Overview Dividends

(INDO) Indonesia Energy - Ratings and Ratios

Exchange: NYSE MKT • Country: Indonesia • Currency: USD • Type: Common Stock • ISIN: KYG4760X1025

Oil, Gas, Exploration, Production

Integrated Oil & Gas
Market Cap in USD: 43m
IPO / Inception: 2019-12-20
Return 12m vs S&P 500: -7.73%

Dividends

Currently no dividends paid
Risk via 10d forecast
Volatility 75.7%
Value at Risk 5%th 96.1%
Relative Tail Risk -22.86%
Reward TTM
Sharpe Ratio 0.43
Alpha 0.34
CAGR/Max DD -0.25
Character TTM
Hurst Exponent 0.415
Beta 0.228
Beta Downside 1.274
Drawdowns 3y
Max DD 67.34%
Mean DD 46.32%
Median DD 53.56%

Description: INDO Indonesia Energy October 19, 2025

Indonesia Energy Corporation Limited (NYSE MKT: INDO) is an upstream oil-and-gas firm focused on Indonesia’s on-shore basins. Its core assets are the Kruh Block in South Sumatra, a 258 km² producing field, and the much larger 3,925 km² Citarum Block in West Java, which remains in the exploration phase. The company was incorporated in 2018 and is headquartered in Jakarta.

Key industry context: Indonesia’s crude output has hovered around 700 kb/d in 2023, with domestic consumption exceeding production, creating a persistent import gap that supports upstream investment. INDO’s latest disclosed production from Kruh averages roughly 5 k barrels of oil equivalent per day, while the Citarum Block’s 2024-25 drilling program targets an initial reserve add of 15-20 MMboe, assuming a 10-12% success rate typical for on-shore Indonesian prospects. The company benefits from Indonesia’s relatively generous fiscal terms for new fields (oil-in-kind royalties of 5-10% and a 30-year production sharing contract), which can improve net cash flow if reserves are confirmed.

For a deeper quantitative assessment, you may want to explore ValueRay’s platform to compare INDO’s valuation metrics against peers and sector benchmarks.

Piotroski VR‑10 (Strict, 0-10) 0.0

Net Income (-10.6m TTM) > 0 and > 6% of Revenue (6% = 233.5k TTM)
FCFTA -0.29 (>2.0%) and ΔFCFTA 0.80pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 216.0% (prev 73.11%; Δ 142.8pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.22 (>3.0%) and CFO -5.47m > Net Income -10.6m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 6.36 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (15.0m) change vs 12m ago 47.77% (target <= -2.0% for YES)
Gross Margin -23.08% (prev 14.63%; Δ -37.70pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 18.23% (prev 19.04%; Δ -0.81pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -18.06 (EBITDA TTM -8.21m / Interest Expense TTM 555.5k) >= 6 (WARN >= 3)

Altman Z'' -22.86

(A) 0.33 = (Total Current Assets 9.97m - Total Current Liabilities 1.57m) / Total Assets 25.2m
(B) -1.93 = Retained Earnings (Balance) -48.8m / Total Assets 25.2m
warn (B) unusual magnitude: -1.93 — check mapping/units
(C) -0.47 = EBIT TTM -10.0m / Avg Total Assets 21.3m
(D) -14.84 = Book Value of Equity -48.8m / Total Liabilities 3.28m
Total Rating: -22.86 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 29.36

1. Piotroski 0.0pt
2. FCF Yield -20.52%
3. FCF Margin data missing
4. Debt/Equity 0.04
5. Debt/Ebitda 0.45
6. ROIC - WACC (= -56.98)%
7. RoE -55.36%
8. Rev. Trend 15.64%
9. EPS Trend -33.23%

What is the price of INDO shares?

As of December 14, 2025, the stock is trading at USD 2.95 with a total of 123,652 shares traded.
Over the past week, the price has changed by -1.67%, over one month by +5.36%, over three months by +1.37% and over the past year by +5.36%.

Is INDO a buy, sell or hold?

Indonesia Energy has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy INDO.
  • Strong Buy: 1
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the INDO price?

Issuer Target Up/Down from current
Wallstreet Target Price 10 239%
Analysts Target Price 10 239%
ValueRay Target Price 2.7 -9.5%

INDO Fundamental Data Overview December 11, 2025

Market Cap USD = 43.3m (43.3m USD * 1.0 USD.USD)
P/S = 18.8844
P/B = 1.9749
Beta = -0.809
Revenue TTM = 3.89m USD
EBIT TTM = -10.0m USD
EBITDA TTM = -8.21m USD
Long Term Debt = 711.7k USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 556.8k USD (from shortTermDebt, last fiscal year)
Debt = 881.6k USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -3.69m USD (from netDebt column, last fiscal year)
Enterprise Value = 35.6m USD (43.3m + Debt 881.6k - CCE 8.57m)
Interest Coverage Ratio = -18.06 (Ebit TTM -10.0m / Interest Expense TTM 555.5k)
FCF Yield = -20.52% (FCF TTM -7.31m / Enterprise Value 35.6m)
FCF Margin = -187.9% (FCF TTM -7.31m / Revenue TTM 3.89m)
Net Margin = -272.1% (Net Income TTM -10.6m / Revenue TTM 3.89m)
Gross Margin = -23.08% ((Revenue TTM 3.89m - Cost of Revenue TTM 4.79m) / Revenue TTM)
Gross Margin QoQ = -11.06% (prev -65.40%)
Tobins Q-Ratio = 1.41 (Enterprise Value 35.6m / Total Assets 25.2m)
Interest Expense / Debt = 12.37% (Interest Expense 109.1k / Debt 881.6k)
Taxrate = -0.0% (0.0 / -6.34m)
NOPAT = -10.0m (EBIT -10.0m * (1 - -0.00%)) [loss with tax shield]
Current Ratio = 6.36 (Total Current Assets 9.97m / Total Current Liabilities 1.57m)
Debt / Equity = 0.04 (Debt 881.6k / totalStockholderEquity, last quarter 21.9m)
Debt / EBITDA = 0.45 (negative EBITDA) (Net Debt -3.69m / EBITDA -8.21m)
Debt / FCF = 0.51 (negative FCF - burning cash) (Net Debt -3.69m / FCF TTM -7.31m)
Total Stockholder Equity = 19.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -41.99% (Net Income -10.6m / Total Assets 25.2m)
RoE = -55.36% (Net Income TTM -10.6m / Total Stockholder Equity 19.1m)
RoCE = -50.57% (EBIT -10.0m / Capital Employed (Equity 19.1m + L.T.Debt 711.7k))
RoIC = -50.01% (negative operating profit) (NOPAT -10.0m / Invested Capital 20.1m)
WACC = 6.97% (E(43.3m)/V(44.2m) * Re(6.86%) + D(881.6k)/V(44.2m) * Rd(12.37%) * (1-Tc(-0.0)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 81.65 | Cagr: 21.56%
Fair Price DCF = unknown (Cash Flow -7.31m)
EPS Correlation: -33.23 | EPS CAGR: 5.21% | SUE: -1.63 | # QB: 0
Revenue Correlation: 15.64 | Revenue CAGR: 3.99% | SUE: 1.84 | # QB: 2

Additional Sources for INDO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle