboard as the company announced their intent to delist from the stock market due to financial difficulties.
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.
