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Stocks related to 3d printing


Top 3D Printing Stocks for Q4 2022

Table of Contents

Table of Contents

  • Best Value 3D Printing Stocks

  • Fastest Growing 3D Printing Stocks

  • 3D Printing Stocks With the Best Performance

SSYS is top for value and performance and NNDM is top for growth

By

Noah Bolton

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Noah has about a year of freelance writing experience. He's worked on his investing website dealing with topics such as the stock market and financial advice for beginners.

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Updated October 06, 2022

The 3D printing industry is made up of companies that provide products and services capable of manufacturing a range of products. 3D printing, also known as additive manufacturing, creates physical objects from digital designs. The printing process works by laying down thin layers of material in the form of liquid or powdered plastic, metal, or cement, and then fusing the layers together. Though still too slow for mass production, it is a revolutionary technology that has the potential to disrupt the manufacturing logistics and inventory management industries. The 3D printing industry is comprised of only a handful of companies, including players such as Proto Labs Inc., Faro Technologies Inc., and Desktop Metal Inc.

The industry is so young that it has no meaningful benchmark index. But the performance of these stocks can be compared to the broader market as represented by the Russell 1000 Index. These stocks have not performed well. Stratasys Ltd. (SSYS), the best performing 3D printing stock, has dramatically underperformed the Russell 1000, which has provided a total return of -12.5% over the past 12 months. This market performance number and all statistics in the tables below are as of Sept. 20, 2022.

Here are the top three 3D printing stocks with the best value, fastest sales growth, and the best performance.

These are the 3D printing stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies in early stages of development or industries suffering from major shocks, this metric can be substituted as a rough measure of a business's value. A business with higher sales could eventually produce more profit when it achieves (or returns to) profitability. The price-to-sales ratio shows how much you're paying for the stock for each dollar of sales generated.

Best Value 3D Printing Stocks
  Price ($) Market Cap ($B) 12-Month Trailing P/S Ratio
Stratasys Ltd. (SSYS) 15.49 1.0 1.6
3D Systems Corp. (DDD) 9.00 1.2 2.0
Proto Labs Inc. (PRLB) 37.49 1.0 2.1

Source: YCharts

  • Stratasys Ltd.: Stratasys offers 3D printing solutions, such as 3D printers, polymer materials, a software ecosystem, and related parts. It serves a variety of industries, including aerospace, automotive, consumer products, and healthcare. On Sept. 13, Stratasys completed the merger of its MakerBot subsidiary with Ultimaker, which offers platforms used to make 3-D printers. Ultimaker is backed by NPM Capital. The merged company will keep the Ultimaker name and focus on providing solutions, hardware, software and materials to the industry. NPM Capital will have majority ownership of the new company at 53.5%, and Stratasys will own 46.5%.
  • 3D Systems Corp.: 3D Systems provides 3D printing solutions. The company offers a range of hardware, software, and materials designed for additive manufacturing. Its products and services are used in a variety of industries and sectors, including aerospace, automotive, semiconductor, healthcare, and more.
  • Proto Labs Inc.: Proto Labs is an e-commerce-based company that provides digital manufacturing services. It offers 3D printing, injection molding, CNC machining, and sheet metal fabrication. On Aug. 5, Proto Labs announced financial results for Q2 2022, the three-month period ending on June 30, 2022. Net income fell more than 80% to $2.6 million from the prior-year quarter while revenue rose 3.1%.

These are the 3D printing stocks with the highest YOY sales growth for the most recent quarter. Rising sales can help investors identify companies that are able to grow revenue organically or through other means and find growing companies that have not yet reached profitability. In addition, accounting factors that may not reflect the overall strength of the business can significantly influence earnings per share. However, sales growth can also be potentially misleading about the strength of a business, because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability.

