Loading...

3D Systems

DB:SYV
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SYV
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • 3D Systems has significant price volatility in the past 3 months.
SYV Share Price and Events
7 Day Returns
1.1%
DB:SYV
1.1%
DE Tech
1.8%
DE Market
1 Year Returns
-0.7%
DB:SYV
0.6%
DE Tech
-6%
DE Market
SYV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
3D Systems (SYV) 1.1% -0.3% -0.5% -0.7% -41.1% -
DE Tech 1.1% 3.2% 13% 0.6% 67.6% 104.5%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • SYV underperformed the Tech industry which returned 0.6% over the past year.
  • SYV outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
SYV
Industry
5yr Volatility vs Market

Value

 Is 3D Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 3D Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for 3D Systems.

DB:SYV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SYV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 21%) (2.52%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.044 * 5.96%)
6.45%

Discounted Cash Flow Calculation for DB:SYV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 3D Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:SYV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.45%)
2019 23.00 Analyst x1 21.61
2020 42.00 Analyst x1 37.06
2021 59.18 Est @ 40.91% 49.06
2022 76.17 Est @ 28.7% 59.32
2023 91.52 Est @ 20.16% 66.96
2024 104.50 Est @ 14.18% 71.82
2025 114.95 Est @ 9.99% 74.21
2026 123.07 Est @ 7.06% 74.64
2027 129.24 Est @ 5.01% 73.63
2028 133.86 Est @ 3.58% 71.65
Present value of next 10 years cash flows $599.97
DB:SYV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $133.86 × (1 + 0.23%) ÷ (6.45% – 0.23%)
$2,156.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,156.37 ÷ (1 + 6.45%)10
$1,154.17
DB:SYV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $599.97 + $1,154.17
$1,754.14
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,754.14 / 116.68
$15.03
DB:SYV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SYV represents 0.88318x of NYSE:DDD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88318x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 15.03 x 0.88318
€13.28
Value per share (EUR) From above. €13.28
Current discount Discount to share price of €9.56
= -1 x (€9.56 - €13.28) / €13.28
28%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price 3D Systems is available for.
Intrinsic value
28%
Share price is €9.56 vs Future cash flow value of €13.28
Current Discount Checks
For 3D Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 3D Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • 3D Systems's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 3D Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 3D Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SYV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.41
NYSE:DDD Share Price ** NYSE (2019-04-18) in USD $10.82
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of 3D Systems.

DB:SYV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DDD Share Price ÷ EPS (both in USD)

= 10.82 ÷ -0.41

-26.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 3D Systems is loss making, we can't compare its value to the Europe Tech industry average.
  • 3D Systems is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does 3D Systems's expected growth come at a high price?
Raw Data
DB:SYV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -26.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
40.1%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for 3D Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 3D Systems's assets?
Raw Data
DB:SYV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $5.00
NYSE:DDD Share Price * NYSE (2019-04-18) in USD $10.82
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:SYV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DDD Share Price ÷ Book Value per Share (both in USD)

= 10.82 ÷ 5.00

2.16x

* Primary Listing of 3D Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 3D Systems is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess 3D Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. 3D Systems has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is 3D Systems expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 3D Systems expected to grow at an attractive rate?
  • Unable to compare 3D Systems's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare 3D Systems's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • 3D Systems's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SYV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SYV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 40.1%
DB:SYV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 5.2%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SYV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SYV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 890 2
2022-12-31 849 2
2021-12-31 810 2
2020-12-31 750 63 -19 10
2019-12-31 708 47 -33 12
DB:SYV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 688 5 -46
2018-09-30 684 5 -52
2018-06-30 673 17 -78
2018-03-31 656 5 -77
2017-12-31 646 26 -66
2017-09-30 635 37 -51
2017-06-30 638 45 -34
2017-03-31 637 59 -31
2016-12-31 633 57 -38
2016-09-30 650 46 -640
2016-06-30 646 34 -651
2016-03-31 658 16 -660

