Indonesia Energy Corporation Limited Ordinary Shares (INDO)

FairStock Score: 36/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business, not the ticker. Indonesia Energy is a tiny oil-and-gas explorer and producer—39 employees, a producing block at Kruh in South Sumatra, and a large exploration block at Citarum in West Java. That mix offers potential production cash flow but also wildcat exploration risk. The financials in front of me are not those of a healthy enterprise: at the 2026-10-13 close of $2.75, market cap is $50.5M, the FairStock P/E is -7.86, return on equity is -26.95%, and return on capital employed is -12.81%. The Piotroski F-Score is 1/9, a weak fundamental reading. The balance sheet, however, is not drowning in debt: debt-to-equity is 0.04, and the Altman Z-Score of 6.96 suggests low near-term bankruptcy risk on these inputs. Valuation is not Graham-cheap: P/B is 2.10 for a business earning negative returns. Book value is not a bargain if it cannot generate earnings. The 52-week range of $2.44 to $8.50 shows the market has repriced sharply. Beta of -0.65 is unusual and may reflect idiosyncratic rather than defensive qualities. Growth data is missing, and the Lynch category is none because only 0 years of filed results are available—hardly a track record to underwrite. A moat is difficult to identify in a small commodity E&P with no dividend. I would need sustained production, reserve data, and positive cash flow before calling this a durable compounding candidate. At present, it is a speculative resource option, not a proven value investment.

In plain English: Indonesia Energy is a small oil and gas company in Indonesia with a producing field and an exploration area. The business looks weak right now: it is losing money, earns poor returns on its capital, and pays no dividend. At $2.75 per share, the price does not look cheap against its current numbers because it trades above the value of its net assets while losses continue.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer