Valuation: Velesto Energy

Market Cap 2.11B 515M 451M 417M 384M 724M 49.64B 735M 4.99B 1.95B 24.29B 1.93B 1.89B 83.68B P/E 2026 *
17.4x
P/E 2027 * 16.6x
Enterprise Value 2.19B 535M 469M 434M 399M 753M 51.62B 765M 5.19B 2.03B 25.26B 2.01B 1.97B 87.01B EV / Sales 2026 *
2.88x
EV / Sales 2027 * 2.98x
Free-Float
45.08%
Yield 2026 *
24.4%
Yield 2027 * 11.2%
11:35am 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 week-5.56%
Current month-3.77%
1 month-12.07%
3 months-27.14%
6 months-12.07%
Current year-7.27%
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.($)
0.00%-5.56%+41.67%+13.33% 515M
+2.16%-1.05%+0.18%+45.76% 24.16B
-0.42%+2.47%+0.57%-21.52% 7B
-2.33%-6.52%+90.87%-38.71% 5.6B
-0.06%-4.34%+36.96% - 5.25B
-2.17%-5.89%+59.52%+2.53% 5.19B
+4.76%+3.12%-22.35%+17.86% 4.78B
+0.80%+4.34%+70.03%-31.53% 3.83B
-1.32%-0.82%+117.07%-18.21% 3.37B
+1.40%+4.18%+21.96%+207.58% 2.13B
Average +0.28%-1.03%+41.65%+19.68% 6.18B
Weighted average by Cap. +0.79%-1.40%+26.60%+19.51%

Financials

2026 *2027 *
Net sales 760M 186M 163M 150M 138M 261M 17.9B 265M 1.8B 705M 8.76B 697M 682M 30.18B 768M 188M 165M 152M 140M 264M 18.1B 268M 1.82B 713M 8.86B 705M 689M 30.51B
Net income 136M 33.19M 29.09M 26.89M 24.73M 46.66M 3.2B 47.41M 322M 126M 1.57B 125M 122M 5.4B 140M 34.09M 29.88M 27.62M 25.4M 47.93M 3.29B 48.7M 330M 129M 1.61B 128M 125M 5.54B
Net Debt 83.9M 20.5M 17.97M 16.61M 15.28M 28.82M 1.98B 29.29M 199M 77.85M 967M 76.98M 75.3M 3.33B 183M 44.76M 39.24M 36.27M 33.36M 62.94M 4.32B 63.95M 434M 170M 2.11B 168M 164M 7.28B
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
21/07/26 MYR 0.2550 0.00% 52,092,300
20/07/26 MYR 0.2550 +2.00% 29,414,200
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
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
0.2550MYR
Average target price
0.3150MYR
Spread / Average Target
+23.53%

Annual profits - Rate of surprise

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