Indorama Ventures (INDOY) AI Stock Analysis

14 Followers

Indorama Ventures

(Other OTC:INDOY)

Select Model

Rating:40Underperform

Price Target:$6.50▼(-1.99% Downside)

Action:downgraded

Date:11/11/26

The overall score of 40 reflects a high-risk profile. The most significant factor is the company's fragile financial health, characterized by a highly leveraged balance sheet and razor-thin profitability, which poses a substantial risk. This is compounded by extremely weak technical momentum, with the stock in a clear downtrend and oversold condition. A high dividend yield provides a minor offset but is not enough to counterbalance the fundamental and technical headwinds.

Positive Factors

Integrated global business modelIndorama Ventures’ integrated polyester and PET value chain allows it to participate across multiple production stages while serving packaging, textile, and industrial customers. Its regional manufacturing footprint can support local supply and provide some flexibility to direct volumes toward stronger-demand markets.

Negative Factors

Elevated leverageElevated and rising leverage increases the company’s sensitivity to weaker petrochemical conditions and limits financial flexibility. If earnings soften again, a larger portion of cash generation may be required for debt obligations, reducing capacity for reinvestment and making the recovery more vulnerable.

Indorama Ventures (INDOY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $3.76B
Dividend Yield: 3.69%
Average Volume (3M): 800
Price to Earnings (P/E): -448.0
Beta (1Y): 0.35
Revenue Growth: 5.77%
EPS Growth: 81.30%
Country: US
Employees: 22,027
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals

Indorama Ventures Business Overview & Revenue Model

Company Description

Indorama Ventures Public Company Limited functions as a global manufacturer and distributor of a wide array of chemical and fiber products. Its extensive product range includes polyethylene terephthalate (PET), purified terephthalic acid (PTA), parax...

How the Company Makes Money

Indorama Ventures makes money primarily by manufacturing and selling petrochemical and polymer products, with earnings largely driven by sales volumes, product mix, and the spread (margin) between selling prices and raw-material/feedstock costs. Key...

Indorama Ventures Financial Statement Overview

Summary

Financial performance is weak. While TTM results show a return to marginal profitability and solid operating cash flow, the income statement score of 35 and balance sheet score of 30 reflect razor-thin margins and a highly leveraged, eroding equity base. The cash flow score of 55 provides some support, but the overall financial health is fragile and high-risk.

Income Statement

35Negative

Balance Sheet

30Negative

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	484.36B	428.76B	541.58B	544.30B	656.27B	470.55B
Gross Profit	68.32B	47.78B	75.26B	68.26B	114.04B	84.98B
EBITDA	41.01B	24.49B	22.18B	29.47B	76.32B	63.81B
Net Income	725.11M	-7.35B	-19.26B	-10.80B	31.01B	26.29B
Balance Sheet
Total Assets	574.70B	523.73B	541.55B	590.13B	623.88B	541.83B
Cash, Cash Equivalents and Short-Term Investments	44.45B	28.00B	19.08B	20.79B	23.06B	16.46B
Total Debt	283.90B	279.16B	262.02B	254.33B	254.31B	224.23B
Total Liabilities	441.81B	409.62B	402.62B	412.06B	422.99B	370.82B
Stockholders Equity	120.14B	102.68B	125.95B	164.36B	185.99B	158.77B
Cash Flow
Free Cash Flow	30.19B	15.49B	17.52B	26.90B	49.42B	10.57B
Operating Cash Flow	45.02B	32.64B	35.11B	53.13B	77.98B	33.77B
Investing Cash Flow	-17.69B	-25.55B	-21.88B	-25.65B	-74.16B	-25.77B
Financing Cash Flow	-19.32B	2.52B	-14.54B	-28.91B	1.52B	-10.89B

Indorama Ventures Technical Analysis

Technical Analysis SentimentNegative

Last Price6.63

Price Trends

50DMA8.04Negative

100DMA7.43Negative

200DMA7.26Negative

Market Momentum

MACD-0.38Positive

RSI24.64Positive

STOCH6.99Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INDOY, the sentiment is Negative. The current price of 6.63 is below the 20-day moving average (MA) of 7.50, below the 50-day MA of 8.04, and below the 200-day MA of 7.26, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 24.64 is Positive, neither overbought nor oversold. The STOCH value of 6.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INDOY.

Indorama Ventures Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

INDOY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSL	73Outperform	$8.75B	12.51	7.73%	―	17.90%	95.98%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CE	61Neutral	$5.65B	21.81	6.35%	0.23%	1.43%	―
DOW	60Neutral	$23.56B	-26.38	-4.50%	4.22%	4.16%	20.86%
HUN	49Neutral	$1.71B	-10.19	-6.12%	3.62%	6.49%	47.81%
INDOY	40Underperform	$3.76B	-448.00	0.55%	3.69%	5.77%	81.30%
BAK	39Underperform	$458.97M	-0.50	46.16%	―	-1.40%	2.39%

* Basic Materials Sector Average

Performance Comparison

INDOY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
INDOY	Indorama Ventures	6.63	1.57	31.07%
CE	Celanese	51.26	12.41	31.95%
BAK	Braskem Sa	1.13	-1.92	-62.95%
HUN	Huntsman	9.66	1.22	14.44%
SSL	Sasol Ltd	14.33	7.28	103.26%
DOW	Dow Inc.	33.15	11.30	51.71%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 11, 2026

Indorama Ventures AI Stock Analysis