Valuation: Velesto Energy

Market Cap 1.98B 487M 422M 399M 361M 678M 46.73B 683M 4.76B 1.83B 23.69B 1.83B 1.79B 75.56B P/E 2026 *
19.5x
P/E 2027 * 16.2x
Enterprise Value 2.07B 508M 440M 416M 376M 707M 48.7B 712M 4.96B 1.91B 24.69B 1.91B 1.86B 78.75B EV / Sales 2026 *
2.82x
EV / Sales 2027 * 2.78x
Free-Float
46.54%
Yield 2026 *
17%
Yield 2027 * 11.5%
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
03/07 BIMB Securities Upgrades Velesto Energy to Buy From Hold; Price Target is MYR0.32 MT
1 week-4.00%
Current month-2.04%
1 month-11.11%
3 months-17.24%
6 months-27.27%
Current year-12.73%
1 week 0.24
Extreme 0.235
0.26
1 month 0.22
Extreme 0.225
0.27
Current year 0.22
Extreme 0.225
0.36
1 year 0.22
Extreme 0.22
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
Director of Finance/CFO 61 01/06/2020
President 59 25/02/2022
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.($)
0.00%-4.00%+4.35%-7.69% 487M
0.00%-1.87%+2.85%+48.33% 25.12B
-1.14%+1.11%+11.96%-18.72% 7.24B
+6.08%+1.44%+52.37%-12.19% 7.43B
+8.99%+3.12%+79.46%-28.52% 6.63B
+8.56%+3.18%+70.46%+16.58% 6.13B
-3.47%-3.31%+14.84% - 4.98B
0.00%-4.93%-15.62%+10.66% 4.84B
+2.33%+0.39%+134.94%-18.42% 4.85B
+1.92%-0.59%+107.80%-4.42% 4.34B
Average +1.34%+0.37%+46.34%-1.60% 7.21B
Weighted average by Cap. +1.19%+0.43%+36.48%+12.52%

Financials

2026 *2027 *
Net sales 733M 180M 156M 147M 133M 250M 17.27B 252M 1.76B 677M 8.75B 676M 661M 27.92B 779M 191M 166M 157M 142M 266M 18.35B 268M 1.87B 720M 9.31B 719M 703M 29.68B
Net income 111M 27.36M 23.7M 22.41M 20.29M 38.08M 2.62B 38.37M 267M 103M 1.33B 103M 101M 4.24B 136M 33.5M 29.02M 27.44M 24.84M 46.62M 3.21B 46.97M 327M 126M 1.63B 126M 123M 5.2B
Net Debt 83.9M 20.6M 17.85M 16.88M 15.28M 28.68M 1.98B 28.89M 201M 77.48M 1B 77.4M 75.68M 3.2B 183M 44.99M 38.97M 36.85M 33.36M 62.61M 4.32B 63.09M 440M 169M 2.19B 169M 165M 6.98B
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
15/09/26 MYR 0.2400 0.00% 12,370,500
14/09/26 MYR 0.2400 -4.00% 25,645,500
11/09/26 MYR 0.2500 +2.04% 9,404,700
10/09/26 MYR 0.2450 0.00% 7,233,400
09/09/26 MYR 0.2450 -2.00% 4,681,100
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.2400MYR
Average target price
0.3012MYR
Spread / Average Target
+25.52%

Annual profits - Rate of surprise

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