The market value or valuation of a 3D printing company reflects investors' views on the company's prospects, and it will also show the industry's development direction to a large extent. I hope this article can give people in the industry a global perspective to understand the trend of 3D printing.
On May 25, 2020, except Hewlett-Packard (the MJF jet fusion 3D printer has been sold all over the world), General Electric (there are Concept Laser laser metal 3D printing, Arcam electron beam metal 3D printing, etc.), Renishaw (the company has RENISHAW laser metal 3D printing), TRUMPF (a subsidiary of additive and subtractive metal 3D printers), Oerlikon (a subsidiary of metal 3D printing powders, manufacturing services), Siemens (a subsidiary of 3D printing manufacturing services, software systems, etc.) and other traditional industries Outside of the giants, among the global 3D printing companies whose 3D printing business accounts for more than 60% of the business, the highest market value turned out to be Materialise from Belgium, with a market value of US $ 1.22 billion. A 3D printing service provider whose main product is 3D printing manufacturing services , 3D printing software business, medical business. The traditional two major 3D printing giants 3D SYSTEMS and STRATASYS have been surpassed!
First place Materialise
Belgian Materialise was listed on the NASDAQ in June 2014. In 2019, its revenue was US $ 220 million and its net profit was US $ 1.84 million. Among them, 3D printing manufacturing business revenue was 105 million, accounting for 47.8%, medical business was 68 million, accounting for 30.9%, and 3D printing software was 46.62 million US dollars. As of May 25, 2020, Beijing time, the market value was $ 1.22 billion.
Second place Stratasys
Stratasys is from the United States and is the world's leading manufacturer of 3D printing manufacturing solutions. It has been listed on the NASDAQ since 1994, with revenue of 636 million USD in 2019 and a net loss of 10.85 million USD. Among them, 3D printing products (including equipment, materials, software, etc.) revenue of 431 million US dollars, 3D printing manufacturing services revenue of 205 million US dollars. As of May 25, 2020, Beijing time, the market value was 980 million US dollars.
3rd place 3D SYSTEMS
3D SYSTEMS is from the United States and is a global leader in 3D printing solutions, including plastics, metals, resins, software, manufacturing services and other entire industrial chains. It was listed on the New York Stock Exchange in 1988. In 2019, its revenue was 629 million US dollars The profit was a loss of $ 69.88 million. Among them, the revenue of 3D printing services is 245 million, accounting for 39%, the revenue of 3D printing equipment products is 216 million, and the revenue of 3D printing materials is 169 million. As of May 25, 2020, Beijing time, the market value was 870 million US dollars.
Fourth place Cellink
Cellink is from Sweden and has risen from a biomaterials startup to a global leader in the biological 3D printing market. It has risen at a lightning speed and released the world's first bioprinter with built-in computer and built-in gas power, January 2018 Listed on the London Stock Exchange. In 2019, revenue was 46.43 million SEK, and net profit was a loss of 5.15 million SEK. However, as of May 25, 2020 Beijing time, the market value was SEK 5.48 billion (USD 570 million). This shows that investors are optimistic about the prospect of biotechnology combined with 3D printing technology.
Fifth BLT
BLT is from Xi'an, China. It is a leading manufacturer of metal 3D printing in China. It was listed on the Science and Technology Board in 2019 and became one of the first listed companies on the Science and Technology Board. Revenue in 2019 was 320 million yuan, of which metal 3D printing manufacturing service revenue was 174 million, accounting for 54%, and 3D printing equipment and accessories revenue was 79.19 million yuan, accounting for 24.6%. As of May 25, 2020, Beijing time, the market value before the opening was about 3.7 billion yuan (about 530 million U.S. dollars).
Sixth place Hangzhou first three-dimensional
Hangzhou, China's 3D scanner and 3D printer manufacturer, first came to Sanwei. In 2014, it was listed on the New Third Board for market transfer. With revenue of 455 million yuan, 3D scanners and metal 3D printers grew strongly. After encountering problems with the IPO of the Science and Technology Innovation Board, major strategic adjustments were made first, resulting in a loss of 100 million yuan after deductions! The first three-dimensional business system is huge and the product line is diverse. Self-developed equipment is mainly divided into two product lines: 3D scanners and 3D printers. 3D scanners mainly include 3D visual inspection systems, professional-grade 3D scanners, etc .; 3D printers mainly include metal 3D printers, non-metal 3D printers, etc. As of May 25, 2020, Beijing time, the market value was 1.72 billion yuan (about 240 million US dollars),
7th SLM solutions
Germany's SLM solutions, one of the world's leading metal 3D printing manufacturers, had revenues of 49 million euros in fiscal year 2019 (different from the beginning and end of 2019), and 71.7 million euros in the same period in 2018, a decrease of 31.7%. SLM Solutions' revenue is divided into two parts, machinery and equipment business and after-sales service business. The machine business includes SLM's selective laser 3D printers and accessory equipment, while the after-sales business includes revenue from services, parts, powders, machine training and installation. As of May 25, 2020, Beijing time, the market value was 160 million US dollars,
Eighth Exone
Sand Extrusion (Nasdaq: XONE), a manufacturer of sand and metal 3D printers for adhesive jet technology, has been listed on NASDAQ since February 2013. In 2019, revenue was 53.28 million US dollars, machine sales revenue was 27.23 million, printing manufacturing services, materials and other services revenue was 26.04 million, and net profit was a loss of 15.1 million US dollars. As of May 25, 2020, Beijing time, the market value was 130 million US dollars,
Ninth Organovo
Organovo Holdings Inc is a US biotechnology company that has been listed on NASDAQ since 2012. In 2019, revenue was 300,000 US dollars, with a loss of 3.37 million US dollars. Dedicated to 3D printing design and manufacturing of functional and three-dimensional human tissue for medical research and therapeutic applications. It has also developed and commercialized NovoGen Bioprinter, a platform technology for generating three-dimensional human tissue, which can be used for drug discovery and development, biological research, and as a therapeutic implant for treating damaged or degenerated tissues and organs; Working with pharmaceutical and academic partners to develop human biological disease models; 3D bioprinting technology uses living cells and biocompatible hydrogels to create tissues. As of May 25, 2020, Beijing time, the market value is 100 million US dollars.
Tenth Nano Dimension
Nano Dimension comes from Israel and has been listed on NASDAQ since July 2015. Revenue in 2019 was US $ 7.07 million, but the net loss was US $ 8.353 million. Simultaneous additive manufacturing of multiple materials is a revolutionary method that can help redefine the attributes of future electronic products, including density, size, and flexibility. There are at least two print heads, one for nano silver conductive ink and the other for dielectric polymer ink. At present, 3D printing of multi-layer PCB circuits (even up to 10 layers) has been realized, and the focus of 3D printing circuit technology has been shifted to multi-variety and small-batch 3D additive printing electronic circuits, such as sensors, antennas, RF amplifiers, and capacitors. As of May 25, 2020, Beijing time, the market value was 80 million US dollars.
Eleventh Voxeljet
German sand mold 3D printing company Voxeljet was listed on the New York Stock Exchange in October 2013, with revenue of 24.6 million euros in 2019 and a net loss of 14 million euros. A manufacturer of high-speed sintering (HSS) and adhesive jet 3D printers. The company also uses these technologies to provide manufacturing services in Germany, the United States, the United Kingdom, China and India. In terms of revenue, these two capabilities are reported under "System" and "Service", respectively. In addition to the sale of 3D printers, the system department also includes recurring revenue from sales of consumables, maintenance contracts, upgrades, and other after-sales activities; the service segment is mainly the revenue generated by printing parts on demand for customers. As of May 25, 2020, Beijing time, the market value is 30 million US dollars.
In fact, there are a group of companies that have done very well in 3D printing globally, but accounted for less than 50% of the company's revenue. E.g:
• General Electric (GE) of the United States, a global leader in industrial manufacturing, has revenues of US $ 95 billion and net profit of US $ 423 million in 2019. Its two major metal 3D printing brands, Concept Laser and Arcam, are one of the leading manufacturers of laser and electron beam metal 3D printing. Their annual revenue totals hundreds of millions of dollars, but accounts for nearly 100 billion dollars. Without disclosure. GE has a market value of US $ 56 billion as of May 26, 2020 Beijing time.
• US Hewlett-Packard HP, the world's leading manufacturer of computer systems and printing presses, has revenue of US $ 58.3 billion and net profit of US $ 3.15 billion in 2019. Its multi-jet fusion (MultiJet Fusion) technology 3D printer, because it can quickly produce high-performance parts by inkjet printing, supports nylon powder materials or even metal powder materials, aims to reach trillion-level manufacturing market. The sales volume of its 3D printers already accounts for a considerable share of global industrial-grade 3D printers. But again, the revenue, which accounts for nearly 60 billion yuan, is too small to be disclosed. HP has a market value of US $ 24.3 billion as of May 26, 2020 Beijing time.
• Proto Labs, a 3D printing and manufacturing service provider in the United States, has revenue of US $ 450 million in 2019 and a net profit of US $ 63 million. Among them, the 3D printing business has reached 61.35 million US dollars, accounting for only 13%. As of May 26, 2020, Beijing time, the market value was 3.3 billion US dollars.
• Prodways, a French industrial-grade 3D printing company, has revenue of 71.3 million euros in 2019, and 3D printing business accounts for about 30%. As of May 25, 2020, the market value of US $ 230 million.
• Carpenter, a leading U.S. specialty metal and alloy manufacturer, reported revenue of $ 2.4 billion in 2019. Metal 3D printing powder sales account for only a small part of them, but they are important in the 3D printing industry. As of May 25, 2020, Beijing time, the market value is 1 billion US dollars.
• Royal Dutch DSM Group DSM is one of the world's leading chemical manufacturers, with annual revenue of about 10 billion euros. In the 3D printing market, DSM, through its Somos resin business, has established its main competitiveness in the field of additive manufacturing in the fields of stereolithography (SLA) and digital light processing (DLP), and established a dedicated business unit: Di Sman Additive Manufacturing. By integrating all additive manufacturing activities outside of SLA and DLP, DSM will provide fuse manufacturing (FFF) and years of research experience in selective laser sintering (SLS), multi-jet fusion, and binder injection processes And solutions and products. Similarly, due to the small proportion of business volume, 3D printing business data was not disclosed. As of May 26, 2020, Beijing time, the market value was 20.3 billion euros.
• BASF, Germany, a global chemical giant, has revenues of US $ 66.4 billion and net profit of US $ 2.8 billion in 2019. In 2019, it established the brand-new 3D printing business brand Forward AM, which is committed to providing end-to-end materials and service solutions covering the entire value chain through advanced materials, system solutions, components and services in the field of 3D printing. In today's industrial 3D printing The market has the broadest material portfolio, including powder materials, advanced plastic wires and wires, and the latest photopolymers. Similarly, due to the small proportion of business volume, 3D printing business data was not disclosed. As of May 26, 2020, Beijing time, the market value was 45.4 billion US dollars.
• Evonik, a German specialty chemicals company, has revenues of 13.1 billion euros and a net profit of 770 million euros in 2019. The development of adhesive solutions specifically for 3D printing applications, the introduction of light-cured 3D printing resin materials, high-performance 3D printing wires, etc., have an important position in the industrial application of 3D printing materials. Similarly, due to the small proportion of business volume, 3D printing business data was not disclosed. As of May 26, 2020, Beijing time, the market value was 10.2 billion euros.
• Covestro, the world's leading producer of advanced polymers and high-performance plastics, has revenues of 12.4 billion euros in 2019 and a net profit of 560 million euros. They are optimistic about the direction of 3D printing and have developed a variety of wire, powder and liquid resins that are suitable for mainstream 3D printing technologies. Commercialization and mass production of 3D printing, and development of industrial application of 3D printing technology. Similarly, due to the small proportion of business volume, 3D printing business data was not disclosed. As of May 26, 2020, Beijing time, the market value was 5.7 billion euros.
• China Zhuhai Senna Group, whose business covers laser printing, general printing consumables and 3D printing, is one of the largest 2D printer and consumable manufacturers in China. Annual revenue exceeds 25 billion yuan. It masters the independent core technology of direct injection color multi-material 3D printing, and is currently the only color injection 3D printing manufacturer in China. As of May 26, 2020 Beijing time, the market value of its Ninestar alone reached 30 billion yuan.
Remarks:
There are also a number of good 3D printing companies that are not yet listed, such as German EOS, American Carbon3d, American Desktop Metal, American Markforge, American Formlabs, Hunan Huashu Hi-Tech, China Beijing Qingfeng Technology, China Shanghai Liantai Technology, China Shenzhen Imagine 3D, Beijing Xinjinghe, etc. of China only have valuations, which are not included in the statistics.