3D Systems Corp Stock Research

Market Summary

USD10.43+0.42

Delayedas of 23 Mar 2023, 11:14 am

4.20%

DDD Stock Price

DDD RSI Chart

DDD Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-13.31

Price/Sales (Trailing)

2.47

EV/EBITDA

-16.3

Price/Free Cashflow

-15.64

DDD Price/Sales (Trailing)

DDD Profitability

EBT Margin

-17.99%

Return on Equity

-14.08%

Return on Assets

-7.22%

Free Cashflow Yield

-6.39%

DDD Fundamentals

DDD Revenue

Revenue (TTM)

556.2M

Revenue Y/Y

-15.27%

Revenue Q/Q

-5.56%

DDD Earnings

Earnings (TTM)

-103.4M

Earnings Y/Y

-112.78%

Earnings Q/Q

-13.46%

Price Action

52 Week Range

7.0217.83

(Low)(High)

Last 7 days

-4.9%

Last 30 days

-7.3%

Last 90 days

23.0%

Trailing 12 Months

-27.1%

DDD Financial Health

Current Ratio

5.68

DDD Investor Care

Shares Dilution (1Y)

6.32%

Diluted EPS (TTM)

-0.85

Peers (Alternatives to 3D Systems)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.5T	387.5B	-0.56%	-0.91%	25.94	6.37	2.44%	-5.35%
HPQ	27.9B	59.8B	-7.84%	-19.28%	10.71	0.47	-7.84%	-60.07%
NTAP	13.3B	6.5B	-9.85%	-24.01%	10.3	2.05	4.33%	27.27%
STX	12.6B	9.4B	-16.09%	-31.28%	20.4	1.35	-21.90%	-66.38%
WDC	11.3B	15.8B	-20.10%	-25.14%	-121.22	0.72	-16.84%	-104.67%
MID-CAP
SNX	8.7B	62.3B	-13.02%	-17.07%	13.4	0.14	97.20%	64.86%
PSTG	7.3B	2.7B	-24.21%	-24.75%	536.05	2.74	34.27%	106.43%
NATI	6.6B	1.7B	-5.66%	35.27%	47.28	3.98	12.74%	56.35%
SMCI	5.2B	6.6B	1.35%	119.39%	8.98	0.78	59.38%	362.85%
XRX	2.4B	7.1B	-11.03%	-17.78%	-7.35	0.33	0.98%	29.23%
SMALL-CAP
DDD	1.4B	556.2M	-7.29%	-27.15%	-13.31	2.47	-12.75%	-133.51%
AVID	1.3B	417.4M	-6.31%	-3.14%	23.21	3.07	1.82%	33.47%
KODK	268.6M	1.2B	-3.66%	-18.57%	20.66	0.22	5.88%	-74.00%
DBD	181.9M	3.6B	-4.08%	-66.95%	-0.39	0.05	-10.12%	-413.74%

Financials for 3D Systems

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	-4.1%	556	580	603	616	637
Gross Profit	-4.9%	226	237	253	264	270
Operating Expenses	1.5%	319	314	308	297	299
S&GA Expenses	-0.1%	236	236	234	228	229
R&D Expenses	6.5%	82.00	77.00	74.00	69.00	69.00
EBITDA	-123.4%	-63.46	271	293	355	-
EBITDA Margin	-124.4%	-0.11*	0.47*	0.49*	0.58*	-
Earnings Before Taxes	-142.4%	-100	236	257	320	309
EBT Margin	-144.3%	-0.18*	0.41*	0.43*	0.52*	-
Interest Expenses	-24.5%	1.00	2.00	-	-	-
Net Income	-145.6%	-103	227	250	322	308
Net Income Margin	-147.5%	-0.19*	0.39*	0.41*	0.52*	-
Free Cahsflow	-66.0%	-87.99	-52.99	-14.42	29.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-3.4%	1,431	1,482	1,507	1,549	1,005
Current Assets	-3.4%	865	896	988	1,032	708
Cash Equivalents	14.2%	341	299	389	790	503
Inventory	18.8%	126	106	102	93.00	89.00
Net PPE	0.1%	56.00	56.00	55.00	57.00	58.00
Goodwill	-6.5%	358	382	17.00	346	140
Liabilities	-0.1%	695	696	680	707	256
Current Liabilities	-6.2%	152	162	150	178	168
LT Debt, Current	NaN%	-	-	-	-	-
LT Debt, Non Current	0.2%	449	448	448	447	-
Shareholder's Equity	-6.3%	734	784	827	842	749
Retained Earnings	-5.5%	-718	-681	-648	-621	-615
Additional Paid-In Capital	0.5%	1,533	1,526	1,519	1,501	1,411
Shares Outstanding	0.1%	130	130	127	128	123

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-109.0%	-66,954	-32,040	4,569	48,147	75,180
Share Based Compensation	-4.4%	42,670	44,638	56,761	55,153	45,095
Cashflow From Investing	-142.2%	-513,202	-211,856	-163,217	260,555	397,867
Cashflow From Financing	0.8%	429,021	425,557	421,619	405,800	-39,409
Buy Backs	-	15,028	-	-	-	-

Risks for DDD

What is the probability of a big loss on DDD?

100%

Probability that 3D Systems stock will be more than 20% underwater in next one year

99.2%

Probability that 3D Systems stock will be more than 30% underwater in next one year.

92.3%

Probability that 3D Systems stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DDD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if 3D Systems was unfortunately bought at previous high price.

Drawdowns

Returns for DDD

Cumulative Returns on DDD

-10%

10-Year Cumulative Returns

-3.8%

7-Year Cumulative Returns

-3.9%

5-Year Cumulative Returns

16.1%

3-Year Cumulative Returns

What are the long-term rolling returns for DDD?

FIve years rolling returns for 3D Systems.

Annualized Returns

Which funds bought or sold DDD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	40.38	93,081	400,081	-%
2023-03-06	Rockefeller Capital Management L.P.	added	40.42	6,000	25,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	-300	3,700	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	-28,381	365,619	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-30.44	-45,425	83,575	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	-23,000	282,000	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	387	160,463	205,463	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-25,000	-	-%
2023-02-16	HARBOUR INVESTMENTS, INC.	unchanged	-	-2,476	9,524	-%
2023-02-16	AXXCESS WEALTH MANAGEMENT, LLC	new	-	440,566	440,566	0.04%

Latest Funds Activity

Are funds buying DDD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own DDD

No. of Funds

3D Systems News

Schedule 13G FIlings of 3D Systems

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	10.55%	13,839,058	SC 13G/A
Jan 26, 2023	blackrock inc.	17.0%	22,327,862	SC 13G/A
Jan 20, 2023	blackrock inc.	17.0%	22,327,862	SC 13G/A
Feb 09, 2022	vanguard group inc	10.54%	13,457,857	SC 13G/A
Feb 07, 2022	blackrock inc.	15.5%	19,851,119	SC 13G/A
Jan 31, 2022	invesco ltd.	4.6%	5,878,237	SC 13G/A
Feb 12, 2021	invesco ltd.	7.0%	8,683,767	SC 13G/A
Feb 10, 2021	vanguard group inc	10.01%	12,428,045	SC 13G/A
Jan 25, 2021	blackrock inc.	15.6%	19,317,108	SC 13G
Feb 13, 2020	invesco ltd.	7.2%	8,583,529	SC 13G

DDD Fair Value

3D Systems fair value in different scenarios

The table shows the Fair Value estimates for 3D Systems for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	2.74 -73.73%	3.00 -71.24%	3.67 -64.81%	4.19 -59.83%	4.79 -54.07%
Current Inflation	2.68 -74.30%	2.93 -71.91%	3.54 -66.06%	4.03 -61.36%	4.50 -56.86%
Very High Inflation	2.60 -75.07%	2.83 -72.87%	3.38 -67.59%	3.82 -63.37%	4.15 -60.21%

Historical 3D Systems Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of 3D Systems

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	10-K	Annual Report
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 02, 2023	NT 10-K	NT 10-K
Mar 01, 2023	8-K	Current Report
Feb 17, 2023	4	Insider Trading

Latest Insider Trading transactions for DDD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-15	Ellis Menno	sold (taxes)	-41,731	11.66	-3,579	evp, healthcare solutions
2023-02-15	HULL CHARLES W	sold (taxes)	-38,326	11.66	-3,287	evp & cto (regenerative med)
2023-02-15	Johnson Andrew Martin	sold (taxes)	-55,011	11.66	-4,718	evp, chief legal officer & sec
2023-01-12	HULL CHARLES W	sold (taxes)	-31,419	9.00	-3,491	evp & cto (regenerative med)
2023-01-12	Puthenveetil Reji	sold (taxes)	-52,668	9.00	-5,852	evp, industrial solutions
2023-01-12	Johnson Andrew Martin	sold (taxes)	-50,652	9.00	-5,628	evp, chief legal officer & sec
2023-01-12	GRAVES JEFFREY A	sold (taxes)	-164,700	9.00	-18,300	president and ceo
2023-01-12	Ellis Menno	sold (taxes)	-51,516	9.00	-5,724	evp, healthcare solutions
2022-12-31	GRAVES JEFFREY A	sold (taxes)	-402,325	7.49	-53,715	president and ceo
2022-12-13	Johnson Andrew Martin	sold (taxes)	-17,231	9.21	-1,871	evp, chief legal officer & sec

About 3D Systems

Jeffrey A. Graves

www.3dsystems.com

1720

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts. It also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, polymeric dental, and bio-compatible materials. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as solutions for product design, simulation, mold and die design, 3D scan-to-print, reverse engineering, production machining, metrology, and inspection and manufacturing workflows under the Geomagic brand. 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, print simulation, and print queue management; and Bioprint Pro, a software solution that allows researchers to design and bioprint repeatable experiments. Additionally, the company provides maintenance and training services; manufacturing services; 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, biotechnology, and other industries through direct sales force, channel partners, and appointed distributors. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina.

DDD Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Total revenue	$ 132,253	$ 156,096	$ 405,299	$ 464,769
Cost of sales:
Total cost of sales	79,583	91,781	245,696	267,209
Gross profit	52,670	64,315	159,603	197,560
Operating expenses:
Selling, general and administrative	65,579	65,737	185,398	176,800
Research and development	20,796	15,786	63,180	49,987
Total operating expenses	86,375	81,523	248,578	226,787
Loss from operations	(33,705)	(17,208)	(88,975)	(29,227)
Interest and other income (expense), net	(3,502)	315,859	(5,456)	354,396
(Loss) income before income taxes	(37,207)	298,651	(94,431)	325,169
(Provision) benefit for income taxes	(338)	(5,995)	(2,911)	3,083
Net (loss) income before redeemable non-controlling interest	(37,545)	292,656	(97,342)	328,252
Less: net (loss) attributable to redeemable non-controlling interest	(147)	0	(184)	0
Net (loss) income attributable to 3D Systems Corporation	$ (37,398)	$ 292,656	$ (97,158)	$ 328,252
Net (loss) income per common share:
Basic (in dollars per share)	$ (0.30)	$ 2.39	$ (0.77)	$ 2.69
Diluted (in dollars per share)	$ (0.30)	$ 2.34	$ (0.77)	$ 2.63
Weighted average shares outstanding:
Basic (in shares)	127,991	122,663	127,478	122,178
Diluted (in shares)	127,991	125,289	127,478	124,839
Products
Revenue:
Total revenue	$ 96,337	$ 108,884	$ 300,662	$ 311,170
Cost of sales:
Total cost of sales	58,042	64,252	181,845	180,251
Services
Revenue:
Total revenue	35,916	47,212	104,637	153,599
Cost of sales:
Total cost of sales	$ 21,541	$ 27,529	$ 63,851	$ 86,958

DDD Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 341,297	$ 789,657
Short-term investments	268,097	0
Accounts receivable, net of reserves — $3,049 and $2,445	100,310	106,540
Inventories	125,962	92,887
Prepaid expenses and other current assets	29,599	42,653
Total current assets	865,265	1,031,737
Property and equipment, net	55,942	57,257
Intangible assets, net	82,538	45,835
Goodwill	357,545	345,588
Right-of-use assets	41,810	46,356
Deferred income tax asset	4,337	5,054
Other assets	23,933	17,272
Total assets	1,431,370	1,549,099
Current liabilities:
Current lease liabilities	8,205	8,344
Accounts payable	53,419	57,366
Accrued and other liabilities	56,016	76,994
Customer deposits	7,089	7,281
Deferred revenue	27,644	28,027
Total current liabilities	152,373	178,012
Long-term debt, net of deferred financing costs	448,852	446,859
Long-term lease liabilities	42,011	47,420
Deferred income tax liability	8,577	2,173
Other liabilities	43,647	32,254
Total liabilities	695,460	706,718
Commitments and contingencies (Note 14)
Redeemable Noncontrolling Interest, Equity, Carrying Amount	1,654	0
Stockholders’ equity:
Common stock, $0.001 par value, authorized 220,000 shares; shares issued and outstanding 130,419 and 128,375	130	128
Additional paid-in capital	1,533,339	1,501,210
Accumulated deficit	(718,409)	(621,251)
Accumulated other comprehensive loss	(80,804)	(37,706)
Total stockholders’ equity	734,256	842,381
Total liabilities, redeemable non-controlling interest and stockholders’ equity	$ 1,431,370	$ 1,549,099