Velesto Energy Berhad (KLSE:VELESTO) - Stock Price, News & Analysis

VELESTO Stock Overview

An investment holding company, provides services for the upstream sector of the oil and gas industry in Malaysia and internationally.

About the company

VELESTO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 64.2% below our estimate of its fair value

Earnings are forecast to grow 6.27% per year

Earnings grew by 762.2% over the past year

Analysts in good agreement that stock price will rise by 50.1%

Risk Analysis

No risks detected for VELESTO from our risk checks.

Velesto Energy Berhad Competitors

Dayang Enterprise Holdings Bhd

KLSE:DAYANG

RM 2.8b

Perdana Petroleum Berhad

KLSE:PERDANA

RM 667.8m

Hibiscus Petroleum Berhad

KLSE:HIBISCS

RM 1.8b

Keyfield International Berhad

KLSE:KEYFIELD

RM 1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Velesto Energy Berhad
Historical stock prices
Current Share Price	RM 0.20
52 Week High	RM 0.32
52 Week Low	RM 0.18
Beta	1.1
11 Month Change	5.13%
3 Month Change	-24.07%
1 Year Change	-16.33%
33 Year Change	32.26%
5 Year Change	-35.94%
Change since IPO	-93.39%

We Think Velesto Energy Berhad (KLSE:VELESTO) Can Manage Its Debt With Ease

Jul 02

Recent updates

We Think Velesto Energy Berhad (KLSE:VELESTO) Can Manage Its Debt With Ease

Jul 02

Velesto Energy Berhad Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Mar 03

Velesto Energy Berhad (KLSE:VELESTO) Is Experiencing Growth In Returns On Capital

Feb 18

Is Velesto Energy Berhad (KLSE:VELESTO) A Risky Investment?

Jan 14

Velesto Energy Berhad (KLSE:VELESTO) Is Looking To Continue Growing Its Returns On Capital

Nov 18

Is There An Opportunity With Velesto Energy Berhad's (KLSE:VELESTO) 30% Undervaluation?

Oct 08

Is Velesto Energy Berhad (KLSE:VELESTO) Using Too Much Debt?

Jul 28

Downgrade: Here's How Analysts See Velesto Energy Berhad (KLSE:VELESTO) Performing In The Near Term

Jun 02

Shareholder Returns

	VELESTO	MY Energy Services	MY Market
7D	5.1%	1.8%	-1.2%
1Y	-16.3%	8.1%	13.0%

Return vs Industry: VELESTO underperformed the MY Energy Services industry which returned 8.1% over the past year.

Return vs Market: VELESTO underperformed the MY Market which returned 13% over the past year.

Price Volatility

Is VELESTO's price volatile compared to industry and market?
VELESTO volatility
VELESTO Average Weekly Movement	7.0%
Energy Services Industry Average Movement	7.0%
Market Average Movement	6.0%
10% most volatile stocks in MY Market	11.0%
10% least volatile stocks in MY Market	3.0%

Stable Share Price: VELESTO has not had significant price volatility in the past 3 months compared to the MY market.

Volatility Over Time: VELESTO's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	171	n/a	velesto.com

Velesto Energy Berhad, an investment holding company, provides services for the upstream sector of the oil and gas industry in Malaysia and internationally. It operates through Drilling Services, Integrated Services, and Oilfield Services segments. The Drilling Services segment provides drilling services to the upstream oil and gas sector; and owns and operates several drilling rigs which are chartered out to oil majors for their exploration, development, and production activities.

Velesto Energy Berhad Fundamentals Summary

How do Velesto Energy Berhad's earnings and revenue compare to its market cap?
VELESTO fundamental statistics
Market cap	RM 1.68b
Earnings (TTM)	RM 177.52m
Revenue (TTM)	RM 1.38b

9.5x

P/E Ratio

1.2x

P/S Ratio

Is VELESTO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VELESTO income statement (TTM)
Revenue	RM 1.38b
Cost of Revenue	RM 553.13m
Gross Profit	RM 826.14m
Other Expenses	RM 648.61m
Earnings	RM 177.52m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.022
Gross Margin	59.90%
Net Profit Margin	12.87%
Debt/Equity Ratio	13.3%

How did VELESTO perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

12%

Payout Ratio

Does VELESTO pay a reliable dividends?

See VELESTO dividend history and benchmarks

When do you need to buy VELESTO by to receive an upcoming dividend?
Velesto Energy Berhad dividend dates
Ex Dividend Date	Oct 29 2024
Dividend Pay Date	Nov 28 2024
Days until Ex dividend	22 days
Days until Dividend pay date	52 days

Does VELESTO pay a reliable dividends?

See VELESTO dividend history and benchmarks

VELESTO Stock Overview

Rewards

Risk Analysis

Velesto Energy Berhad Competitors

KLSE:DAYANG

RM 2.8b

KLSE:PERDANA

RM 667.8m

KLSE:HIBISCS

RM 1.8b

KLSE:KEYFIELD

RM 1.8b

Price History & Performance

Recent News & Updates

Second quarter 2024 earnings released: EPS: RM0.008 (vs RM0.002 in 2Q 2023)

Velesto Energy Berhad Announces Redesignation of Puan Rowina Ghazali Seth as Independent and Non Executive Chairman of Nomination and Remuneration Committee from Member of Nomination and Remuneration Committee

We Think Velesto Energy Berhad (KLSE:VELESTO) Can Manage Its Debt With Ease

Velesto Energy Berhad, Annual General Meeting, May 30, 2024

Consensus EPS estimates increase by 15%

Price target increased by 7.6% to RM0.32

Recent updates

Second quarter 2024 earnings released: EPS: RM0.008 (vs RM0.002 in 2Q 2023)

Velesto Energy Berhad Announces Redesignation of Puan Rowina Ghazali Seth as Independent and Non Executive Chairman of Nomination and Remuneration Committee from Member of Nomination and Remuneration Committee

We Think Velesto Energy Berhad (KLSE:VELESTO) Can Manage Its Debt With Ease

Velesto Energy Berhad, Annual General Meeting, May 30, 2024

Consensus EPS estimates increase by 15%

Price target increased by 7.6% to RM0.32

Velesto Energy Berhad Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Velesto Energy Berhad Appoints Encik Alan Hamzah Sendut as Independent and Non Executive Director

Velesto Energy Berhad Appoints Encik Alan Hamzah Sendut as Independent and Non Executive Chairman of Audit Committee

Price target increased by 7.7% to RM0.30

Velesto Energy Berhad Announces Resignation of Tong Poh Keow as Independent and Non Executive Director, Effective on December 1, 2023

Third quarter 2023 earnings released: EPS: RM0 (vs RM0.002 in 3Q 2022)

Price target increased by 7.1% to RM0.27

High number of new directors

Velesto Energy Berhad Announces Appointment of Encik Fadzihan Abbas Bin Mohamed Ramlee as Member of Risk Committee

Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.005 loss in 2Q 2022)

Now 20% undervalued

First quarter 2023 earnings released: EPS: RM0.002 (vs RM0.006 loss in 1Q 2022)

Are Investors Undervaluing Velesto Energy Berhad (KLSE:VELESTO) By 29%?

Now 22% undervalued

Now 23% undervalued after recent price drop

Now 20% undervalued

Here's Why Velesto Energy Berhad (KLSE:VELESTO) Can Afford Some Debt

Now 25% undervalued

Full year 2022 earnings released: RM0.012 loss per share (vs RM0.011 loss in FY 2021)

Third quarter 2022 earnings released: EPS: RM0.002 (vs RM0.006 loss in 3Q 2021)

Price target increased to RM0.18

High number of new directors

Now 22% undervalued

Velesto Energy Berhad (KLSE:VELESTO) Is Carrying A Fair Bit Of Debt

Price target decreased to RM0.14

Velesto Energy Berhad Announces Changes in Board of Directors' Committees' Composition

Velesto Energy Berhad Announces Appointment of Encik Mohd Irwan Bin Ahmad Mustafa as Non Independent and Non Executive Member of Risk Committee

Second quarter 2022 earnings released: RM0.005 loss per share (vs RM0.002 profit in 2Q 2021)

Velesto Energy Berhad Announces Appointment of Ahila A/P Ganesan as Independent and Non Executive Director

Here's Why Velesto Energy Berhad (KLSE:VELESTO) Can Afford Some Debt

Velesto Energy Berhad Announces Cessation of Encik Adrin Shafil Bin Ahmad Nasir as Chief Operating Officer

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Velesto Energy Berhad Announces Appointment of Mohd Shahreen Zainooreen Bin Madros as Senior Independent Non-Executive Director

Now 22% undervalued after recent price drop

Velesto Energy Berhad Announces Resignation of Encik Razalee Bin Amin as Member of Risk Committee, Effective 02 May 2022

High number of new directors

Now 22% undervalued after recent price drop

High number of new directors

Now 22% undervalued after recent price drop

Full year 2021 earnings: EPS and revenues miss analyst expectations

High number of new directors

Velesto Energy Berhad Appoints Megat Zariman Bin Abdul Rahim as Executive Director, Effective February 25, 2022

Velesto Energy Berhad (KLSE:VELESTO) Is Experiencing Growth In Returns On Capital

Is Velesto Energy Berhad (KLSE:VELESTO) A Risky Investment?

Consensus EPS estimates fall to -RM0.019

Price target decreased to RM0.17

Velesto Energy Berhad (KLSE:VELESTO) Is Looking To Continue Growing Its Returns On Capital

Is There An Opportunity With Velesto Energy Berhad's (KLSE:VELESTO) 30% Undervaluation?

High number of new directors

High number of new directors

High number of new directors

High number of new directors