Indonesia Energy Corporation Limited (INDO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Indonesia Energy Corporation Limited (INDO) stock price & volume — 10-year historical chart
Indonesia Energy Corporation Limited (INDO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Indonesia Energy Corporation Limited (INDO) competitors in International emerging market upstream producers — business model, growth, and fundamentals comparison
Indonesia Energy Corporation Limited (INDO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Indonesia Energy Corporation Limited (INDO) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.45M | 3.7M | 5.86M | 4.18M | 1.98M | 2.45M | 4.1M | 3.53M | 2.67M |
| Revenue Growth % | - | 51.38% | 58.12% | -28.57% | -52.65% | 23.82% | 67.07% | -13.96% | -24.34% |
| Cost of Goods Sold | 4.26M | 4M | 3.7M | 3.35M | 2.72M | 3.3M | 4.09M | 3.65M | 3.43M |
| COGS % of Revenue | 174.01% | 107.95% | 63.13% | 80.1% | 137.15% | 134.69% | 99.89% | 103.62% | 128.59% |
| Gross Profit | -1.81M▲ 0% | -294.4K▲ 83.7% | 2.16M▲ 833.5% | 832.45K▼ 61.5% | -735.93K▼ 188.4% | -850.79K▼ 15.6% | 4.43K▲ 100.5% | -127.63K▼ 2983.7% | -762.64K▼ 497.5% |
| Gross Margin % | -74.01% | -7.95% | 36.87% | 19.9% | -37.15% | -34.69% | 0.11% | -3.62% | -28.59% |
| Gross Profit Growth % | - | 83.74% | 833.53% | -61.45% | -188.41% | -15.61% | 100.52% | -2983.69% | -497.53% |
| Operating Expenses | 870.01K | 1.26M | 2.02M | 2.43M | 6.53M | 5.25M | 4.6M | 3.37M | 5.17M |
| OpEx % of Revenue | 35.56% | 33.97% | 34.43% | 58.19% | 329.85% | 214.09% | 112.33% | 95.53% | 193.82% |
| Selling, General & Admin | 870.01K | 1.26M | 2.02M | 2.43M | 6.53M | 5.25M | 4.6M | 3.37M | 5.17M |
| SG&A % of Revenue | 35.56% | 33.97% | 34.43% | 58.19% | 329.85% | 214.09% | 112.33% | 95.53% | 193.82% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -2.68M▲ 0% | -1.55M▲ 42.1% | 143.38K▲ 109.2% | -1.6M▼ 1217.0% | -7.27M▼ 353.9% | -6.1M▲ 16.1% | -4.6M▲ 24.6% | -3.5M▲ 24.0% | -5.93M▼ 69.7% |
| Operating Margin % | -109.57% | -41.92% | 2.45% | -38.29% | -367.01% | -248.78% | -112.22% | -99.15% | -222.41% |
| Operating Income Growth % | - | 42.09% | 109.24% | -1217.04% | -353.88% | 16.07% | 24.64% | 23.98% | -69.72% |
| EBITDA | -1.74M | -349K | 1.34M | -667.56K | -6.57M | -5.29M | -3.46M | -2.32M | -4.47M |
| EBITDA Margin % | -71.12% | -9.42% | 22.9% | -15.96% | -331.73% | -215.72% | -84.41% | -65.83% | -167.61% |
| EBITDA Growth % | - | 79.94% | 484.27% | -149.78% | -884.29% | 19.48% | 34.63% | 32.9% | -92.66% |
| D&A (Non-Cash Add-back) | 940.87K | 1.2M | 1.2M | 934.09K | 698.85K | 810.86K | 1.14M | 1.17M | 1.46M |
| EBIT | -3.22M | -1.55M | 189.65K | -1.6M | -7.27M | -6.1M | -4.6M | -3.56M | -5.99M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | -23.84K | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 42K | 35.27K | 26.22K | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 42K | 35.27K | 26.22K | 23.84K | 0 | 0 |
| Other Income/Expense | -538.73K | -66.57K | -2.4K | -72.08K | 317.88K | 18.03K | 1.48M | 852.98K | -410.8K |
