VinFast Auto Ltd. (VFS)

Nasdaq: VFS · Motor Vehicles & Passenger Car Bodies · Singapore, SG · filing with the SEC since 2022

Full chart Alerts Compare

Grade4.8

◀ Past 5.1● Present 4.2▶ Future 5.2

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of VinFast Auto Ltd.

Nine metrics read from its own filings, by tense

Headline grade

4.8/10

◀ Past5.130% of the headline

● Present4.240% of the headline

▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.0/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 33% of this tense · 70th percentile among 28 sector filers · read for itself

From the record

VinFast Auto Ltd.'s filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.4/10

What has it actually done, year after year?

+40% a year over 4 filed years; profitable in 0 of 4.

weight 45% of this tense · 54th percentile among 27 sector filers · read for its customers

From the record

VinFast Auto Ltd.'s 4 filed years say what it did: revenue went from VND 16028 billion in fiscal 2021 to VND 44019 billion in fiscal 2024, up 40% a year; it rose in 2 of 3 years; the deepest fall was 13% from fiscal 2021 to fiscal 2022; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span40.0%top 22% of its family
the share of years revenue rosebottom 44% of its family
the share of filed years with a profitbottom 24% of its family
the deepest fall from a revenue peak13.1%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.7/10

How has it treated the people who own it?

SI estimate 1.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 17th percentile among 27 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 17% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 27 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: VinFast Auto Ltd.'s shareholder treatment is put at 1.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 17% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

2.3/10

Is it financially healthy right now?

Leverage 161%: owes 161¢ per asset dollar.

weight 45% of this tense · 23rd percentile among 28 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, VinFast Auto Ltd.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned less than nothing, about minus 16 cents per dollar of everything the company owns. Leverage: it owed about 161 cents per dollar of assets, and net share issuance: its share count grew 1.2% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 16% of its family
gross profit against assetsbottom 15% of its family
the share count against the year beforebottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.3/10

How strong is its position in its industry?

top 47% of 27 in its family; net margin -175.5%.

weight 33% of this tense · 53rd percentile among 27 sector filers · read for its customers

From the record

VinFast Auto Ltd.'s standing among 27 graded names in its industry family: revenue of VND 44019 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of -175.5% ranks in the bottom 24%; revenue growth of 40% a year over the last 3 filed years ranks in the top 17% (its annual reports).

What it rests on

net margin-175.5%bottom 24% of its family
three-year revenue growth40.0%top 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

6.3/10

What are the people in charge doing?

SI estimate 6.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 11 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 11 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 11 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: VinFast Auto Ltd.'s leadership is put at 6.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 11 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.3/10

How much room does it have to grow?

bottom 33% of 26 in its family for room to expand.

weight 45% of this tense · 33rd percentile among 26 sector filers · read for itself

From the record

VinFast Auto Ltd.'s room to grow, from the newest filed statements (fiscal 2024): cash of VND 7288 billion against debt of VND 22863 billion leaves -10% of its assets as net cash, bottom 28% of its family; cash from operations less capital spending is -107.1% of revenue (bottom 17%); a gross margin of -57.4% (bottom 10%); research spending of 22.8% of revenue (top 23%) (its annual report).

What it rests on

cash less debt against assets-10.0%bottom 28% of its family
cash from operations less capital spending against revenue-107.1%bottom 17% of its family
gross margin-57.4%bottom 10% of its family
research spending against revenue22.8%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

7.1/10

What could actually drive growth from here?

top 29% of 27 in its family for growth drivers.

weight 33% of this tense · 71st percentile among 27 sector filers · read for its customers

From the record

VinFast Auto Ltd.'s growth drivers, from the filed years to fiscal 2024: revenue grew 40% a year over the last three filed years against 40% over all 4, speeding up (top 46% of its family); the newest year grew 57.7% (top 13%); research spending grew 2.7% a year (top 48%); capital spending grew 40.6% a year (top 10%) (its annual reports). VinFast Auto Ltd. reported 2 product lines in fiscal 2025: Vehicle Product at $3.4 billion (94%), Product and Service Other at $222 million (6%); 0 of 2 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span+0.0 points a yeartop 46% of its family
the newest year's revenue growth57.7%top 13% of its family
three-year growth of research spending2.7%top 48% of its family
three-year growth of capital spending40.6%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.5/10

Did its newest year beat what its own record pointed to?

top 35% of 26 in its family for expectations against reality.

weight 22% of this tense · 65th percentile among 26 sector filers · read for its shareholders

From the record

VinFast Auto Ltd.'s newest year against its own record: revenue of VND 44019 billion in fiscal 2024 came in 19.7% above the VND 36785 billion its prior three years' pace pointed to (top 18% of its family); net income of VND 77265 billion against a prior three-year average of VND 48413 billion (bottom 33%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 21%) (its annual reports).

What it rests on

revenue against the prior three years' pace19.7%top 18% of its family
net income against the prior three years' average-60%bottom 33% of its family
net margin against its prior average+89.9 pointstop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VFS · research, not advice