Indonesia Energy Corporation Limited (INDO) vs Mesa Royalty Trust (MTR)

Indonesia Energy Corporation Limited and Mesa Royalty Trust are both Oil & Gas E&P companies. Indonesia Energy Corporation Limited is the larger, with a market value of $44.9M against $4.4M — 10.1× the size. Indonesia Energy Corporation Limited has negative trailing earnings, so its P/E is not meaningful; Mesa Royalty Trust trades at 12.4×. Mesa Royalty Trust has the higher net margin (76.6% vs −165.0%) and the higher return on invested capital (20.9% vs 0.00%). Across the 16 metrics below, Mesa Royalty Trust leads on 10 and Indonesia Energy Corporation Limited on 6.

Valuation

Metric INDO MTR Oil & Gas E&P median
P/E n/m 12.36 10.57
P/S 3.97 9.50 1.80
P/B 1.05 1.44 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA n/m 5.61 5.08
EV/Sales 3.15 5.17 2.39
Earnings yield (39.15%) 8.09% 6.06%
Free cash flow yield (86.10%) 0.00% 6.17%

Profitability

Metric INDO MTR Oil & Gas E&P median
Gross margin (15.67%) 100.00% 80.41%
Operating margin 0.00% 92.05% 21.39%
Net margin (165.00%) 76.63% 14.17%
Free cash flow margin 0.00% 0.00% 9.71%
Return on equity 0.00% 11.61% 10.05%
Return on assets 0.00% 11.09% 5.81%
Return on invested capital 0.00% 20.94% 6.32%

Growth

Metric INDO MTR Oil & Gas E&P median
Revenue growth (TTM) — (3.01%) 9.94%
EPS growth (last fiscal year) 36.36% (8.00%) —
Revenue growth, 5-year CAGR 0.32% (6.29%) 18.67%
Net income growth, 5-year CAGR 0.00% (2.02%) 0.00%

Health

Metric INDO MTR Oil & Gas E&P median
Debt to equity 0.00 0.00 0.28
Current ratio 5.13 17.12 0.96
Net debt to EBITDA 1.63 (3.50) 0.91

Dividend

Metric INDO MTR Oil & Gas E&P median
Dividend yield — 13.28% 4.93%
Payout ratio 0.00 0.97 0.07

Size

Metric INDO MTR Oil & Gas E&P median
Market cap 44.93m 4.44m 923.59m

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