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
3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]
This week saw us return to the good old days, when the leaderboard total actually matched the markets. This week the markets were up 1-3%, and the leaderboard leapt upwards almost three percent. Could this be the bottom for the endless months of downward trajectories?
The winner of the week was definitely Aurora Labs. The Australian manufacturer of a metal 3D printing system jumped up over 35% in value this week. Their valuation has almost tripled in the past six months, as investor interest in the company has grown.
The company has recently been raising capital to continue development of their high capacity metal 3D printer concept, which would be of great interest to certain industries, including mining and military. The fundraising might indicate to investors that the company is moving forward, hence the jump in their stock price.
Titomic also rose over 15% this week, continuing the company’s highly volatile valuation pattern. Once again there are no official news items to provoke the volatility, but at least this week it’s on the positive side of the ledger.
Nano Dimension rose 15% this week as well, but again there is no news other than they’ve set a date to release their quarterly financials. It may be that investors believe there will be good news at this release, and they’re valuing the company accordingly.
The jump from Nano Dimension places the company within US$82M of Stratasys, which currently sits in third place on the leaderboard. As of this writing, Nano Dimension would have to grow by about 14% to overtake Stratasys.
Markforged dipped 16% this week, continuing their downward trend. Their financials, released a week ago, likely didn’t help the situation as their revenue was slightly down year-over-year. That, added to a US$17M lawsuit, likely caused the downturn 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.
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.
