According to the same source, Stratasys total book value of property, plant and equipment as of December 31, 2012 is worth $91 Million, versus $62 Million in 2012. The following table provides further detail. The numbers are expressed in thousands and represent the value of asset before depreciation.
Property, Plant and Equipment 2013 2012
Machinery and equipment $58,443 $45,034
Buildings and improvements $34,820 $22,501
Computer equipment and software $31,103 $19,873
Office equipment $4,324 $3,785
Furniture and fixtures $5,606 $5,019
Land $12,906 $8,772
Total $147,202 $104,984
In addition to the two headquarters, Stratasys has 12 regional offices and a worldwide network of 280 agents and resellers located in the US, Germany, Italy, Brazil, China, Hong Kong, and Israel, through which the company sells its products and services to different markets, with the main focus on North America, Asia Pacific, and the EU (p. 28).
Financial: Moderately Strong
At the end of fiscal year 2013, Stratasys total assets were worth more than $2,800 Million, with a total equity of approximately $2,500 Million. Although the operating income and net income were negative, the company’s total cash and cash equivalents was of $414 Million presented in its balance sheet after it purchased Objet, versus $133 Million at the fiscal year ending 2012 (USSEC, 2013, March, p. F-5). According to Morningstar (2014, May 2), the growth rate of Stratasys is B, while its profitability is D, which gives Stratasys a medium financial strength. Nevertheless, Credit Suisse gave a good rating to Stratasys because it believes that the company had organic growth and that its market share and leadership will exceed analysts’ expectations. Credit Suisse’s financial analyst Jona...
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...tratasys does not have a stated mission or vision statement; however, in its investor relations blog, Stratasys defines its corporation and mission as fellows: “We are passionate believers in the value and power of 3D printing, and in the change it can bring to the world. We create the systems, materials and communities that make 3D printing essential for manufacturers, empowering for designers and educators, and inspiring for makers” (Stratasys, 2014).
b. Leadership
After Stratasys acquired MakerBot and Objet, the leadership and management team of Stratasys became stronger by adding to it the management team of these two acquired companies. Stratasys’ website provides all information about who the management and board members, their biography and their responsibilities. According to USSEC (2013, March) the current directors and senior management are the following:
From 2010 to 2011 there has been a 23.8% increase in gross fixed assets value. The raised funds through long term debts would have been used to enhance assets base of Speedster. This is a very positive sigh of future profitability and capacity of the company. Higher assets should be able to generate more cash inflow...
A number of key concerns about the financial health and management of SCI present themselves in the data outlined above. Though the main concerns tie to a unique requirement of the funeral service industry, mainly the purchase and holding of long term assets such as land and buildings. This may explain the poor numbers relating to the lack of liquidity (Current/Quick Ratios), as well as the low return on invested capital.
After conducting a basic 10 year financial analysis of the company, it has become evident that even with a highly competitive market structure they are able to improve on their performance. Ranging from 2004 to 2013 financial information, the company has shown a significant increase in their sales revenue roughly $3865 million sales in 2004 to almost four time that valuing $12970 million in 2013, which was an “increase of 10.4% over the 53 week prior year” The company’s growth strategy has been to diversify its product market and make them...
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The table below shows all the various locations of offices for company around the world.
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