Overview Dividends

(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, Battery

VFS EPS (Earnings per Share)

EPS Growth (3Y CAGR): -1.25%
EPS Trend (3Y Correlation): -48.2%

VFS Revenue

Revenue Growth (3Y CAGR): 82.36%
Revenue Trend (3Y Correlation): 88.7%

Risk via 10d forecast
Volatility	55.2%
Value at Risk 5%th	74.2%
Relative Tail Risk	-18.32%

Reward TTM
Sharpe Ratio	-0.18
Alpha	-25.63

Character TTM
Hurst Exponent	0.205
Beta	0.858
Beta Downside	0.780

Drawdowns 3y
Max DD	97.06%
Mean DD	92.47%
Median DD	95.25%

Description: VFS VinFast Auto Ordinary Shares November 04, 2025

VinFast Auto Ltd. (NASDAQ:VFS) designs, manufactures, and sells a diversified lineup of electric vehicles-including SUVs, a mini-car EV, a mid-size electric 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, operating through three segments: Cars, E-Scooters, and E-Bus, and is a subsidiary of Vingroup Joint Stock Company headquartered in Hai Phong, Vietnam.

Recent data (Q3 2024) show VinFast’s production capacity at its North Carolina plant targeting 200,000 units annually, while its 2023 revenue reached approximately $1.2 billion with a cash burn of $1.5 billion, reflecting heavy upfront investment. The company’s battery supply chain is anchored by a joint venture with LG Energy Solution, securing a projected 120 GWh of battery capacity through 2027-a critical driver given the global EV market’s expected CAGR of ~27% through 2030. Additionally, Vietnam’s 2024 fiscal policy introduced a 10% EV purchase incentive and tax breaks for local battery manufacturers, which could improve VinFast’s cost structure and domestic demand outlook.

For a deeper, data-driven valuation of VFS, the ValueRay platform offers granular financial models and scenario analysis you may find useful.

VFS Stock Overview

Market Cap in USD	7,858m
Sub-Industry	Automobile Manufacturers
IPO / Inception	2021-09-07
Return 12m vs S&P 500	-22.6%
Analyst Rating	4.50 of 5

VFS Dividends

Currently no dividends paid

VFS Growth Ratios

CAGR 3y	-38.81%
CAGR/Max DD Calmar Ratio	-0.40
CAGR/Mean DD Pain Ratio	-0.42
Current Volume	367.2k
Average Volume	474.7k

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income (-81790.73b TTM) > 0 and > 6% of Revenue (6% = 3704.32b TTM)

FCFTA -0.30 (>2.0%) and ΔFCFTA 18.99pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -159.4% (prev -351.9%; Δ 192.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.20 (>3.0%) and CFO -36865.21b > Net Income -81790.73b (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 0.47 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (2.34b) change vs 12m ago 0.02% (target <= -2.0% for YES)

Gross Margin -46.28% (prev -48.14%; Δ 1.86pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 37.34% (prev 21.07%; Δ 16.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -2.01 (EBITDA TTM -27298.29b / Interest Expense TTM 17616.81b) >= 6 (WARN >= 3)

Altman Z'' -11.60

(A) -0.54 = (Total Current Assets 86047.88b - Total Current Liabilities 184442.31b) / Total Assets 181463.73b

(B) -1.69 = Retained Earnings (Balance) -305780.05b / Total Assets 181463.73b

warn (B) unusual magnitude: -1.69 — check mapping/units

(D) -1.05 = Book Value of Equity -296640.38b / Total Liabilities 281695.67b

Total Rating: -11.60 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 47.24

1. Piotroski 0.50pt = -4.50

2. FCF Yield -20.15% = -5.0

3. FCF Margin -89.23% = -7.50

4. Debt/Equity -0.46 = -2.50

5. Debt/Ebitda -2.52 = -2.50

6. ROIC - WACC (= 32.70)% = 12.50

7. RoE 47.10% = 2.50

8. Rev. Trend 88.71% = 6.65

9. EPS Trend -48.19% = -2.41

What is the price of VFS shares?

