Valuation: Velesto Energy

Market Cap 2.15B 527M 461M 426M 391M 740M 50.83B 753M 5.08B 2B 24.82B 1.98B 1.94B 85.69B P/E 2026 *
17.7x
P/E 2027 * 17x
Enterprise Value 2.23B 548M 479M 443M 407M 769M 52.81B 783M 5.28B 2.08B 25.79B 2.06B 2.01B 89.03B EV / Sales 2026 *
2.94x
EV / Sales 2027 * 3.04x
Free-Float
45.08%
Yield 2026 *
24%
Yield 2027 * 11%
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-9.09%
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% 527M
+0.36%-3.28%-2.78%+49.73% 24.29B
-0.44%+4.16%-0.59%-23.27% 6.67B
-2.64%+4.32%+52.16%-16.48% 6.45B
-1.54%-0.39%+100.78%-34.44% 5.72B
-1.33%-3.99%+42.60% - 5.44B
-0.75%+0.04%+68.05%+11.20% 5.29B
-1.61%0.00%-23.75%+7.02% 4.53B
-2.03%+2.55%+62.84%-28.96% 3.66B
+0.09%+2.05%+114.37%-10.97% 3.34B
Average -0.88%-0.05%+45.26%-4.17% 6.59B
Weighted average by Cap. -0.52%-0.38%+29.70%+11.62%

Financials

2026 *2027 *
Net sales 760M 187M 163M 151M 138M 262M 17.98B 266M 1.8B 706M 8.78B 701M 685M 30.31B 768M 189M 165M 152M 140M 265M 18.17B 269M 1.82B 714M 8.88B 708M 693M 30.64B
Net income 136M 33.35M 29.15M 26.96M 24.74M 46.82M 3.21B 47.64M 322M 126M 1.57B 125M 122M 5.42B 140M 34.26M 29.94M 27.69M 25.41M 48.09M 3.3B 48.93M 330M 130M 1.61B 129M 126M 5.57B
Net Debt 83.9M 20.6M 18.01M 16.65M 15.28M 28.92M 1.99B 29.43M 199M 78.02M 969M 77.37M 75.67M 3.35B 183M 44.98M 39.32M 36.36M 33.37M 63.15M 4.33B 64.25M 434M 170M 2.12B 169M 165M 7.31B
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 -0.99% 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
0.2600MYR
Average target price
0.3150MYR
Spread / Average Target
+21.15%

Annual profits - Rate of surprise

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