Valuation: Velesto Energy

Market Cap 2.07B 504M 441M 407M 375M 707M 48.56B 722M 4.86B 1.91B 23.78B 1.89B 1.85B 81.88B P/E 2026 *
17x
P/E 2027 * 16.3x
Enterprise Value 2.15B 525M 459M 423M 390M 735M 50.54B 752M 5.06B 1.99B 24.75B 1.97B 1.93B 85.2B EV / Sales 2026 *
2.83x
EV / Sales 2027 * 2.93x
Free-Float
45.07%
Yield 2026 *
24.9%
Yield 2027 * 11.4%
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
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
06-04 Velesto Energy Berhad Announces Appointment of Nadzrin Alia Md Azizis as Non Independent and Non Executive Member of Risk Committee, Effective June 4, 2026 CI
06-04 Velesto Energy Berhad Announces Redesignation of Dr. Mohd Shahreen Zainooreen Bin Madros from Member of Risk Committee to Chairman of Risk Committee, Effective June 04, 2026 CI
1 day-0.99%
1 week-13.79%
Current month-5.66%
1 month-13.79%
3 months-26.47%
6 months-10.71%
Current year-9.09%
1 week 0.25
Extreme 0.25
0.3
1 month 0.25
Extreme 0.25
0.3
Current year 0.25
Extreme 0.25
0.36
1 year 0.18
Extreme 0.18
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 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.
18/03/26 Fiscal year

Chairperson

7,524,000 0.0916%
18/03/26 Fiscal year

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.($)
-0.99%-13.79%+38.89%+8.70% 504M
+0.72%-2.94%-2.43%+50.27% 24.47B
-0.44%+4.16%-0.59%-25.06% 6.61B
+2.67%+3.83%+54.22%-15.55% 6.62B
+0.39%-1.15%+97.69%-35.18% 5.74B
-1.33%-3.99%+42.49% - 5.44B
+0.24%-1.33%+61.54%+9.70% 5.3B
-1.61%0.00%-23.75%+7.02% 4.5B
+3.94%+6.71%+66.17%-29.68% 3.8B
+2.15%+2.43%+113.51%-10.77% 3.41B
Average +0.52%-0.98%+44.77%-4.51% 6.64B
Weighted average by Cap. +0.60%-0.80%+29.60%+11.43%

Financials

2026 *2027 *
Net sales 760M 185M 162M 150M 138M 260M 17.86B 266M 1.79B 703M 8.75B 697M 681M 30.12B 768M 188M 164M 151M 139M 263M 18.06B 269M 1.81B 711M 8.85B 704M 689M 30.45B
Net income 136M 33.16M 28.98M 26.74M 24.65M 46.46M 3.19B 47.49M 320M 126M 1.56B 125M 122M 5.38B 140M 34.06M 29.77M 27.47M 25.32M 47.72M 3.28B 48.78M 328M 129M 1.61B 128M 125M 5.53B
Net Debt 83.9M 20.48M 17.9M 16.52M 15.23M 28.7M 1.97B 29.34M 197M 77.66M 966M 76.93M 75.24M 3.33B 183M 44.73M 39.09M 36.07M 33.25M 62.67M 4.31B 64.06M 431M 170M 2.11B 168M 164M 7.26B
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
17/07/26 MYR 0.2500 -3.85% 19,007,800
16/07/26 MYR 0.2600 -1.89% 38,280,500
15/07/26 MYR 0.2650 -1.85% 9,087,200
14/07/26 MYR 0.2700 -5.26% 144,158,500
13/07/26 MYR 0.2850 -1.72% 8,336,700
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
0.2500MYR
Average target price
0.3150MYR
Spread / Average Target
+26.00%

Annual profits - Rate of surprise

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