Valuation: Velesto Energy

Market Cap 1.36B 337M 300M 275M 250M 471M 31.84B 484M 3.3B 1.32B 16.86B 1.26B 1.24B 53.22B P/E 2026 *
14.1x
P/E 2027 * 11.8x
Enterprise Value 1.45B 358M 319M 292M 266M 500M 33.8B 514M 3.5B 1.4B 17.9B 1.34B 1.31B 56.49B EV / Sales 2026 *
1.96x
EV / Sales 2027 * 2.05x
Free-Float
46.54%
Yield 2026 *
20.5%
Yield 2027 * 17.6%
11-04 Velesto Energy Unit Secures Offshore Drilling Rig Contract From Petronas Carigali MT
09-01 Velesto Energy Berhad Announces Cessation of Alan Hamzah Sendut as Member of the Board Governance & Risk Committee, Effective September 1, 2026 CI
09-01 Velesto Energy Berhad Announces Cessation of Ainul Azhar Bin Ainul Jamal as Board Governance & Risk Committee, Effective September 1, 2026 CI
09-01 Velesto Energy Berhad Appoints Yap Swee Yoke as Member of Risk Committee, Effective September 1, 2026 CI
09-01 Velesto Energy Berhad Announces Cessation of Ahila A/P Ganesan as Member of Nomination and Remuneration Committee, Effective September 1, 2026 CI
09-01 VELESTO ENERGY BERHAD Announces Appointment of Yap Swee Yoke as Member of Nomination and Remuneration Committee, Effective September 1, 2026 CI
09-01 Velesto Energy Berhad Appoints Puan Yap Swee Yoke as Independent and Non Executive Director on September 1, 2026 CI
08-21 Velesto Energy Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026 CI
08-21 Velesto Energy Berhad Declares Single-Tier Second Interim Dividend for the Financial Year Ending December 31, 2026, Payable on November 18, 2026 CI
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
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
+4.61%-23.05%+36.92%-19.70% 5.7B
+5.00%-23.00%+49.94%+21.10% 5.37B
+1.67%-3.30%+3.03%-13.27% 5B
-0.76%+4.00%-16.67%+18.18% 4.74B
+2.16%-23.57%+67.71%-18.49% 3.78B
+3.04%-16.61%+36.00%-9.81% 3.47B
-1.49%-8.72%+25.95%+148.13% 2.61B
Average +0.51%-10.33%+16.47%+11.92% 6.35B
Weighted average by Cap. +0.91%-7.17%+14.02%+22.11%

Financials

2026 *2027 *
Net sales 740M 183M 163M 149M 136M 256M 17.29B 263M 1.79B 716M 9.15B 687M 672M 28.89B 754M 186M 166M 152M 138M 261M 17.61B 268M 1.82B 730M 9.33B 700M 685M 29.43B
Net income 111M 27.53M 24.54M 22.44M 20.44M 38.53M 2.6B 39.56M 270M 108M 1.38B 103M 101M 4.35B 122M 30.1M 26.82M 24.53M 22.34M 42.11M 2.84B 43.25M 295M 118M 1.51B 113M 111M 4.75B
Net Debt 83.9M 20.73M 18.47M 16.9M 15.39M 29.01M 1.96B 29.79M 203M 81.18M 1.04B 77.82M 76.15M 3.27B 183M 45.27M 40.34M 36.9M 33.6M 63.34M 4.28B 65.05M 443M 177M 2.27B 170M 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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