Why VinFast Auto stock is back in focus

VinFast Auto (VFS) has drawn fresh attention after reporting preliminary June 2026 deliveries of 17,955 EVs in Vietnam and year to date volumes of 115,916 vehicles, a 72% jump versus last year.

The deliveries update comes after a busy week for VinFast Auto, with a new Certified Pre Owned program launched in the US and a leadership appointment for its Middle East operations. Even with a recent 1 month share price return of 3.62% and a 7 day share price return of 2.61%, momentum contrasts with a 90 day share price return that is down 33.82% and a 3 year total shareholder return that is down 69.30%. This suggests sentiment is still working through earlier concerns despite the latest operational milestones.

If this EV story has you looking beyond VinFast Auto, it could be a useful moment to scan other opportunities in the sector via our 33 robotics and automation stocks

For VinFast Auto, that modest recent rebound sits against years of weak returns and a business that is still loss making. Is the latest move a sign the fundamentals are catching up or just sentiment swinging again?

Most Popular Narrative: 47.9% Undervalued

VinFast Auto last closed at $3.15, while the most followed narrative implies a fair value of $6.05, indicating a substantial gap between the market price and that story.

The analysts have a consensus price target of $6.05 for VinFast Auto based on their expectations of its future earnings growth, profit margins and other risk factors.

However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $7.7, and the most bearish reporting a price target of just $5.0.

Want to understand why this narrative leans so optimistic on VinFast Auto? The key ingredients are aggressive revenue expansion, a sharp margin reset, and a future earnings multiple more often seen in fast growing sectors. Curious which assumptions have to hold for that to line up with $6.05?

Result: Fair Value of $6.05 (UNDERVALUED)

However, there are still clear pressure points for VinFast Auto, including heavy cash burn and reliance on Vingroup support, as well as intense global EV competition that could challenge this upbeat narrative.

Another view on VinFast Auto valuation

The analyst narrative suggests VinFast Auto is undervalued at $3.15 versus a $6.05 fair value. Yet on simple sales metrics, the picture flips. VinFast Auto trades on a P/S of about 2x, compared with 0.6x for the US Auto industry, 1.2x for peers, and a fair ratio of just 0.1x.

If the market shifted closer to that fair ratio, the implied reset in expectations would be steep. That kind of gap can either close through fundamentals catching up or the share price moving. Which path do you think is more realistic for VinFast Auto?

Next Steps

With sentiment on VinFast Auto clearly mixed, take a moment to scrutinize the figures, weigh both sides, and then make your own call using the 1 key reward and 3 important warning signs.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.