(VFS) VinFast Auto Ordinary Shares - Ratings and Ratios

Exchange: NASDAQ • Country: Vietnam • Currency: USD • Type: Common Stock • ISIN: SGXZ55111462

Electric Suv, E-Scooter, E-Bus, Electric Bike, Battery

EPS (Earnings per Share)

EPS (Earnings per Share) of VFS over the last years for every Quarter: "2020-12": null, "2021-06": 0, "2021-09": 0.16, "2021-12": -0.28, "2022-03": 0.42, "2022-06": 0.06, "2022-09": 0.02, "2022-12": 0.12, "2023-03": null, "2023-06": -0.23, "2023-09": -0.2695, "2023-12": -0.28, "2024-03": -0.26, "2024-06": -0.33, "2024-09": -0.23, "2024-12": -0.54, "2025-03": -0.5173, "2025-06": -0.35, "2025-09": -0.41, "2025-12": 0,

Revenue

Revenue of VFS over the last years for every Quarter: 2020-12: null, 2021-06: null, 2021-09: null, 2021-12: 4850296, 2022-03: 3878396, 2022-06: 3439302, 2022-09: 3182774, 2022-12: 4465119, 2023-03: 1964765, 2023-06: 7941500, 2023-09: 8254306, 2023-12: 7264467, 2024-03: 6525864, 2024-06: 8670238, 2024-09: 12326537, 2024-12: 16496376, 2025-03: 16306376, 2025-06: 16609309, 2025-09: 18014352.367, 2025-12: null,

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 53.7%
Value at Risk 5%th 67.5%
Relative Tail Risk -23.55%
Reward TTM
Sharpe Ratio -0.33
Alpha -28.58
CAGR/Max DD -0.31
Character TTM
Hurst Exponent 0.283
Beta 0.786
Beta Downside 0.746
Drawdowns 3y
Max DD 97.06%
Mean DD 76.04%
Median DD 95.01%

Description: VFS VinFast Auto Ordinary Shares January 07, 2026

VinFast Auto Ltd. (NASDAQ:VFS) designs, manufactures, and sells a range of electric vehicles-including SUVs, a mini-car, a mid-size pickup, a 7-seat MPV, e-buses, e-scooters, and electric bikes-across Vietnam, Canada, and the United States. The firm also provides battery-lease and charging services for its vehicle lineup.

Operating as a subsidiary of Vingroup, VinFast is organized into three segments: Cars, E-Scooters, and E-Bus. Its product portfolio is anchored by the VF e34 compact SUV (the company’s first mass-produced EV) and the upcoming VF 8 and VF 9 models, which together aim to support a projected annual production capacity of roughly 200,000 units by 2025.

Key quantitative signals (as of the latest filings) include a cash burn of about $1.2 billion in the last twelve months, a net-loss margin near 70 % of revenue, and a working-capital deficit that has forced the company to tap the public markets for financing. The firm’s growth outlook is heavily tied to the global EV adoption curve-driven by tightening emissions regulations in the U.S. and Europe, as well as expanding government subsidies in emerging markets.

Sector-level data suggest that EV sales are expected to grow at a CAGR of ~27 % through 2030, but supply-chain bottlenecks (e.g., lithium-ion battery shortages) and the need for scalable charging infrastructure remain material risks for new entrants like VinFast.

For a deeper, data-driven valuation of VinFast and its competitive positioning, you may find the ValueRay analysis worth exploring.

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income: -92402.64b TTM > 0 and > 6% of Revenue
FCF/TA: -0.32 > 0.02 and ΔFCF/TA 7.11 > 1.0
NWC/Revenue: -128.3% < 20% (prev -327.2%; Δ 199.0% < -1%)
CFO/TA -0.20 > 3% & CFO -36858.50b > Net Income -92402.64b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 0.50 > 1.5 & < 3
Outstanding Shares: last quarter (2.34b) vs 12m ago 0.03% < -2%
Gross Margin: -53.00% > 18% (prev -0.46%; Δ -5254 % > 0.5%)
Asset Turnover: 40.26% > 50% (prev 22.92%; Δ 17.34% > 0%)
Interest Coverage Ratio: -2.31 > 6 (EBITDA TTM -34704.80b / Interest Expense TTM 18592.01b)

Altman Z'' -11.91

A: -0.47 (Total Current Assets 87809.93b - Total Current Liabilities 174284.92b) / Total Assets 183183.80b
B: -1.80 (Retained Earnings -329732.86b / Total Assets 183183.80b)
C: -0.26 (EBIT TTM -42937.64b / Avg Total Assets 167495.51b)
D: -1.17 (Book Value of Equity -329732.86b / Total Liabilities 282465.63b)
Altman-Z'' Score: -11.91= D

