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Indonesia Energy Corporation Limited (INDO) 10-Year Financial Performance & Capital Metrics

INDO • • Industrial / General
EnergyOil & Gas E&PInternational E&PInternational Onshore Focused
AboutIndonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 1.52 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. Indonesia Energy Corporation Limited is a subsidiary of Maderic Holding Limited.Show more
  • Revenue $3M -24.3%
  • EBITDA -$4M -92.7%
  • Net Income -$6M -140.0%
  • EPS (Diluted) -0.62 -138.5%
  • Gross Margin -28.59% -689.7%
  • EBITDA Margin -167.61% -154.6%
  • Operating Margin -222.41% -124.3%
  • Net Margin -237.81% -217.2%
  • ROE -38.59% -133.7%
  • ROIC -31.47% -53.4%
  • Debt/Equity 0.05 -35.1%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 85 (top 15%)

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Sales declining 8.6% over 5 years
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-8.61%
3Y2.84%
TTM35.28%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-66.52%

EPS CAGR

10Y-
5Y-
3Y-
TTM-29.92%

ROCE

10Y Avg-29.24%
5Y Avg-36.59%
3Y Avg-28.23%
Latest-32.85%

Peer Comparison

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OBEObsidian Energy Ltd.427.53M6.37-2.3928.23%-24.19%-13.29%0.24
INDOIndonesia Energy Corporation Limited54.55M3.64-5.87-24.34%-173.01%-42.14%0.05
VETVermilion Energy Inc.1.31B8.53-28.43-5.7%-11.74%-8.65%25.37%0.36

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.45M3.7M5.86M4.18M1.98M2.45M4.1M3.53M2.67M
Revenue Growth %-0.51%0.58%-0.29%-0.53%0.24%0.67%-0.14%-0.24%
Cost of Goods Sold+4.26M4M3.7M3.35M2.72M3.3M4.09M3.65M3.43M
COGS % of Revenue1.74%1.08%0.63%0.8%1.37%1.35%1%1.04%1.29%
Gross Profit+-1.81M-294.4K2.16M832.45K-735.93K-850.79K4.43K-127.63K-762.64K
Gross Margin %-0.74%-0.08%0.37%0.2%-0.37%-0.35%0%-0.04%-0.29%
Gross Profit Growth %-0.84%8.34%-0.61%-1.88%-0.16%1.01%-29.84%-4.98%
Operating Expenses+870.01K1.26M2.02M2.43M6.53M5.25M4.6M3.37M5.17M
OpEx % of Revenue0.36%0.34%0.34%0.58%3.3%2.14%1.12%0.96%1.94%
Selling, General & Admin870.01K1.26M2.02M2.43M6.53M5.25M4.6M3.37M5.17M
SG&A % of Revenue0.36%0.34%0.34%0.58%3.3%2.14%1.12%0.96%1.94%
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses000000000
Operating Income+-2.68M-1.55M143.38K-1.6M-7.27M-6.1M-4.6M-3.5M-5.93M
Operating Margin %-1.1%-0.42%0.02%-0.38%-3.67%-2.49%-1.12%-0.99%-2.22%
Operating Income Growth %-0.42%1.09%-12.17%-3.54%0.16%0.25%0.24%-0.7%
EBITDA+-1.74M-349K1.34M-667.56K-6.57M-5.29M-3.46M-2.32M-4.47M
EBITDA Margin %-0.71%-0.09%0.23%-0.16%-3.32%-2.16%-0.84%-0.66%-1.68%
EBITDA Growth %-0.8%4.84%-1.5%-8.84%0.19%0.35%0.33%-0.93%
D&A (Non-Cash Add-back)940.87K1.2M1.2M934.09K698.85K810.86K1.14M1.17M1.46M
EBIT-3.22M-1.55M189.65K-1.6M-7.27M-6.1M-4.6M-3.56M-5.99M
Net Interest Income+000000-23.84K00
Interest Income00042K35.27K26.22K000
Interest Expense00042K35.27K26.22K23.84K00
Other Income/Expense-538.73K-66.57K-2.4K-72.08K317.88K18.03K1.48M852.98K-410.8K
Pretax Income+-3.22M-1.62M140.99K-1.67M-6.95M-6.08M-3.12M-2.64M-6.34M
Pretax Margin %-1.32%-0.44%0.02%-0.4%-3.51%-2.48%-0.76%-0.75%-2.38%
Income Tax+0-13.91K0000000
Effective Tax Rate %0.99%0.99%1.03%1%1%1%1%1%1%
Net Income+-3.19M-1.6M145.72K-1.67M-6.95M-6.05M-3.12M-2.64M-6.34M
Net Margin %-1.3%-0.43%0.02%-0.4%-3.51%-2.47%-0.76%-0.75%-2.38%
Net Income Growth %-0.5%1.09%-12.49%-3.15%0.13%0.48%0.15%-1.4%
Net Income (Continuing)-3.22M-1.62M140.99K-1.67M-6.95M-6.08M-3.12M-2.64M-6.34M
Discontinued Operations000000000
Minority Interest-166.62K-158.67K0000000
EPS (Diluted)+-0.43-0.220.02-0.29-0.94-0.82-0.35-0.26-0.62
EPS Growth %-0.49%1.09%-15.65%-2.24%0.13%0.57%0.26%-1.38%
EPS (Basic)-0.43-0.220.02-0.29-0.94-0.82-0.35-0.26-0.62
Diluted Shares Outstanding7.36M7.36M7.36M6.05M7.4M7.42M8.89M10.14M10.14M
Basic Shares Outstanding7.36M7.36M7.36M6.05M7.4M7.42M8.89M10.14M10.14M
Dividend Payout Ratio---------

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+4.26M4.55M4M15.07M11.24M3.53M7.87M6.08M6.06M
Cash & Short-Term Investments2.36M182.63K898.74K12.24M6.9M595.01K5.9M2.01M4.57M
Cash Only2.36M182.63K898.74K12.24M6.9M595.01K5.9M2.01M4.57M
Short-Term Investments000000000
Accounts Receivable1.2M1.94M760.27K350.67K1.13M1.01M654.99K890.03K894.34K
Days Sales Outstanding178.53191.3647.3830.6208.59149.8258.3592.15122.37
Inventory645.97K311.89K251.82K248.37K296.61K136.62K121.74K148.38K190.58K
Days Inventory Outstanding55.3828.4724.8627.0539.8515.110.8614.8320.28
Other Current Assets38.59K2M2M2.06M2.5M1M01.57M0
Total Non-Current Assets+3.85M4.12M5.88M6.08M4.33M8.56M12.71M11.64M15.86M
Property, Plant & Equipment3.02M3.61M2.77M2.56M2.58M5.59M9.81M9.47M11.48M
Fixed Asset Turnover0.81x1.03x2.11x1.63x0.77x0.44x0.42x0.37x0.23x
Goodwill000000000
Intangible Assets000000000
Long-Term Investments160.1K173.83K1.53M1.77M01.5M1.5M970K3.2M
Other Non-Current Assets661.5K335.24K1.57M1.75M1.75M1.46M1.4M1.2M1.18M
Total Assets+8.1M8.67M9.88M21.16M15.58M12.09M20.57M17.72M21.91M
Asset Turnover0.30x0.43x0.59x0.20x0.13x0.20x0.20x0.20x0.12x
Asset Growth %-0.07%0.14%1.14%-0.26%-0.22%0.7%-0.14%0.24%
Total Current Liabilities+1.78M3.81M2.67M2.74M1.83M2.83M1.22M1.61M1.91M
Accounts Payable1M1.21M1.03M917.24K297.08K1.6M719.1K753.82K899.64K
Days Payables Outstanding86110.23101.3799.9139.91177.2564.1375.3295.73
Short-Term Debt236.8K1.85M1.11M1.11M980.45K980.45K52.14K00
Deferred Revenue (Current)137.28K725.78K101.41K681.84K0228.47K000
Other Current Liabilities261.07K23.09K22.95K-647.59K19.12K-207.88K17.94K17.94K17.94K
Current Ratio2.40x1.20x1.50x5.50x6.15x1.25x6.47x3.77x3.18x
Quick Ratio2.03x1.11x1.40x5.41x5.99x1.20x6.37x3.68x3.08x
Cash Conversion Cycle147.91109.61-29.12-42.26208.52-12.345.0831.6546.92
Total Non-Current Liabilities+24.13M24.25M2.13M2.22M1.39M1.44M2.03M1.42M1.82M
Long-Term Debt23.88M23.88M2M2M1M1M000
Capital Lease Obligations00000095.6K467.84K324.88K
Deferred Tax Liabilities000000000
Other Non-Current Liabilities243.19K365.84K131.34K222.34K389.95K436.65K1.94M953.11K1.49M
Total Liabilities25.9M28.06M4.8M4.96M3.22M4.27M3.25M3.03M3.72M
Total Debt+24.12M25.73M3.11M3.11M1.98M1.98M351.45K1.1M881.64K
Net Debt21.76M25.55M2.21M-9.14M-4.92M1.39M-5.54M-912.52K-3.69M
Debt / Equity--0.61x0.19x0.16x0.25x0.02x0.07x0.05x
Debt / EBITDA--2.32x------
Net Debt / EBITDA--1.65x------
Interest Coverage----38.13x-206.11x-232.70x-192.91x--
Total Equity+-17.8M-19.39M5.07M16.19M12.36M7.82M17.32M14.69M18.19M
Equity Growth %--0.09%1.26%2.19%-0.24%-0.37%1.22%-0.15%0.24%
Book Value per Share-2.42-2.630.692.681.671.051.951.451.79
Total Shareholders' Equity-17.63M-19.23M5.07M16.19M12.36M7.82M17.32M14.69M18.19M
Common Stock16K16K16K19.64K19.75K19.86K27.05K27.05K36.27K
Retained Earnings-17.65M-19.26M-19.11M-20.78M-27.73M-33.82M-36.94M-39.58M-45.93M
Treasury Stock000000000
Accumulated OCI16.45K25.9K46.26K46.8K030.7K89.95K98.49K103.2K
Minority Interest-166.62K-158.67K0000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.14M-182.74K1.92M-439.79K-5.19M-3.55M-3.21M-2.98M-3.09M
Operating CF Margin %-0.87%-0.05%0.33%-0.11%-2.62%-1.45%-0.78%-0.84%-1.16%
Operating CF Growth %-0.91%11.51%-1.23%-10.79%0.32%0.1%0.07%-0.04%
Net Income-3.19M-1.62M140.99K-1.67M-6.95M-6.08M-3.12M-2.64M-6.34M
Depreciation & Amortization940.87K1.19M1.16M876.68K698.85K889.85K1.49M1.17M1.46M
Stock-Based Compensation0228.93K0247.82K3.16M1.51M737.27K01.46M
Deferred Taxes068.92K0-876.68K-698.85K-889.85K000
Other Non-Cash Items1.63M16.25K43.19K934.09K578.14K967.24K-1.51M-781.63K614.41K
Working Capital Changes141.43K-65.02K579.55K52.03K-1.98M53.12K-801.77K-729.6K-276.37K
Change in Receivables-418.07K-510.76K244.79K409.6K-1.05M134.21K529.59K-114.18K238K
Change in Inventory0108.85K60.07K-221.06K-523.68K0000
Change in Payables642.46K214.24K-180.78K-109.43K-473.5K0-255.15K102.92K145.81K
Cash from Investing+-1.16M-1.59M-853.58K-1.05M-357.33K-2.76M-5.42M-419.46K-2.82M
Capital Expenditures-995.73K-1.38M-230.56K-545.58K-357.33K-311.56K-1.68K-419.46K-2.82M
CapEx % of Revenue0.41%0.37%0.04%0.13%0.18%0.13%0%0.12%1.06%
Acquisitions---------
Investments---------
Other Investing-160.1K-210.57K-623.02K-500K0-2.45M-5.41M00
Cash from Financing+2.54M1.61M1.17M13.12M-1.13M012.93M08.41M
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000000000
Share Repurchases---------
Other Financing2.54M0-443.31K-525.93K001.95M472.78K796.5K
Net Change in Cash---------
Free Cash Flow+-3.13M-1.57M1.69M-985.37K-5.54M-3.86M-3.21M-3.4M-3.09M
FCF Margin %-1.28%-0.42%0.29%-0.24%-2.8%-1.57%-0.78%-0.96%-1.16%
FCF Growth %-0.5%2.08%-1.58%-4.63%0.3%0.17%-0.06%0.09%
FCF per Share-0.43-0.210.23-0.16-0.75-0.52-0.36-0.34-0.30
FCF Conversion (FCF/Net Income)0.67x0.11x13.18x0.26x0.75x0.59x1.03x1.13x0.49x
Interest Paid000000000
Taxes Paid000000000