| Pretax Income | -3.22M▲ 0% | -1.62M▲ 49.7% | 140.99K▲ 108.7% | -1.67M▼ 1287.1% | -6.95M▼ 315.3% | -6.08M▲ 12.5% | -3.12M▲ 48.7% | -2.64M▲ 15.4% | -6.34M▼ 140.0% |
| Pretax Margin % | -131.59% | -43.71% | 2.41% | -40.01% | -350.96% | -248.04% | -76.21% | -74.96% | -237.81% |
| Income Tax | 0 | -13.91K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0.86% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -3.19M▲ 0% | -1.6M▲ 49.7% | 145.72K▲ 109.1% | -1.67M▼ 1248.6% | -6.95M▼ 315.3% | -6.05M▲ 12.9% | -3.12M▲ 48.4% | -2.64M▲ 15.4% | -6.34M▼ 140.0% |
| Net Margin % | -130.27% | -43.31% | 2.49% | -40.01% | -350.96% | -246.88% | -76.21% | -74.96% | -237.81% |
| Net Income Growth % | - | 49.67% | 109.08% | -1248.57% | -315.34% | 12.9% | 48.43% | 15.37% | -140.04% |
| Net Income (Continuing) | -3.22M | -1.62M | 140.99K | -1.67M | -6.95M | -6.08M | -3.12M | -2.64M | -6.34M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -166.62K | -158.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.43▲ 0% | -0.22▲ 48.8% | 0.02▲ 109.0% | -0.29▼ 1564.6% | -0.94▼ 224.1% | -0.82▲ 12.8% | -0.35▲ 57.3% | -0.26▲ 25.7% | -0.62▼ 138.5% |
| EPS Growth % | - | 48.84% | 109% | -1564.65% | -224.14% | 12.77% | 57.32% | 25.71% | -138.46% |
| EPS (Basic) | -0.43 | -0.22 | 0.02 | -0.29 | -0.94 | -0.82 | -0.35 | -0.26 | -0.62 |
| Diluted Shares Outstanding | 7.36M | 7.36M | 7.36M | 6.05M | 7.4M | 7.42M | 8.89M | 10.14M | 10.14M |
| Basic Shares Outstanding | 7.36M | 7.36M | 7.36M | 6.05M | 7.4M | 7.42M | 8.89M | 10.14M | 10.14M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Indonesia Energy Corporation Limited (INDO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 4.26M | 4.55M | 4M | 15.07M | 11.24M | 3.53M | 7.87M | 6.08M | 6.06M |
| Cash & Short-Term Investments | 2.36M | 182.63K | 898.74K | 12.24M | 6.9M | 595.01K | 5.9M | 2.01M | 4.57M |
| Cash Only | 2.36M | 182.63K | 898.74K | 12.24M | 6.9M | 595.01K | 5.9M | 2.01M | 4.57M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.2M | 1.94M | 760.27K | 350.67K | 1.13M | 1.01M | 654.99K | 890.03K | 894.34K |
| Days Sales Outstanding | 178.53 | 191.36 | 47.38 | 30.6 | 208.59 | 149.82 | 58.35 | 92.15 | 122.37 |
| Inventory | 645.97K | 311.89K | 251.82K | 248.37K | 296.61K | 136.62K | 121.74K | 148.38K | 190.58K |
| Days Inventory Outstanding | 55.38 | 28.47 | 24.86 | 27.05 | 39.85 | 15.1 | 10.86 | 14.83 | 20.28 |
| Other Current Assets | 38.59K | 2M | 2M | 2.06M | 2.5M | 1M | 0 | 1.57M | 0 |
| Total Non-Current Assets | 3.85M | 4.12M | 5.88M | 6.08M | 4.33M | 8.56M | 12.71M | 11.64M | 15.86M |
| Property, Plant & Equipment | 3.02M | 3.61M | 2.77M | 2.56M | 2.58M | 5.59M | 9.81M | 9.47M | 11.48M |
| Fixed Asset Turnover | 0.81x | 1.03x | 2.11x | 1.63x | 0.77x | 0.44x | 0.42x | 0.37x | 0.23x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 160.1K | 173.83K | 1.53M | 1.77M | 0 | 1.5M | 1.5M | 970K | 3.2M |
| Other Non-Current Assets | 661.5K | 335.24K | 1.57M | 1.75M | 1.75M | 1.46M | 1.4M | 1.2M | 1.18M |
| Total Assets | 8.1M▲ 0% | 8.67M▲ 7.0% | 9.88M▲ 13.9% | 21.16M▲ 114.2% | 15.58M▼ 26.4% | 12.09M▼ 22.4% | 20.57M▲ 70.2% | 17.72M▼ 13.9% | 21.91M▲ 23.6% |
| Asset Turnover | 0.30x | 0.43x | 0.59x | 0.20x | 0.13x | 0.20x | 0.20x | 0.20x | 0.12x |
| Asset Growth % | - | 7.01% | 13.92% | 114.18% | -26.37% | -22.38% | 70.17% | -13.85% | 23.64% |
| Total Current Liabilities | 1.78M | 3.81M | 2.67M | 2.74M | 1.83M | 2.83M | 1.22M | 1.61M | 1.91M |
| Accounts Payable | 1M | 1.21M | 1.03M | 917.24K | 297.08K | 1.6M | 719.1K | 753.82K | 899.64K |
| Days Payables Outstanding | 86 | 110.23 | 101.37 | 99.91 | 39.91 | 177.25 | 64.13 | 75.32 | 95.73 |
| Short-Term Debt | 236.8K | 1.85M | 1.11M | 1.11M | 980.45K | 980.45K | 52.14K | 0 | 0 |
| Deferred Revenue (Current) | 137.28K | 725.78K | 101.41K | 681.84K | 0 | 228.47K | 0 | 0 | 0 |
| Other Current Liabilities | 261.07K | 23.09K | 22.95K | -647.59K | 19.12K | -207.88K | 17.94K | 17.94K | 17.94K |
| Current Ratio | 2.40x | 1.20x | 1.50x | 5.50x | 6.15x | 1.25x | 6.47x | 3.77x | 3.18x |
| Quick Ratio | 2.03x | 1.11x | 1.40x | 5.41x | 5.99x | 1.20x | 6.37x | 3.68x | 3.08x |
| Cash Conversion Cycle | 147.91 | 109.61 | -29.12 | -42.26 | 208.52 | -12.34 | 5.08 | 31.65 | 46.92 |
| Total Non-Current Liabilities | 24.13M | 24.25M | 2.13M | 2.22M | 1.39M | 1.44M | 2.03M | 1.42M | 1.82M |
| Long-Term Debt | 23.88M | 23.88M | 2M | 2M | 1M | 1M | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 95.6K | 467.84K | 324.88K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 243.19K | 365.84K | 131.34K | 222.34K | 389.95K | 436.65K | 1.94M | 953.11K | 1.49M |
| Total Liabilities | 25.9M | 28.06M | 4.8M | 4.96M | 3.22M | 4.27M | 3.25M | 3.03M | 3.72M |
| Total Debt | 24.12M | 25.73M | 3.11M | 3.11M | 1.98M | 1.98M | 351.45K | 1.1M | 881.64K |
| Net Debt | 21.76M | 25.55M | 2.21M | -9.14M | -4.92M | 1.39M | -5.54M | -912.52K | -3.69M |
| Debt / Equity | - | - | 0.61x | 0.19x | 0.16x | 0.25x | 0.02x | 0.07x | 0.05x |
| Debt / EBITDA | - | - | 2.32x | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | 1.65x | - | - | - | - | - | - |
| Interest Coverage | - | - | - | -38.13x | -206.11x | -232.70x | -192.91x | - | - |
| Total Equity | -17.8M▲ 0% | -19.39M▼ 8.9% | 5.07M▲ 126.2% | 16.19M▲ 219.2% | 12.36M▼ 23.7% | 7.82M▼ 36.7% | 17.32M▲ 121.5% | 14.69M▼ 15.2% | 18.19M▲ 23.8% |
| Equity Growth % | - | -8.91% | 126.17% | 219.19% | -23.69% | -36.72% | 121.54% | -15.21% | 23.83% |
| Book Value per Share | -2.42 | -2.63 | 0.69 | 2.68 | 1.67 | 1.05 | 1.95 | 1.45 | 1.79 |
| Total Shareholders' Equity | -17.63M | -19.23M | 5.07M | 16.19M | 12.36M | 7.82M | 17.32M | 14.69M | 18.19M |
| Common Stock | 16K | 16K | 16K | 19.64K | 19.75K | 19.86K | 27.05K | 27.05K | 36.27K |
| Retained Earnings | -17.65M | -19.26M | -19.11M | -20.78M | -27.73M | -33.82M | -36.94M | -39.58M | -45.93M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 16.45K | 25.9K | 46.26K | 46.8K | 0 | 30.7K | 89.95K | 98.49K | 103.2K |
| Minority Interest | -166.62K | -158.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Indonesia Energy Corporation Limited (INDO) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -2.14M | -182.74K | 1.92M | -439.79K | -5.19M | -3.55M | -3.21M | -2.98M | -3.09M |
| Operating CF Margin % | -87.35% | -4.93% | 32.79% | -10.51% | -261.82% | -144.69% | -78.3% | -84.5% | -115.73% |
