` Comparison: VFS, RACE - Alpha Spread

V
VFS
vs
RACE

Over the past 12 months, VFS has underperformed RACE, delivering a return of -32% compared to the RACE's 23% drop.

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VFS
RACE
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Valuation Comparison

VFS Intrinsic Value
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RACE Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
V
VinFast Auto Ltd
NASDAQ:VFS
3.36 USD
Ferrari NV
MIL:RACE
329 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
VFS, RACE

VFS
RACE
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
V
VinFast Auto Ltd
Revenue
Ferrari NV
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
VFS, RACE

VFS
RACE
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
V
VinFast Auto Ltd
NASDAQ:VFS
Ferrari NV
MIL:RACE
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What is Free Cash Flow?

Gross Margin

VFS
-53%
RACE
51.2%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

Operating Margin

VFS
-98.4%
RACE
29%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

Net Margin

VFS
-137%
RACE
22.9%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

FCF Margin

VFS
-86.7%
RACE
19.5%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

ROE

VFS
57.3%
RACE
48%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

ROA

VFS
-55.2%
RACE
17.2%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

ROIC

VFS
-47.8%
RACE
23.2%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

ROCE

VFS
1 569.1%
RACE
28.9%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VinFast Auto Ltd
Ferrari NV

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VFS, RACE

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Performance Gap
VFS, RACE

Performance Gap Between VFS and RACE
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Performance By Year
VFS, RACE

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VFS
RACE
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