As of November 16, 2025, the stock is trading at USD 3.46 with a total of 367,194 shares traded.
Over the past week, the price has changed by +0.87%, over one month by +5.81%, over three months by +0.00% and over the past year by -11.28%.

Is VinFast Auto Ordinary Shares a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, VinFast Auto Ordinary Shares (NASDAQ:VFS) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 47.24 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VFS is around 2.70 USD . This means that VFS is currently overvalued and has a potential downside of -21.97%.

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	5.8	68.5%
Analysts Target Price	5.8	68.5%
ValueRay Target Price	3	-13%

VFS Fundamental Data Overview November 15, 2025

Market Cap VND = 207084.83b (7.86b USD * 26352.0 USD.VND)
P/S = 0.0001
Beta = 1.123
Revenue TTM = 61738.60b VND
EBIT TTM = -35458.50b VND
EBITDA TTM = -27298.29b VND
Long Term Debt = 43440.66b VND (from longTermDebt, last quarter)
Short Term Debt = 32763.85b VND (from shortTermDebt, last quarter)
Debt = 82616.77b VND (from shortLongTermDebtTotal, last quarter)
Net Debt = 68844.19b VND (from netDebt column, last quarter)
Enterprise Value = 273417.14b VND (207084.83b + Debt 82616.77b - CCE 16284.47b)
Interest Coverage Ratio = -2.01 (Ebit TTM -35458.50b / Interest Expense TTM 17616.81b)
FCF Yield = -20.15% (FCF TTM -55090.24b / Enterprise Value 273417.14b)
FCF Margin = -89.23% (FCF TTM -55090.24b / Revenue TTM 61738.60b)
Net Margin = -132.5% (Net Income TTM -81790.73b / Revenue TTM 61738.60b)
Gross Margin = -46.28% ((Revenue TTM 61738.60b - Cost of Revenue TTM 90312.26b) / Revenue TTM)
Gross Margin QoQ = -41.09% (prev -35.18%)
Tobins Q-Ratio = 1.51 (Enterprise Value 273417.14b / Total Assets 181463.73b)
Interest Expense / Debt = 6.76% (Interest Expense 5581.35b / Debt 82616.77b)
Taxrate = -1.16% (negative due to tax credits) (233.68b / -20107.93b)
NOPAT = -35870.57b (EBIT -35458.50b * (1 - -1.16%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 0.47 (Total Current Assets 86047.88b / Total Current Liabilities 184442.31b)
Debt / Equity = -0.46 (negative equity) (Debt 82616.77b / totalStockholderEquity, last quarter -179991.39b)
Debt / EBITDA = -2.52 (negative EBITDA) (Net Debt 68844.19b / EBITDA -27298.29b)
Debt / FCF = -1.25 (negative FCF - burning cash) (Net Debt 68844.19b / FCF TTM -55090.24b)
Total Stockholder Equity = -173666.38b (last 4 quarters mean from totalStockholderEquity)
RoA = -45.07% (Net Income -81790.73b / Total Assets 181463.73b)
RoE = 47.10% (negative equity) (Net Income TTM -81790.73b / Total Stockholder Equity -173666.38b)
RoCE = 27.23% (negative capital employed) (EBIT -35458.50b / Capital Employed (Equity -173666.38b + L.T.Debt 43440.66b))
RoIC = 41.21% (negative operating profit) (NOPAT -35870.57b / Invested Capital -87048.92b)
WACC = 8.50% (E(207084.83b)/V(289701.61b) * Re(9.17%) + D(82616.77b)/V(289701.61b) * Rd(6.76%) * (1-Tc(-0.01)))
Discount Rate = 9.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.02%
Fair Price DCF = unknown (Cash Flow -55090.24b)
EPS Correlation: -48.19 | EPS CAGR: -1.25% | SUE: 2.15 | # QB: 1
Revenue Correlation: 88.71 | Revenue CAGR: 82.36% | SUE: -0.05 | # QB: 0

Additional Sources for VFS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle