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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#2425
Positioning
Market Dominance
Mining
Petroleum And Natural Gas
$0
Wirawan Jusuf
Indonesia Energy Corporation Limited is a subsidiary of Maderic Holding Limited. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. It holds interests in the Kruh Block, a producing block with net crude oil proved reserves of 2.63 million barrels.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$VALE Vale S.A. | 75 | 88 | 93 | 67 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$SU SUNCOR ENERGY INC | 74 | 87 | 90 | 53 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TRX TRX GOLD Corp | 72 | 83 | 77 | 96 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ORLA Orla Mining Ltd. | 72 | 94 | 83 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$KGC KINROSS GOLD CORP | 71 | 83 | 89 | 79 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AEM AGNICO EAGLE MINES LTD | 71 | 80 | 80 | 71 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$RIO RIO TINTO PLC | 70 | 76 | 84 | 64 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$IAG IAMGOLD CORP | 70 | 71 | 82 | 89 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NGD New Gold Inc. /FI | 70 | 76 | 67 | 92 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PDS PRECISION DRILLING Corp | 70 | 77 | 90 | 65 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$INDO Indonesia Energy Corp Ltd | 47 | 41 | 6 | 71 | - | - | -139.5% | -115.8% | 100.0% | -222.4% | -237.8% | - | - | 0.0x | $0 | ||
| SECTOR BENCH | - | - | - | - | - | 13.7x | 5.2x | 4.3% | 3.9% | 45.8% | 7.6% | 5.8% | 0.1% | 0.0% | 0.3x | - | REF |
Indonesia Energy Corp Ltd (INDO) receives a "Reduce" rating with a composite score of 47.4/100. It ranks #2425 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Outperforming peers — winners tend to keep winning over 3-12 months
Expensive relative to fundamentals — limited margin of safety
Average quality profile
High volatility — wider range of outcomes increases timing risk
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Mining sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for INDO.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 41 | 37 | +4NEUTRAL |
| MOMENTUM | 71 | 77 | -6DRAG |
| VALUATION | 6 | 2 | +4NEUTRAL |
| INVESTMENT | 37 | 51 | -14DRAG |
| STABILITY | 35 | 29 | +6ALPHA |
| SHORT INT | 54 | 65 | -11DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -139.5% (sector 4.3%)
GM 100% vs sector 46%, OM -222% vs sector 8%
Capital turnover N/A
Rev growth N/A, 6yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Indonesia Energy Corp Ltd (INDO) as a Reduce with a composite score of 47.4/100 at a current price of $4.43. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
Indonesia Energy Corp Ltd holds a top-quartile position (#0 of 50) within the Mining sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 47.4/100 places it at rank #2425 in our full universe.
No Moat
Medium
Poor
Fair Value
Gross margins of 100% signal strong pricing power.
Positive momentum indicates institutional accumulation.
Stable competitive position in a defensive sector.
Vulnerability to macroeconomic shocks and interest rate volatility.
Indonesia Energy Corp Ltd represents a reduce based on multi-factor quantitative performance.
Indonesia Energy Corp Ltd receives a Reduce rating from our analysis, with a composite score of 47.4/100 and 2 out of 5 stars, ranking #2425 out of 7,333 stocks. INDO's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
INDO's quality score of 41/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -139.5% (sector avg: 4.3%), gross margins of 100.0% (sector avg: 45.8%), net margins of -237.8% (sector avg: 5.8%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
INDO registers a value score of just 6/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/B ratio of 3.94x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
Indonesia Energy Corp Ltd's investment score of 37/100 suggests limited reinvestment activity. Key growth metrics include a return on assets of -115.8% (sector: 3.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
INDO shows strong momentum characteristics with a score of 71/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth data is not currently available, while a beta of 0.15 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
INDO's stability score of 35/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 0.15 and a debt-to-equity ratio of 0.00x (sector avg: 0.3x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 54/100 for INDO suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include micro-cap liquidity risk. With a $0 market cap (micro-cap), Indonesia Energy Corp Ltd may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
Indonesia Energy Corp Ltd is a micro-cap company in the Mining sector, ranked #0 of 50 in its sector (100th percentile) and #2425 of 7,333 overall (67th percentile). Key comparisons include ROE of -139.5% trailing the 4.3% sector median and operating margins of -222.4% below the 7.6% sector average. This top-quartile standing reflects exceptional competitive strength relative to Mining peers.
While INDO currently exhibits a REDUCE profile, superior opportunities exist within the MINING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Mining Alpha →Quant Factor Profile
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Improvement in Value (6) would have the largest impact on the composite score.
ROE 3344% BELOW SECTOR MEDIAN
Gross Margin 118% ABOVE SECTOR MEDIAN (FAVORABLE)
Op. Margin 3038% BELOW SECTOR MEDIAN

Indonesia Energy (NYSE: INDO) has announced significant pre-drilling progress for two new wells, K-29 and WK-5, on its 64,000-acre Kruh Block in Sumatra. The company is on track to begin drilling the first well before the end of Q1 2026, having completed key milestones such as constructing drilling pads, delivering equipment, and securing government-controlled explosives. President Frank Ingriselli will provide further updates at the DealFlow Discovery Conference on January 28, 2026.
President Frank Ingriselli will Provide Update on Two New Wells at Kruh Block, Where Pre-Drilling Operations Have Commenced JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that IEC’s President Frank Ingriselli will be making a presentation on January 28, 2026 at the upcoming DealFlow Discovery Conference taking place in Atlanti

Indonesia Energy Corporation (INDO) announced that its President, Frank Ingriselli, will present at the DealFlow Discovery Conference on January 28, 2026. He will update on drilling operations at the 63,000-acre Kruh Block, where pre-drilling work for two new wells, K-29 and WK-5, has begun, with drilling expected to commence before the end of Q1 2026. The company has already constructed drilling pads and delivered necessary equipment, maintaining its schedule for these operations.
Company to present at upcoming DealFlow Discovery Conference on January 28 JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced pre-drilling progress on its planned next two (2) wells at IEC’s Kruh Block. IEC remains on target to commence drilling at the first of these new wells before the end of this first quarter of 2026. The well

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Above 50MA
37.18%
Net New Highs
+51081