Valuation: Velesto Energy

Market Cap 2.07B 512M 438M 410M 375M 704M 48.95B 714M 4.84B 1.89B 24.59B 1.92B 1.88B 81.33B P/E 2026 *
19.6x
P/E 2027 * 16.5x
Enterprise Value 2.15B 532M 456M 427M 391M 733M 50.94B 743M 5.04B 1.97B 25.59B 2B 1.96B 84.64B EV / Sales 2026 *
2.93x
EV / Sales 2027 * 2.89x
Free-Float
46.54%
Yield 2026 *
20.5%
Yield 2027 * 11%
08-21 Velesto Energy Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 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
06-05 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
1 day-2.00%
1 week-7.55%
Current month-2.00%
1 month-5.77%
3 months-20.97%
6 months-20.97%
Current year-10.91%
1 week 0.24
Extreme 0.245
0.26
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
0.94
Manager TitleAgeSince
President 59 25/02/2022
Director of Finance/CFO 61 01/06/2020
Chief Operating Officer 52 01/09/2022
Director TitleAgeSince
Director/Board Member 62 25/08/2021
Director/Board Member 59 25/02/2022
Director/Board Member 51 12/08/2022
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.($)
-2.00%-7.55%+22.50%+2.08% 512M
+0.32%+3.87%+11.35%+46.10% 26.82B
-1.51%+2.59%+61.28%-9.01% 7.39B
+0.07%+7.23%+0.40%-17.24% 7.22B
-1.50%+2.78%+94.74%-24.78% 6.61B
-1.39%+2.50%+78.48%+18.87% 6.09B
+2.06%+4.70%+30.53% - 5.58B
-1.49%+1.54%-18.52%+11.86% 4.94B
+1.31%+8.53%+112.39%-13.28% 4.71B
-1.25%-1.47%+130.18%+6.71% 4.35B
Average -0.53%+2.48%+52.33%+2.37% 7.42B
Weighted average by Cap. -0.22%+3.58%+41.11%+14.90%

Financials

2026 *2027 *
Net sales 763M 189M 162M 151M 139M 260M 18.07B 263M 1.79B 697M 9.08B 709M 694M 30.02B 798M 198M 169M 158M 145M 272M 18.9B 276M 1.87B 729M 9.49B 742M 726M 31.4B
Net income 125M 30.91M 26.48M 24.77M 22.68M 42.56M 2.96B 43.12M 293M 114M 1.49B 116M 114M 4.91B 144M 35.56M 30.46M 28.51M 26.09M 48.97M 3.4B 49.62M 337M 131M 1.71B 134M 131M 5.65B
Net Debt 83.9M 20.78M 17.8M 16.65M 15.24M 28.61M 1.99B 28.98M 197M 76.72M 999M 78.01M 76.31M 3.3B 183M 45.36M 38.86M 36.36M 33.28M 62.46M 4.34B 63.29M 430M 168M 2.18B 170M 167M 7.21B
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
24/08/26 MYR 0.2450 -2.00% 23,059,200
21/08/26 MYR 0.2500 -1.96% 9,820,800
20/08/26 MYR 0.2550 -1.92% 9,712,700
19/08/26 MYR 0.2600 -1.89% 7,017,800
18/08/26 MYR 0.2650 0.00% 2,946,000
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2500MYR
Average target price
0.3038MYR
Spread / Average Target
+21.50%

Annual profits - Rate of surprise

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