Indonesia Energy Corporation Limited (INDO) vs PermRock Royalty Trust (PRT)

Indonesia Energy Corporation Limited and PermRock Royalty Trust are both Oil & Gas E&P companies. Indonesia Energy Corporation Limited is the larger, with a market value of $44.9M against $24.5M — 1.8× the size. Indonesia Energy Corporation Limited has negative trailing earnings, so its P/E is not meaningful; PermRock Royalty Trust trades at 15.8×. PermRock Royalty Trust has the higher net margin (78.4% vs −165.0%) and the higher return on invested capital (6.33% vs 0.00%). Across the 16 metrics below, PermRock Royalty Trust leads on 12 and Indonesia Energy Corporation Limited on 4.

Valuation

Metric INDO PRT Oil & Gas E&P median
P/E n/m 15.80 10.57
P/S 3.97 6.70 1.80
P/B 1.05 0.94 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA n/m 9.23 5.08
EV/Sales 3.15 6.33 2.39
Earnings yield (39.15%) 6.33% 6.06%
Free cash flow yield (86.10%) 0.00% 6.17%

Profitability

Metric INDO PRT Oil & Gas E&P median
Gross margin (15.67%) 100.00% 80.41%
Operating margin 0.00% 68.56% 21.39%
Net margin (165.00%) 78.37% 14.17%
Free cash flow margin 0.00% 0.00% 9.71%
Return on equity 0.00% 5.94% 10.05%
Return on assets 0.00% 5.77% 5.81%
Return on invested capital 0.00% 6.33% 6.32%

Growth

Metric INDO PRT Oil & Gas E&P median
Revenue growth (TTM) — (41.73%) 9.94%
EPS growth (last fiscal year) 36.36% (7.14%) —
Revenue growth, 5-year CAGR 0.32% 11.79% 18.67%
Net income growth, 5-year CAGR 0.00% 19.79% 0.00%

Health

Metric INDO PRT Oil & Gas E&P median
Debt to equity 0.00 0.00 0.28
Current ratio 5.13 3.70 0.96
Net debt to EBITDA 1.63 (0.26) 0.91

Dividend

Metric INDO PRT Oil & Gas E&P median
Dividend yield — 11.00% 4.93%
Payout ratio 0.00 1.00 0.07

Size

Metric INDO PRT Oil & Gas E&P median
Market cap 44.93m 24.45m 923.59m

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