VinFast Auto Balance Sheet Health
Financial Health criteria checks 0/6
VinFast Auto has a total shareholder equity of ₫-90,058.7B and total debt of ₫116,391.2B, which brings its debt-to-equity ratio to -129.2%. Its total assets and total liabilities are ₫181,748.1B and ₫271,806.8B respectively.
Key information
-129.24%
Debt to equity ratio
₫116.39t
Debt
| Interest coverage ratio | n/a |
| Cash | ₫7.36t |
| Equity | -₫90.06t |
| Total liabilities | ₫271.81t |
| Total assets | ₫181.75t |
Recent financial health updates
Recent updates
VFS: Expanding Global EV Lineup And Warranties Will Support Upside
Analysts have kept their VinFast Auto price target effectively unchanged at $6.30, citing only very small tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E that do not materially alter their view of the stock’s valuation. What's in the News VF 8 Eco highlighted for design by Pininfarina, 256-mile range, spacious interior, and 15.6-inch central touchscreen with HUD, with an MSRP starting at US$39,900 and competitive leasing and financing policies including 0% APR for up to 84 months and retail bonus incentives (Key Developments) VF 9 three-row fully electric SUV positioned for family use, offering up to 402 horsepower, all-wheel drive, towing capacity of up to 3,968 lbs with braked trailer, cargo volume up to 926 litres, and an all-in starting price of C$77,308, supported by a 10-year/200,000-kilometre vehicle warranty and 10-year unlimited mileage battery warranty (Key Developments) Ownership support for VinFast vehicles outlined through the VinFast app that connects drivers to public charging stations across North America, 24/7 roadside assistance, and in-car services such as Sony RIDEVU for entertainment during longer waits (Key Developments) Company brand architecture clarified into three lines, with VF as the mass-market EV range, Lac Hong as the ultra-luxury marque with new Lac Hong 800S and 900S models, and Green as the commercial mobility brand, covering more than 15 electric vehicle models across segments (Key Developments) VinFast provided 2026 guidance, targeting global deliveries of 300,000 electric vehicles and 2026 two-wheeler deliveries at least 2.5 times 2025 levels, supported by new models and an expanding distribution network in Asian markets including Vietnam, Indonesia, India and the Philippines (Key Developments) Valuation Changes Fair Value: $6.30 remains unchanged, indicating no revision to the overall equity value estimate.VinFast: Recent Rally Fuels Some Skepticism
Apr 08VFS: Future Premium EV Lineup And Margins Will Support Upside
Analysts have trimmed their price target on VinFast Auto slightly, with fair value moving from $6.38 to $6.30 as they factor in a higher future P/E of about 118x and a modest adjustment to projected profit margins. What's in the News VinFast highlighted the VF 9 as a fully electric, three row SUV with all wheel drive, up to 402 horsepower and a rated range of up to 518 kilometres per full charge.VFS: 2025 And 2026 Delivery Expansion Will Support Future Upside
Analysts have kept their VinFast Auto price target steady at $6.38, with the unchanged fair value reflecting updated views on higher discount rates, adjusted revenue growth assumptions, softer profit margin expectations, and a higher future P/E estimate. What's in the News VinFast has completed a new brand structure with three automotive lines: Lac Hong for ultra luxury models, VF for mass market passenger EVs spanning VF 3 to VF 9 and the VF MPV 7, and Green for commercial and service mobility solutions such as Limo Green, Herio Green, Nerio Green and Minio Green (Key Developments).VFS: 2025 And 2026 Delivery Expansion Will Support Further Upside
Analysts have maintained their VinFast Auto fair value estimate at $6.38 per share. They attribute this to small adjustments in the discount rate, profit margin, and future P/E assumptions rather than a change in their overall view of the stock.VFS: 2025 And 2026 Delivery Expansion Will Support Further Upside
Analysts have made a small upward tweak to their VinFast Auto price target to $6.38 from $6.36, reflecting updated views on the discount rate, profit margin assumptions, and a higher future P/E multiple. What's in the News VinFast Auto issued delivery guidance for 2026, targeting 300,000 global electric vehicle deliveries for the full year.VFS: Planned 2025 Delivery Surge To 200,000 Units Will Support Upside
Narrative Update on VinFast Auto Analysts have modestly adjusted their price target on VinFast Auto, keeping fair value at $6.36 while fine tuning assumptions around discount rate, profit margin, and future P/E to reflect updated views on the company’s risk profile and long term earnings potential. What's in the News VinFast Auto issued delivery guidance for full year 2025, indicating an expectation that global EV deliveries will be approximately double its full year 2024 volume of 97,399 vehicles, approaching 200,000 units (Key Developments).VFS: Planned 2025 Delivery Surge To 200,000 Units Will Support Upside
Analysts have nudged their price target on VinFast Auto slightly higher to US$6.36, reflecting updated assumptions around discount rate, long term profit margin, and future P/E. These changes keep fair value broadly unchanged overall.VFS: Delivery Expansion To 200,000 Vehicles Will Support Long-Term Position
Analysts have slightly revised their price outlook for VinFast Auto, reflecting updated assumptions for the discount rate, long term profit margin and future P/E. This has led to a modest adjustment in the implied fair value, which is expressed as US$6.36 per share in the current model.VFS: Electric Bus Expansion Will Support Stronger Long-Term Market Position
Analysts have modestly raised their price target on VinFast Auto, reflecting a slightly higher fair value estimate of approximately 6.36 dollars per share. This change is supported by a lower perceived discount rate and only minor adjustments to long term growth and profitability assumptions.VinFast Auto: A High-Risk, High-Reward EV Play
Mar 28VinFast Auto: Safety Net To Unlock Asia's EV High Growth Potential
Feb 25
Launching VF6 And VF7 Models And Expanding To Indonesia Will Strengthen Future EV Presence
VinFast's strategic expansion into markets like Vietnam, North America, Indonesia, and the Philippines could drive revenue growth by capturing demand for affordable EVs.VinFast Auto: Strong Growth Stock
Nov 27VinFast: Sell This EV Laggard
Sep 24VinFast Auto Stock: Prepare For Fresh Round Of Selling After Q2 2024 Earnings
Sep 17VinFast Shares Are Little More Than Lottery Tickets; Sell Them Before They Fall To Zero
Aug 01VinFast Auto: A Promising EV Play For Investors
May 31VinFast: Just Keep Selling
Apr 18VinFast Auto: A High-Risk, High-Reward EV Play
Apr 01VinFast: Financial Situation Gets Scarier
Feb 25VinFast Auto Setting Up To Be A Home Run, But...
Jan 19VinFast's Warm Reception In Contrast To Cold Shoulder Chinese EV Makers Are Getting
Jan 12Financial Position Analysis
Short Term Liabilities: VFS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: VFS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: VFS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: VFS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VFS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VFS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.1% each year
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 15:10 |
| End of Day Share Price | 2026/04/29 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
VinFast Auto Ltd. is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jesse Sobelson | BTIG |
| Andres Sheppard-Slinger | Cantor Fitzgerald & Co. |
| James McIlree | Chardan Capital Markets, LLC |