Valuation: Velesto Energy

Market Cap 2.15B 525M 461M 429M 394M 739M 50.56B 751M 5.09B 1.99B 24.86B 1.97B 1.93B 85.95B P/E 2026 *
17.5x
P/E 2027 * 16.8x
Enterprise Value 2.23B 546M 479M 446M 409M 768M 52.54B 780M 5.29B 2.07B 25.83B 2.05B 2B 89.31B EV / Sales 2026 *
2.93x
EV / Sales 2027 * 3.03x
Free-Float
45.08%
Yield 2026 *
24%
Yield 2027 * 11%
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
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
1 day-1.89%
Current month-1.89%
1 month-8.77%
3 months-18.75%
6 months-16.13%
Current year-5.45%
1 week 0.24
Extreme 0.24
0.28
1 month 0.24
Extreme 0.24
0.3
Current year 0.24
Extreme 0.24
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.($)
-1.89%0.00%+40.54%+15.56% 535M
+0.35%+2.51%+0.35%+49.74% 24.82B
-1.95%+3.83%+0.86%-21.40% 7.15B
-0.53%+6.66%+50.89%-15.87% 6.88B
+0.56%+4.49%+73.14%-33.95% 5.94B
+0.48%+4.15%+56.96%+7.47% 5.48B
+0.73%-2.76%+39.00% - 5.29B
-5.88%+3.23%-22.89%+14.29% 5.05B
-1.35%+5.81%+65.32%-30.57% 3.93B
+0.77%+5.75%+107.15%-14.08% 3.5B
Average -0.87%+3.85%+41.13%-3.20% 6.86B
Weighted average by Cap. -0.47%+3.42%+27.07%+11.42%

Financials

2026 *2027 *
Net sales 763M 186M 164M 152M 140M 263M 17.96B 267M 1.81B 707M 8.83B 700M 685M 30.52B 770M 188M 165M 154M 141M 265M 18.13B 269M 1.83B 713M 8.91B 707M 691M 30.81B
Net income 138M 33.62M 29.53M 27.46M 25.2M 47.35M 3.24B 48.08M 326M 127M 1.59B 126M 123M 5.5B 141M 34.37M 30.19M 28.07M 25.76M 48.4M 3.31B 49.15M 333M 130M 1.63B 129M 126M 5.63B
Net Debt 83.9M 20.51M 18.01M 16.75M 15.37M 28.88M 1.97B 29.33M 199M 77.71M 971M 76.99M 75.33M 3.36B 183M 44.78M 39.33M 36.58M 33.56M 63.06M 4.31B 64.04M 434M 170M 2.12B 168M 164M 7.33B
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
24/07/26 MYR 0.2600 -1.89% 33,726,100
23/07/26 MYR 0.2650 +1.92% 43,220,300
22/07/26 MYR 0.2600 +1.96% 33,435,600
21/07/26 MYR 0.2550 0.00% 52,092,300
20/07/26 MYR 0.2550 +2.00% 29,414,200
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2600MYR
Average target price
0.3175MYR
Spread / Average Target
+22.12%

Annual profits - Rate of surprise

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