NIO Inc. (NIO) vs VinFast Auto Ltd. (VFS)

NIO Inc. and VinFast Auto Ltd. are both Auto Manufacturers companies. NIO Inc. is the larger, with a market value of $8.5B against $7.4B — 1.2× the size. VinFast Auto Ltd. grew revenue faster over the last twelve months: 78.2% against 74.3%. NIO Inc. has the higher net margin (−4.43% vs −113.2%) and the higher return on invested capital (0.00% vs −846.1%). Across the 16 metrics below, NIO Inc. leads on 11 and VinFast Auto Ltd. on 5.

Valuation

Metric NIO VFS Auto Manufacturers median
P/E n/m n/m 8.14
P/S 0.54 1.94 0.90
P/B 15.10 n/m 1.16
Price to free cash flow n/m n/m 19.78
EV/EBITDA n/m n/m 7.18
EV/Sales 0.12 3.03 1.49
Earnings yield (7.54%) (57.68%) (6.65%)
Free cash flow yield (76.71%) (35.29%) (16.79%)

Profitability

Metric NIO VFS Auto Manufacturers median
Gross margin 17.35% (53.84%) 7.51%
Operating margin (3.21%) (87.56%) (10.38%)
Net margin (4.43%) (113.20%) (4.32%)
Free cash flow margin 0.00% (68.35%) 0.00%
Return on equity 0.00% 110.12% 0.00%
Return on assets (4.33%) (63.46%) (6.30%)
Return on invested capital 0.00% (846.13%) 0.00%

Growth

Metric NIO VFS Auto Manufacturers median
Revenue growth (TTM) 74.31% 78.19% 5.42%
EPS growth (last fiscal year) 35.10% (21.32%) —
Revenue growth, 5-year CAGR 38.09% — 10.46%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric NIO VFS Auto Manufacturers median
Debt to equity 2.34 (1.15) 0.25
Current ratio 1.02 0.48 1.10
Net debt to EBITDA 7.82 (1.61) (0.04)

Dividend

Metric NIO VFS Auto Manufacturers median
Dividend yield — — 3.24%
Payout ratio 0.00 — 0.00

Size

Metric NIO VFS Auto Manufacturers median
Market cap 8.51b 7.37b 81.09m

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