VFS
VinFast Auto Ltd.
Next earnings Sep 2, 2026 · consensus $-0.34 EPS, $1.09B rev
$3.03
▼ -1.62%$3.03▼ -10.36%
over 1Y
L $2.81EODHDH $4.76
Today-1.6%
1W-1.6%
1M-15.4%
3M-10.6%
YTD-10.4%
1Y-10.4%
Avoid
Conviction
Horizon
Long (>12mo)
Street · 9 analysts
Buy
Cash-burning EV maker selling cars below cost, with deeply negative equity and current liabilities far exceeding current assets — not investable.
VinFast is a Vietnamese electric-vehicle manufacturer that is losing money at every level of the income statement. In FY2024 it sold $1.81B of vehicles (+50.4% YoY) but reported negative gross profit of -$1.04B — a gross margin of -57.4%, meaning it loses more than half of revenue before any operating expense. Operating margin was -125.9% and net margin -175.5%, producing a net loss of -$3.18B, worse than the -$2.40B loss in FY2023. Revenue growth here is not progress toward profitability; the company is scaling losses.
Financials · annual, by fiscal year
| Line item | FY23 | FY24 |
|---|---|---|
| Revenue | $1.20B | $1.81B |
| Gross profit | -$554M | -$1.04B |
| Operating income | -$1.70B | -$2.28B |
| Net income | -$2.40B | -$3.18B |
| Diluted EPS | -$1.04 | -$1.40 |
| Net margin | -199.9% | -175.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield—
FCF yield—
Quality & risk
ROIC (est.)—
Free cash flow-$1.94B
Total debt$2.55B
Net cash-$2.41B
Piotroski F-Score4/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Recent filings
all on EDGAR ↗6-KPeriod ending 2026-06-262026-06-26open ↗4Period ending 2026-06-192026-06-22open ↗6-KPeriod ending 2026-06-102026-06-10open ↗6-KPeriod ending 2026-06-102026-06-10open ↗6-KPeriod ending 2026-06-082026-06-08open ↗SDFiling2026-06-01open ↗6-KPeriod ending 2026-05-272026-05-27open ↗6-KPeriod ending 2026-05-262026-05-26open ↗6-KPeriod ending 2026-05-122026-05-12open ↗6-KPeriod ending 2026-05-122026-05-12open ↗20-FPeriod ending 2025-12-312026-04-30open ↗6-KPeriod ending 2026-04-222026-04-22open ↗
Frequently asked
- Is VinFast Auto Ltd. (VFS) a buy?
- VFS currently carries a Avoid rating with 5/5 conviction, derived from its latest SEC filings. Cash-burning EV maker selling cars below cost, with deeply negative equity and current liabilities far exceeding current assets — not investable.
- What is VinFast Auto Ltd.'s quality score?
- VFS scores 30.769230769230766/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001913510, latest 6-K filed 2026-06-26) · EODHD · analysis by claude-code · as of 6/21/2026, 8:53:24 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.