Valuation: Velesto Energy

Market Cap 1.36B 336M 301M 275M 251M 474M 31.58B 488M 3.32B 1.32B 16.85B 1.26B 1.23B 53.19B P/E 2026 *
14.1x
P/E 2027 * 11.8x
Enterprise Value 1.45B 357M 320M 292M 267M 503M 33.52B 519M 3.52B 1.4B 17.89B 1.34B 1.31B 56.46B EV / Sales 2026 *
1.96x
EV / Sales 2027 * 2.05x
Free-Float
46.54%
Yield 2026 *
20.5%
Yield 2027 * 17.6%
04/11 Velesto Energy Unit Secures Offshore Drilling Rig Contract From Petronas Carigali MT
01/09 Velesto Energy Berhad Announces Cessation of Alan Hamzah Sendut as Member of the Board Governance & Risk Committee, Effective September 1, 2026 CI
01/09 Velesto Energy Berhad Announces Cessation of Ainul Azhar Bin Ainul Jamal as Board Governance & Risk Committee, Effective September 1, 2026 CI
01/09 Velesto Energy Berhad Appoints Yap Swee Yoke as Member of Risk Committee, Effective September 1, 2026 CI
01/09 Velesto Energy Berhad Announces Cessation of Ahila A/P Ganesan as Member of Nomination and Remuneration Committee, Effective September 1, 2026 CI
01/09 VELESTO ENERGY BERHAD Announces Appointment of Yap Swee Yoke as Member of Nomination and Remuneration Committee, Effective September 1, 2026 CI
01/09 Velesto Energy Berhad Appoints Puan Yap Swee Yoke as Independent and Non Executive Director on September 1, 2026 CI
21/08 Velesto Energy Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026 CI
21/08 Velesto Energy Berhad Declares Single-Tier Second Interim Dividend for the Financial Year Ending December 31, 2026, Payable on November 18, 2026 CI
10/08 UOB Kay Hian Upgrades Velesto Energy to Buy from Hold; Price Target is MYR0.29 MT
21/07 Kenanga Investment Bank Upgrades Velesto Energy to Outperform from Market Perform; Price Target is MYR0.32 MT
14/07 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
1 day-8.33%
1 week-13.16%
Current month-15.38%
1 month-23.26%
3 months-35.29%
6 months-50.00%
Current year-40.00%
1 week 0.16
Extreme 0.16
0.2
1 month 0.16
Extreme 0.16
0.23
Current year 0.16
Extreme 0.16
0.36
1 year 0.16
Extreme 0.16
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
0.94
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 63 25/08/2021
Director/Board Member 59 25/02/2022
Director/Board Member 50 12/08/2022
Date Insider Type Main position Quantity % Market Cap. Importance
18/3/26 Exercice

Chairperson

7,524,000 0.0916%
18/3/26 Exercice

Chairperson

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

Director

1,000,000 0.0122%
Change 5-day change 1-year change 3-year change Capi.($)
-8.33%-13.16%-34.00%-35.29% 368M
-0.35%+0.17%+3.97%+50.79% 25.17B
-0.42%-7.31%-8.15%-22.40% 7.32B
+4.41%-23.13%+36.79%-19.77% 5.7B
+4.62%-23.06%+49.83%+21.01% 5.37B
+1.67%-3.30%+3.03%-13.27% 5B
-0.76%+4.00%-16.67%+18.18% 4.74B
+1.76%-23.76%+67.30%-18.69% 3.78B
+2.55%-16.88%+35.57%-10.10% 3.47B
-1.49%-8.72%+25.95%+148.13% 2.61B
Average +0.36%-10.33%+16.36%+11.86% 6.35B
Weighted average by Cap. +0.80%-7.17%+13.95%+22.07%

Financials

2026 *2027 *
Net sales 740M 182M 164M 149M 136M 257M 17.14B 265M 1.8B 718M 9.15B 684M 670M 28.87B 754M 186M 167M 152M 139M 262M 17.47B 270M 1.84B 732M 9.32B 697M 682M 29.42B
Net income 111M 27.45M 24.62M 22.5M 20.54M 38.7M 2.58B 39.92M 271M 108M 1.38B 103M 101M 4.35B 122M 30M 26.91M 24.59M 22.45M 42.3M 2.82B 43.63M 296M 118M 1.5B 113M 110M 4.75B
Net Debt 83.9M 20.67M 18.54M 16.94M 15.46M 29.14M 1.94B 30.06M 204M 81.43M 1.04B 77.58M 75.91M 3.27B 183M 45.13M 40.48M 36.99M 33.77M 63.62M 4.24B 65.63M 446M 178M 2.26B 169M 166M 7.15B
Projected Income Statement - Annual - Velesto Energy
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
06/11/26 MYR 0.1650 -8.33% 50,204,300
05/11/26 MYR 0.1800 0.00% 44,419,200
04/11/26 MYR 0.1800 0.00% 25,024,900
03/11/26 MYR 0.1800 -2.70% 7,560,900
02/11/26 MYR 0.1850 -5.13% 15,759,900
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - Velesto Energy
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.1650MYR
Average target price
0.2762MYR
Spread / Average Target
+67.42%

Annual profits - Rate of surprise

Rate of surprise - EPS - Annual - Velesto Energy
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