Fastest Growing 3D Printing Stocks
  Price ($) Market Cap ($B) Revenue Growth (%)
Nano Dimension Ltd. (NNDM) 2.45 0.6 1,270
Desktop Metal Inc. (DM) 3.07 1.0 203.9
Stratasys Ltd. (SSYS) 15.49 1.0 13.3

Source: YCharts

  • Nano Dimension Ltd.: Nano Dimension is an Israel-based 3D printing company focused on developing equipment and software for 3D-printed electronics. It develops printers for multilayer printed circuit boards and nanotechnology-based inks. The company serves a range of industries, including consumer electronics, healthcare, aerospace, and automotive. On Sept. 1, Nano Dimension released Q2 2022 results. The company's net loss widened sharply to $40.0 million from a loss of $13.6 million in the same quarter a year earlier even as revenue soared more than 13-fold. The larger second-quarter loss was fueled partly by $10.9 million in non-cash adjustments for depreciation and amortization expenses, and share-based payments.
  • Desktop Metal Inc.: Desktop Metal manufactures 3D printers and related equipment used to build complex parts from metal. It also offers 3D printing software. The company serves a range of industries, including automotive, consumer products, education, and heavy industry. On Aug. 08, the company reported Q2 2022 results. Desktop Metals' net loss increase nearly seven-fold to $297.3 million compared to the same quarter a year earlier even as revenue tripled.
  • Stratasys Ltd.: See above for company description.

These are the 3D printing stocks that had the smallest declines in total return over the past 12 months out of the companies we looked at.

3D Printing Stocks With the Best Performance
  Price ($) Market Cap ($B) 12-Month Trailing Total Return (%)
Stratasys Ltd. (SSYS) 15.49 1.0 -34.5
Proto Labs Inc. (PRLB) 37.49 1.0 -50.6
Materialise NV (MTLS) 10.95 0.6 -53.9
Russell 1000 N/A N/A -12.5

Source: YCharts

  • Stratasys Ltd.: See above for company description.
  • Proto Labs Inc.: See above for company description.
  • Materialise NV: Materialise is a Belgium-based provider of additive manufacturing software and 3D printing services. It serves a range of industries, including healthcare, aerospace, and automotive. On Sept. 7, Materialise completed its acquisition of Identity3D, which makes products that encrypt, distribute, and track digital parts as they move through supply-chains. The value of the deal was not specified in the announcement.

The comments, opinions, and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Though we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described in our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.

Article Sources

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. YCharts. "Financial Data. "

  2. Stratasys Ltd. "Stratasys Completes Merger of MakerBot with Ultimaker."

  3. Proto Labs Inc. "Proto Labs Q2 2022 Earnings Release."

  4. Nano Dimension Ltd. "Earnings Press Release for Q2 2022."

  5. Desktop Metals Inc. " Desktop Metals Second Quarter 2022 Earnings."

  6. Materialise NV. "Materialise Acquires Indenity3D."

5 3D Printing Stocks to Consider in 2022

Back in the early 2010s, stocks were booming for 3D printing -- also known as additive manufacturing, a computer-controlled process in which three-dimensional objects are made. But the boom was followed by a bust as many pure-play 3D printing companies didn't immediately deliver on lofty expectations.

Rumors of the manufacturing technology's demise are clearly premature. These days, 3D printing is a high-growth niche that is steadily reshaping the manufacturing and industrial sectors. Some estimates point to a doubling in annual revenue from additive manufacturing between 2022 and 2026. Even growth investor Cathie Wood has launched a fund focused on manufacturing tech, The 3D Printing ETF (NYSEMKT:PRNT), via her company ARK Invest.

Here's what you need to know about 3D printing and additive manufacturing stocks for 2022:

Image source: Getty Images.

Investing in 3D printing stocks

The manufacturing of products in all corners of the economy is being revolutionized by 3D printing, from healthcare equipment to metal fabrication to housing construction. It's invading so many sectors that tech giants such as Microsoft (NASDAQ:MSFT), Autodesk (NASDAQ:ADSK), and HP (NYSE:HPQ) have launched products aimed at 3D printing and additive manufacturing. Other engineering and software outfits such as Dassault Systemes (OTC:DASTY), ANSYS (NASDAQ:ANSS), and Trimble (NASDAQ:TRMB) have also gotten involved in 3D printing technology.   

