Valuation: Velesto Energy

Market Cap 2.23B 546M 473M 443M 404M 760M 52.09B 772M 5.21B 2.04B 26.08B 2.05B 2.01B 86.98B P/E 2026 *
18x
P/E 2027 * 17.2x
Enterprise Value 2.32B 567M 491M 460M 420M 789M 54.05B 801M 5.41B 2.12B 27.06B 2.13B 2.08B 90.25B EV / Sales 2026 *
3.01x
EV / Sales 2027 * 3.09x
Free-Float
46.54%
Yield 2026 *
23.2%
Yield 2027 * 10.6%
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
07-14 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 week+5.88%
Current month+8.00%
1 month-5.26%
3 months-15.62%
6 months-11.48%
Current year-1.82%
1 week 0.24
Extreme 0.245
0.28
1 month 0.24
Extreme 0.235
0.28
Current year 0.24
Extreme 0.235
0.36
1 year 0.18
Extreme 0.185
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
1.04
Manager TitleAgeSince
President 59 24/02/2022
Director of Finance/CFO 61 31/05/2020
Chief Operating Officer 52 31/08/2022
Director TitleAgeSince
Director/Board Member 62 24/08/2021
Director/Board Member 59 24/02/2022
Director/Board Member 51 11/08/2022
Date Insider Type Main position Quantity % Market Cap.
10/09/24 Buy

Director

1,000,000 0.0122%
04/12/23 Free

Director

2,370,000 0.0288%
04/09/23 Sell

Director

2,009,700 0.0245%
Change 5-day change 1-year change 3-year change Capi.($)
0.00%+5.88%+45.95%+17.39% 546M
0.00%-2.48%+4.62%+51.80% 25.65B
+6.82%+9.15%+61.42%-18.02% 7.04B
-1.98%+1.47%-3.95%-25.94% 6.91B
-1.89%+10.89%+93.88%-33.72% 6.37B
-1.83%+10.71%+83.64%+13.10% 5.92B
+0.39%0.00%+21.67% - 5.37B
0.00%+2.34%-20.12%+9.17% 4.91B
+0.96%+29.12%+144.29%+0.09% 4.29B
-0.36%+15.51%+96.79%-27.16% 4.2B
Average +0.21%+7.35%+52.82%-1.48% 7.12B
Weighted average by Cap. +0.23%+4.19%+37.71%+12.55%

Financials

2026 *2027 *
Net sales 769M 188M 163M 153M 139M 262M 17.96B 266M 1.8B 703M 8.99B 707M 692M 29.98B 782M 192M 166M 155M 142M 267M 18.27B 271M 1.83B 715M 9.15B 719M 703M 30.5B
Net income 131M 32.02M 27.74M 25.99M 23.71M 44.57M 3.05B 45.25M 306M 119M 1.53B 120M 118M 5.1B 138M 33.89M 29.37M 27.51M 25.1M 47.18M 3.23B 47.91M 324M 126M 1.62B 127M 124M 5.4B
Net Debt 83.9M 20.54M 17.79M 16.67M 15.21M 28.59M 1.96B 29.03M 196M 76.64M 981M 77.1M 75.43M 3.27B 183M 44.84M 38.85M 36.4M 33.2M 62.42M 4.28B 63.38M 428M 167M 2.14B 168M 165M 7.14B
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 jack-up drilling rigs, which are capable of operating in water depths of up to 400 feet. The Company is also a provider of workover services through its fleet of hydraulic workover units. In addition, it provides integrated drilling and workover services to meet its clients’ requirements. The Company has four segments. The drilling services segment is principally involved in the provision of drilling services to the upstream oil and gas sector. This segment owns and operates several drilling rigs. The integrated services segment principally provide hydraulic workover operation. The oilfield services segment principally provides oil country tubular goods threading, repair and inspection services. The others segment is involved in investment holding, provision of support services, management and corporate services.
Employees
144
Date Price Change Volume
13/08/26 MYR 0.2700 0.00% 6,531,500
12/08/26 MYR 0.2700 +1.89% 22,908,100
11/08/26 MYR 0.2650 +1.92% 6,089,100
10/08/26 MYR 0.2600 +6.12% 43,221,300
07/08/26 MYR 0.2450 -3.92% 14,719,600
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2700MYR
Average target price
0.3150MYR
Spread / Average Target
+16.67%

Annual profits - Rate of surprise

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