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 3D Systems is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • 3D Systems's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SYV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from 3D Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SYV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 -0.20 -0.06 -0.41 7.00
2019-12-31 -0.34 -0.21 -0.56 7.00
DB:SYV Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.41
2018-09-30 -0.46
2018-06-30 -0.69
2018-03-31 -0.69
2017-12-31 -0.59
2017-09-30 -0.46
2017-06-30 -0.31
2017-03-31 -0.28
2016-12-31 -0.35
2016-09-30 -5.74
2016-06-30 -5.83
2016-03-31 -5.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • 3D Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess 3D Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
3D Systems has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has 3D Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 3D Systems's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 3D Systems does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare 3D Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare 3D Systems's 1-year growth to the Europe Tech industry average as it is not currently profitable.
Earnings and Revenue History
3D Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 3D Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SYV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 687.66 -45.51 272.29 95.30
2018-09-30 684.21 -51.50 274.42 94.75
2018-06-30 672.61 -77.62 275.32 95.92
2018-03-31 655.53 -77.18 267.28 97.66
2017-12-31 646.07 -66.19 264.19 94.63
2017-09-30 634.74 -50.83 253.76 92.71
2017-06-30 638.20 -34.37 252.07 94.49
2017-03-31 636.84 -30.60 252.21 90.94
2016-12-31 632.97 -38.42 259.78 88.40
2016-09-30 650.39 -640.02 259.28 89.71
2016-06-30 645.60 -651.05 266.39 86.03
2016-03-31 658.00 -660.10 282.90 90.86
2015-12-31 666.16 -655.49 292.50 92.77
2015-09-30 670.24 -57.58 288.99 92.92
2015-06-30 685.61 -22.24 270.71 88.39
2015-03-31 666.62 -6.42 241.30 80.38
2014-12-31 653.65 11.64 207.73 75.40
2014-09-30 621.03 21.31 198.25 69.46
2014-06-30 589.80 35.88 176.64 62.34
2014-03-31 559.08 43.10 162.51 54.22
2013-12-31 513.40 44.11 143.24 43.49
2013-09-30 460.15 43.80 119.12 34.72
2013-06-30 414.97 39.66 109.97 29.45
2013-03-31 377.79 38.64 100.23 24.77
2012-12-31 353.63 38.94 97.42 23.20
2012-09-30 321.92 36.03 84.67 19.99
2012-06-30 288.93 29.74 77.58 18.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if 3D Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if 3D Systems has efficiently used its assets last year compared to the Europe Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if 3D Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess 3D Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
3D Systems has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is 3D Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up 3D Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 3D Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 3D Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 3D Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 12.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from 3D Systems Company Filings, last reported 3 months ago.

DB:SYV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 584.86 32.05 110.00
2018-09-30 587.07 7.21 92.09
2018-06-30 596.71 7.38 119.31
2018-03-31 618.11 7.59 121.61
2017-12-31 624.82 7.72 136.34
2017-09-30 623.53 7.86 138.33
2017-06-30 654.15 7.97 153.99
2017-03-31 643.32 8.04 161.66
2016-12-31 635.57 8.16 184.95
2016-09-30 651.59 8.36 179.36
2016-06-30 659.40 8.48 176.25
2016-03-31 664.47 8.65 169.77
2015-12-31 663.52 8.72 155.64
2015-09-30 1,262.75 8.90 157.45
2015-06-30 1,296.02 9.01 171.22
2015-03-31 1,280.33 9.14 199.90
2014-12-31 1,303.00 9.59 284.86
2014-09-30 1,303.43 9.89 377.34
2014-06-30 1,285.84 18.96 570.26
2014-03-31 953.78 18.92 306.70
2013-12-31 933.79 18.88 306.32
2013-09-30 901.79 18.85 345.36
2013-06-30 848.98 32.24 349.26
2013-03-31 532.65 50.66 110.54
2012-12-31 480.33 88.15 155.86
2012-09-30 416.49 131.21 183.93
2012-06-30 384.07 140.49 158.50
  • 3D Systems's level of debt (5.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2% vs 5.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • 3D Systems has sufficient cash runway for more than 3 years based on current free cash flow.
  • 3D Systems has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 57.3% each year.
X
Financial health checks
We assess 3D Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 3D Systems has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is 3D Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from 3D Systems dividends. Estimated to be 0% next year.
If you bought €2,000 of 3D Systems shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate 3D Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 3D Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SYV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SYV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as 3D Systems has not reported any payouts.
  • Unable to verify if 3D Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 3D Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 3D Systems has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of 3D Systems's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess 3D Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 3D Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 3D Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of 3D Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
VJ Joshi
COMPENSATION $2,122,615
AGE 64
TENURE AS CEO 3 years
CEO Bio

