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 | Bright Laser | $2,093 | +161 |
| 2 | Farsoon | $1,191 | +60 |
| 3 | Xometry | $956 | -74 |
| 4 | Proto Labs | $672 | -61 |
| 5 | Nano Dimension | $511 | +2 |
| 6 | Stratasys | $500 | -49 |
| 7 | 3D Systems | $386 | -23 |
| 8 | Materialise | $352 | +33 |
| 9 | Desktop Metal | $163 | -2 |
| 10 | Titomic | $138 | +40 |
| 11 | Markforged | $93 | +0 |
| 12 | AML3D | $46 | +4 |
| 13 | BigRep | $26 | -8 |
| 14 | Aurora Labs | $21 | -1 |
| 15 | Massivit | $10 | +3 |
| 16 | Velo3D | $9 | +0 |
| 17 | Steakholder Foods | $8 | -1 |
| 18 | Freemelt | $7 | -2 |
| 19 | Sygnis | $3 | -1 |
| TOTAL | $7,185 | +83 |
This week saw flat or negative results on the Western markets, and the 3D print companies didn’t follow those trends at all. Instead, several companies moved wildly — up and down, while others were flat.
That’s the Western markets; in China the markets are different, and the two Chinese companies at the top of the leaderboard went solidly upwards. These two companies, Bright Laser and Farsoon, continue to represent around 45% of the total value of the leaderboard.
Proto Labs announced a shutdown of their European facilities in a restructuring move. This could indicate issues at the manufacturing service, or it could indicate better days to come due to the restructuring. Either way, investors dropped the company’s valuation by about eight percent. However, rival Xometry also dropped by about the same percentage, so sentiment might be endemic to that business model this week.
Nano Dimension grew half a percent this week, but combined with Stratasys’ loss of nearly nine percent, enabled the company to take a higher place on the leaderboard — and for the first time ever, placed higher than rival Stratasys. This week Nano Dimension is worth US$11M more than Stratasys. This has been a very long road for Nano Dimension, which two years ago was about half the size of Stratasys.
Titomic had a titanic rise in value this week, over 40%. That’s quite significant, and is likely due to their announcement of setting up operations directly in the US. Previously, the metal 3D printer company operated from their home base in Australia. Investors apparently like the idea of Titomic being much closer to a bigger market.
Titomic is now valued at US$138M, which makes them larger than more well-known companies such as BigRep, Markforged and Velo3D. They’re only a few million behind Desktop Metal as well.
BigRep continued its descent after their SPAC entrance to the markets several weeks ago. This week the company’s valuation fell by another 23%, leaving the company’s value at only US$26M. This is notably less than their initial value of US$230M in August.
Upcoming Changes
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.
