INDO
Indonesia Energy Corporation Limited
Oil & Gas Exploration & Production
Market Cap$47M
5Y Perf.+12.1%
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Stock Comparison
INDO vs IMPP vs CHNR vs TOPS
Revenue, margins, valuation, and 5-year total return — side by side.
IMPP
Imperial Petroleum Inc.
Oil & Gas Exploration & Production
Market Cap$167M
5Y Perf.-84.7%
CHNR
China Natural Resources, Inc.
Waste Management
Market Cap$42M
5Y Perf.-81.5%
TOPS
Top Ships Inc.
Marine Shipping
Market Cap$10M
5Y Perf.-98.9%
INDO vs IMPP vs CHNR vs TOPS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | INDO | IMPP | CHNR | TOPS |
|---|---|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production | Waste Management | Marine Shipping |
| Market Cap | $47M | $167M | $42M | $10M |
| Revenue (TTM) | $4M | $136M | $0.00 | $123M |
| Net Income (TTM) | $-8M | $39M | $-14M | $1M |
| Gross Margin | -10.7% | 30.5% | — | 59.5% |
| Operating Margin | -173.4% | 23.0% | — | 36.5% |
| Forward P/E | — | 2.4x | — | 2.0x |
| Total Debt | $882K | $79K | $0.00 | $251M |
| Cash & Equiv. | $5M | $68M | $3M | $8M |
INDO vs IMPP vs CHNR vs TOPS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
INDO
IMPP
CHNR
TOPS
| Stock | Dec 21 | May 26 | Return |
|---|---|---|---|
| Indonesia Energy Co… (INDO) | 100 | 112.1 | +12.1% |
| Imperial Petroleum … (IMPP) | 100 | 15.3 | -84.7% |
| China Natural Resou… (CHNR) | 100 | 18.5 | -81.5% |
| Top Ships Inc. (TOPS) | 100 | 1.1 | -98.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: INDO vs IMPP vs CHNR vs TOPS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: IMPP leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and dividend income and shareholder returns. Top Ships Inc. is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
INDO
Indonesia Energy Corporation Limited
The Long-Run Compounder
INDO is the clearest fit if your priority is long-term compounding.
- -70.7% 10Y total return vs CHNR's -93.5%
Best for: long-term compounding
IMPP
Imperial Petroleum Inc.
The Income Pick
IMPP carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.65, yield 1.1%
- Lower volatility, beta 0.65, Low D/E 0.0%, current ratio 7.92x
- Beta 0.65, yield 1.1%, current ratio 7.92x
- 28.6% margin vs INDO's -173.0%
Best for: income & stability and sleep-well-at-night
CHNR
China Natural Resources, Inc.
The Secondary Option
CHNR lags the leaders in this set but could rank higher in a more targeted comparison.
Best for: industrials exposure
TOPS
Top Ships Inc.
The Growth Play
TOPS is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 3.8%, EPS growth 108.8%, 3Y rev CAGR 15.2%
- 3.8% revenue growth vs CHNR's -100.0%
- Better valuation composite
- Beta 0.54 vs CHNR's 1.12
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TOPS | 3.8% revenue growth vs CHNR's -100.0% |
| Value | TOPS | Better valuation composite |
| Quality / Margins | IMPP | 28.6% margin vs INDO's -173.0% |
| Stability / Safety | TOPS | Beta 0.54 vs CHNR's 1.12 |
| Dividends | IMPP | 1.1% yield; the other 3 pay no meaningful dividend |
| Momentum (1Y) | IMPP | +86.7% vs TOPS's -61.1% |
| Efficiency (ROA) | IMPP | 8.2% ROA vs INDO's -40.4%, ROIC 10.6% vs -31.5% |
INDO vs IMPP vs CHNR vs TOPS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2024
Segment breakdown not available.
FY 2021
INDO vs IMPP vs CHNR vs TOPS — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIMPPLAGGINGCHNR
Who Leads Where
TOPS leads in 2 of 6 categories
IMPP leads 2 • INDO leads 0 • CHNR leads 0 • 1 tied
Explore the data ↓CHNRChina Natural Resourc…
0leads
INDOIndonesia Energy Corp…
0leads
TOPSTop Ships Inc.
