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PT. Indika Energy Tbk (INDY.JK)

IDR2,230.00 +140.00 (+6.70%)
ID JKT Energy Coal
Address Mitra Building 12930
Jakarta, ID
CEO Ricky Fernando Gouwadi
IPO 2008-06-11
ISIN ID1000110901

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Description

PT. Indika Energy Tbk operates as a comprehensive energy company based in Indonesia, encompassing divisions for Energy Resources, Energy Services, Energy Infrastructure, and various Other Portfolio Holdings. In its Energy Resources segment, the company is a significant coal producer, conducting surface mining activities across a 50,921-hectare concession in Paser Regency, East Kalimantan. The Energy Services division provides an array of offerings for the coal, oil, and gas sectors, such as mining, engineering, procurement, construction (EPC), and offshore supply base support. Under Energy Infrastructure, Indika Energy is involved in the operation and maintenance of logistics, in addition to owning and managing a 660-megawatt coal-fired power plant situated in Cirebon, West Java. The company further extends its reach into logistics and support, delivering complete supply chain business process solutions, warehousing, inventory management, transportation, and port operations. This also includes integrated ship docking services, covering operations, management, logistics, maintenance, and portside support. Beyond these core energy and logistics endeavors, Indika Energy maintains a diverse investment portfolio. This spans general trading, marketing, financing, coal and mineral trading, contracting, development, construction, real estate, agriculture, printing, and workshop services. Demonstrating a forward-looking approach, the company is also involved in renewable energy, electric vehicle (EV) mobility solutions, and nature-based solutions, as well as providing consultancy services for the construction, industrial, and infrastructure sectors. Its wide-ranging additional services include transportation management, business and management consulting, gold mining, information and communication technology, manpower provision, travel agency operations, insurance, vehicle repair and maintenance, rental and leasing, waste management, and digital technology services, alongside various professional, scientific, and technical expertise. Established in 2000, PT. Indika Energy Tbk has its headquarters in Jakarta, Indonesia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
IDR2,230.00 +140.00 (+6.70%)
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Volume Profile
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Liquidity & share structure
Average Volume
25M
Beta
0.37
Float Shares
1.76B
Free Float %
33.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.39% -7.69% -37.53% -37.87% +30.29% +0.88% +59.44% +29.91% +77.43% +270.73% -33.43%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,230.00
DCF (Unlevered) 3,239.12 +45.3%
DCF (Levered) 3,542.59 +58.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.69
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
2 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Coal: -9.5%
    -18.0% Q1'26: 0.0% (vs Q1'25)
  • EPS growth Coal: -15.8%
    -42.1% Q1'26: +116.7% (vs Q1'25)
  • FCF margin FCF growth · Coal: +4.7%
    -0.9% Q1'26: 0.0% (vs Q1'25)
  • EBIT margin Coal: +10.5%
    +5.0% Q1'26: +7.1% (vs Q1'25)
  • ROIC Coal: +3.2%
    +3.2% Q1'26: +4.4% (vs Q1'25)
  • Share dilution Coal: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Coal: -0.13×
    7.28× Q1'26: 6.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.60) × ERP
WACC = 38% × Ke + 62% × Kd (6.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,239.12 Current price: 2,230.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
1.10B
est: 607.28M (+80.7%)
775.23M
est: 678.72M (+14.2%)
1.10B
est: 929.04M (+18.3%)
2.96B
est: 2.84B (+4.3%)
2.78B
est: 2.46B (+13.0%)
1.81B
est: 2.01B (-9.7%)
3.07B
est: 2.98B (+2.9%)
4.33B
est: 3.93B (+10.2%)
3.03B
est: 169.3K (+1,787,744.8%)
2.45B
est: 2.35B (+4.1%)
2.01B
est: 2.08B (-3.5%)
2.35B
2.02B – 2.77B
+13.1% YoY
2.69B
2.52B – 2.85B
+14.3% YoY
2.53B
2.28B – 2.83B
-5.8% YoY
EBITDA
27.82M
est: 94.08M (-70.4%)
-24.38M
est: 105.15M (-123.2%)
380.79M
est: 143.93M (+164.6%)