Mr. Vyomesh I. Joshi, also known as VJ, has been the Chief Executive Officer and President of 3D Systems Corporation since April 01, 2016. Mr. Joshi serves as an Advisor at Convergence Ventures. Mr. Joshi served as an Executive Vice President of Imaging and Printing Group at HP Inc. (alternate name, Hewlett-Packard Company) from 2002 to April 2, 2012 and served as its Executive Vice President of Imaging and Personal Systems Group. Mr. Joshi was responsible for all worldwide printing, scanning and digital camera platforms at HP. Mr. Joshi oversaw key initiatives and investments in inkjet, laser and LEP printing technologies. He retired in 2012 after a 32-year career at Hewlett-Packard Company. He served as Vice President of Hewlett Packard Co. since January 2001 and served as its President of Imaging and Printing Systems since February 2001. He served as Vice President and General Manager of the former Inkjet Imaging Solutions Personal Imaging and Printing organization, where he led the HP company-wide initiative on digital imaging appliances, infrastructure and services. He served as General Manager of the Home Imaging Division, where HP introduced a complete digital photography system that included a digital camera, photo scanner and photo printer from 1997 to 1999. Mr. Joshi served as Operations Manager of the San Diego Imaging Operation since 1994 and also served as Research-and-Development Manager of two new Hewlett Packard businesses for four years: large format color printing and fax/multifunction products. In 1989, Mr. Joshi was given Section Manager responsibility for color printer connectivity solutions, which included the development of Hewlett Packard 's PCL 5C color printer language and color device drivers. Since 1984, he served as Project Manager of the Inkjet Components Division, where he served as a Section Manager and Program Manager for the first color inkjet cartridge developed by Hewlett Packard. He is a visionary who forever changed Hewlett-Packard's printing business from the ground up. As a seasoned and known leader, Mr. Joshi is committed to leveraging the strength and heritage of 3D Systems and transforming its business to help participate in the revolutionary changes taking place in nearly every corner of every industry. He is known for being a transformational and highly engaged leader with significant experience in developing and managing a broad product portfolio, all while driving operational excellence. While leading HP's $26 billion printing business, Mr. Joshi was responsible for doubling the printing business operating profits during 11-year period. Mr. Joshi joined Hewlett Packard in 1980 as a Research and Development Engineer for pen plotters. Since 1989, he has held various management positions in Imaging and Printing Systems. He serves as the Chairman of Phogenix Imaging LLC, a joint venture between HP and Kodak. He also serves as a Director of 3D Systems Corporation since July 26, 2016. Mr. Joshi also serves as a Director at Immy, Inc. He has been an Independent Director of Harris Corporation since September 1, 2013. Mr. Joshi has been a Director of Ormet Circuits, Inc. since February 07, 2015. He served as an Independent Director of Wipro Ltd. from October 1, 2012 to July 19, 2016. He served as a Director of Yahoo! Inc. (Now known as Altaba Inc.) from July 2005 to May 13, 2012. Mr. Joshi serves as a Member of Dean's Advisory Council at The Rady School of Management at the University of California, San Diego. He holds a Master's degree in Electrical Engineering from Ohio State University.

CEO Compensation
  • VJ's compensation has increased whilst company is loss making.
  • VJ's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the 3D Systems management team in years:

4.4
Average Tenure
58
Average Age
  • The tenure for the 3D Systems management team is about average.
Management Team

VJ Joshi

TITLE
President
COMPENSATION
$2M
AGE
64
TENURE
3 yrs

Chuck Hull

TITLE
Co-Founder
COMPENSATION
$638K
AGE
78
TENURE
26.3 yrs

John McMullen

TITLE
Executive VP & CFO
COMPENSATION
$869K
AGE
60
TENURE
2.8 yrs

Andy Johnson

TITLE
COMPENSATION
$701K
AGE
43
TENURE
4.4 yrs

Kevin McAlea

TITLE
Executive VP and GM of Metals & Healthcare
COMPENSATION
$758K
AGE
59
TENURE
15.9 yrs

