Velesto Energy Berhad Past Earnings Performance

Past criteria checks 5/6

Velesto Energy Berhad has been growing earnings at an average annual rate of 22.2%, while the Energy Services industry saw earnings growing at 29.9% annually. Revenues have been growing at an average rate of 17% per year. Velesto Energy Berhad's return on equity is 6.8%, and it has net margins of 12.9%.

Key information

22.2%

Earnings growth rate

22.2%

EPS growth rate

Energy Services Industry Growth	12.7%
Revenue growth rate	17.0%
Return on equity	6.8%
Net Margin	12.9%
Last Earnings Update	30 Jun 2024

Recent past performance updates

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

Revenue & Expenses Breakdown

How Velesto Energy Berhad makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

KLSE:VELESTO Revenue, expenses and earnings (MYR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	1,379	178	227
31 Mar 24	1,265	132	227
31 Dec 23	1,214	100	227
30 Sep 23	1,099	7	164
30 Jun 23	983	21	164
31 Mar 23	791	-40	164
31 Dec 22	581	-100	164
30 Sep 22	496	-69	120
30 Jun 22	414	-136	120
31 Mar 22	411	-77	120
31 Dec 21	378	-91	120
30 Sep 21	318	-590	125
30 Jun 21	357	-537	125
31 Mar 21	415	-569	125
31 Dec 20	547	-492	125
30 Sep 20	626	12	154
30 Jun 20	704	45	154
31 Mar 20	720	72	154
31 Dec 19	671	33	154
30 Sep 19	683	36	137
30 Jun 19	624	-11	137
31 Mar 19	579	-47	137
31 Dec 18	574	-20	137
30 Sep 18	576	-1,008	133
30 Jun 18	606	-991	133
31 Mar 18	634	-1,018	133
31 Dec 17	587	-1,127	133
30 Sep 17	448	-1,061	149
30 Jun 17	318	-1,200	149
31 Mar 17	308	-1,216	149
31 Dec 16	321	-1,177	149
30 Sep 16	399	-674	249
30 Jun 16	562	-538	249
31 Mar 16	615	-467	249
31 Dec 15	840	-369	249
30 Sep 15	1,035	109	271
30 Jun 15	1,077	175	271
31 Mar 15	1,132	230	271
31 Dec 14	1,015	252	271
30 Sep 14	896	232	204
30 Jun 14	847	217	204
31 Mar 14	771	200	159
31 Dec 13	738	191	204

Quality Earnings: VELESTO has high quality earnings.

Growing Profit Margin: VELESTO's current net profit margins (12.9%) are higher than last year (2.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VELESTO has become profitable over the past 5 years, growing earnings by 22.2% per year.

Accelerating Growth: VELESTO's earnings growth over the past year (762.2%) exceeds its 5-year average (22.2% per year).

Earnings vs Industry: VELESTO earnings growth over the past year (762.2%) exceeded the Energy Services industry 59.2%.

Velesto Energy Berhad Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

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

Full year 2023 earnings: EPS and revenues exceed analyst expectations

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

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

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

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

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

High number of new directors

High number of new directors

Second quarter 2021 earnings released: EPS RM0.002 (vs RM0.002 loss in 2Q 2020)

Independent Non Executive Director Dayang Binti Johari has left the company

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

Independent Non-Executive Director Ibrahim Bin Marsidi has left the company

Non Independent Non-Executive Director Rizal Bin Ramli has left the company

Consensus revenue estimates fall to RM398.9m

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

Full year 2020 earnings released: RM0.06 loss per share (vs RM0.004 profit in FY 2019)