2leads
IMPPImperial Petroleum In…
2leads
6 Total Categories
CATEGORYLEADERvs TOPSvs INDOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TOPS3/6
Valuation MetricsMultiples, price ratios, and targets
TOPS3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IMPP8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
IMPP4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
TOPS leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
IMPP and CHNR operate at a comparable scale, with $136M and $0 in trailing revenue. IMPP is the more profitable business, keeping 28.6% of every revenue dollar as net income compared to INDO's -173.0%. On growth, TOPS holds the edge at +100.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | INDOIndonesia Energy … | IMPPImperial Petroleu… | CHNRChina Natural Res… | TOPSTop Ships Inc. |
|---|---|---|---|---|
| RevenueTrailing 12 months | $4M | $136M | $0 | $123M |
| EBITDAEarnings before interest/tax | -$6M | $54M | -$12M | $66M |
| Net IncomeAfter-tax profit | -$8M | $39M | -$14M | $1M |
| Free Cash FlowCash after capex | -$6M | $65M | -$6M | -$63M |
| Gross MarginGross profit ÷ Revenue | -10.7% | +30.5% | — | +59.5% |
| Operating MarginEBIT ÷ Revenue | -173.4% | +23.0% | — | +36.5% |
| Net MarginNet income ÷ Revenue | -173.0% | +28.6% | — | +1.2% |
| FCF MarginFCF ÷ Revenue | -146.4% | +47.9% | — | -50.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +45.4% | +25.4% | — | +100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -7.3% | 0.0% | +91.3% | -3.2% |
TOPS leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
TOPS leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 2.0x trailing earnings, TOPS trades at a 42% valuation discount to IMPP's 3.5x P/E. On an enterprise value basis, IMPP's 1.6x EV/EBITDA is more attractive than TOPS's 5.0x.
| Metric | INDOIndonesia Energy … | IMPPImperial Petroleu… | CHNRChina Natural Res… | TOPSTop Ships Inc. |
|---|---|---|---|---|
| Market CapShares × price | $47M | $167M | $42M | $10M |
| Enterprise ValueMkt cap + debt − cash | $43M | $99M | $41M | $254M |
| Trailing P/EPrice ÷ TTM EPS | -5.06x | 3.51x | -88.68x | 2.02x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 2.40x | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | 1.63x | — | 4.97x |
| Price / SalesMarket cap ÷ Revenue | 17.64x | 1.13x | — | 0.12x |
| Price / BookPrice ÷ Book value/share | 1.75x | 0.39x | 3.21x | 0.07x |
| Price / FCFMarket cap ÷ FCF | — | 55.26x | — | 0.59x |
TOPS leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
IMPP leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
IMPP delivers a 8.5% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-50 for INDO. IMPP carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to TOPS's 1.74x. On the Piotroski fundamental quality scale (0–9), IMPP scores 4/9 vs CHNR's 2/9, reflecting mixed financial health.
| Metric | INDOIndonesia Energy … | IMPPImperial Petroleu… | CHNRChina Natural Res… | TOPSTop Ships Inc. |
|---|---|---|---|---|
| ROE (TTM)Return on equity | -49.7% | +8.5% | -15.7% | +0.8% |
| ROA (TTM)Return on assets | -40.4% | +8.2% | -5.3% | +0.3% |
| ROICReturn on invested capital | -31.5% | +10.6% | -0.0% | +5.3% |
| ROCEReturn on capital employed | -32.9% | +11.3% | -0.0% | +6.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 | 2 | 4 |
| Debt / EquityFinancial leverage | 0.05x | 0.00x | — | 1.74x |
| Net DebtTotal debt minus cash | -$4M | -$68M | -$3M | $244M |
| Cash & Equiv.Liquid assets | $5M | $68M | $3M | $8M |
| Total DebtShort + long-term debt | $881,639 | $78,761 | $0 | $251M |
| Interest CoverageEBIT ÷ Interest expense | — | 15.99x | -263.29x | 1.91x |
IMPP leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
IMPP leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in INDO five years ago would be worth $5,793 today (with dividends reinvested), compared to $56 for TOPS. Over the past 12 months, IMPP leads with a +86.7% total return vs TOPS's -61.1%. The 3-year compound annual growth rate (CAGR) favors IMPP at 16.3% vs CHNR's -41.2% — a key indicator of consistent wealth creation.
| Metric | INDOIndonesia Energy … | IMPPImperial Petroleu… | CHNRChina Natural Res… | TOPSTop Ships Inc. |
|---|---|---|---|---|
| YTD ReturnYear-to-date | 0.0% | +34.5% | +22.2% | -53.6% |
| 1-Year ReturnPast 12 months | +19.8% | +86.7% | -2.3% | -61.1% |
| 3-Year ReturnCumulative with dividends | -33.2% | +57.4% | -79.7% | -75.2% |
| 5-Year ReturnCumulative with dividends | -42.1% | -95.6% | -92.8% | -99.4% |
| 10-Year ReturnCumulative with dividends | -70.7% | -95.6% | -93.5% | -100.0% |
| CAGR (3Y)Annualised 3-year return | -12.6% | +16.3% | -41.2% | -37.2% |
IMPP leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — INDO and IMPP each lead in 1 of 2 comparable metrics.
