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Indonesia Energy Corporation Limited

INDO Energy Oil & Gas E&P

Indonesia Energy Corporation Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.0 million, down 24.6% from fiscal 2024.

2.62 0.01 +0.38%
Market cap
$40.2M
P/E
0.0×
Fwd P/E
12.3×
Dividend yield
—
F-score
3/9
Altman Z
4.93
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 40.16
Revenue 5.21
Net Income (13.54)
Free Cash Flow (17.82)
Net Debt (5.57)
Current Ratio 5.49 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 12.30
P/S ratio 3.70
P/B ratio 0.96
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 1,066.16% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.0×, against a ten-year median of 4.8×; over the ten years it ranged from 2.6× in 2025 to 34.1× in 2022.
P/S against its own 10 years 8.91%
10-year low 10-year high
P/B against its own 10 years 4.84%
10-year low 10-year high
EV/Sales against its own 10 years 10.99%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4 5 5 6
Receivables 1 0 0 1
Inventory — — — —
Other 2 1 2 2
6 6 7 8
2023 2024 2025 Q'26
Payables 1 1 1 1
ST’ Debt — — — —
Other 0 0 0 0
2 2 1 1

Compound Annual Growth %

10y 5y 3y
Sales — 0.32% (21.10%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 9.73% 4.30%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 2
’24 — — — — 3
’23 — — — — 4
’22 — — — — 4
’21 — — — — 2
’20 — — — — 2
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (5)
’24 — — — — (3)
’23 — — — — (3)
’22 — — — — (3)
’21 — — — — (4)
’20 — — — — (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — (3) — (6) (6)
’24 — (1) — (3) (6)
’23 — (1) — (3) (3)
’22 — (5) — (9) (9)
’21 — (3) — (6) (6)
’20 — (3) — (6) (6)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (0.35)
’24 — — — — (0.55)
’23 — — — — (0.26)
’22 — — — — (0.35)
’21 — — — — (0.82)
’20 — — — — (0.94)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — 6.00 1.55 2.70 2.61 2.42 2.03 2.10

Analyst estimates 2026–2028

Powerpack
High — — — 12.49 11.87 9.25 86.99 6.93 6.65 7.95
People
People Employees — — 65 67 62 63 69 75 73 81
Revenue/emp, $m 0.00 0.00 0.09 0.06 0.03 0.04 0.06 0.05 0.04 0.02
Income, $m
Income, $m Revenue 2 4 6 4 2 2 4 4 3 2
Gross margin, % (74.01) (7.95) 56.62 40.85 (1.87) (1.63) 27.92 16.30 (3.66) (28.07)
EBT (3) (2) 0 (2) (7) (6) (3) (3) (6) (5)
EBT margin, % (131.58) (43.71) 2.41 (40.01) (350.95) (248.05) (76.21) (74.96) (237.81) (253.41)
Net income (3) (2) 0 (2) (7) (6) (3) (3) (6) (5)
Depreciation 1 1 1 1 1 1 2 1 2 1
Per share, $
Per share, $ Revenue 0.33 0.50 0.98 0.69 0.27 0.33 0.46 0.35 0.23 0.14
Earnings (0.43) (0.22) 0.02 (0.28) (0.94) (0.82) (0.35) (0.26) (0.55) (0.35)
Cash flow (0.29) (0.02) 0.32 (0.07) (0.70) (0.48) (0.36) (0.29) (0.27) (0.37)
Capex 0.00 0.00 (0.04) (0.09) (0.05) (0.37) (0.61) (0.04) (0.25) (0.02)
Free cash flow (0.29) (0.02) 0.28 (0.16) (0.75) (0.85) (0.97) (0.33) (0.51) (0.39)
Book value (2.39) (2.61) 0.85 2.68 1.67 1.05 1.95 1.45 1.58 1.34
Shares, m 7 7 6 6 7 7 9 10 11 15
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 0.00 0.00 0.00 0.00 10.46 4.21 6.89 3.91 3.93 4.14
P/B 15.53 15.53 15.53 3.32 4.47 2.64 1.95 1.39 1.13 1.10
EV/Sales 0.00 0.00 0.00 0.00 9.08 4.31 6.11 3.63 3.45 3.50
EV/FCF 0.00 0.00 0.00 0.00 (5.95) (1.20) (1.36) (0.91) (1.16) (1.02)
Cash, $m
Cash, $m Operating cash flow (2) 0 2 0 (5) (4) (3) (3) (3) (5)
Capex (1) (2) 0 (1) 0 (3) (5) 0 (3) 0
Free cash flow (2) 0 2 (1) (6) (6) (9) (3) (6) (6)
Balance, $m
Balance, $m Working capital 2 1 1 12 9 1 7 4 4 6
Total debt 24 26 2 2 1 1 1 — — —
Net debt 22 24 (1) (12) (8) (1) (6) (4) (5) (5)
Shareholders’ equity (18) (19) 5 16 12 8 17 15 18 20
Returns, %
Returns, % ROA (38.01) (19.13) 1.57 (10.79) (37.85) (43.98) (19.12) (13.80) (32.01) (22.83)
ROIC 0.00 0.00 2.15 (25.74) (114.89) (52.78) (25.15) (19.66) (27.23) (20.15)
ROE 17.29 8.70 (2.06) (15.74) (48.70) (60.30) (24.84) (16.51) (38.58) (26.95)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2018 · fundamentals updated 28 Sep 2026

