1. PRESENTED BY:

2. INTRODUCTION AND
OVERVIEW OF THE
COMPANIES

3. Leaders in the provision of 3D content-to-print solutions:
• 3D printing, print materials, on demand custom part services,
3D authoring for consumers
• Rank 4th on Forbes ‘Fastest growing Tech Companies’ for
2013
• 46% sales growth from previous year
• 30% EPS growth annually

4. Provider of storage systems and data
management solutions predominantly for
Information Technology Infrastructures
• 28% increase in profit (
• Initiation of a quarterly dividend of $0.15 per share
• Current share prices is $39.39 (October 25th 2013)

6. 3D SYSTEM: 3D PRINTER INDUSTRY

7. NETAPP: ENTERPRISE STORAGE INDUSTRY

8. Equity
Valuation
Model
DFC
RI

9. FUTURE CASH FLOW TO EQUITY MODELS
(FCFE)
•
‘ T W O S TAG E F C F E M O D E L’ , TA I L O R E D T O A
C O M PA N Y T H AT I S E X P E C T E D TO I N I T I A L LY
G R O W M U C H FA S T E R T H A N A S TA B L E F I R M
B E F O R E T R A N S I T I O N I N G T O A S TA B L E R AT E
 3D Systems
•
‘ C O N S TAN T G R O W T H F C F E M O D E L’ ,
TA I L O R E D T O A C O M PA N Y T H AT I S
P R E S U M E D T O B E I N A S T E A D Y S TAT E O F
GROWTH
 NetApp

10. NETAPP

11. 3D SYSTEM

13. 3D SYSTEM

14. NETAPP