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

Automobile Manufacturers
Market Cap in USD: 7,861m
IPO / Inception: 2021-09-07
Return 12m vs S&P 500: -42.5%

Dividends

Currently no dividends paid
Risk via 10d forecast
Volatility 53.5%
Value at Risk 5%th 73.1%
Relative Tail Risk -17.03%
Reward TTM
Sharpe Ratio -0.80
Alpha -43.85
CAGR/Max DD -0.41
Character TTM
Hurst Exponent 0.452
Beta 0.797
Beta Downside 0.797
Drawdowns 3y
Max DD 97.06%
Mean DD 92.57%
Median DD 95.28%

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.

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income (-92402.64b TTM) > 0 and > 6% of Revenue (6% = 4045.58b TTM)
FCFTA -0.32 (>2.0%) and ΔFCFTA 7.11pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -128.3% (prev -327.2%; Δ 199.0pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.20 (>3.0%) and CFO -36858.50b > Net Income -92402.64b (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 0.50 (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 0.03% (target <= -2.0% for YES)
Gross Margin -53.00% (prev -45.54%; Δ -7.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 40.26% (prev 22.92%; Δ 17.34pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -2.31 (EBITDA TTM -34704.80b / Interest Expense TTM 18592.01b) >= 6 (WARN >= 3)

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 (Balance) -329732.86b / Total Assets 183183.80b
warn (B) unusual magnitude: -1.80 — check mapping/units
(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
Total Rating: -11.91 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 45.60

1. Piotroski 0.50pt
2. FCF Yield -16.97%
3. FCF Margin -86.76%
4. Debt/Equity -0.97
5. Debt/Ebitda -2.06
6. ROIC - WACC (= 47.65)%
7. RoE 54.90%
8. Rev. Trend 86.26%
9. EPS Trend -77.35%

What is the price of VFS shares?

As of December 10, 2025, the stock is trading at USD 3.27 with a total of 544,585 shares traded.
Over the past week, the price has changed by -2.39%, over one month by -7.37%, over three months by -0.91% and over the past year by -34.21%.

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 78.3%
Analysts Target Price 5.8 78.3%
ValueRay Target Price 2.8 -15.9%

VFS Fundamental Data Overview December 05, 2025

Market Cap VND = 207209.69b (7.86b USD * 26360.0 USD.VND)
P/S = 0.0001
Beta = 1.123
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 = 344806.10b VND (207209.69b + Debt 146396.47b - CCE 8800.06b)
Interest Coverage Ratio = -2.31 (Ebit TTM -42937.64b / Interest Expense TTM 18592.01b)
FCF Yield = -16.97% (FCF TTM -58499.61b / Enterprise Value 344806.10b)
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 = 1.88 (Enterprise Value 344806.10b / Total Assets 183183.80b)
Interest Expense / Debt = 4.08% (Interest Expense 5967.04b / Debt 146396.47b)
Taxrate = -0.73% (negative due to tax credits) (172.75b / -23724.44b)
NOPAT = -43250.29b (EBIT -42937.64b * (1 - -0.73%)) [loss with tax shield] [negative tax rate / tax credits]
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 = -50.44% (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 = 54.60% (negative operating profit) (NOPAT -43250.29b / Invested Capital -79216.59b)
WACC = 6.94% (E(207209.69b)/V(353606.16b) * Re(8.95%) + D(146396.47b)/V(353606.16b) * Rd(4.08%) * (1-Tc(-0.01)))
Discount Rate = 8.95% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.03%
Fair Price DCF = unknown (Cash Flow -58499.61b)
EPS Correlation: -77.35 | EPS CAGR: -33.51% | SUE: -1.25 | # QB: 0
Revenue Correlation: 86.26 | Revenue CAGR: 41.89% | SUE: -0.48 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.25 | Chg30d=-0.008 | Revisions Net=-2 | Analysts=3
EPS next Year (2026-12-31): EPS=-0.93 | Chg30d=-0.043 | Revisions Net=-2 | Growth EPS=+33.3% | Growth Revenue=+43.2%

Additional Sources for VFS Stock

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