VinFast Auto Third Quarter 2024 Earnings: Beats Expectations

VinFast Auto (NASDAQ:VFS) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₫12t (up 49% from 3Q 2023).
• Net loss: ₫13t (loss narrowed by 12% from 3Q 2023).
• ₫5,656 loss per share (improved from ₫6,491 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

VinFast Auto Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - VinFast Auto has 4 warning signs (and 3 which make us uncomfortable) we think you should know about.

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