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Friday 6 November 2026
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VinFast Auto Ltd.
VFS Consumer Cyclical Auto Manufacturers
VinFast Auto Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 98.5% from fiscal 2024.
- Revenue
- +81.6%
- EPS
- +94.3%
- Free cash flow
- −39.5%
- Total debt
- −52.4%
Quarter to June 2026, against a year earlier
3.23
0.09
−2.71%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 1,203 | 1,809 | 3,590 | 4,395 | +72.7% | 126,470,030 | 188,277,674 | 208,483,798 | +3,772.6% | |
| Gross margin, % | — | — | — | — | — | — | — | (46.07) | (57.42) | (45.37) | (58.22) | +0.7 pt | ||||||
| EBT | — | — | — | — | — | (4) | 12 | (2,404) | (3,180) | (3,950) | (4,793) | +476.4% | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | (199.86) | (175.80) | (110.03) | (109.07) | (110.0) pt | ||||||
| Net income | — | 0 | — | — | — | (4) | 12 | (2,408) | (3,179) | (3,964) | (3,617) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 0.52 | 0.77 | 1.53 | 1.88 | n/m | |||||
| Earnings | — | — | — | — | — | (0.84) | 2.84 | (1.04) | (1.36) | (1.65) | (1.51) | +18.4% | ||||||
| Cash flow | — | — | — | — | — | (0.19) | (0.50) | (0.97) | (0.54) | (0.76) | (0.83) | +41.9% | ||||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | (0.43) | (0.29) | (0.38) | (0.41) | n/m | ||||||
| Free cash flow | — | — | — | — | — | (0.19) | (0.50) | (1.41) | (0.83) | (1.14) | (1.24) | +57.1% | ||||||
| Book value | — | — | — | — | — | (4.35) | (2.13) | (1.20) | (1.67) | (1.57) | (1.47) | (22.5%) | ||||||
| Shares, m | — | — | — | — | — | 4 | 4 | 2,311 | 2,338 | 2,339 | 2,339 | +383.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 5.21 | 2.18 | 1.72 | 2.5 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 6.96 | 3.23 | 2.04 | 3.4 | ||||||
| EV/FCF | — | — | — | — | — | — | — | (8.49) | (6.50) | (4.36) | (3.10) | (6.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | (2) | (2,248) | (1,252) | (1,770) | (1,943) | +586.4% | |||||
| Capex | — | — | — | — | — | — | — | (1,004) | (684) | (892) | (951) | (5.7%) | ||||||
| Free cash flow | — | — | — | — | — | (1) | (2) | (3,251) | (1,936) | (2,662) | (2,894) | +660.1% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 0 | (2) | (3,761) | (4,386) | (3,157) | (1,749) | n/m | |||||
| Net debt | — | — | — | — | — | (2) | 0 | 2,797 | 3,157 | 3,798 | 1,405 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | (19) | (9) | (2,766) | (3,900) | (3,678) | (3,447) | +275.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (4.19) | 7.02 | (84.76) | (53.31) | (57.84) | (70.62) | (53.6) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | (3,417.26) | 0.00 | (1,538.70) | 0.00 | (1,538.7) pt | ||||||
| ROE | — | — | — | — | — | 0.00 | (87.14) | 173.34 | 95.26 | 104.41 | 96.86 | +104.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 14,000 | 17,823 | 29,878 | — | +46.1% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.09 | 0.10 | 0.12 | — | +18.2% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026
VinFast Auto Ltd. vs peers in Auto Manufacturers (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| F Ford Motor Company | $50.0B | — (loss-making) | 13.6× | −1.99% (below 0%: shrinking) | −15.82% (below 0%: shrinking) | −40.46% (below 0%: shrinking) | 14.90% | 2.94% | Compare |
| HMC Honda Motor Co., Ltd. | $47.1B | 6.4× | 11.4× | +4.19% (above 0%: growing) | +105.66% (above 0%: growing) | +20.08% (above 0%: growing) | 22.24% | 8.76% | Compare |
| RIVN Rivian Automotive, Inc. | $19.4B | — (loss-making) | — (loss-making) | +38.32% (above 0%: growing) | n/m | −166.98% (below 0%: shrinking) | 8.17% | (40.88%) | Compare |
| STLA Stellantis N.V. | $12.9B | 1.2× | 10.0× | −55.57% (below 0%: shrinking) | n/m | −45.33% (below 0%: shrinking) | 9.10% | (0.55%) | Compare |
| LI Li Auto Inc. Sponsored ADR | $10.2B | — (loss-making) | — (loss-making) | −10.40% (below 0%: shrinking) | n/m | +291.23% (above 0%: growing) | 11.05% | (8.96%) | Compare |
| NIO NIO Inc. | $7.6B | — (loss-making) | — (loss-making) | +78.50% (above 0%: growing) | n/m | +38.68% (above 0%: growing) | 18.38% | (1.08%) | Compare |
| VFS VinFast Auto Ltd. | $7.5B | — (loss-making) | — (loss-making) | +81.56% (above 0%: growing) | n/m | −39.52% (below 0%: shrinking) | (62.79%) | (96.06%) | |
| XPEV XPeng Inc. Sponsored ADR | $7.5B | — (loss-making) | — (loss-making) | +14.07% (above 0%: growing) | n/m | +343.05% (above 0%: growing) | 20.68% | (5.79%) | Compare |
| LCID Lucid Group, Inc. | $1.2B | — (loss-making) | — (loss-making) | +56.24% (above 0%: growing) | n/m | −45.73% (below 0%: shrinking) | (105.27%) | (266.97%) | Compare |
| Median of peers | $11.5B | — | 11.4× | +9.13% | — | −10.19% | 12.98% | (3.43%) |
VinFast Auto Ltd. (VFS) Latest News
27 Oct
19 Oct
16 Oct
6 Oct
23 Sep
VFS metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Altman Z-score