VinFast Auto ( (VFS) ) just unveiled an update.
VinFast Auto Ltd. reported its unaudited financial results for the fourth quarter and full year of 2024, showing substantial growth in electric vehicle deliveries and revenues compared to the previous year. The company delivered 97,399 EVs in 2024, a 192% increase from 2023, with the majority sold in Vietnam. Despite the revenue growth, VinFast faced significant financial losses, with a net loss of VND77,354.9 billion for the year, reflecting challenges in achieving profitability. The company also announced the launch of a new ‘Green’ series of vehicles aimed at transportation services and the phasing out of its battery-leasing model in response to changing consumer preferences.
Spark’s Take on VFS Stock
According to Spark, TipRanks’ AI Analyst, VFS is a Underperform.
VinFast Auto’s stock score reflects its financial struggles with unprofitability, high debt, and negative cash flows. Technical indicators suggest a bearish trend, and valuation metrics highlight risks due to negative earnings. The earnings call presented positive growth in EV deliveries and strategic investments, but challenges such as negative margins and cash flow concerns persist, weighing down the overall score.
To see Spark’s full report on VFS stock, click here.
More about VinFast Auto
VinFast Auto Ltd. is a pure-play electric vehicle manufacturer based in Vietnam, focusing on making electric vehicles accessible to everyone. The company is involved in the production and sale of electric vehicles and e-scooters, with a significant presence in the Vietnamese market and a growing global footprint.
YTD Price Performance: -23.10%
Average Trading Volume: 554,467
Technical Sentiment Signal: Buy
Current Market Cap: $7.37B
For an in-depth examination of VFS stock, go to TipRanks’ Stock Analysis page.