Here are five key players to consider for 2022 that are a more focused bet on 3D printing:

Data source: YCharts. Market cap as of April 19, 2022.  
Company Market Cap Description
Desktop Metal (NYSE:DM) $1.3 billion Recent IPO that focuses on metal fabrication technology.
Stratasys (NASDAQ:SSYS) $1.5 billion One of the original 3D printing pioneers, with a wide array of printers and supporting design software.
Xometry (NASDAQ:XMTR) $1.9 billion A manufacturing marketplace, including access to on-demand 3D printing services.
3D Systems (NYSE:DDD) $1.9 billion Another original 3D printing pioneer and the largest pure-play stock on 3D printing technology.
PTC (NASDAQ:PTC) $11.7 billion A manufacturing technology provider with a suite of software and related services for industrial businesses.

1.

Desktop Metal

This company is a recent entry into the 3D printing space after going public via a SPAC at the end of 2020. The stock has been a terrible market underperformer since then, losing three-quarters of its value as of spring 2022. However, Desktop Metal could still be a promising investment for the long term.

As its name implies, Desktop Metal develops 3D printing hardware and accompanying design software for metal and carbon fiber parts. The company's smaller systems can handle prototyping and one-off parts, and larger printers are production grade-designed for manufacturing facilities. Desktop Metal serves companies operating in automotive, consumer goods, and heavy industrial equipment businesses.  

Despite a tenuous start as a public company, Desktop Metal was actually increasing revenue at a torrid triple-digit pace in 2021. Gross profit margins are thin, and the company generated a steep net loss, but that should improve over time as the business scales its operation. Desktop Metal also has several hundred million dollars in cash and investments to fund its expansion. It used some of these funds to acquire additive manufacturing peer ExOne at the end of 2021.  

2. Stratasys

Stratasys was part of the early 2010s 3D printing stock boom and bust, but its business has endured. Sales took a dip early in the COVID-19 pandemic but are rebounding as the Israel-based company picks up new manufacturing contracts.

Stratasys serves a diverse set of customers, including aerospace and automotive parts manufacturers, medical and dental companies, and makers of basic consumer products. In addition to a wide array of 3D printer models, Stratasys develops software to help users accelerate the time between design and final printing.  

It isn't the highest-growth name on this list, but Stratasys is profitable (on a free cash flow basis) and has more than $500 million in cash and investments on its balance sheet, as well as no debt. Management thinks its payoff from years of research and development into additive manufacturing will accelerate in 2022.

3. Xometry

This is another newcomer to public markets. Xometry completed its initial public offering (IPO) over the summer of 2021, raising almost $350 million in cash in the process. As is often the case with new IPOs, the stock has underperformed since then. It has lost over half of its value from the time it started trading on public markets, but the business itself is rapidly growing.

Xometry is a marketplace for on-demand manufacturing of prototyping and mass production. It has a network of more than 5,000 suppliers that companies can call on to meet their fabrication needs. Among the suppliers on the Xometry platform are 3D printing companies, injection molding, and automated machining. The company reported having more than 28,000 active buyers utilizing its platform at the end of 2021.

Although it isn't profitable yet, Xometry's unique approach to the 3D printing and additive manufacturing industry is growing fast. Like other names on this list, it has a sizable war chest of cash and short-term investments that it can spend on research and marketing as it tries to attract more suppliers and buyers to its marketplace.  

4. 3D Systems

3D Systems was another early player in the 3D printing industry, and while it suffered through the boom-and-bust period of the early 2010s, its business has held steady for much of the past decade. After a brief dip during the early days of the pandemic, 3D Systems is back in growth mode.  

The company develops printers and design software for all sorts of materials and industries (medical device makers, dental labs, semiconductor designers, aerospace, and automotive manufacturers). It claims leadership among independent 3D printing companies (as measured by sales). As the 3D printing industry expands in the coming years, 3D Systems thinks it will be able to attract lots of new business with its extensive experience and global reach.

As an established tech outfit in the manufacturing sector, 3D Systems offers investors the prospect of more stable growth, along with profitability. It also has a large net cash position from which it can consolidate its lead in 3D printers and software technology.

5. PTC

By far the largest company on this list, PTC is a longtime technology partner of manufacturing and industrial enterprises. Fast approaching $2 billion in annualized sales and highly profitable, PTC has all the tools needed to digitally transform industrial businesses.

