VinFast Auto (VFS) AI Stock Analysis

• Market Cap: $7.55B
• Dividend Yield: N/A
• Average Volume (3M): 646.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: 74.91%
• EPS Growth: -43.10%
• Country: US
• Employees: 17,800
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.41
• Shares Outstanding: 2,338,812,700
• 10 Day Avg. Volume: 748,186
• 30 Day Avg. Volume: 646,731
• PEG Ratio: -0.09
• Price to Book (P/B): -1.46
• Price to Sales (P/S): 5.45
• P/FCF Ratio: -5.09
• Enterprise Value/Market Cap: 1.75
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: >-0.01
• Enterprise Value/Ebitda: >-0.01
• 1Y Price Target: $5.83
• Price Target Upside: 77.74% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): -1.2
• Revenue Forecast (FY): $3.13B

• Rating: 45 Neutral
• Price Target: $3.00 ▼(-8.54% Downside)

VinFast Auto's overall stock score is primarily impacted by its weak financial performance and valuation concerns. While there is growth in sales and international expansion, the company's financial instability and negative profitability weigh heavily on its attractiveness. Technical indicators provide mixed signals, further contributing to a cautious outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market penetration and product demand, supporting long-term business expansion and stability.

International Expansion

Successful international expansion enhances market reach and diversifies revenue streams, which is crucial for long-term growth and competitiveness.

R&D Investment

Continued R&D investment strengthens competitive positioning by fostering innovation and improving product offerings, vital for sustaining growth in the EV sector.

Negative Factors

Negative Gross Margin

Persistent negative gross margins indicate cost management issues, which can undermine profitability and financial health in the long term.

High Operating Expenses

Rising operating expenses can erode profit margins and strain financial resources, challenging the company's ability to achieve sustainable profitability.

Financial Instability

Ongoing financial instability poses significant risks to the company's ability to fund operations and invest in growth, threatening long-term viability.

VinFast Auto Business Overview & Revenue Model

Company Description

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: namely Car, E-scooters and Ebus. It offers the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for cars, e-scooters, and Ebus. The company also offers electric SUV, mini car EV, mid-size pickup electric truck, 7-seater MPV, E-bus, E-scooter, electric bike, and battery technology and solutions. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. VinFast Auto Ltd. operates as a subsidiary of Vingroup Joint Stock Company.

How the Company Makes Money

VinFast generates revenue primarily through the sale of electric vehicles, which includes the direct sales of its EV models to consumers and businesses. Additionally, the company may earn revenue through leasing and financing options for customers purchasing their vehicles. VinFast also explores partnerships with technology firms and suppliers to enhance its EV offerings and may generate income through ancillary services such as charging infrastructure and maintenance services. Furthermore, as the company expands into international markets, it anticipates revenue growth from exports and strategic alliances that enhance its market reach.

VinFast Auto Financial Statement Overview

Summary

VinFast Auto is facing substantial financial challenges, with negative gross and net profit margins, high leverage, and persistent negative cash flows. Despite revenue growth, the company's financial health is weak, posing significant risks to sustainable profitability.

Income Statement

VinFast Auto's income statement reveals significant challenges. The company has consistently reported negative gross and net profit margins, indicating that it is not currently profitable. Although there is a positive revenue growth trend, the margins remain deeply negative, suggesting that costs are outpacing revenue growth. The EBIT and EBITDA margins are also negative, highlighting operational inefficiencies.

Balance Sheet

The balance sheet shows a concerning financial structure with negative stockholders' equity, indicating that liabilities exceed assets. The debt-to-equity ratio is negative, reflecting high leverage and financial risk. However, the company has shown some return on equity, albeit in a negative equity context, which is unusual and suggests potential accounting anomalies or extraordinary items.

Cash Flow

Cash flow analysis indicates persistent negative operating and free cash flows, which is a significant concern for sustainability. The free cash flow to net income ratio is positive, suggesting that cash flow is somewhat aligned with reported losses. However, the negative operating cash flow coverage ratio indicates that the company is not generating enough cash from operations to cover its net income losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	61.74T	44.02T	27.88T	13.93T	16.03T	13.69T
Gross Profit	-28.57T	-25.28T	-13.71T	-13.05T	-9.26T	-6.70T
EBITDA	-45.06T	-44.19T	-34.38T	-37.36T	-18.17T	-10.86T
Net Income	-81.79T	-77.27T	-60.17T	-52.89T	-32.18T	-18.95T
Balance Sheet
Total Assets	10.00T>	10.00T>	10.00T>	10.00T>	85.32T	92.91T
Cash, Cash Equivalents and Short-Term Investments	16.28T	4.13T	4.10T	4.28T	3.03T	828.75B
Total Debt	82.62T	10.00T>	10.00T>	68.50T	75.75T	54.29T
Total Liabilities	10.00T>	10.00T>	10.00T>	10.00T>	10.00T>	86.73T
Stockholders Equity	-10.00T>	-10.00T>	-10.00T>	-10.00T>	-76.93T	6.15T
Cash Flow
Free Cash Flow	-55.09T	-47.16T	-78.60T	-71.21T	-34.98T	-19.02T
Operating Cash Flow	-36.87T	-30.47T	-53.65T	-47.87T	-28.97T	-9.35T
Investing Cash Flow	-17.66T	-16.03T	-23.02T	-21.12T	2.42T	-1.84T
Financing Cash Flow	68.62T	49.00T	77.42T	70.32T	28.86T	10.45T

VinFast Auto Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VFS, the sentiment is Negative. The current price of 3.28 is below the 20-day moving average (MA) of 3.36, below the 50-day MA of 3.30, and below the 200-day MA of 3.40, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.94 is Neutral, neither overbought nor oversold. The STOCH value of 27.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VFS.

VinFast Auto Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LI	60 Neutral	$18.81B	30.77	6.55%	―	-10.13%	-54.96%
RIVN	53 Neutral	$19.84B	―	-65.28%	―	28.21%	44.43%
XPEV	50 Neutral	$20.11B	―	-9.01%	―	86.57%	51.35%
VFS	45 Neutral	$7.55B	―	―	―	74.91%	-43.10%
NIO	45 Neutral	$11.81B	―	-299.19%	―	16.01%	1.15%
LCID	43 Neutral	$4.34B	―	-61.12%	―	45.86%	22.13%

VinFast Auto Corporate Events

VinFast Reports Strong Q3 2025 Financial Results and Strategic Expansion

VinFast Auto Ltd. reported its unaudited financial results for the third quarter of 2025, highlighting significant growth in both revenue and vehicle deliveries. The company achieved a 46.8% year-over-year increase in total revenues, reaching VND18,100.2 billion, and delivered 38,195 EVs, marking a 74% increase from the previous year. VinFast also announced the appointment of a new board member and introduced three distinct brands to cater to different market segments. The company expanded its global presence with new showrooms and strategic partnerships across various regions, reinforcing its leadership in the Vietnamese market and strengthening its position in India, Indonesia, and beyond.

VinFast Achieves Record EV Deliveries in Vietnam for October 2025

In October 2025, VinFast Auto Ltd. achieved a significant milestone by delivering over 20,000 electric vehicles in Vietnam, marking the first time a Vietnamese automaker has reached such a monthly delivery figure. This achievement underscores VinFast’s leadership in the domestic EV market. The VF 3 model was the best-selling vehicle for the month, followed by the VF 5 and Limo Green models. Cumulatively, VinFast delivered 124,264 EVs in the first ten months of 2025, highlighting its strong market presence and operational success.

VinFast Reports Strong Q3 2025 EV and E-Scooter Deliveries

On October 22, 2025, VinFast announced its global deliveries for the third quarter of 2025, reporting a 7% increase quarter-over-quarter and a 74% increase year-over-year with 38,195 electric vehicles delivered. The VF 3 and VF 5 models were the top sellers, contributing significantly to the total deliveries. Additionally, VinFast delivered 120,052 e-scooters and e-bikes in 3Q25, marking a substantial 73% increase quarter-over-quarter and a 535% increase year-over-year. The company will release its financial results for the third quarter of 2025 on November 21, 2025, followed by a live webcast to discuss its business performance and strategy.

VinFast Achieves Record EV Deliveries in Vietnam

VinFast Auto Ltd. announced record domestic deliveries of 103,884 electric vehicles in Vietnam for the first nine months of 2025, marking a significant milestone as the first automaker in the country to surpass 100,000 deliveries in this period. This achievement underscores VinFast’s market leadership and growth momentum, with the VF 5 model being the best-seller in September 2025, followed by the VF 3 and Herio Green models.

VinFast Auto Reports Strong Financial Growth in First Half of 2025

VinFast Auto Ltd. announced its unaudited financial results for the six-month period ending June 30, 2025. The company reported significant growth in its cash and cash equivalents, which increased from VND 3,306,793 million to VND 13,772,585 million. This financial update reflects VinFast’s ongoing efforts to strengthen its financial position and expand its operations in the competitive electric vehicle market.

VinFast Maintains Leadership with Steady EV Deliveries in August 2025

VinFast Auto Ltd. announced on September 12, 2025, that it delivered 10,922 electric vehicles in Vietnam in August 2025, maintaining a steady monthly delivery rate of around 11,000 EVs. This consistent performance has reinforced VinFast’s position as the leading car manufacturer in Vietnam by vehicle deliveries. The VF 5 was the best-selling model in August, with 2,745 units delivered, followed by the VF 3 and Herio Green. Since the start of 2025, the VF 3 and VF 5 have been the top-selling models with cumulative deliveries of 28,704 and 27,109 vehicles, respectively.

VinFast Reports Q2 2025 Financial Results and Expands Global Operations

VinFast Auto Ltd. announced its unaudited financial results for the second quarter of 2025, reporting revenues of VND16,609.3 billion (US$663.0 million) and EV deliveries of 35,837 units. The company showed significant growth in EV and e-scooter deliveries year-over-year, despite a net loss of VND20,341.6 billion (US$812.0 million). The inauguration of the Ha Tinh plant in June 2025, with a capacity of 200,000 vehicles annually, is expected to enhance the company’s supply chain and localization efforts. Additionally, VinFast expanded its presence in international markets, including India, Indonesia, and North America, with new dealerships and production facilities, indicating a strategic push towards global market penetration.

VinFast Reports Q2 2025 Financial Results and Expands Global Operations

VinFast Auto Ltd. announced its unaudited financial results for the second quarter of 2025, reporting revenues of VND16,609.3 billion (US$663.0 million) and EV deliveries of 35,837 units. The company saw a significant year-over-year increase in both EV and e-scooter deliveries, with a 172% and 432% rise, respectively. Despite these gains, VinFast reported a net loss of VND20,341.6 billion (US$812.0 million) for the quarter. The company inaugurated a new EV plant in Ha Tinh in June 2025, which is expected to enhance local production capabilities and attract auxiliary partners. Additionally, VinFast made strategic expansions in overseas markets, including India, Indonesia, and North America, with new dealership agreements and the opening of showrooms. The company also launched new models and advanced its next-generation platforms, indicating a focus on innovation and market expansion.