Valuation: Velesto Energy

Market Cap 2.23B 546M 473M 444M 405M 761M 52.12B 773M 5.22B 2.04B 26.09B 2.05B 2.01B 87.03B P/E 2026 *
18x
P/E 2027 * 17.2x
Enterprise Value 2.32B 567M 491M 460M 420M 790M 54.08B 803M 5.42B 2.12B 27.07B 2.13B 2.08B 90.3B EV / Sales 2026 *
3.01x
EV / Sales 2027 * 3.09x
Free-Float
46.54%
Yield 2026 *
23.2%
Yield 2027 * 10.6%
08-10 UOB Kay Hian Upgrades Velesto Energy to Buy from Hold; Price Target is MYR0.29 MT
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
1 day-1.85%
1 week+8.16%
Current month+6.00%
1 month-1.85%
3 months-17.19%
6 months-13.11%
Current year-3.64%
1 week 0.24
Extreme 0.245
0.28
1 month 0.24
Extreme 0.235
0.28
Current year 0.24
Extreme 0.235
0.36
1 year 0.18
Extreme 0.185
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.
9/10/24 A Buy

Director

1,000,000 0.0122%
12/4/23 A Free

Director

2,370,000 0.0288%
9/4/23 A Sell

Director

2,009,700 0.0245%
Change 5-day change 1-year change 3-year change Capi.($)
-1.85%+8.16%+43.24%+15.22% 546M
+1.02%-1.49%+5.68%+51.02% 25.65B
+0.48%+8.85%+60.76%-16.62% 7.04B
-2.19%+1.25%-4.16%-26.49% 6.91B
+0.35%+10.85%+90.03%-33.49% 6.37B
-0.09%+10.26%+79.98%+12.99% 5.92B
-0.88%+2.26%+21.41% - 5.37B
0.00%+0.78%-19.75%+8.33% 4.91B
+0.23%+16.19%+139.94%+0.33% 4.29B
-1.09%+8.46%+95.34%-27.96% 4.2B
Average -0.50%+6.80%+51.25%-1.85% 7.12B
Weighted average by Cap. +0.01%+3.92%+37.00%+12.23%

Financials

2026 *2027 *
Net sales 769M 188M 163M 153M 139M 262M 17.97B 267M 1.8B 703M 8.99B 707M 691M 30B 782M 191M 166M 156M 142M 267M 18.28B 271M 1.83B 715M 9.15B 719M 703M 30.52B
Net income 131M 32.01M 27.75M 26.01M 23.72M 44.62M 3.05B 45.34M 306M 120M 1.53B 120M 118M 5.1B 138M 33.89M 29.37M 27.54M 25.11M 47.24M 3.23B 48M 324M 127M 1.62B 127M 124M 5.4B
Net Debt 83.9M 20.53M 17.8M 16.68M 15.21M 28.62M 1.96B 29.08M 196M 76.69M 981M 77.08M 75.41M 3.27B 183M 44.83M 38.86M 36.43M 33.22M 62.5M 4.28B 63.5M 429M 167M 2.14B 168M 165M 7.14B
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 premium jack-up drilling rigs, which can operate in water depths of up to 400 feet. Its drilling services segment is involved in the provision of drilling and well intervention services to the upstream oil and gas sector. The segment owns and operates several drilling rigs and hydraulic workover units that are chartered to oil majors for exploration, development and production activities, including offshore hydraulic workover operations to restore suspended or under-performing wells. The segment also includes investment holding entities, provision of support services, management and corporate services that are integral to the delivery of the Group’s drilling services. Its others segment includes providing premium OCTG threading, repair and inspection services, specialized training and competency development programmers.
Employees
144
Date Price Change Volume
14/08/26 MYR 0.2650 -1.85% 646,900
13/08/26 MYR 0.2700 0.00% 10,665,200
12/08/26 MYR 0.2700 +1.89% 22,908,100
11/08/26 MYR 0.2650 +1.92% 6,089,100
10/08/26 MYR 0.2600 +6.12% 43,221,300
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2700MYR
Average target price
0.3150MYR
Spread / Average Target
+16.67%

Annual profits - Rate of surprise

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