Besides 3D printing computer-aided design software (ANSYS is a peer and software partner that also operates in this space), PTC specializes in augmented reality, industrial IoT (Internet of Things), and product life-cycle management software. Most of its revenue is subscription-based (including its Creo software that enables 3D printing), making for a stable and steadily growing business model that generates ample cash flow. PTC puts spare cash to work developing new products for its partners and makes bolt-on acquisitions of other software companies that enhance its overall portfolio.  

As a larger company, PTC won't be the fastest-growing stock in the additive manufacturing and 3D printing space. However, the company has established itself as a leader in industrial technology and should be a primary beneficiary as the production of manufactured goods gets more efficient.

The future of 3D printing

Manufacturing technology is making inroads throughout the global economy by reducing the cost of production and localizing and speeding up the time it takes to deliver customer orders. This is far from mere hype. Nevertheless, as is the case with all technology investments, progress won't go straight up. Expect twists and turns in these stocks as they develop new methods to design and make products.

If you decide to invest, do so in a measured way. Maintain a diversified portfolio, be wary of stocks benefiting from investor over-optimism, and always leave spare cash to invest more when there are inevitable dips. Given enough time -- years and decades -- investing in 3D printing could eventually provide a big payoff.

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Nicholas Rossolillo has positions in Autodesk and PTC. The Motley Fool has positions in and recommends Autodesk, HP, and Microsoft. The Motley Fool recommends 3D Systems, ANSYS, Dassault Systemes, PTC, and Trimble Inc. The Motley Fool has a disclosure policy.

Largest listed companies in the 3D printing sector

3D printing dates back to the late 1980s. At the end of 2018, the size of the 3D printing market, according to various estimates, reached from $9 trillion to $10 trillion. Calculations were made based on the cost of producing printers, components and 3D printing.

In the coming years, expert agencies (IMARC, Inkwood Reasearch, Marketwatch, etc.) predict a steady growth of at least 20% per year. In this scenario, by the end of 2025, the scale of the entire 3D printing segment will reach at least $ 32 trillion - 3.5 times higher than the current values.

The outlook for the sector makes it attractive to investors. Consider the largest and most stable companies in this segment, whose shares can be considered for purchase and take their rightful place in your portfolio.

1. HP Inc Capitalization: $29.3 billion

HP manufactures computers, printers, tablets and a number of other devices. The release of 3D printers is not the main specialization of the company, but HP occupies one of the leading positions in the 3D printing segment. In 2014, the company developed the Multi Jet Fusion technology, which allowed to increase productivity and reduce the cost of professional (industrial) 3D printers. The technology has been successfully applied in mass production of printers since 2016.

In 2017, HP opens the world's first 3D lab, equipped with printers in various build states and essential tools for device experimentation. The company has opened up the first opportunities to test new materials in 3D printers to increase efficiency.

In 2018, HP will open a joint manufacturing center with China's Guangdong in Guangdong, China, which is the largest such 3D printing project in Asia Pacific and Japan. The facility is equipped with ten high-tech next-generation HP Metal Jet printers to produce parts and prototypes for industrial customers.

2. Proto L abs (NYSE: PRLB). Capitalization: $2.56 billion

The company was founded in 1999 and has more than 10 production sites in seven countries. The head office is located in Minnesota. The company specializes in the production of parts for other manufacturing companies. The corporation positions itself as the fastest in the world in the production of custom prototypes and finished parts for industrial customers. In 2014, Proto Labs launched 3D printed parts.

In addition to 3D printing, the company produces CNC (Computer Numerical Control) parts, injection molding and sheet metal parts. In 2015, Proto Labs bought Alphaform (specializing in innovative 3D printing) with divisions in Germany, Finland and the UK. This allowed the company to expand its 3D printing business in Europe. To diversify its business and introduce sheet metal manufacturing, the company acquired Rapid Manufacturing in 2017 for $120 million. 9 Systems ( NYSE: DDD). Capitalization: $1.01 billion

3D Systems was founded by inventor Chuck Hull in 1986 as the world's first 3D printing company. It produces 3D printers and components, including software, and also designs them. The company provides services at various stages of design, development and production of products for many large industries, including aerospace, automotive, medical, entertainment and other areas. It should be noted that the corporation also works with retail consumers. Business diversification within the 3D segment makes the company financially stable.

3D Systems is headquartered in Rock Hill, South Carolina, USA. The number of employees of the company exceeds 2600 (as of the end of 2018), which is twice as high as five years ago.

4. Stratasys ( NASDAQ: SSYS). Capitalization: $0.98 billion

The company was founded in 1989 by Scott Crump. The technology was based on the idea of ​​creating the shape of a figure by layering after Scott decided in 1988 to make a toy for his daughter using a gun filled with glue. At 1992 Stratasys released its first 3D Modeler product.

Today, Stratasys manufactures industrial and desktop 3D printers and related accessories. The range of services includes installation, maintenance and training in working with printers. The company serves various industries by developing technologies for the production of prototypes and parts. The first public offering of Stratasys shares took place in 1994 at $5 per share and a total volume of $5.7 million. The head office is located in Minnesota.

5. Materialize Capitalization: $0.88 billion

Incorporated in 1990 in Leuven, Belgium, Materialise specializes in 3D printing services and 3D printer software. Like other leaders in this sector, Materialize works with various major manufacturers around the world (Adidas, HP), but a significant share of the business is in cooperation with medical centers and institutions. The company's portfolio includes more than 150 medical patents. Materialize offices are located in 18 countries, including one office located in the CIS in Ukraine.

Issuer Comparison

The most valuable company among the leaders is HP, which is due to the scale and diversification of the company's business in the entire technology segment. 3D Systems, Stratasys and Materialize specialize exclusively in the 3D printing segment, while their capitalization is on the same level. Proto Labs has three businesses besides 3D printing and is in the middle of our list in terms of capitalization.


The most undervalued company in terms of EV/EBITDA is HP, but it is not correct to compare it with other issuers by this multiplier due to the differentiation of the company's products and services. 3D Systems has the highest EV/EBITDA, and from this point of view, the paper is not so attractive to buy. Moreover, over the past four years, 3D Systems shares have been in a stable sideways trend without technical prerequisites for growth.

The remaining three companies, in our opinion, may be of interest. At the same time, if your long-term goal is to get the maximum increase from the growth of the 3D printing sector, then investing in HP shares is less preferable compared to other securities. After all, the reaction of the shares of companies with a direct specialization is more sensitive to changes in the sector. Below are the consensus forecasts of investment houses according to Reuters, according to which Stratasys (14.9%) and Materialize (13.6%) shares have the greatest potential now.

HP Inc (NYSE: HPQ): $20.5 (+3.4%)
Proto Labs (NYSE: PRLB): $98.7 (+3.0%)
3D Systems (NYSE: DDD): $8 .6 (+0.6%)
Stratasys (NASDAQ: SSYS): $20.8 (+14.9%)
Materialize (NASDAQ: MLTS): $19. 2 (+13.6%)

OPEN ACCOUNT

BCS Broker

0002 Today we have a very speculative idea: to take shares in the manufacturer of 3D printers 3D Systems (NYSE: DDD) in order to capitalize on the expected growth in demand in this area.

Growth potential and duration: 20.5% for 14 months; 54% in 4 years; 11% per year for 15 years.

Why stocks might rise: 3D printing has a great future.

How we act: we take shares now at $32.34.

When creating the material, sources were used that are inaccessible to users from the Russian Federation. We hope you know what to do.

Our thoughts are based on the analysis of the company's business and the personal experience of our investors, but remember: it is not a fact that an investment idea will work as we expect. Everything we write is forecasts and hypotheses, not a call to action. Rely on our thoughts or not - it's up to you.

And what about the author's forecasts

Research, such as this and this, suggests that the accuracy of target price predictions is low. And this is normal: there are always too many surprises on the stock exchange and accurate forecasts are rarely realized. If the situation were reversed, then funds based on computer algorithms would show results better than people, but alas, they work worse.

So we don't try to build complex models. The profit forecast in the article is the author's expectations. We indicate this forecast for reference: as with the investment idea as a whole, readers decide for themselves whether to trust the author and focus on the forecast or not.

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How the company earns

DDD makes 3D printers and provides services in this area. You can see what the company's printers look like on its website, but for the most part, these are printers for the corporate sector.

According to the annual report, the company's revenue is divided into the following segments.

Goods - 61.2%. A variety of printers: for plastic, for metal, for ceramics, and so on. Specialized software for scanning, design and virtual simulations for the medical sector. The segment's gross margin is 31.6% of its revenue.

Services - 38.8%. Technical support and training services for the company's clients. Production services for the company's customers - from prototyping to more complex projects. Specialized services for the medical sector: surgical planning, printing devices and instruments, building anatomical models, and more. The segment's gross margin is 52.7% of its revenue.

The report lacks detail: it would be useful to know what types of printers the company has - ceramic or metal, how much revenue they generate and what is the structure of revenue by type of customer. We know that the company serves clients from almost every possible industry: everyone always needs to print something large.

Company revenue by country and region:

  1. The Americas - 50.25%. The US accounts for 49.47% of the company's total revenue.
  2. Europe, Middle East and Africa - 38.34%.
  3. Asia Pacific - 11.41%.

The company is unprofitable.

Revenue and profit for the last 12 months in billions of dollars, total margin as a percentage of revenue. Source: Macrotrends

Arguments in favor of the company

Dropped. The company's shares have fallen in price by 41.57% since February of this year: from $55.35 to $32.34. The fall was quite strong and perhaps we can pick up stocks in anticipation of a rebound.

Something about a fast growing market. DDD's target market for 3D printing and related solutions and products is expected to increase from $15 billion in 2021 to $37.2 billion in 2026. More recently, DDD bought Volumetric Biotechnologies, a biomaterial printing company, perhaps from this, those who believe that soon the missing organs for transplantation can be mass-produced on printers will run into the DDD shares.

The company has not the largest capitalization - 4.05 billion dollars. It is possible that its shares will be easy to pump for retail investors because they read somewhere that "the sector is very promising."

Prose of the market. In general, the company has something to hope for without speculation. In the Proto Labs idea, we have already discussed the good prospects for companies related to R&D and small-scale production due to the expected increase in corporate sector investment around the world in the renewal of fixed assets. And 3D printing is needed primarily for creating prototypes and a small number of parts.

DDD could also benefit from Biden's infrastructure package, which is about to become a reality. This will stimulate the industry and contribute to the demand for DDD solutions: it will increase the wear and tear of the equipment of manufacturing companies and increase their need to invest in the business.

Life has become better. In the latest report, DDD showed progress: the loss ratio of its business is declining - and profit may not be far off. This can attract investors from among banks and funds into shares.

Can buy. DDD has 35 years of additive manufacturing experience with solutions for all industries, from dentistry and surgery to jewelry and high-tech manufacturing. Given all of the above, it may well be bought by some large industrial conglomerate.

What can get in the way

Expensive. The company has a P/S of about 6.55, which is not very low. And if we take into account the unprofitability of the company and the fact that its revenue has not been growing particularly actively in recent years, you can even decide that the company is expensive.

Unprofitable. The company has been on the market for a long time, but it has no profit. Loss will contribute to the volatility of these stocks. Yes, and there is always the possibility of bankruptcy, even taking into account the fact that DDD's accounting is quite accurate: it has enough money to close all urgent debts.

Not all at once. Waves of investor interest in the field of 3D printing periodically give way to disappointment when it suddenly turns out that not every individual user can print their own house yet.

3D printing technology is still quite raw and needs significant improvement: there are problems with a large number of defects, temperature control. So DDD will remain in the position of such a risky startup for some time to come, the technology of which has not yet been fully mastered. This must be understood and accepted in order not to be surprised by the volatility of these stocks.

Hot time sets its test. The company has production and assets around the world, and more than half of its sales are made outside the United States. This means that logistical problems, as well as an increase in the cost of labor and raw materials, will be reflected in its reporting. Well, the permanent threat of a new quarantine must also be taken into account: as the experience of 2020 showed, the DDD business does not respond well to a decrease in industrial activity in the world.

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