Valuation : Velesto Energy

Market Cap 2.02B 501M 431M 405M 370M 693M 47.27B 695M 4.79B 1.86B 24.25B 1.88B 1.84B 78.13B P/E 2026 *
19.9x
P/E 2027 * 16.5x
Enterprise Value 2.11B 521M 449M 422M 386M 721M 49.23B 723M 4.99B 1.94B 25.26B 1.96B 1.92B 81.37B EV / Sales 2026 *
2.88x
EV / Sales 2027 * 2.83x
Free-Float
46.54%
Yield 2026 *
16.6%
Yield 2027 * 11.3%
08-21 Velesto Energy Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026 CI
08-21 Velesto Energy Berhad Declares Single-Tier Second Interim Dividend for the Financial Year Ending December 31, 2026, Payable on November 18, 2026 CI
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
1 day-2.00%
1 month-2.00%
3 months-18.33%
6 months-23.44%
Current year-10.91%
1 week 0.22
Extreme 0.225
0.26
1 month 0.22
Extreme 0.225
0.28
Current year 0.22
Extreme 0.225
0.36
1 year 0.2
Extreme 0.2
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
0.94
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 50 11/08/2022
Date Insider Type Main position Quantity % Market Cap. Importance
18/03/26 Exercice

Chairperson

7,524,000 0.0916%
18/03/26 Exercice

Chairperson

7,524,000 0.0916%
10/09/24 Buy

Director

1,000,000 0.0122%
Change 5-day change 1-year change 3-year change Capi.($)
-2.00%0.00%+19.51%-2.00% 501M
+0.52%-1.52%+6.58%+47.59% 25.38B
-2.10%-0.33%+58.26%-15.19% 7.28B
+1.11%-1.02%+4.68%-21.71% 7.19B
-2.82%+0.86%+88.71%-30.85% 6.53B
-3.34%+0.52%+72.58%+13.71% 6.02B
+0.11%-2.73%+19.28% - 5.24B
+0.76%-1.49%-12.00%+4.76% 4.91B
-1.04%-0.08%+113.04%-16.70% 4.74B
-1.47%+4.25%+113.17%+6.58% 4.43B
Average -1.03%-0.17%+48.38%-1.53% 7.22B
Weighted average by Cap. -0.56%-0.61%+37.80%+11.86%

Financials

2026 *2027 *
Net sales 733M 181M 156M 147M 134M 251M 17.11B 251M 1.73B 673M 8.78B 681M 666M 28.28B 779M 193M 166M 156M 142M 267M 18.19B 267M 1.84B 715M 9.33B 723M 708M 30.06B
Net income 111M 27.55M 23.71M 22.31M 20.38M 38.12M 2.6B 38.22M 264M 102M 1.33B 103M 101M 4.3B 136M 33.73M 29.02M 27.31M 24.94M 46.66M 3.18B 46.79M 323M 125M 1.63B 127M 124M 5.26B
Net Debt 83.9M 20.75M 17.85M 16.8M 15.34M 28.7M 1.96B 28.78M 198M 77.01M 1B 77.9M 76.2M 3.24B 183M 45.3M 38.98M 36.67M 33.5M 62.67M 4.28B 62.84M 433M 168M 2.19B 170M 166M 7.07B
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
04/09/26 MYR 0.2450 -2.00% 10,394,300
03/09/26 MYR 0.2500 +2.04% 10,549,500
02/09/26 MYR 0.2450 +6.52% 66,276,500
01/09/26 MYR 0.2300 -6.12% 48,419,000
28/08/26 MYR 0.2450 +2.08% 11,086,500
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2450MYR
Average target price
0.3012MYR
Spread / Average Target
+22.96%

Annual profits - Rate of surprise

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