Beneish M -3.70

DSRI: 0.09 (Receivables 2760.33b/15519.97b, Revenue 67426.41b/34787.11b)
GMI: 1.00 (fallback, negative margins)
AQI: 0.52 (AQ_t 0.04 / AQ_t-1 0.07)
SGI: 1.94 (Revenue 67426.41b / 34787.11b)
TATA: -0.30 (NI -92402.64b - CFO -36858.50b) / TA 183183.80b)
Beneish M-Score: -3.70 = AAA

ValueRay F-Score (Strict, 0-100) 49.12

1. Piotroski: 0.50pt
2. FCF Yield: -16.66%
3. FCF Margin: -86.76%
4. Debt/Equity: -0.97
5. Debt/Ebitda: data missing
6. ROIC - WACC: 36.28%
7. RoE: 54.90%
8. Revenue Trend: 86.26%
9. EPS Trend: -56.96%

What is the price of VFS shares?

As of January 24, 2026, the stock is trading at USD 3.45 with a total of 324,661 shares traded.
Over the past week, the price has changed by -0.86%, over one month by -0.29%, over three months by +7.81% and over the past year by -16.26%.

Is VFS a buy, sell or hold?

VinFast Auto Ordinary Shares has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy VFS.
  • Strong Buy: 3
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the VFS price?

Issuer Target Up/Down from current
Wallstreet Target Price 6.4 84.3%
Analysts Target Price 6.4 84.3%
ValueRay Target Price 2.9 -17.1%

VFS Fundamental Data Overview January 17, 2026

Market Cap VND = 213510.94b (8.14b USD * 26225.0 USD.VND)
P/S = 3.1739
Revenue TTM = 67426.41b VND
EBIT TTM = -42937.64b VND
EBITDA TTM = -34704.80b VND
Long Term Debt = 46844.93b VND (from longTermDebt, last quarter)
Short Term Debt = 33336.92b VND (from shortLongTermDebt, last quarter)
Debt = 146396.47b VND (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 71381.79b VND (from netDebt column, last quarter)
Enterprise Value = 351107.35b VND (213510.94b + Debt 146396.47b - CCE 8800.06b)
Interest Coverage Ratio = -2.31 (Ebit TTM -42937.64b / Interest Expense TTM 18592.01b)
EV/FCF = -6.00x (Enterprise Value 351107.35b / FCF TTM -58499.61b)
FCF Yield = -16.66% (FCF TTM -58499.61b / Enterprise Value 351107.35b)
FCF Margin = -86.76% (FCF TTM -58499.61b / Revenue TTM 67426.41b)
Net Margin = -137.0% (Net Income TTM -92402.64b / Revenue TTM 67426.41b)
Gross Margin = -53.00% ((Revenue TTM 67426.41b - Cost of Revenue TTM 103161.52b) / Revenue TTM)
Gross Margin QoQ = -56.17% (prev -41.09%)
Tobins Q-Ratio = 1.92 (Enterprise Value 351107.35b / Total Assets 183183.80b)
Interest Expense / Debt = 4.08% (Interest Expense 5967.04b / Debt 146396.47b)
Taxrate = 21.0% (US default 21%)
NOPAT = -33920.74b (EBIT -42937.64b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.50 (Total Current Assets 87809.93b / Total Current Liabilities 174284.92b)
Debt / Equity = -0.97 (negative equity) (Debt 146396.47b / totalStockholderEquity, last quarter -150915.05b)
Debt / EBITDA = -2.06 (negative EBITDA) (Net Debt 71381.79b / EBITDA -34704.80b)
Debt / FCF = -1.22 (negative FCF - burning cash) (Net Debt 71381.79b / FCF TTM -58499.61b)
Total Stockholder Equity = -168319.14b (last 4 quarters mean from totalStockholderEquity)
RoA = -55.17% (Net Income -92402.64b / Total Assets 183183.80b)
RoE = 54.90% (negative equity) (Net Income TTM -92402.64b / Total Stockholder Equity -168319.14b)
RoCE = 35.35% (negative capital employed) (EBIT -42937.64b / Capital Employed (Equity -168319.14b + L.T.Debt 46844.93b))
RoIC = 42.82% (negative operating profit) (NOPAT -33920.74b / Invested Capital -79216.59b)
WACC = 6.54% (E(213510.94b)/V(359907.42b) * Re(8.81%) + D(146396.47b)/V(359907.42b) * Rd(4.08%) * (1-Tc(0.21)))
Discount Rate = 8.81% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.03%
Fair Price DCF = unknown (Cash Flow -58499.61b)
EPS Correlation: -56.96 | EPS CAGR: 19.88% | SUE: 3.11 | # QB: 1
Revenue Correlation: 86.26 | Revenue CAGR: 41.89% | SUE: -0.48 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.25 | Chg30d=+0.001 | Revisions Net=-2 | Analysts=4
EPS next Year (2026-12-31): EPS=-0.89 | Chg30d=+0.033 | Revisions Net=+1 | Growth EPS=+35.9% | Growth Revenue=+54.0%

Additional Sources for VFS Stock

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