VinFast Auto Ltd.

NASDAQ•VFS

CEO: Mr. Vuong Nhat Pham

Sector: Consumer Cyclical

Industry: Auto - Manufacturers

Listing Date: 2021-09-07

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters, and related battery lease and battery charging service for e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. VinFast Auto Ltd. is a subsidiary of Vingroup Joint Stock Company.

Contact Information

Dinh Vu – Cat Hai Economic Zone, Cat Hai Islands, Cat Hai Town Cat Hai District, Hai Phong City, Vietnam

84-2-2539-69999

www.vinfastauto.us

Market Cap

$7.37B

P/E (TTM)

-1.8

218.9

Dividend Yield

52W High

$5.29

52W Low

$2.78

52W Range

15%

Rank49Top 66.7%

3.2

F-Score

Modified Piotroski Analysis

Based on 5-year fundamentals

Weak • 3.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2021-2025

Financial Dashboard

Q1 2026 Data

Revenue

$884.15M+0.00%

4-Quarter Trend

EPS

-$0.46+0.00%

4-Quarter Trend

FCF

-$701.10M+0.00%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Total Revenue Reached $1.81B Total revenues reached $1.81 B in 2024, driven by vehicle sales revenue of $1.65 B, up 58.1% in VND terms.

Vehicle Sales Revenue Up Vehicle sales revenue was $1.65 B in 2024, reflecting a 58.1% increase in VND terms due to higher EV delivery volumes.

R&D Spending Decreased R&D costs fell 35.0% to $412.0 M in 2024, following completion of majority product development work on existing models.

Financing Provided $2.01B Net cash flows from financing activities generated $2.01 B in 2024, primarily supporting working capital and capital expenditures.

Risk Factors

Gross Margin Worsened Significantly Gross loss widened to $(1.04) B in 2024; margin fell to negative 57.4% due to one-time free charging program expense.

Recurring Losses Continue Recurring net losses reached $(3.18) B in 2024; operating cash flows remain negative, raising going concern doubts.

Material Internal Control Weaknesses Material weaknesses identified in ICFR related to closing process, personnel skills, and ineffective IT general controls.

High Affiliate Dependence Noted Controlling shareholders hold 97.9% voting power; liquidity heavily relies on ongoing financial support from Vingroup affiliates.

Outlook

Global Expansion Phase Two Strategy focuses on Phase II expansion into Asia and Middle East markets, introducing dealer sales models globally.

Manufacturing Capacity Expansion Proceeding with US, India, and new Vietnam CKD factory construction to enhance global manufacturing footprint.

Focus on Ancillary Revenue Streams Future growth includes broadening ancillary revenue via licensing high-tech autonomy features and subscription services.

Capital Access Critical Near Term Expecting negative cash flows near term, requiring continued access to capital, including shareholder support and potential equity issuances.

Peer Comparison

Revenue (TTM)

LAD

$37.73B

+2.5%

$27.49B

+1.9%

KMX

$26.86B

-4.8%

Gross Margin (Latest Quarter)

FND

44.0%

-5.1pp

GAP

40.5%

-0.3pp

LKQ

38.4%

-0.5pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MOD	$14.50B	121.7	11.1%	21.7%
ALSN	$9.73B	18.2	29.5%	48.8%
GAP	$7.88B	8.4	26.5%	46.5%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

11.3%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:Sep 3, 2026

EPS:-$0.29

Revenue:$1.08B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data