Valuation: Velesto Energy

Market Cap 2.15B 525M 462M 429M 394M 739M 50.73B 751M 5.1B 1.99B 24.93B 1.97B 1.93B 85.97B P/E 2026 *
17.5x
P/E 2027 * 16.8x
Enterprise Value 2.23B 546M 480M 446M 410M 768M 52.72B 780M 5.3B 2.07B 25.91B 2.05B 2.01B 89.33B 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%
1 week+4.00%
Current month-1.89%
1 month-7.14%
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.
3/18/26 A Fiscal year

Chairperson

7,524,000 0.0916%
3/18/26 A Fiscal year

Chairperson

7,524,000 0.0916%
9/10/24 A Buy

Director

1,000,000 0.0122%
Change 5-day change 1-year change 3-year change Capi.($)
-1.89%+4.00%+40.54%+13.04% 525M
+0.35%+1.78%+0.35%+43.00% 24.9B
-1.95%+4.29%+0.14%-22.61% 6.95B
-0.53%+3.88%+52.17%-17.68% 6.9B
+0.56%+4.09%+78.33%-37.35% 5.97B
+0.48%+3.91%+57.52%+4.85% 5.51B
0.00%-2.76%+39.21% - 5.29B
-5.88%+4.92%-22.89%+12.28% 4.78B
-1.35%+1.80%+72.30%-33.59% 3.87B
+0.77%+3.51%+111.11%-16.79% 3.53B
Average -0.94%+2.94%+42.88%-6.09% 6.82B
Weighted average by Cap. -0.50%+2.60%+28.52%+7.49%

Financials

2026 *2027 *
Net sales 763M 187M 164M 152M 140M 262M 18.02B 267M 1.81B 708M 8.85B 700M 685M 30.53B 770M 188M 166M 154M 141M 265M 18.19B 269M 1.83B 714M 8.94B 707M 692M 30.82B
Net income 138M 33.65M 29.59M 27.49M 25.25M 47.32M 3.25B 48.06M 327M 128M 1.6B 126M 124M 5.51B 141M 34.39M 30.24M 28.1M 25.81M 48.37M 3.32B 49.12M 334M 130M 1.63B 129M 126M 5.63B
Net Debt 83.9M 20.52M 18.05M 16.77M 15.4M 28.86M 1.98B 29.31M 199M 77.83M 974M 77.02M 75.38M 3.36B 183M 44.81M 39.41M 36.62M 33.63M 63.02M 4.33B 64.01M 435M 170M 2.13B 168M 165M 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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