Valuation: Velesto Energy

Market Cap 2.11B 521M 446M 416M 382M 718M 49.85B 732M 4.94B 1.92B 24.98B 1.96B 1.91B 82.71B P/E 2026 *
17x
P/E 2027 * 16.2x
Enterprise Value 2.19B 542M 464M 433M 397M 746M 51.83B 761M 5.13B 2B 25.98B 2.03B 1.99B 86B EV / Sales 2026 *
2.85x
EV / Sales 2027 * 2.93x
Free-Float
46.54%
Yield 2026 *
24.6%
Yield 2027 * 11.2%
08-10 UOB Kay Hian Upgrades Velesto Energy to Buy from Hold; Price Target is MYR0.29 MT
07-21 Kenanga Investment Bank Upgrades Velesto Energy to Outperform from Market Perform; Price Target is MYR0.32 MT
07-13 Velesto Energy Scraps $63 Million Deal to Sell Jack-up Drilling Rig MT
07-07 CIMB Securities Starts Velesto Energy at Buy with MYR0.35 Price Target MT
07-03 BIMB Securities Upgrades Velesto Energy to Buy From Hold; Price Target is MYR0.32 MT
06-04 Velesto Energy Bhd Announces Appointment of Nasution Mohamed as Non Independent and Non Executive Chairman, Effective June 5, 2026 CI
06-04 Velesto Energy Berhad Announces Board Committee Changes, Effective June 4, 2026 CI
06-04 Velesto Energy Berhad Announces Retirement of Puan Rowina Ghazali Seth as Independent and Non Executive Member of Audit Committee, Effective June 4, 2026 CI
06-04 Velesto Energy Berhad Announces Retirement of Encik Mohd Rashid Bin Mohd Yusof as Non Independent and Non Executive Chairman, Effective June 4, 2026 CI
06-04 Velesto Energy Berhad Announces Retirement of Puan Haida Shenny Binti Hazri as Non Independent and Non Executive Director, Effective June 4, 2026 CI
06-04 Velesto Energy Berhad Announces Appointment of Puan Nadzrin Alia Md Azizis as Non Independent and Non Executive Member of Nomination and Remuneration Committee, Effective June 4, 2026 CI
06-04 Velesto Energy Berhad Announces Retirement of Puan Rowina Ghazali Seth as Independent and Non Executive Director, Effective June 4, 2026 CI
06-04 Velesto Energy Berhad Announces Retirement of Puan Rowina Ghazali Seth as Independent and Non Executive Chairman of Nomination and Remuneration Committee, Effective June 4, 2026 CI
1 day+1.96%
1 week-3.70%
Current month+4.00%
1 month+1.96%
3 months-17.46%
6 months-16.13%
Current year-5.45%
1 week 0.25
Extreme 0.25
0.27
1 month 0.24
Extreme 0.235
0.28
Current year 0.24
Extreme 0.235
0.36
1 year 0.2
Extreme 0.195
0.36
3 years 0.13
Extreme 0.13
0.36
5 years 0.08
Extreme 0.075
0.36
10 years 0.08
Extreme 0.075
0.99
Manager TitleAgeSince
Director of Finance/CFO 61 2020-05-31
President 59 2022-02-24
Chief Operating Officer 52 2022-08-31
Director TitleAgeSince
Director/Board Member 62 2021-08-24
Director/Board Member 59 2022-02-24
Director/Board Member 51 2022-08-11
Date Insider Type Main position Quantity % Market Cap.
9/10/24 Buy

Director

1,000,000 0.0122%
12/4/23 Free

Director

2,370,000 0.0288%
9/4/23 Sell

Director

2,009,700 0.0245%
Change 5-day change 1-year change 3-year change Capi.($)
+1.96%-3.70%+33.33%+10.64% 530M
0.00%+3.36%+11.62%+53.75% 26.82B
+1.37%+3.57%+72.38%-11.74% 7.32B
+0.81%+9.00%+0.27%-17.02% 7.1B
+2.91%+5.07%+114.64%-26.89% 6.52B
+2.39%+4.55%+97.65%+18.79% 6.04B
+0.75%+3.43%+24.98% - 5.46B
+1.52%+3.08%-17.28%+15.52% 4.95B
+1.00%+11.74%+130.25%-17.03% 4.6B
+0.78%+2.39%+148.45%+6.21% 4.37B
Average +1.37%+3.33%+61.63%+3.58% 7.37B
Weighted average by Cap. +0.97%+4.17%+47.45%+17.64%

Financials

2026 *2027 *
Net sales 769M 190M 163M 152M 139M 262M 18.19B 267M 1.8B 702M 9.12B 714M 698M 30.19B 782M 193M 166M 155M 142M 266M 18.51B 272M 1.83B 715M 9.28B 726M 711M 30.71B
Net income 131M 32.33M 27.68M 25.83M 23.7M 44.54M 3.09B 45.41M 306M 119M 1.55B 121M 119M 5.13B 138M 34.23M 29.31M 27.35M 25.09M 47.15M 3.28B 48.08M 324M 126M 1.64B 129M 126M 5.43B
Net Debt 83.9M 20.74M 17.76M 16.57M 15.2M 28.57M 1.98B 29.13M 197M 76.62M 995M 77.87M 76.18M 3.29B 183M 45.29M 38.77M 36.18M 33.2M 62.38M 4.33B 63.61M 429M 167M 2.17B 170M 166M 7.19B
Logo Velesto Energy
Velesto Energy Berhad is a Malaysia-based multinational provider of services for the upstream sector of the oil and gas industry. The Company owns and operates six premium jack-up drilling rigs, which can operate in water depths of up to 400 feet. Its drilling services segment is involved in the provision of drilling and well intervention services to the upstream oil and gas sector. The segment owns and operates several drilling rigs and hydraulic workover units that are chartered to oil majors for exploration, development and production activities, including offshore hydraulic workover operations to restore suspended or under-performing wells. The segment also includes investment holding entities, provision of support services, management and corporate services that are integral to the delivery of the Group’s drilling services. Its others segment includes providing premium OCTG threading, repair and inspection services, specialized training and competency development programmers.
Employees
144
Date Price Change Volume
26-08-20 MYR 0.2600 +1.96% 471,700
26-08-20 MYR 0.2550 -1.92% 9,712,700
26-08-19 MYR 0.2600 -1.89% 7,017,800
26-08-18 MYR 0.2650 0.00% 2,946,000
26-08-17 MYR 0.2650 -1.85% 12,089,600
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2550MYR
Average target price
0.3150MYR
Spread / Average Target
+23.53%

Annual profits - Rate of surprise

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