Saturday 17 October 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. In the quarter to March 2026, revenue grew 40.2%, EPS fell 60.0%, free cash flow grew 3.73% and total debt rose 37.7%, each against the same quarter a year earlier.
3.12
0.09
−2.80%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 9.61 | 9.39 | 4.59 | 2.26 | 2.56 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 9.98 | 10.02 | 93.00 | 8.05 | 4.65 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 14,000 | 17,823 | 29,878 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.09 | 0.10 | 0.12 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 1,203 | 1,809 | 3,590 | ||||
| Gross margin, % | — | — | — | — | — | — | — | (46.07) | (57.42) | (45.37) | |||||
| EBT | — | — | — | — | — | (4) | 12 | (2,404) | (3,180) | (3,950) | |||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | (199.86) | (175.80) | (110.03) | |||||
| Net income | — | 0 | — | — | — | (4) | 12 | (2,408) | (3,179) | (3,964) | |||||
| Depreciation | — | — | — | — | — | — | — | 265 | 406 | 586 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 0.52 | 0.77 | 1.53 | ||||
| Earnings | — | — | — | — | — | (0.84) | 2.84 | (1.04) | (1.36) | (1.65) | |||||
| Cash flow | — | — | — | — | — | (0.19) | (0.50) | (0.97) | (0.54) | (0.76) | |||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | (0.43) | (0.29) | (0.38) | |||||
| Free cash flow | — | — | — | — | — | (0.19) | (0.50) | (1.41) | (0.83) | (1.14) | |||||
| Book value | — | — | — | — | — | (4.35) | (2.13) | (1.20) | (1.67) | (1.57) | |||||
| Shares, m | — | — | — | — | — | 4 | 4 | 2,311 | 2,338 | 2,339 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | 0.00 | 5.21 | 2.18 | |||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 6.96 | 3.23 | |||||
| EV/FCF | — | — | — | — | — | — | — | (8.49) | (6.50) | (4.36) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | (2) | (2,248) | (1,252) | (1,770) | ||||
| Capex | — | — | — | — | — | — | — | (1,004) | (684) | (892) | |||||
| Free cash flow | — | — | — | — | — | (1) | (2) | (3,251) | (1,936) | (2,662) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 0 | (2) | (3,761) | (4,386) | (3,157) | ||||
| Total debt | — | — | — | — | — | — | 0 | 2,991 | 3,437 | 4,244 | |||||
| Net debt | — | — | — | — | — | (2) | 0 | 2,797 | 3,157 | 3,798 | |||||
| Shareholders’ equity | — | — | — | — | — | (19) | (9) | (2,766) | (3,900) | (3,678) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (4.19) | 7.02 | (84.76) | (53.31) | (57.84) | ||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | (3,417.26) | 0.00 | (1,538.70) | |||||
| ROE | — | — | — | — | — | 0.00 | (87.14) | 173.34 | 95.26 | 104.41 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Mar 2026
Charts ten years each
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 | $49.1B | — (loss-making) | 23.0× | −3.76% (below 0%: shrinking) | n/m | −53.58% (below 0%: shrinking) | 12.59% | 1.32% | Compare |
| HMC Honda Motor Co., Ltd. | $44.2B | 6.0× | 15.7× | +4.19% (above 0%: growing) | +105.66% (above 0%: growing) | +20.08% (above 0%: growing) | 22.24% | 8.76% | Compare |
| RIVN Rivian Automotive, Inc. | $18.9B | — (loss-making) | — (loss-making) | +27.24% (above 0%: growing) | n/m | −113.32% (below 0%: shrinking) | 10.80% | (50.42%) | Compare |
| STLA Stellantis N.V. | $12.6B | 0.6× | 12.1× | −44.85% (below 0%: shrinking) | −96.94% (below 0%: shrinking) | −164.34% (below 0%: shrinking) | 10.98% | 2.26% | Compare |
| LI Li Auto Inc. Sponsored ADR | $9.8B | — (loss-making) | — (loss-making) | −10.40% (below 0%: shrinking) | n/m | +291.23% (above 0%: growing) | 11.05% | (8.96%) | Compare |
| NIO NIO Inc. | $8.3B | — (loss-making) | — (loss-making) | +78.50% (above 0%: growing) | n/m | +38.68% (above 0%: growing) | 18.38% | (1.08%) | Compare |
| XPEV XPeng Inc. Sponsored ADR | $7.6B | — (loss-making) | — (loss-making) | +14.07% (above 0%: growing) | n/m | +343.05% (above 0%: growing) | 20.68% | (5.79%) | Compare |
| VFS VinFast Auto Ltd. | $7.5B | — (loss-making) | — (loss-making) | +40.23% (above 0%: growing) | n/m | +3.73% (above 0%: growing) | (73.58%) | (98.92%) | |
| LCID Lucid Group, Inc. | $1.4B | — (loss-making) | — (loss-making) | +56.24% (above 0%: growing) | n/m | −45.73% (below 0%: shrinking) | (105.27%) | (266.97%) | Compare |
| Median of peers | $11.2B | — | 15.7× | +9.13% | — | −12.82% | 11.82% | (3.43%) |
VinFast Auto Ltd. (VFS) key facts
- Strength: VinFast Auto Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 98.5% from fiscal 2024.
- VinFast Auto Ltd. (VFS) is an Auto Manufacturers company in the Consumer Cyclical sector, listed on Nasdaq.
- As of October 16, 2026, VFS traded at $3.12, a market capitalization of $7.5 billion.
- Return on equity was 104.4% and debt-to-equity -1.15.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −3.75 (distress zone) for fiscal 2025.