Valuation: Velesto Energy

Market Cap 198.35Cr 49Cr 42Cr 40Cr 36Cr 68Cr 4.66TCr 68Cr 478.4Cr 184.39Cr 2.37TCr 182.72Cr 178.68Cr 7.66TCr P/E 2026 *
19.5x
P/E 2027 * 16.2x
Enterprise Value 206.74Cr 51Cr 44Cr 42Cr 38Cr 71Cr 4.86TCr 71Cr 498.64Cr 192.19Cr 2.47TCr 190.45Cr 186.23Cr 7.98TCr 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
Current month-2.04%
1 month-2.04%
3 months-17.24%
6 months-28.36%
Current year-12.73%
1 week 0.24
Extreme 0.24
0.25
1 month 0.22
Extreme 0.225
0.26
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
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
18/03/26 Exercice

Chairperson

75,24,000 0.0916%
18/03/26 Exercice

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.($)
0.00%0.00%0.00%-5.88% 49Cr
+0.18%-1.39%-4.69%+42.96% 2.47TCr
-3.25%-5.40%+10.71%-19.39% 730.9Cr
-0.36%+0.68%+56.44%-12.70% 705.62Cr
-3.37%0.00%+64.16%-31.45% 608.7Cr
-2.35%+0.64%+62.51%+12.04% 567.92Cr
+0.36%-0.18%+7.77% - 494.12Cr
-2.99%-3.70%-15.58%+1.56% 501.37Cr
-3.06%-8.05%+113.46%-20.80% 435.54Cr
-1.52%-5.49%+96.15%-5.58% 402.65Cr
Average -1.60%-2.09%+39.09%-4.36% 696.85Cr
Weighted average by Cap. -1.24%-2.08%+27.95%+9.27%

Financials

2026 *2027 *
Net sales 73Cr 18Cr 16Cr 15Cr 13Cr 25Cr 1.72TCr 25Cr 176.77Cr 68Cr 877.19Cr 68Cr 66Cr 2.83TCr 78Cr 19Cr 17Cr 16Cr 14Cr 27Cr 1.83TCr 27Cr 187.92Cr 72Cr 932.53Cr 72Cr 70Cr 3.01TCr
Net income 11Cr 2.73Cr 2.38Cr 2.24Cr 2.04Cr 3.83Cr 261.8Cr 3.84Cr 27Cr 10Cr 133.36Cr 10Cr 10Cr 430.34Cr 14Cr 3.35Cr 2.92Cr 2.75Cr 2.5Cr 4.69Cr 320.48Cr 4.7Cr 33Cr 13Cr 163.25Cr 13Cr 12Cr 526.8Cr
Net Debt 8.39Cr 2.06Cr 1.79Cr 1.69Cr 1.54Cr 2.89Cr 197.13Cr 2.89Cr 20Cr 7.8Cr 100.42Cr 7.73Cr 7.56Cr 324.04Cr 18Cr 4.49Cr 3.92Cr 3.69Cr 3.36Cr 6.3Cr 430.44Cr 6.31Cr 44Cr 17Cr 219.26Cr 17Cr 17Cr 707.55Cr
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
22/26/22 MYR 0.2400 0.00% 3,46,28,400
21/26/21 MYR 0.2400 -4.00% 87,26,200
18/26/18 MYR 0.2500 +2.04% 88,01,100
17/26/17 MYR 0.2450 +2.08% 1,56,75,100
15/26/15 MYR 0.2400 0.00% 1,23,70,500
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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-40%: Exceptional extension
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