Phil Schultz

TITLE
Executive Vice President of Operations
AGE
55
TENURE
0.3 yrs

Stacey Witten

TITLE
Vice President of Finance
TENURE
8.8 yrs

Hugh Evans

TITLE
Vice President of Corporate Development & Ventures
AGE
52

Will.I.Am Adams

TITLE
Chief Creative Officer

Herbert Koeck

TITLE
Executive Vice President of Global Go To Market
AGE
57
Board of Directors Tenure

Average tenure and age of the 3D Systems board of directors in years:

4.2
Average Tenure
64.5
Average Age
  • The tenure for the 3D Systems board of directors is about average.
Board of Directors

Chip McClure

TITLE
Chairman of the Board
COMPENSATION
$258K
AGE
64
TENURE
0.5 yrs

VJ Joshi

TITLE
President
COMPENSATION
$2M
AGE
64
TENURE
2.8 yrs

Chuck Hull

TITLE
Co-Founder
COMPENSATION
$638K
AGE
78
TENURE
26.3 yrs

Kevin Moore

TITLE
Director
COMPENSATION
$226K
AGE
63
TENURE
19.5 yrs

Jim Kever

TITLE
Director
COMPENSATION
$186K
AGE
65
TENURE
23.3 yrs

Bill Curran

TITLE
Director
COMPENSATION
$226K
AGE
69
TENURE
11.3 yrs

Tom Erickson

TITLE
Director
COMPENSATION
$288K
AGE
67
TENURE
3.4 yrs

John Tracy

TITLE
Director
COMPENSATION
$200K
AGE
64
TENURE
1.8 yrs

Bill Humes

TITLE
Director
COMPENSATION
$203K
AGE
54
TENURE
4.9 yrs

Jeff Wadsworth

TITLE
Director
COMPENSATION
$191K
AGE
68
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Aug 18 Sell Kevin McAlea Individual 22. Aug 18 22. Aug 18 -20,000 €18.29 €-365,873
17. Aug 18 Sell Andrew Johnson Individual 17. Aug 18 17. Aug 18 -5,000 €16.66 €-83,283
30. May 18 Buy George Loewenbaum Individual 29. May 18 29. May 18 4,500 €10.44 €46,971
09. May 18 Buy George Loewenbaum Individual 07. May 18 07. May 18 16,475 €8.49 €139,851
X
Management checks
We assess 3D Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 3D Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names. It also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, polymeric dental, and Class IV bio-compatible materials. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as products for product design, mold and die design, 3D scan-to-print, reverse engineering, production machining, metrology, and inspection. Further, it offers 3D Sprint and 3DXpert, a proprietary software to prepare and optimize CAD data and manage the additive manufacturing processes, which provides automated support building and placement, build platform management, and print queue management; and 3D virtual reality simulators and simulator modules for medical applications, as well as digitizing scanners for medical and mechanical applications. Additionally, the company provides warranty, maintenance, and training services; on-demand manufacturing solutions; and software and precision healthcare services. It primarily serves companies and small and midsize businesses in medical, dental, automotive, aerospace, durable good, government, defense, technology, jewelry, electronic, education, consumer good, energy, and other industries through direct sales force, as well as partner channels and distributors. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina.

Details
Name: 3D Systems Corporation
SYV
Exchange: DB
Founded: 1986
$1,128,561,115
116,677,317
Website: http://www.3dsystems.com
Address: 3D Systems Corporation
333 Three D Systems Circle,
Rock Hill,
South Carolina, 29730,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DDD Common Stock New York Stock Exchange US USD 10. Mar 1988
DB SYV Common Stock Deutsche Boerse AG DE EUR 10. Mar 1988
LSE 0QYH Common Stock London Stock Exchange GB USD 10. Mar 1988
SWX DDD Common Stock SIX Swiss Exchange CH CHF 10. Mar 1988
WBAG DDD Common Stock Wiener Boerse AG AT EUR 10. Mar 1988
BMV DDD * Common Stock Bolsa Mexicana de Valores MX MXN 10. Mar 1988
Number of employees
Current staff
Staff numbers
2,620
3D Systems employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:56
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.