Valuation: Velesto Energy

Market Cap 2.23B 546M 472M 443M 403M 758M 52.22B 770M 5.19B 2.03B 26.15B 2.05B 2.01B 86.9B P/E 2026 *
18x
P/E 2027 * 17.2x
Enterprise Value 2.32B 567M 489M 460M 418M 786M 54.18B 799M 5.39B 2.11B 27.13B 2.13B 2.08B 90.17B 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+10.20%
Current month+8.00%
1 month+1.89%
3 months-18.18%
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
1.02
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%+10.20%+45.95%+14.89% 546M
0.00%+0.17%+5.68%+49.87% 25.91B
+1.83%+10.62%+67.60%-12.87% 7.2B
-0.29%+0.36%-4.83%-26.07% 6.81B
+0.70%+9.51%+95.25%-29.33% 6.43B
+0.58%+8.68%+89.38%+16.87% 5.95B
+2.54%+4.86%+24.08% - 5.32B
0.00%+0.78%-20.73%+10.17% 4.79B
+2.62%+19.14%+149.86%+7.31% 4.42B
+4.31%+15.20%+111.34%-22.18% 4.34B
Average +1.23%+5.88%+56.36%+0.96% 7.17B
Weighted average by Cap. +0.88%+3.52%+41.06%+13.95%

Financials

2026 *2027 *
Net sales 769M 188M 163M 153M 139M 261M 18B 266M 1.79B 700M 9.01B 707M 691M 29.96B 782M 192M 165M 155M 141M 266M 18.31B 270M 1.82B 712M 9.17B 719M 703M 30.47B
Net income 131M 32.01M 27.65M 25.98M 23.63M 44.42M 3.06B 45.16M 304M 119M 1.53B 120M 118M 5.09B 138M 33.89M 29.27M 27.51M 25.01M 47.03M 3.24B 47.81M 322M 126M 1.62B 127M 124M 5.39B
Net Debt 83.9M 20.53M 17.73M 16.67M 15.16M 28.49M 1.96B 28.96M 195M 76.35M 983M 77.09M 75.42M 3.27B 183M 44.84M 38.72M 36.39M 33.09M 62.22M 4.29B 63.25M 426M 167M 2.15B 168M 165M 7.13B
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
14/08/26 MYR 0.2700 0.00% 7,279,300
13/08/26 MYR 0.2700 0.00% 10,665,200
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
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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