Which 3D print company is the biggest this week?
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 to 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 | 817 | -13 |
| 2 | Xometry | 781 | -63 |
| 3 | Stratasys | 699 | -5 |
| 4 | Nano Dimension | 529 | -49 |
| TOTAL | 4,250 | -186 |
3D printing valuation leaderboard (in US$M) [Source: Fabbaloo]
This week saw pretty horrible results in the markets in general, with exchanges dropping 3-6%. Fortunately, the leaderboard fell only four percent today, as it typically exaggerates larger patterns. Most of the drops in value this week are simply due to following market trends.
At the top of the leaderboard, Xometry happened to drop just enough to fall out of first place, leaving Protolabs to take the top spot. Protolabs also lost value this week, just not as much as Xometry.
Titomic encountered a significant decrease in its value, with an approximated drop of 23%. This might be seen as harsh but it is a common happening in the world of small cap stocks. The spike in the company’s value was due to a recent announcement of a significant sale to the military, however, once profit-taking initiated, the value depreciated back to its former state.
The stocks for Desktop Metal took a hit this week with a decrease of 12%, which is likely a result of peeling off from its recent peak. The company suffered a decrease in value following the unsuccessful merger with Stratasys, but was able to recover after making additional investments in the dental industry. Nevertheless, after reaching a peak, the company’s value dropped back to a more stable level this week.
Velo3D’s stocks continued its downward trajectory with another 11% decrease this week, a trend which kicked off with the announcement of a US$12M public offering.
The top three 3D printer manufacturing companies, Stratasys, Nano Dimension and 3D Systems, held their positions from third to fifth on the overall leaderboard this week. Stratasys maintained a stable position this week, which is notable given the market turmoil experienced by other companies. 3D Systems experienced a slight decrease of 4%, which lines up with the general market trend this week.
Nano Dimension experienced almost an 8.5% decrease in their value this week. This downfall is a part of a trend that has been observed since their “Reshaping Nano” initiative in early April, intended to reduce cash burn. This initiative doesn’t seem to have attracted positive investor sentiment. Investors seem to be more focused on the fact that there is a need for reducing cash burn in the first place.
This week, the gap between Stratasys and Nano Dimension increased to US$170M in favour of Stratasys, while 3D Systems shrunk their gap with Nano Dimension to just US$55M.
Anticipated Changes
BigRep has made an announcement revealing plans of going public through the SPAC approach. Therefore, we will most likely see them on the leaderboard in the near future.
One company I’ve got my eyes on is ICON, based out of Texas and known for their 3D construction printers. This is a privately-owned company that’s raised close to half a billion in funds. It would be logical to assume they might consider transitioning into the public market, which could land them at the top of the leaderboard.
Another company that might be preparing to enter the public market is VulcanForms. They’re a manufacturing service that uses advanced metal 3D printing methods. They’re currently privately valued at over US$1B, and going public could increase that value even further.
If you know of any other publicly-traded 3D print companies that should be on our leaderboard, please let us know!
Others In The Industry
Although public companies often dominate the headlines, we must not overlook numerous privately-owned firms that don’t trade on any stock exchange. These businesses probably hold considerable worth. However, their exact value at any given moment remains elusive due to their private nature. Well-known ones among this category include EOS, Carbon, and Formlabs.
Maybe one day, some of these organizations will make their way onto our list of major players.
Related Companies
Finally, many companies are heavily involved in the 3D printing sector. However, these activities constitute only a minor part of their overall operations. Hence, it isn’t appropriate to include them in the above lists, as their actual involvement in 3D printing remains unidentified.
Read More: Top Leader in 3D Printing Sector: Analyzing the Giants as of April 2024 - 3D Printing News