Who’s The Biggest In 3D PrintingWhich 3D print company is the biggest this week? [Image by Stefan Keller from Pixabay]
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 commonly known, holds considerable significance.
It might seem unnecessary to keep tabs on these companies on a weekly basis especially considering that their actual value only becomes apparent when stocks are traded. However, companies go through occasional events that impact their value in a positive or negative way and this weekly post keeps a track of such incidents.
It’s important to note that our list does not encompass all major 3D printing companies. Only a handful of these companies are publicly traded, which renders us unable to determine their true size. For instance, EOS. Similarly, corporations like HP or Siemens, own large 3D printing divisions, but as these are just a part of bigger companies, it becomes impossible to determine the exact size of their 3D printing operations.
Let’s not wait longer and dive into analysing the 3D printing companies on this week’s list.
3D Printing Leaderboard
| RANK | COMPANY | CAP | CHG |
| 1 | Xometry | 1,494 | -121 |
| 2 | Protolabs | 917 | -33 |
| 3 | Stratasys | 897 | -27 |
| 4 | 3D Systems | 660 | +19 |
| 5 | Nano Dimension | 648 | +23 |
| 6 | Materialise | 331 | -6 |
| 7 | Desktop Metal | 194 | -7 |
| 8 | Markforged | 128 | -1 |
| 9 | Velo3D | 70 | +4 |
| 10 | Massivit | 43 | +2 |
| 11 | FATHOM | 29 | -1 |
| 12 | Freemelt | 21 | +2 |
| 13 | Titomic | 17 | -2 |
| 14 | Steakholder Foods | 17 | +3 |
| 15 | Shapeways | 13 | -0 |
| 16 | AML3D | 11 | -1 |
| 17 | voxeljet | 10 | +0 |
| 18 | Sygnis | 5 | -0 |
| 19 | Aurora Labs | 5 | +0 |
| 20 | Sigma Additive Solutions | 3 | +0 |
| TOTAL | 5,512 | -145 |
3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]
This week saw was particularly terrible for 3D print companies. The markets were all up this week, sometimes by several percent. However, our
leaderboard total dropped by 2.6%.
This could be due to various circumstances at particular companies, or it may also be a sign of weakening interest in the technology by
investors due to poor performance by key companies.
Despite the recent decline in most companies’ worth, a few stood out this week. Steakholder Foods is among these exceptions as they made a significant agreement to distribute their 3D printed meat products via a major food supplier. This marks the first instance of 3D printed food being part of the regular food production process, leading to a large investor-driven 21% value surge during the week.
Freemelt, a Swedish manufacturer of metal 3D printing systems, also saw gains. It appears that investors are realizing that the company has transitioned from trial systems to production-grade systems, expanding their market opportunities.
Massivit experienced noteworthy gains this week, possibly because they announced that Disney had purchased one of their systems. Massivit’s devices are well suited for creating large-scale display objects, a need that Disney would indeed have. Investors may view this as an opportunity, observing that Disney could likely utilize numerous similar systems.
Velo3D’s worth dipped considerably after the company’s founder left a few weeks ago. Yet it rebounded with almost a seven percent increase this week. The drop seems to have stabilized, and with their new CEO’s heightened visibility, the company may be on the path to growth.
Leading the pack, Xometry experienced the most significant dollar value reduction of 7.5% this week among all companies. Despite demonstrating commendable financial performance, Protolabs, the second in line, also underwent a 3.5% decline, reflecting the recent investor sentiment.
Moving on to the trio – Stratasys, 3D Systems, and Nano Dimension, they have been partaking in intermittent takeover fights over the previous year.
Stratasys continues to exceed the other two by a considerable gap. However, this week witnessed a growth in Nano Dimension’s valuation by 3.6%, while that of 3D Systems grew by a mere 2.9%. Consequently, Nano Dimension is trailing close behind 3D Systems. There were certain instances during this week when Nano Dimension’s valuation momentarily surpassed that of 3D Systems.
Interestingly, it is noteworthy that Nano Dimension possesses a considerable cash reserve that strangely overwhelms their current estimation. The persistent question that confounds me is how a company’s worth can be lower than its bank balance?
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.
Read More: The Dominant Leaders in 3D Printing as of February 11, 2024 - 3D Printing News