495.55M
est: 439.99M (+12.6%)
284.28M
est: 381.41M (-25.5%)
104.77M
est: 311.24M (-66.3%)
741.47M
est: 462.29M (+60.4%)
1.24B
est: 609.38M (+103.8%)
361.37M
est: 26.2K (+1,377,647.9%)
169.92M
est: 371.78M (-54.3%)
148.01M
est: 328.77M (-55.0%)
371.88M
320.10M – 437.93M
+13.1% YoY
424.99M
398.79M – 451.19M
+14.3% YoY
400.14M
360.50M – 447.19M
-5.8% YoY
EBIT
-23.69M
est: 72.81M (-132.5%)
-62.73M
est: 81.37M (-177.1%)
357.05M
est: 111.39M (+220.5%)
354.94M
est: 340.50M (+4.2%)
145.37M
est: 295.17M (-50.7%)
-35.83M
est: 240.86M (-114.9%)
599.85M
est: 357.76M (+67.7%)
1.10B
est: 471.59M (+132.8%)
316.87M
est: 20.3K (+1,560,967.0%)
161.02M
est: 314.75M (-48.8%)
100.61M
est: 278.34M (-63.9%)
314.84M
271.00M – 370.76M
+13.1% YoY
359.80M
337.62M – 381.98M
+14.3% YoY
338.77M
305.20M – 378.60M
-5.8% YoY
Net Income
-44.59M
-67.59M
est: 47.16M (-243.3%)
335.42M
est: 229.65M (+46.1%)
80.07M
est: 191.88M (-58.3%)
-18.16M
est: 95.85M (-118.9%)
-117.54M
est: -62.52M (-88.0%)
57.72M
est: 139.05M (-58.5%)
452.68M
est: 513.08M (-11.8%)
119.68M
10.08M
est: 43.03M (-76.6%)
5.95M
est: 21.90M (-72.8%)
28.89M
24.87M – 32.91M
+31.9% YoY
158.64M
147.46M – 169.82M
+449.1% YoY
135.40M
116.56M – 154.24M
-14.7% YoY
SGA
26.86M
est: 25.06M (+7.2%)
18.92M
est: 28.00M (-32.4%)
29.94M
est: 38.33M (-21.9%)
65.19M
est: 117.18M (-44.4%)
66.02M
est: 101.58M (-35.0%)
48.82M
est: 82.89M (-41.1%)
79.53M
est: 123.12M (-35.4%)
146.31M
est: 162.30M (-9.9%)
239.78M
est: 7.0K (+3,432,688.1%)
99.12M
est: 118.03M (-16.0%)
143.65M
est: 104.37M (+37.6%)
118.06M
101.62M – 139.03M
+13.1% YoY
134.92M
126.60M – 143.23M
+14.3% YoY
127.03M
114.44M – 141.97M
-5.8% YoY
EPS
-0.01
-0.01
est: 0.01 (-243.4%)
0.06
est: 0.04 (+45.9%)
0.02
est: 0.04 (-58.2%)
0.00
est: 0.02 (-94.6%)
-0.02
est: -0.01 (-65.6%)
0.04
est: 0.03 (+49.3%)
0.09
est: 0.10 (-11.9%)
0.02
0.00
est: 0.01 (-76.8%)
0.00
est: 0.00 (-73.6%)
0.01
0.00 – 0.01
+31.9% YoY
0.03
0.03 – 0.03
+455.7% YoY
0.03
0.02 – 0.03
-15.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B- 3/5 4/5 2/5 2/5 2/5 1/5 4/5
2026-05-26 B- 2/5 3/5 2/5 2/5 2/5 1/5 4/5
2026-05-25 B- 2/5 3/5 2/5 2/5 2/5 1/5 4/5
2026-05-22 B 3/5 4/5 2/5 2/5 2/5 1/5 5/5
2026-05-21 B 3/5 4/5 2/5 2/5 2/5 1/5 5/5
2026-05-20 B 3/5 4/5 2/5 2/5 2/5 1/5 5/5
2026-05-19 B 3/5 4/5 2/5 2/5 2/5 1/5 5/5
2026-05-18 B- 3/5 3/5 2/5 2/5 2/5 1/5 5/5
2026-05-13 B- 3/5 3/5 2/5 2/5 2/5 1/5 5/5
2026-05-12 B- 3/5 3/5 2/5 2/5 2/5 1/5 5/5
2026-05-11 B- 3/5 3/5 2/5 2/5 2/5 1/5 5/5
2026-05-08 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-05-07 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-05-06 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-05-05 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-05-04 B- 3/5 3/5 2/5 3/5 1/5 1/5 5/5
2026-04-30 B- 2/5 3/5 2/5 3/5 1/5 1/5 4/5
2026-04-29 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-28 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-27 B 3/5 3/5 2/5 4/5 1/5 1/5 5/5
2026-04-24 B- 3/5 3/5 2/5 4/5 1/5 1/5 4/5
2026-04-23 B- 3/5 3/5 2/5 4/5 1/5 1/5 4/5
2026-04-22 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-21 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-20 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-17 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-16 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-15 B 3/5 4/5 2/5 5/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-94.63M
OE per share TTM
-0.02
Owner's Yield
0.00%
Maintenance CapEx ratio
400.71%
Maint CapEx / Avg PPE
18.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
41.5K
Shares Outstanding
5.20B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Agus Lasmono Owner & President Commissioner male
Aziza Armand President Director male
Lista Kusnadi Senior VP, Head of Finance Controller, Accounting & Treasury (Acting) female
Lucas Djunaidi Senior Vice President and Chief Risk & Compliance Officer male
Muthia A. H. Soebagjo Head of Corporate Legal
Nicky Mario Kurniawan Head of Corporate Finance
Prabaharan Gopalan Chief Information Officer male
Retina Rosabai Group Chief Financial Officer & Director female
Ricardo Silaen Head of Investor Relations male
Ricky Fernando Gouwadi Head of Corporate Communications, Sustainability & CEO Office male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits