Valuation: Velesto Energy

Market Cap 2.07B 506M 440M 409M 376M 709M 48.28B 720M 4.82B 1.89B 24.04B 1.9B 1.86B 80.59B P/E 2026 *
16.9x
P/E 2027 * 16.1x
Enterprise Value 2.15B 526M 457M 426M 391M 738M 50.24B 750M 5.02B 1.97B 25.01B 1.98B 1.93B 83.87B EV / Sales 2026 *
2.82x
EV / Sales 2027 * 2.92x
Free-Float
46.54%
Yield 2026 *
24.9%
Yield 2027 * 11.4%
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+2.04%
1 week-3.85%
1 month-5.66%
3 months-26.47%
6 months-18.03%
Current year-9.09%
1 week 0.24
Extreme 0.235
0.26
1 month 0.24
Extreme 0.235
0.3
Current year 0.24
Extreme 0.235
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.
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.($)
+2.04%-3.85%+38.89%+8.70% 506M
+1.22%+1.75%-.--%+44.06% 25.34B
-1.94%+0.43%+2.02%-25.40% 7.17B
+1.05%-4.21%+61.25%-20.23% 6.77B
+4.72%-0.56%+88.65%-36.44% 5.94B
+4.78%-0.43%+74.89%+4.31% 5.48B
+1.59%-.--%-15.79%+8.47% 4.91B
+3.06%-4.72%+36.65% - 4.89B
+6.40%+2.75%+89.17%-33.33% 3.98B
+2.37%-2.18%+120.75%-22.17% 3.45B
Average +2.53%-2.14%+49.65%-8.00% 6.84B
Weighted average by Cap. +1.98%-0.76%+33.01%+6.95%

Financials

2026 *2027 *
Net sales 763M 187M 162M 151M 139M 262M 17.83B 266M 1.78B 699M 8.87B 701M 686M 29.76B 770M 188M 164M 153M 140M 264M 17.99B 269M 1.8B 706M 8.96B 708M 692M 30.04B
Net income 138M 33.67M 29.27M 27.24M 25.01M 47.23M 3.21B 47.97M 321M 126M 1.6B 126M 124M 5.37B 141M 34.42M 29.92M 27.85M 25.57M 48.28M 3.29B 49.03M 328M 129M 1.64B 129M 126M 5.48B
Net Debt 83.9M 20.54M 17.85M 16.62M 15.26M 28.81M 1.96B 29.26M 196M 76.87M 976M 77.13M 75.43M 3.27B 183M 44.84M 38.98M 36.28M 33.31M 62.91M 4.28B 63.88M 428M 168M 2.13B 168M 165M 7.15B
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
31/07/26 MYR 0.2500 +2.04% 9,841,600
30/07/26 MYR 0.2450 -.--% 12,197,700
29/07/26 MYR 0.2450 -.--% 49,247,100
28/07/26 MYR 0.2450 -3.92% 33,461,400
27/07/26 MYR 0.2550 -1.92% 16,040,500
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2500MYR
Average target price
0.3175MYR
Spread / Average Target
+27.00%

Annual profits - Rate of surprise

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