| Operating CF Growth % | - | 91.45% | 1150.81% | -122.9% | -1079.2% | 31.57% | 9.6% | 7.14% | -3.63% |
| Net Income | -3.19M | -1.62M | 140.99K | -1.67M | -6.95M | -6.08M | -3.12M | -2.64M | -6.34M |
| Depreciation & Amortization | 940.87K | 1.19M | 1.16M | 876.68K | 698.85K | 889.85K | 1.49M | 1.17M | 1.46M |
| Stock-Based Compensation | 0 | 228.93K | 0 | 247.82K | 3.16M | 1.51M | 737.27K | 0 | 1.46M |
| Deferred Taxes | 0 | 68.92K | 0 | -876.68K | -698.85K | -889.85K | 0 | 0 | 0 |
| Other Non-Cash Items | 1.63M | 16.25K | 43.19K | 934.09K | 578.14K | 967.24K | -1.51M | -781.63K | 614.41K |
| Working Capital Changes | 141.43K | -65.02K | 579.55K | 52.03K | -1.98M | 53.12K | -801.77K | -729.6K | -276.37K |
| Change in Receivables | -418.07K | -510.76K | 244.79K | 409.6K | -1.05M | 134.21K | 529.59K | -114.18K | 238K |
| Change in Inventory | 0 | 108.85K | 60.07K | -221.06K | -523.68K | 0 | 0 | 0 | 0 |
| Change in Payables | 642.46K | 214.24K | -180.78K | -109.43K | -473.5K | 0 | -255.15K | 102.92K | 145.81K |
| 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 Revenue | 40.7% | 37.37% | 3.94% | 13.04% | 18.04% | 12.7% | 0.04% | 11.9% | 105.76% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -160.1K | -210.57K | -623.02K | -500K | 0 | -2.45M | -5.41M | 0 | 0 |
| Cash from Financing | 2.54M | 1.61M | 1.17M | 13.12M | -1.13M | 0 | 12.93M | 0 | 8.41M |
| Debt Issued (Net) | 0 | 1.61M | 1.61M | 174 | -1.13M | 0 | 6.61M | -472.78K | -796.5K |
| Equity Issued (Net) | 0 | 0 | 0 | 13.65M | 0 | 0 | 4.37M | 0 | 8.41M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 2.54M | 0 | -443.31K | -525.93K | 0 | 0 | 1.95M | 472.78K | 796.5K |
| Net Change in Cash | -755.54K▲ 0% | -162.93K▲ 78.4% | 2.24M▲ 1473.0% | 11.64M▲ 420.3% | -6.67M▼ 157.3% | -6.31M▲ 5.4% | 4.3M▲ 168.2% | -3.4M▼ 179.0% | 2.5M▲ 173.5% |
| Free Cash Flow | -3.13M▲ 0% | -1.57M▲ 50.0% | 1.69M▲ 207.8% | -985.37K▼ 158.3% | -5.54M▼ 462.6% | -3.86M▲ 30.4% | -3.21M▲ 16.8% | -3.4M▼ 5.9% | -3.09M▲ 9.2% |
| FCF Margin % | -128.05% | -42.3% | 28.85% | -23.55% | -279.86% | -157.4% | -78.34% | -96.4% | -115.73% |
| FCF Growth % | - | 49.99% | 207.84% | -158.32% | -462.57% | 30.36% | 16.85% | -5.87% | 9.16% |
| FCF per Share | -0.43 | -0.21 | 0.23 | -0.16 | -0.75 | -0.52 | -0.36 | -0.34 | -0.30 |
| FCF Conversion (FCF/Net Income) | 0.67x | 0.11x | 13.18x | 0.26x | 0.75x | 0.59x | 1.03x | 1.13x | 0.49x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Indonesia Energy Corporation Limited (INDO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| 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 | - | - | 0.61x | 0.19x | 0.16x | 0.25x | 0.02x | 0.07x | 0.05x |
| Interest Coverage | - | - | - | -38.13x | -206.11x | -232.70x | -192.91x | - | - |
| FCF Conversion | 0.67x | 0.11x | 13.18x | 0.26x | 0.75x | 0.59x | 1.03x | 1.13x | 0.49x |
| Revenue Growth | - | 51.38% | 58.12% | -28.57% | -52.65% | 23.82% | 67.07% | -13.96% | -24.34% |
Indonesia Energy Corporation Limited (INDO) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
Indonesia Energy Corporation Limited (INDO) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates