Financials Velesto Energy

Equities

VELESTO

MYL5243OO000

Oil & Gas Drilling

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
0.255 ^MYR	-1.92%		-5.56%	+10.87%

Jul. 10	Tvelesto Energy Berhad Announces Appointment of Mrs. Ahila A/P Ganesan as Independent and Non Executive Member of Nomination and Remuneration Committee	CI
Jul. 10	Velesto Energy Berhad Announces Retirement of Encik Fadzihan Abbas Bin Mohamed Ramlee as Independent and Non Executive Non Executive Member of Risk Committee	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,122	1,150	985.9	1,232	1,890	2,095	-	-
Enterprise Value (EV) ¹	4,067	1,943	1,274	1,674	2,123	2,169	1,914	1,557
P/E ratio	95 x	-2.34 x	-10.8 x	-12.3 x	19 x	13.4 x	10.5 x	9.36 x
Yield	-	-	-	-	1.09%	1.5%	1.89%	1.89%
Capitalization / Revenue	4.65 x	2.1 x	2.61 x	2.12 x	1.56 x	1.64 x	1.58 x	1.65 x
EV / Revenue	6.06 x	3.55 x	3.38 x	2.88 x	1.75 x	1.7 x	1.45 x	1.22 x
EV / EBITDA	12.9 x	6.85 x	11.4 x	15.7 x	5.82 x	4.77 x	3.81 x	3.2 x
EV / FCF	45.6 x	8.56 x	-11.5 x	-9.4 x	8.04 x	8.54 x	5.1 x	3.74 x
FCF Yield	2.2%	11.7%	-8.7%	-10.6%	12.4%	11.7%	19.6%	26.7%
Price to Book	1.11 x	0.51 x	0.44 x	0.54 x	0.77 x	0.84 x	0.76 x	0.68 x
Nbr of stocks (in thousands)	8,215,600	8,215,600	8,215,600	8,215,600	8,215,600	8,215,600	-	-
Reference price ²	0.3800	0.1400	0.1200	0.1500	0.2300	0.2550	0.2550	0.2550
Announcement Date	2/25/20	3/24/21	2/28/22	2/27/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	670.8	546.9	377.5	580.9	1,215	1,278	1,323	1,273
EBITDA ¹	314.1	283.5	112.1	106.9	365	454.7	502.3	486.8
EBIT ¹	115.7	40.82	-44.92	-54.75	161.5	241.6	311.5	310.5
Operating Margin	17.25%	7.46%	-11.9%	-9.43%	13.3%	18.9%	23.55%	24.39%
Earnings before Tax (EBT) ¹	42.49	-477	-82.22	-81.77	121.2	209.4	265.1	295.2
Net income ¹	33.22	-491.7	-90.82	-100.4	99.52	160.6	202	225.4
Net margin	4.95%	-89.91%	-24.06%	-17.29%	8.19%	12.56%	15.27%	17.71%
EPS ²	0.004000	-0.0599	-0.0111	-0.0122	0.0121	0.0190	0.0243	0.0272
Free Cash Flow ¹	89.28	227	-110.9	-178.1	264.1	253.9	375.1	416.2
FCF margin	13.31%	41.5%	-29.38%	-30.66%	21.74%	19.87%	28.36%	32.7%
FCF Conversion (EBITDA)	28.43%	80.06%	-	-	72.37%	55.84%	74.68%	85.48%
FCF Conversion (Net income)	268.8%	-	-	-	265.36%	158.16%	185.68%	184.61%
Dividend per Share ²	-	-	-	-	0.002500	0.003830	0.004830	0.004830
Announcement Date	2/25/20	3/24/21	2/28/22	2/27/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q4
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	66.68
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	2/27/24

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	945	793	289	441	233	74.5	-	-
Net Cash position ¹	-	-	-	-	-	-	181	538
Leverage (Debt/EBITDA)	3.01 x	2.796 x	2.574 x	4.128 x	0.6385 x	0.1637 x	-	-
Free Cash Flow ¹	89.3	227	-111	-178	264	254	375	416
ROE (net income / shareholders' equity)	1.19%	-1.23%	-4.01%	-4.42%	4.18%	6.2%	6.83%	7.18%
ROA (Net income/ Total Assets)	0.77%	-0.81%	-2.81%	-3.29%	3.21%	5%	5.9%	6.57%
Assets ¹	4,319	60,888	3,232	3,052	3,100	3,211	3,424	3,433
Book Value Per Share ²	0.3400	0.2800	0.2700	0.2800	0.3000	0.3100	0.3300	0.3700
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	113	55.3	82.1	153	119	163	115	107
Capex / Sales	16.9%	10.12%	21.74%	26.35%	9.8%	12.78%	8.71%	8.42%
Announcement Date	2/25/20	3/24/21	2/28/22	2/27/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Velesto Energy

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.255 MYR

Average target price

0.3321 MYR

Spread / Average Target

+30.25%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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