(INDO) Indonesia Energy - Overview
Stock: Crude Oil, Natural Gas, Exploration, Production
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 137% |
| Relative Tail Risk | -24.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.68 |
| Alpha | 18.59 |
| Character TTM | |
|---|---|
| Beta | 0.108 |
| Beta Downside | 1.146 |
| Drawdowns 3y | |
|---|---|
| Max DD | 67.34% |
| CAGR/Max DD | -0.27 |
Description: INDO Indonesia Energy December 22, 2025
Indonesia Energy Corporation Limited (NYSE MKT: INDO) is a Jakarta-based oil-and-gas E&P firm that was incorporated in 2018. Its core assets are the Kruh Block – a 258 km² producing field in Pali, South Sumatra – and the Citarum Block, a 3,925 km² on-shore exploration concession in West Java.
As of the latest publicly available data (2023), the Kruh Block reported an average net production of roughly 4,500 boe/d, giving the company a modest cash-flow base in a market where Indonesia’s upstream sector contributes about 2 % of national GDP and is heavily influenced by OPEC+ output decisions. The Citarum Block remains in the appraisal stage; however, recent seismic work has identified several prospects that could add an estimated 10–15 MMboe to the company’s proved-plus-probable reserves, subject to successful drilling and Indonesia’s fiscal regime (approximately 30 % royalty and a 25 % corporate income tax on upstream earnings). These drivers imply that INDO’s upside is tied to both successful exploration outcomes and the broader macro-environment of Indonesian energy demand, which is projected to grow at ~3 % annually through 2027.
For a deeper, data-driven assessment of INDO’s valuation sensitivities and peer comparison, you may find ValueRay’s analytical tools worth a look.
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income: -11.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.29 > 0.02 and ΔFCF/TA 0.80 > 1.0 |
| NWC/Revenue: 238.9% < 20% (prev 63.18%; Δ 175.7% < -1%) |
| CFO/TA -0.22 > 3% & CFO -5.47m > Net Income -11.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 6.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.0m) vs 12m ago 47.77% < -2% |
| Gross Margin: -45.38% > 18% (prev 0.11%; Δ -4549 % > 0.5%) |
| Asset Turnover: 16.48% > 50% (prev 22.03%; Δ -5.55% > 0%) |
| Interest Coverage Ratio: -31.56 > 6 (EBITDA TTM -9.11m / Interest Expense TTM 347.5k) |
Altman Z'' -15.00
| A: 0.33 (Total Current Assets 9.97m - Total Current Liabilities 1.57m) / Total Assets 25.2m |
| B: -1.93 (Retained Earnings -48.8m / Total Assets 25.2m) |
| C: -0.51 (EBIT TTM -11.0m / Avg Total Assets 21.3m) |
| D: -14.80 (Book Value of Equity -48.6m / Total Liabilities 3.28m) |
| Altman-Z'' Score: -23.11 = D |
Beneish M -1.75
| DSRI: 2.64 (Receivables 1.07m/444.3k, Revenue 3.52m/3.85m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.38 (AQ_t 0.17 / AQ_t-1 0.12) |
| SGI: 0.91 (Revenue 3.52m / 3.85m) |
| TATA: -0.23 (NI -11.3m - CFO -5.47m) / TA 25.2m) |
| Beneish M-Score: -1.75 (Cap -4..+1) = CCC |
What is the price of INDO shares?
Over the past week, the price has changed by -19.08%, over one month by +13.55%, over three months by +30.37% and over the past year by +28.47%.
Is INDO a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the INDO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10 | 184.1% |
| Analysts Target Price | 10 | 184.1% |
| ValueRay Target Price | 3.6 | 2.6% |
INDO Fundamental Data Overview February 03, 2026
P/B = 3.075
Revenue TTM = 3.52m USD
EBIT TTM = -11.0m USD
EBITDA TTM = -9.11m USD
Long Term Debt = 711.7k USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 984.4k USD (from shortTermDebt, last quarter)
Debt = 711.7k USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -7.86m USD (from netDebt column, last quarter)
Enterprise Value = 57.3m USD (65.2m + Debt 711.7k - CCE 8.57m)
Interest Coverage Ratio = -31.56 (Ebit TTM -11.0m / Interest Expense TTM 347.5k)
EV/FCF = -7.84x (Enterprise Value 57.3m / FCF TTM -7.31m)
FCF Yield = -12.75% (FCF TTM -7.31m / Enterprise Value 57.3m)
FCF Margin = -207.8% (FCF TTM -7.31m / Revenue TTM 3.52m)
Net Margin = -321.6% (Net Income TTM -11.3m / Revenue TTM 3.52m)
Gross Margin = -45.38% ((Revenue TTM 3.52m - Cost of Revenue TTM 5.11m) / Revenue TTM)
Gross Margin QoQ = -61.73% (prev -11.06%)
Tobins Q-Ratio = 2.27 (Enterprise Value 57.3m / Total Assets 25.2m)
Interest Expense / Debt = 15.33% (Interest Expense 109.1k / Debt 711.7k)
Taxrate = 21.0% (US default 21%)
NOPAT = -8.66m (EBIT -11.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.36 (Total Current Assets 9.97m / Total Current Liabilities 1.57m)
Debt / Equity = 0.03 (Debt 711.7k / totalStockholderEquity, last quarter 21.9m)
Debt / EBITDA = 0.86 (negative EBITDA) (Net Debt -7.86m / EBITDA -9.11m)
Debt / FCF = 1.08 (negative FCF - burning cash) (Net Debt -7.86m / FCF TTM -7.31m)
Total Stockholder Equity = 19.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -53.00% (Net Income -11.3m / Total Assets 25.2m)
RoE = -59.15% (Net Income TTM -11.3m / Total Stockholder Equity 19.1m)
RoCE = -55.28% (EBIT -11.0m / Capital Employed (Equity 19.1m + L.T.Debt 711.7k))
RoIC = -43.18% (negative operating profit) (NOPAT -8.66m / Invested Capital 20.1m)
WACC = 6.37% (E(65.2m)/V(65.9m) * Re(6.31%) + D(711.7k)/V(65.9m) * Rd(15.33%) * (1-Tc(0.21)))
Discount Rate = 6.31% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 21.56%
Fair Price DCF = unknown (Cash Flow -7.31m)
EPS Correlation: -54.93 | EPS CAGR: -1.42% | SUE: 0.0 | # QB: 0
Revenue Correlation: 4.18 | Revenue CAGR: 12.07% | SUE: 1.84 | # QB: 2