Valuation: Velesto Energy

Market Cap 214.81Cr 53Cr 46Cr 43Cr 39Cr 74Cr 5.08TCr 75Cr 508.49Cr 199.75Cr 2.48TCr 198.08Cr 193.73Cr 8.57TCr P/E 2026 *
17.7x
P/E 2027 * 17x
Enterprise Value 223.2Cr 55Cr 48Cr 44Cr 41Cr 77Cr 5.28TCr 78Cr 528.35Cr 207.55Cr 2.58TCr 205.82Cr 201.3Cr 8.9TCr EV / Sales 2026 *
2.94x
EV / Sales 2027 * 3.04x
Free-Float
45.08%
Yield 2026 *
24%
Yield 2027 * 11%
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
05/06 Velesto Energy Bhd Announces Appointment of Nasution Mohamed as Non Independent and Non Executive Chairman, Effective June 5, 2026 CI
04/06 Velesto Energy Berhad Announces Board Committee Changes, Effective June 4, 2026 CI
04/06 Velesto Energy Berhad Announces Retirement of Puan Rowina Ghazali Seth as Independent and Non Executive Member of Audit Committee, Effective June 4, 2026 CI
04/06 Velesto Energy Berhad Announces Retirement of Encik Mohd Rashid Bin Mohd Yusof as Non Independent and Non Executive Chairman, Effective June 4, 2026 CI
04/06 Velesto Energy Berhad Announces Retirement of Puan Haida Shenny Binti Hazri as Non Independent and Non Executive Director, Effective June 4, 2026 CI
04/06 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
04/06 Velesto Energy Berhad Announces Retirement of Puan Rowina Ghazali Seth as Independent and Non Executive Director, Effective June 4, 2026 CI
04/06 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
04/06 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
04/06 Velesto Energy Berhad Announces Redesignation of Dr. Mohd Shahreen Zainooreen Bin Madros from Member of Risk Committee to Chairman of Risk Committee, Effective June 04, 2026 CI
1 day-0.99%
1 week-13.79%
Current month-5.66%
1 month-13.79%
3 months-26.47%
6 months-9.09%
Current year-9.09%
1 week 0.25
Extreme 0.25
0.3
1 month 0.25
Extreme 0.25
0.3
Current year 0.25
Extreme 0.25
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.
18/03/26 Fiscal year

Chairperson

75,24,000 0.0916%
18/03/26 Fiscal year

Chairperson

75,24,000 0.0916%
10/09/24 Buy

Director

10,00,000 0.0122%
Change 5-day change 1-year change 3-year change Capi.($)
-0.99%-13.79%+38.89%+8.70% 53Cr
+0.72%-2.94%-2.43%+50.27% 2.43TCr
-0.44%+4.16%-0.59%-23.27% 667.33Cr
+0.06%+4.32%+52.16%-16.48% 644.88Cr
-0.10%-0.87%+98.27%-34.99% 571.62Cr
-1.33%-3.99%+42.60% - 544.22Cr
-0.19%-1.16%+61.82%+9.89% 528.81Cr
-1.61%0.00%-23.75%+7.02% 452.76Cr
+3.27%+6.34%+65.59%-29.93% 365.95Cr
+1.03%+1.77%+112.13%-11.34% 333.97Cr
Average +0.10%-0.05%+44.47%-4.46% 659.17Cr
Weighted average by Cap. +0.26%-0.38%+29.15%+11.59%

Financials

2026 *2027 *
Net sales 76Cr 19Cr 16Cr 15Cr 14Cr 26Cr 1.8TCr 27Cr 179.84Cr 71Cr 877.8Cr 70Cr 69Cr 3.03TCr 77Cr 19Cr 16Cr 15Cr 14Cr 26Cr 1.82TCr 27Cr 181.83Cr 71Cr 887.52Cr 71Cr 69Cr 3.06TCr
Net income 14Cr 3.34Cr 2.92Cr 2.7Cr 2.47Cr 4.68Cr 321.37Cr 4.76Cr 32Cr 13Cr 156.94Cr 13Cr 12Cr 541.82Cr 14Cr 3.43Cr 2.99Cr 2.77Cr 2.54Cr 4.81Cr 330.1Cr 4.89Cr 33Cr 13Cr 161.2Cr 13Cr 13Cr 556.53Cr
Net Debt 8.39Cr 2.06Cr 1.8Cr 1.67Cr 1.53Cr 2.89Cr 198.52Cr 2.94Cr 20Cr 7.8Cr 97Cr 7.74Cr 7.57Cr 334.68Cr 18Cr 4.5Cr 3.93Cr 3.64Cr 3.34Cr 6.32Cr 433.47Cr 6.43Cr 43Cr 17Cr 211.68Cr 17Cr 17Cr 730.8Cr
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
17/26/17 MYR 0.2500 -0.99% 1,90,07,800
16/26/16 MYR 0.2600 -1.89% 3,82,80,500
15/26/15 MYR 0.2650 -1.85% 90,87,200
14/26/14 MYR 0.2700 -5.26% 14,41,58,500
13/26/13 MYR 0.2850 -1.72% 83,36,700
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
0.2600MYR
Average target price
0.3150MYR
Spread / Average Target
+21.15%

Annual profits - Rate of surprise

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