Risk & Volatility
INDO is the less volatile stock with a -2.13 beta — it tends to amplify market swings less than CHNR's 1.12 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IMPP currently trades 74.7% from its 52-week high vs TOPS's 19.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | INDOIndonesia Energy … | IMPPImperial Petroleu… | CHNRChina Natural Res… | TOPSTop Ships Inc. |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -2.13x | 0.65x | 1.12x | 0.54x |
| 52-Week HighHighest price in past year | $8.50 | $6.57 | $8.20 | $11.47 |
| 52-Week LowLowest price in past year | $2.25 | $2.45 | $3.16 | $2.11 |
| % of 52W HighCurrent price vs 52-week peak | +36.9% | +74.7% | +52.4% | +19.2% |
| RSI (14)Momentum oscillator 0–100 | 42.4 | 56.0 | 55.2 | 24.7 |
| Avg Volume (50D)Average daily shares traded | 3.0M | 747K | 893K | 210K |
Evenly matched — INDO and IMPP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
IMPP is the only dividend payer here at 1.07% yield — a key consideration for income-focused portfolios.
| Metric | INDOIndonesia Energy … | IMPPImperial Petroleu… | CHNRChina Natural Res… | TOPSTop Ships Inc. |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold | — | — |
| Price TargetConsensus 12-month target | — | $6.00 | — | — |
| # AnalystsCovering analysts | — | 1 | — | — |
| Dividend YieldAnnual dividend ÷ price | — | +1.1% | — | — |
| Dividend StreakConsecutive years of raises | — | 0 | 0 | 0 |
| Dividend / ShareAnnual DPS | — | $0.05 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.5% | 0.0% | +100.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
TOPS leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). IMPP leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
Best OverallImperial Petroleum Inc. (IMPP)Leads 2 of 6 categories
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INDO vs IMPP vs CHNR vs TOPS: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is INDO or IMPP or CHNR or TOPS a better buy right now?
For growth investors, Top Ships Inc.
(TOPS) is the stronger pick with 3. 8% revenue growth year-over-year, versus -24. 3% for Indonesia Energy Corporation Limited (INDO). Top Ships Inc. (TOPS) offers the better valuation at 2. 0x trailing P/E, making it the more compelling value choice. Analysts rate Imperial Petroleum Inc. (IMPP) a "Hold" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — INDO or IMPP or CHNR or TOPS?
On trailing P/E, Top Ships Inc.
(TOPS) is the cheapest at 2. 0x versus Imperial Petroleum Inc. at 3. 5x.
03Which is the better long-term investment — INDO or IMPP or CHNR or TOPS?
Over the past 5 years, Indonesia Energy Corporation Limited (INDO) delivered a total return of -42.
1%, compared to -99. 4% for Top Ships Inc. (TOPS). Over 10 years, the gap is even starker: INDO returned -70. 7% versus TOPS's -100. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — INDO or IMPP or CHNR or TOPS?
By beta (market sensitivity over 5 years), Indonesia Energy Corporation Limited (INDO) is the lower-risk stock at -2.
13β versus China Natural Resources, Inc. 's 1. 12β — meaning CHNR is approximately -153% more volatile than INDO relative to the S&P 500. On balance sheet safety, Imperial Petroleum Inc. (IMPP) carries a lower debt/equity ratio of 0% versus 174% for Top Ships Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — INDO or IMPP or CHNR or TOPS?
By revenue growth (latest reported year), Top Ships Inc.
(TOPS) is pulling ahead at 3. 8% versus -24. 3% for Indonesia Energy Corporation Limited (INDO). On earnings-per-share growth, the picture is similar: Top Ships Inc. grew EPS 108. 8% year-over-year, compared to -138. 5% for Indonesia Energy Corporation Limited. Over a 3-year CAGR, IMPP leads at 104. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — INDO or IMPP or CHNR or TOPS?
Imperial Petroleum Inc.
(IMPP) is the more profitable company, earning 34. 0% net margin versus -237. 8% for Indonesia Energy Corporation Limited — meaning it keeps 34. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TOPS leads at 32. 4% versus -222. 4% for INDO. At the gross margin level — before operating expenses — TOPS leads at 43. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — INDO or IMPP or CHNR or TOPS?
In this comparison, IMPP (1.
1% yield) pays a dividend. INDO, CHNR, TOPS do not pay a meaningful dividend and should not be held primarily for income.
08Is INDO or IMPP or CHNR or TOPS better for a retirement portfolio?
For long-horizon retirement investors, Indonesia Energy Corporation Limited (INDO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -2.
13)). Both have compounded well over 10 years (INDO: -70. 7%, CHNR: -93. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between INDO and IMPP and CHNR and TOPS?
These companies operate in different sectors (INDO (Energy) and IMPP (Energy) and CHNR (Industrials) and TOPS (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: INDO is a small-cap quality compounder stock; IMPP is a small-cap deep-value stock; CHNR is a small-cap quality compounder stock; TOPS is a small-cap deep-value stock. IMPP pays a dividend while INDO, CHNR, TOPS do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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