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)--2.87%-15.74%-48.7%-60.02%-24.84%-16.51%-38.59%
Return on Invested Capital (ROIC)--22.99%1.6%-16.76%-75.24%-55%-32.87%-20.52%-31.47%
Gross Margin-74.01%-7.95%36.87%19.9%-37.15%-34.69%0.11%-3.62%-28.59%
Net Margin-130.27%-43.31%2.49%-40.01%-350.96%-246.88%-76.21%-74.96%-237.81%
Debt / Equity--0.61x0.19x0.16x0.25x0.02x0.07x0.05x
Interest Coverage----38.13x-206.11x-232.70x-192.91x--
FCF Conversion0.67x0.11x13.18x0.26x0.75x0.59x1.03x1.13x0.49x
Revenue Growth-51.38%58.12%-28.57%-52.65%23.82%67.07%-13.96%-24.34%

Frequently Asked Questions

Growth & Financials

Indonesia Energy Corporation Limited (INDO) reported $4.4M in revenue for fiscal year 2024. This represents a 81% increase from $2.4M in 2016.

Indonesia Energy Corporation Limited (INDO) saw revenue decline by 24.3% over the past year.

Indonesia Energy Corporation Limited (INDO) reported a net loss of $7.7M for fiscal year 2024.

Dividend & Returns

Indonesia Energy Corporation Limited (INDO) has a return on equity (ROE) of -38.6%. Negative ROE indicates the company is unprofitable.

Indonesia Energy Corporation Limited (INDO) had negative free cash flow of $6.5M in fiscal year 2024, likely due to heavy capital investments.

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