Sell-side pleased with 3D Systems, Stratasys CES launches

Like others on the Street, FBR's Ajay Kejriwal is pleased with 3D Systems' (DDD) and Stratasys (SSYS) CES product launches, and has respectively raised his PTs for the 3D printer makers to $98 from $85, and $165 from $155. Kejriwal's prior targets were set during his Dec. 2 coverage launches.

During CES, 3D Systems announced: 1) The CubeJet, a sub-$5K printer that combines the company's ColorJet printing tech (typically found in costlier models) with the ease-of-use of 3D's cheaper Cube printers. 2) The Touch, a $499 3D sculpting/design mouse that uses haptic feedback to purportedly "[mimic] the sense of physical sculpting." 3) Two printers - the ChefJet and ChefJet Pro - for printing edible confections. 4) The CeraJet, a sub-$10K printer for creating color ceramic objects. 5) The Cube 3, a sub-$1K device that 3D claims is "the first plug & play consumer printer."

Meanwhile, Stratasys' MakerBot unit launched: 1) A 5th-gen Replicator 3D printer (goes for $2,899) that feature a larger build volume and 3.5" touchscreen. 2) The Replicator Mini, a $1,379 compact printer with a built-in camera and Wi-Fi. 3) The Replicator Z18, a $6,499 large-format printer that takes MakerBot's product line upmarket.

Rivals were also busy: Several startups launched sub-$1K 3D printer, with nearly all emphasizing ease-of-use. These companies can't match the software support and Web marketplace ecosystems 3D Systems and MakerBot provide, but could exert low-end price pressure.

3D Systems now trades at 74x 2014E EPS, and Stratasys at 57x 2014E EPS.

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Comments (15)
  • 3D Printing Investor
    , contributor
    Comments (525) | Send Message
    I'm pleased with CIMT entering 3D printing with Terry Wohlers on board, a trailing PE of 22 (using GAAP) , a dividend history, 67% eps growth in the mrq, and a very high CAN SLIM score:
    10 Jan 2014, 06:51 PM Reply Like
  • KevinRemde
    , contributor
    Comments (573) | Send Message
    Thanks for the heads-up on CIMT. I'll be watching them closely...
    10 Jan 2014, 06:54 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (910) | Send Message
    why wouldn't you be pleased and have a buy? how are you going to collect secondary share sale placement fees, convertible note issuance fees, and m&a transaction fees without having a buy on the stock?


    there is no risk to having a buy on the stock because every broker (seeking ibanking fees) has a buy on it. by the time investors realize (6 mos - 2years) that you were just a cheerleader, the bank and the 'analyst' will have made their money. classic short-term IBGYBG (i'll be gone, you'll be gone) behavior...


    write this down: there will be no consumer market
    10 Jan 2014, 06:56 PM Reply Like
  • 21thomas99
    , contributor
    Comments (411) | Send Message
    'write this down: there will be no consumer market'


    Just like how PCs would not be successful as nobody would ever need or want one? What ever happened to the person who made that prediction?


    Since you claim there will be no consumer market, what is to be made of these AM companies making products for the consumer?
    10 Jan 2014, 07:26 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    "No consumer market" for 3D printing?


    Wow, just wow.


    I wouldn't be surprised if 3D printers were pervasive as paper printers are today within 10 years. Imagine printing out parts you need (not all of course) instead of ordering the part or running out to buy it.


    The future for 3DP will be HUGE imo.
    10 Jan 2014, 08:07 PM Reply Like
  • Esekla
    , contributor
    Comments (4749) | Send Message
    I'd have to agree with the skeptics on this one. I think the bright future here is in Additive Manufacturing, not 3d Printing for the consumer space:



    Investors are still learning to differentiate on this point. Furthermore, most stocks are are currently where AAPL was in the late 90s. Investors there saw the early potential and bid the stock up above $30 per share in 2000. It finished the year below $10 and stayed in that area for the next 3 years. We're at a point with these stocks where the market has become too forward looking. Until we start seeing investors differentiate based on technology and the markets that go with them, I'd say it's better to risk being (temporarily) left behind than to have your capital reduced to a fraction of its buying power.
    11 Jan 2014, 03:51 AM Reply Like
  • thesahibzada
    , contributor
    Comments (747) | Send Message
    yeah but you have to admit eventually (and no one knows when..) the manufacturing process in general is going to be refined, changed, and made cheaper, easier and 1000x more efficient and effective compared to current standards and methods all due to technology advancements and the first to touch on this change is in fact 3D printing. Just a week or so prior to CES, Mitsubishi announced a clever Hybrid printer which makes use of 3D printing processes in addition to other processes.... I don't know much about the science but its kind of obvious where this industry is headed.


    Does the market trade on that.... maybe.... but then again the market is so unpredictable that no one can know literally the reason a stock or a whole sector is going up or down....


    And also people might be trading 3D printing stocks on "potential" success in the future.... so these things are ALL priced into the stock in that sense...


    Lets see how the market opens on Monday now that CES is over


    Happy Investing
    12 Jan 2014, 01:02 AM Reply Like
  • OkieKid1868
    , contributor
    Comments (4) | Send Message
    Do you work for IBM? Was it IBM that said their never would be a need for a personal computer? I've got to say the you maybe a little narrow sided. If we were take the Amazon model where the majority of christmas shopping was done online and apply that same idea to the future of 3-D printing where anyone could have a printer in their home and just downloading the product they need and the product printing at their house with out them ever leaving? I have to say that it is highly likely where our society is headed.


    Write this down: in 30 years we will be printing items at home for use....
    12 Jan 2014, 11:42 PM Reply Like
  • hneumann
    , contributor
    Comments (630) | Send Message
    With those multiples the advice must be: take profits before a (general market) correction.
    10 Jan 2014, 07:14 PM Reply Like
  • NightRaider
    , contributor
    Comments (39) | Send Message
    Stratospheric multiples of $3D and $SSYS are not sustainable in the near future with so much competition lining up. Eventually they will end up like HP/Epson/Dell/Brother type printers. Buying put leaps.....
    11 Jan 2014, 04:35 PM Reply Like
  • burghdood
    , contributor
    Comments (80) | Send Message
    How about the wisdom of Put leaps AND call leaps simultaneously? You have to figure that a significant bump up or down is apt to occur, soon!?
    12 Jan 2014, 03:09 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1697) | Send Message
    3-D printing set to break out of niche
    12 Jan 2014, 03:33 AM Reply Like
  • eugeneboudin
    , contributor
    Comment (1) | Send Message
    3D printing is not something of the future but something that is happening right now in its early stages. To ignore this is the same as not seeing the sun on a clear day
    12 Jan 2014, 11:02 PM Reply Like
  • robbrown1
    , contributor
    Comments (5) | Send Message
    SSYS and DDD have to much investor momentum and hype not to be a buy right now, even if they defy logical multiples. Just ask those who invested in Telsa six months ago about multiples. Momentum is a powerful force.
    12 Jan 2014, 11:25 PM Reply Like
  • Cannuck
    , contributor
    Comment (1) | Send Message
    You are all right!!!!!!!!!!!!!!!!!!!!
    12 Jan 2014, 11:59 PM Reply Like
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