VinFast Auto (VFS) AI Stock Analysis

• Market Cap: $7.34B
• Dividend Yield: N/A
• Average Volume (3M): 570.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: 79.49%
• EPS Growth: -22.72%
• Country: US
• Employees: 17,800
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): N/A
• Shares Outstanding: 2,338,812,700
• 10 Day Avg. Volume: 599,431
• 30 Day Avg. Volume: 570,205
• PEG Ratio: -0.12
• Price to Book (P/B): -1.46
• Price to Sales (P/S): 5.45
• P/FCF Ratio: -5.09
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $5.75
• Price Target Upside: 75.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $3.00 ▼(-8.54% Downside)

VinFast Auto's overall stock score is primarily impacted by its weak financial performance and challenging valuation. While technical analysis shows a neutral trend, the company's financial instability and lack of profitability weigh heavily on the score. Despite positive growth indicators from the earnings call, significant risks remain.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for VinFast's products and successful market expansion, supporting long-term business sustainability.

International Expansion

Expanding into international markets diversifies revenue streams and enhances global brand presence, crucial for long-term growth.

Strategic Spin-Off

The spin-off strengthens financial resources, allowing VinFast to focus on core operations and invest in future growth initiatives.

Negative Factors

Negative Gross Margin

Persistent negative gross margins indicate cost inefficiencies, which could hinder profitability and long-term financial health.

High Cash Burn

High cash burn rates strain financial resources, potentially limiting the company's ability to fund operations and growth initiatives.

Financial Instability

Financial instability, marked by high leverage and negative cash flows, poses risks to operational sustainability and limits strategic flexibility.

VinFast Auto Business Overview & Revenue Model

Company Description

VinFast Auto (VFS) is a Vietnamese automotive manufacturer specializing in electric vehicles (EVs) and sustainable transportation solutions. Founded in 2017, the company aims to leverage advanced technology to deliver innovative and affordable electric cars, contributing to the global transition towards greener mobility. VinFast operates primarily in the automotive sector, focusing on the production and sale of a range of electric vehicles, including SUVs and sedans, and is expanding its footprint in international markets.

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 significant financial challenges across all key areas. The income statement reveals persistent losses, the balance sheet is burdened with high debt and negative equity, and cash flow from operations is consistently negative. These factors combined suggest a company struggling to achieve financial sustainability, with critical attention needed on cost management and operational efficiency improvements.

Income Statement

VinFast Auto's income statement shows significant challenges, with negative gross and net profit margins indicating a lack of profitability. The company has been unable to generate a positive gross profit, and net losses have increased over the periods. Revenue growth is apparent, but it is overshadowed by widening losses, signaling inefficiencies and cost management issues.

Balance Sheet

The balance sheet highlights high financial risk, with negative stockholders' equity indicating insolvency. The debt-to-equity ratio is concerningly high due to substantial debt levels, which could limit future financing options. The equity ratio is negative, raising alarms about the company's financial stability and sustainability.

Cash Flow

VinFast Auto's cash flow statement reflects ongoing cash flow challenges, with negative operating and free cash flows. Despite the availability of financing cash flows, the inability to generate positive operating cash flow is a major concern. The free cash flow to net income ratio is negative, indicating that the company is not generating any surplus cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	61.74T	44.02T	27.88T	14.97T	16.03T	13.69T
Gross Profit	-28.57T	-25.28T	-13.35T	-12.27T	-9.26T	-6.70T
EBITDA	-53.35T	-51.85T	-42.07T	-35.05T	-22.87T	-9.50T
Net Income	-81.79T	-77.27T	-57.35T	-49.78T	-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	-53.31T	-34.98T	-19.02T
Operating Cash Flow	-36.87T	-30.47T	-53.65T	-35.63T	-28.97T	-9.35T
Investing Cash Flow	-17.66T	-16.03T	-23.02T	-16.04T	2.42T	-1.84T
Financing Cash Flow	68.62T	49.00T	77.42T	52.95T	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: Positive

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 above the 20-day moving average (MA) of 3.26, above the 50-day MA of 3.27, and below the 200-day MA of 3.44, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.24 is Neutral, neither overbought nor oversold. The STOCH value of 10.06 is Positive, 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
LI	65 Neutral	$20.19B	18.81	11.91%	―	7.49%	-21.06%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
XPEV	58 Neutral	$21.79B	―	-13.34%	―	66.53%	48.17%
NIO	51 Neutral	$15.16B	―	-329.46%	―	9.60%	-5.91%
RIVN	47 Neutral	$15.17B	―	-54.42%	―	2.73%	45.63%
VFS	43 Neutral	$7.34B	-2.28	―	―	79.49%	-22.72%
LCID	42 Neutral	$5.03B	―	-54.39%	―	39.01%	7.12%

VinFast Auto Corporate Events

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.

VinFast Announces Strategic Spin-Off and Restructuring

On August 14, 2025, VinFast Auto Ltd. announced a strategic restructuring plan involving the spin-off of certain assets into a new entity, Novatech Research and Development Joint Stock Company, which will be transferred to the company’s founder and CEO, Mr. Pham Nhat Vuong. This move aims to support VinFast’s long-term growth by allowing it to focus on its core electric vehicle manufacturing business while maintaining control over essential intellectual property through leasing agreements. The restructuring also involves amendments to share exchange agreements with Vingroup, facilitating the spin-off and ensuring the company’s continued operational efficiency.

VinFast Delivers 11,479 EVs in Vietnam in July 2025

In July 2025, VinFast Auto Ltd. delivered 11,479 electric vehicles in Vietnam, maintaining its status as the leading car manufacturer in the country. The VF 3 model was the best-selling vehicle for the month. From January to July 2025, the company delivered a total of 79,048 EVs, with the VF 3 and VF 5 models being the top sellers. The company began deliveries of the Limo Green model in August 2025, further expanding its product lineup.