NYSE:DDD

Stock Analysis Report

Executive Summary

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has 3D Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DDD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.7%

DDD

1.2%

US Tech

-0.09%

US Market


1 Year Return

5.8%

DDD

99.6%

US Tech

23.9%

US Market

Return vs Industry: DDD underperformed the US Tech industry which returned 96.6% over the past year.

Return vs Market: DDD underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

DDDIndustryMarket
7 Day-0.7%1.2%-0.09%
30 Day31.1%11.5%3.1%
90 Day36.2%27.6%10.4%
1 Year5.8%5.8%102.9%99.6%26.6%23.9%
3 Year-29.3%-29.3%153.2%135.0%50.9%41.2%
5 Year-59.3%-59.3%167.0%140.3%78.1%58.5%

Price Volatility Vs. Market

How volatile is 3D Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 3D Systems undervalued compared to its fair value and its price relative to the market?

2.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DDD ($11.6) is trading above our estimate of fair value ($10.56)

Significantly Below Fair Value: DDD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DDD is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: DDD is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DDD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DDD is overvalued based on its PB Ratio (2.6x) compared to the US Tech industry average (1.9x).


Next Steps

Future Growth

How is 3D Systems forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

78.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DDD is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DDD is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DDD is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DDD's revenue (4% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: DDD's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DDD's Return on Equity is forecast to be low in 3 years time (7.7%).


Next Steps

Past Performance

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

19.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DDD is currently unprofitable.

Growing Profit Margin: DDD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DDD is unprofitable, but has reduced losses over the past 5 years at a rate of 19.7% per year.

Accelerating Growth: Unable to compare DDD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DDD is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (25.2%).


Return on Equity

High ROE: DDD has a negative Return on Equity (-13.41%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is 3D Systems's financial position?


Financial Position Analysis

Short Term Liabilities: DDD's short term assets ($391.6M) exceed its short term liabilities ($171.1M).

Long Term Liabilities: DDD's short term assets ($391.6M) exceed its long term liabilities ($136.4M).


Debt to Equity History and Analysis

Debt Level: DDD's debt to equity ratio (11.3%) is considered satisfactory.

Reducing Debt: DDD's debt to equity ratio has increased from 0.02% to 11.3% over the past 5 years.


Balance Sheet

Inventory Level: DDD has a high level of physical assets or inventory.

Debt Coverage by Assets: DDD's debt is covered by short term assets (assets are 6.7x debt).


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.

Stable Cash Runway: DDD has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DDD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.1%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate DDD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DDD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DDD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DDD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DDD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

VJ Joshi (65yo)

3.8yrs

Tenure

US$2,122,615

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: VJ's total compensation ($USD2.12M) is below average for companies of similar size in the US market ($USD3.86M).

Compensation vs Earnings: VJ's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

5.2yrs

Average Tenure

58yo

Average Age

Experienced Management: DDD's management team is seasoned and experienced (5.2 years average tenure).


Board Age and Tenure

4.9yrs

Average Tenure

65.5yo

Average Age

Experienced Board: DDD's board of directors are considered experienced (4.9 years average tenure).


Insider Trading

Insider Buying: DDD insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$193,05407 Nov 19
Andrew Johnson
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares20,068
Max PriceUS$9.62
SellUS$408,07607 Nov 19
Charles Hull
EntityIndividual
Role
Member of the Board of Directors
Co-Founder
Shares41,940
Max PriceUS$9.73
BuyUS$245,94230 Jul 19
Vyomesh Joshi
EntityIndividual
Role
Chief Executive Officer
President
Shares29,920
Max PriceUS$8.22

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Kevin McAlea (60yo)

    Executive VP and GM of Metals & Healthcare

    • Tenure: 16.7yrs
    • Compensation: US$757.84k
  • Chuck Hull (79yo)

    Co-Founder

    • Tenure: 27yrs
    • Compensation: US$638.42k
  • VJ Joshi (65yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$2.12m
  • Hugh Evans (53yo)

    Vice President of Corporate Development & Ventures

    • Andy Johnson (44yo)

      Executive VP

      • Tenure: 5.2yrs
      • Compensation: US$701.45k
    • Stacey Witten

      Vice President of Finance

      • Tenure: 9.6yrs
    • Will.I.Am Adams

      Chief Creative Officer

      • Herbert Koeck (58yo)

        Executive Vice President of Global Go To Market

        • Phil Schultz (56yo)

          Executive Vice President of Operations

          • Tenure: 1.1yrs
        • Todd A. Booth

          Executive VP & CFO

          • Tenure: 0.3yrs

        Board Members

        • Jim Kever (66yo)

          Independent Director

          • Tenure: 24yrs
          • Compensation: US$186.50k
        • Chuck Hull (79yo)

          Co-Founder

          • Tenure: 27yrs
          • Compensation: US$638.42k
        • Tom Erickson (68yo)

          Director

          • Tenure: 4.2yrs
          • Compensation: US$288.00k
        • Kevin Moore (64yo)

          Independent Director

          • Tenure: 20.3yrs
          • Compensation: US$226.46k
        • Chip McClure (65yo)

          Chairman of the Board

          • Tenure: 1.3yrs
          • Compensation: US$257.59k
        • VJ Joshi (65yo)

          President

          • Tenure: 3.8yrs
          • Compensation: US$2.12m
        • Bill Curran (70yo)

          Independent Director

          • Tenure: 12yrs
          • Compensation: US$225.73k
        • Bill Humes (55yo)

          Independent Director

          • Tenure: 5.7yrs
          • Compensation: US$202.96k
        • Jeff Wadsworth (69yo)

          Independent Director

          • Tenure: 2.8yrs
          • Compensation: US$190.90k
        • John Tracy (65yo)

          Independent Director

          • Tenure: 2.6yrs
          • Compensation: US$200.05k

        Company Information

        3D Systems Corporation's company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: 3D Systems Corporation
        • Ticker: DDD
        • Exchange: NYSE
        • Founded: 1986
        • Industry: Technology Hardware, Storage and Peripherals
        • Sector: Tech
        • Market Cap: US$1.391b
        • Shares outstanding: 118.42m
        • Website: https://www.3dsystems.com

        Number of Employees


        Location

        • 3D Systems Corporation
        • 333 Three D Systems Circle
        • Rock Hill
        • South Carolina
        • 29730
        • United States

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        DDDNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1988
        DDD *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMar 1988
        SYVXTRA (XETRA Trading Platform)YesCommon StockDEEURMar 1988
        SYVDB (Deutsche Boerse AG)YesCommon StockDEEURMar 1988
        DDDSWX (SIX Swiss Exchange)YesCommon StockCHCHFMar 1988
        0QYHLSE (London Stock Exchange)YesCommon StockGBUSDMar 1988
        DDDWBAG (Wiener Boerse AG)YesCommon StockATEURMar 1988
        SYVETLX (Eurotlx)YesCommon StockITEURMar 1988

        Biography

        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. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/23 23:56
        End of Day Share Price2020/01/23 00:00
        Earnings2019/09/30
        Annual Earnings2018/12/31


        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.