Indika Energy stock: KAF sets IDR 2,500 target for Indika Energy stock

Published on 10/21/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 19.90 percent to USD 1.15 billion in first-half 2026. Indika Energy stock costs EUR 0.11 on October 21, 2026 at 4:02 p.m. CEST.

Analyst target and results

KAF Sekuritas set an IDR 2,500 target for Indika Energy on October 16, 2026.
Revenue rose 19.90 percent to USD 1.15 billion in the first half of 2026.
Indika Energy stock cost EUR 0.11 at Lang & Schwarz on October 21, 2026 at 4:02 p.m. CEST.
The next earnings date is October 30, 2026.

Indika Energy, ID1000110901, Illustration mit AI erstellt.

Indika Energy (ISIN ID1000110901) has an IDR 2,500 fundamental target from KAF Sekuritas dated October 16, 2026, 17.92 percent above the IDR 2,120 price on October 21, 2026. According to KAF Sekuritas, the stock carried a HOLD fundamental rating. Indika Energy was trading at EUR 0.11 at Lang & Schwarz on October 21, 2026 at 4:02 p.m. CEST.

Revenue growth meets thin earnings

Indika Energy reported first-half 2026 revenue of USD 1.15 billion, up 19.90 percent from the same period a year earlier. Adjusted EBITDA reached USD 139.10 million, an increase of 43.80 percent year over year, while profit attributable to the parent company was USD 10.20 million. These figures were reported by KAF Sekuritas on October 16, 2026.

Stock stays below its yearly high

The Indonesia-listed share stood at IDR 2,120 on October 21, 2026, within a 52-week range of IDR 1,735.00 to IDR 4,370.00. The current price is 51.49 percent below the 52-week high and 22.19 percent above the 52-week low. Indika Energy had a market capitalization of IDR 11.0 trillion and a price-to-earnings ratio of 43.41 on the same date.

Valuation and next reporting date

KAF's target is 17.92 percent above the current Indonesian share price, while the latest reported earnings leave the company with a relatively small parent-level profit against first-half revenue. The next earnings date is October 30, 2026, according to Investing.com.

Comparison with peers

Indika Energy: unchanged on October 21, 2026, P/E 43.41, market capitalization IDR 11.0 trillion.

Alamtri Resources Indonesia (IDX, IDR): unchanged on October 21, 2026, P/E 6.65, market capitalization IDR 60.9 trillion.

Bayan Resources (IDX, IDR): up 3.01 percent on October 21, 2026, P/E 22.81, market capitalization IDR 342.5 trillion.

Business mix remains diversified

Indika Energy describes its activities across energy, logistics and infrastructure, minerals, green business and digital operations. Its investor materials also set a goal for at least 50.00 percent of revenue to come from non-coal activities by 2028, linking the operating strategy to a measurable diversification target.

Stock price in Berlin trading

The euro quotation gives European investors a separate market view from the Indonesian share price. At Lang & Schwarz, Indika Energy was trading at EUR 0.11 on October 21, 2026 at 4:02 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Indika Energy stock.