From the prospectus, Media Articles and Company Presentation
3d Metal forge Limited
IPO PRICE 20c
SOI 190 mil
Mcap 38 mil
Cash 10 mil
Escrow 110 mil shares are in Escrow for 12 to 24 months
3MF is a leading Additive Manufacturing (AM) company that supports a growing and multi-national blue-chip client base with their 3D metal printing requirements.
3MF provides Full range of in-house metal printing services from design and engineering, material advisory, diagnostics and testing to printing and post production.
3MF got Proprietary novel technology based on data and machine learning that produces faster, cheaper and better AM parts and eco-system services
3MF Production facility is ISO 9001 certified and its One of only 6 manufacturers certified by LR to print metallic parts
3MF is developing intelligent technology and processes to integrate AM printers, software and material to supply end user customers with a range of AM services including diagnostics to identify suitable parts for 3D printing, advanced part design & engineering, part printing in a wide range of
materials, comprehensive AM training and secure part storage.
The Company’s hi-tech facility and engineering teams are based in Singapore and the US. 3MF operating Additive Manufacturing Centre in Singapore is ISO certified (DNV-GL 2015) and is one of only 7 manufacturers globally certified by Lloyds Register to print marine parts.
The centre possesses full suite in-house Design for Additive Manufacturing , optimization, and engineering capabilities
3D Infra achieved sales of $1.4m in 2019 and has existing blue chip clients in the Oil & Gas, Marine, and Defence sectors including
- Exxon
- National Oilwell Varco (NOV)
- Flowserve
- Shell
- Chevron
- Rolls Royce
- Singapore Power
- Singapore Port Authority and
- ST Engineering
3MF part production focuses on production parts in high value materials which creates value for customers in 5 unique areas:
- Reverse engineering obsolete parts to save entire systems and sub-systems
- Printing parts on demand at point of use to reduce storage and transportation costs
- Producing complex parts cheaper and faster than traditional manufacturing
- Reducing waste of expensive materials during manufacturing
- By re-designing parts to improve performance and reduce the cost & time of manufacturing
Peer Group comparison
AL3 A$0.2m FY20 Revenues Mcap 48 mil
TTT A$2.0m FY20 Revenues Mcap 87 mil
3DA A$0.1m FY20 Revenues Mcap 115 mil
3MF A$1.4m FY20 Revenues Mcap ONLY 38 mil.
Conclusion
3MF is a one of the very few revenue making Additive Manufacturing company. Additive Manufacturing sector is still in its infancy. Additive Manufacturing and 3D printing sector is projected to grow $35.6 Billion 2024. 3MF got so many blue-chip clients and It is expected to get many new contracts in the future.
As per the peer group comparison above 3MF is at the cheapest Mcap and it makes more revenues than most of the companies in the sector.
From 190 Mil Shares approximate 110 mil Shares are under escrow management suggesting an extremely tight capital structure
IMO 3MF will open 60 to 80 % higher than IPO price and with new contract wins , It can go to $ 1 and beyond !
I have invested in 3MF IPO for short to medium term horizon
And I am expecting it to do extremely well in short to medium term
Also worth mentioning , though it is sad but Covid situation is very helpful to Additive Manufacturing companies due to a broken supply chain Globally.
GLTAH
Please DYOR
ALL IMO
Cheers