Charts ten years each

Indonesia Energy Corporation Limited vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BSIN Big Sky Industrial Inc. $73.0M — (loss-making) — (loss-making) +5.23% (above 0%: growing) n/m −76.10% (below 0%: shrinking) 45.64% (111.76%) Compare
BATL Battalion Oil Corporation $59.0M — (loss-making) 25.5× +12.42% (above 0%: growing) n/m +119.80% (above 0%: growing) 47.93% 14.09% Compare
PVL PERMIANVILLE ROYALTY TRUST $58.7M 7.3× 6.3× +31.88% (above 0%: growing) +200.00% (above 0%: growing) — 56.52% 20.33% Compare
VOC VOC Energy Trust $57.6M 8.3× 27.3× −31.56% (below 0%: shrinking) −23.08% (below 0%: shrinking) — 100.00% 94.96% Compare
PROP Prairie Operating Co. $40.5M — (loss-making) — (loss-making) +45.17% (above 0%: growing) +25.65% (above 0%: growing) −5,603.85% (below 0%: shrinking) 100.00% 45.88% Compare
INDO Indonesia Energy Corporation Limited $40.2M — (loss-making) 12.3× +20.70% (above 0%: growing) −328.57% (below 0%: shrinking) −67.13% (below 0%: shrinking) (20.82%) 0.00%
EONR EON Resources Inc. $24.0M — (loss-making) — (loss-making) −78.51% (below 0%: shrinking) n/m +52.64% (above 0%: growing) 100.00% (640.70%) Compare
CKX CKX Lands, Inc. $22.6M 7.4× 54.5× +23.84% (above 0%: growing) −25.00% (below 0%: shrinking) −223.55% (below 0%: shrinking) 98.46% 13.73% Compare
PRT PermRock Royalty Trust $21.1M 14.0× 7.5× −54.84% (below 0%: shrinking) n/m — 100.00% (105.30%) Compare
Median of peers $49.1M 7.8× 25.5× +8.83% +1.29% −76.10% 99.23% 13.91%

All 73 Oil & Gas E&P stocks →

Indonesia Energy Corporation Limited (INDO) key facts

  • Concern: Indonesia Energy Corporation Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.0 million, down 24.6% from fiscal 2024.
  • Concern: Indonesia Energy Corporation Limited reported a net loss of $5.1 million, or a loss of $0.35 per share, for fiscal 2025.
  • Indonesia Energy Corporation Limited (INDO) is an Oil & Gas E&P company in the Energy sector, listed on NYSE American.
  • As of October 16, 2026, INDO traded at $2.62, a market capitalization of $40.2 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 3.7× sales.
  • Return on equity was −27.0% and debt-to-equity 0.00.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 4.93 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Sep 28, 2026.

Indonesia Energy Corporation Limited (INDO) Latest News

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stockrow.com/INDO · Data as of Sep 28, 2026 · For information only; not investment advice. · © 2026 stockrow.com