Friday 6 November 2026
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Aquaron Acquisition Corp.
JXG Consumer Cyclical Apparel Manufacturing
Aquaron Acquisition Corp.’s revenue for fiscal 2025 (year ended December 2025) was $82.9 million, up 66.4% from fiscal 2024.
9.20
0.70
+8.24%
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Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 41 | 24 | 19 | 16 | 11 | 54 | 80 | 32 | 50 | 83 | +8.1% | — | — | — | — | |
| Gross margin, % | 5.24 | (48.45) | (12.50) | 34.93 | 22.97 | 1.57 | 1.83 | 17.14 | 16.76 | 12.58 | +7.3 pt | ||||||
| EBT | (16) | (19) | (23) | 0 | (7) | (7) | (55) | 3 | 4 | (11) | (3.9%) | ||||||
| EBT margin, % | (37.93) | (81.70) | (126.20) | 2.05 | (66.42) | (13.60) | (69.34) | 9.56 | 7.66 | (13.19) | +24.7 pt | ||||||
| Net income | (12) | (15) | (18) | 0 | (6) | (37) | (73) | 3 | 3 | (11) | (0.9%) | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 14,206.97 | 7,665.32 | 5,009.49 | 3,920.38 | 2,416.93 | 7,205.47 | 2,852.67 | 314.94 | 439.90 | 133.49 | (40.5%) | |||||
| Earnings | (4,120.39) | (4,773.61) | (4,833.58) | (24.88) | (1,253.37) | (4,935.53) | (2,620.69) | 29.99 | 27.14 | (17.71) | (45.4%) | ||||||
| Cash flow | 1,101.48 | 620.10 | (1,000.92) | (133.05) | (1,449.07) | (1,036.77) | (177.05) | (44.70) | 68.04 | (6.59) | n/m | ||||||
| Capex | (13.79) | (305.45) | (5.08) | 64.29 | (1.89) | (442.60) | (0.04) | 0.00 | (106.02) | (8.90) | (4.7%) | ||||||
| Free cash flow | 1,087.69 | 314.65 | (1,006.00) | (68.76) | (1,450.96) | (1,479.37) | (177.09) | (44.70) | (37.98) | (15.49) | n/m | ||||||
| Book value | 28,759.34 | 23,879.74 | 14,676.03 | 12,962.95 | 12,118.16 | 4,116.31 | 440.21 | 149.90 | 184.49 | 39.33 | (51.9%) | ||||||
| Shares, m | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | +81.5% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 14.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.5 | |||||
| P/S | 0.00 | 0.30 | 0.35 | 0.25 | 0.42 | 0.09 | 0.01 | 0.00 | 0.00 | 0.00 | 0.1 | ||||||
| P/B | 0.02 | 0.10 | 0.12 | 0.09 | 0.15 | 0.23 | 0.32 | 0.04 | 0.02 | 0.00 | 0.1 | ||||||
| EV/Sales | 0.00 | (0.73) | (0.72) | (0.76) | (0.43) | (0.09) | 0.02 | 0.01 | 0.00 | 0.01 | (0.3) | ||||||
| EV/FCF | 0.00 | (17.73) | 2.85 | 4.52 | 0.93 | 0.49 | (0.21) | (0.08) | 0.00 | 0.16 | (0.9) | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 3 | 2 | (4) | (1) | (7) | (8) | (5) | (5) | 8 | (4) | n/m | |||||
| Capex | 0 | (1) | 0 | 0 | 0 | (3) | 0 | 0 | (12) | (6) | +72.9% | ||||||
| Free cash flow | 3 | 1 | (4) | 0 | (7) | (11) | (5) | (5) | (4) | (10) | n/m | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | 49 | 33 | 24 | 26 | 24 | 17 | 3 | 13 | 3 | 6 | (20.5%) | |||||
| Net debt | (23) | (24) | (20) | (20) | (15) | (12) | (1) | 0 | 0 | 1 | n/m | ||||||
| Shareholders’ equity | 83 | 74 | 54 | 54 | 55 | 31 | 12 | 15 | 21 | 24 | (12.8%) | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | (26.13) | (17.19) | (25.22) | (0.17) | (9.17) | (74.01) | (270.44) | 15.95 | 11.91 | (30.28) | (4.2) pt | |||||
| ROIC | (16.12) | (24.35) | (42.36) | 0.73 | (11.46) | (23.99) | (293.22) | 12.92 | 11.21 | (26.92) | (10.8) pt | ||||||
| ROE | (12.92) | (18.82) | (28.00) | (0.19) | (10.40) | (93.57) | (466.94) | 38.63 | 27.71 | (71.01) | (58.1) pt | ||||||
| People | |||||||||||||||||
| People | Employees | 326 | 192 | 370 | 195 | 244 | 415 | 55 | 57 | 132 | 127 | (9.9%) | |||||
| Revenue/emp, $m | 0.13 | 0.12 | 0.05 | 0.08 | 0.04 | 0.13 | 1.45 | 0.56 | 0.38 | 0.65 | +20.0% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2020 · fundamentals updated 26 Oct 2026
Aquaron Acquisition Corp. vs peers in Apparel Manufacturing (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OXM Oxford Industries, Inc. | $455.0M | — (loss-making) | 14.6× | −2.17% (below 0%: shrinking) | +192.86% (above 0%: growing) | +54.13% (above 0%: growing) | 73.82% | 17.45% | Compare |
| SGC Superior Group of Companies, Inc. | $212.2M | 23.4× | 21.4× | +2.63% (above 0%: growing) | −20.00% (below 0%: shrinking) | +110.90% (above 0%: growing) | 37.96% | 1.48% | Compare |
| VNCE Vince Holding Corp. | $163.4M | 21.5× | 8.9× | +11.67% (above 0%: growing) | −11.83% (below 0%: shrinking) | +729.87% (above 0%: growing) | 60.93% | 16.57% | Compare |
| PLBY PLBY Group, Inc. | $148.6M | 63.9× | — (loss-making) | +8.53% (above 0%: growing) | +293.33% (above 0%: growing) | −90.36% (below 0%: shrinking) | 77.23% | 12.72% | Compare |
| JXG Aquaron Acquisition Corp. | $111.9M | — (loss-making) | — | +69.42% (above 0%: growing) | n/m | −181,420.00% (below 0%: shrinking) | 15.04% | 0.00% | |
| LAKE Lakeland Industries, Inc. | $88.8M | — (loss-making) | — (loss-making) | −4.49% (below 0%: shrinking) | n/m | +92.21% (above 0%: growing) | 36.98% | (6.67%) | Compare |
| JRSH Jerash Holdings (US), Inc. | $74.6M | 15.4× | 14.7× | +26.75% (above 0%: growing) | +333.33% (above 0%: growing) | +133.83% (above 0%: growing) | 16.45% | 5.24% | Compare |
| JL J-Long Group Limited | $14.3M | — | — | — | — | — | — | — | Compare |
| PMNT Perfect Moment Ltd. | $11.2M | — (loss-making) | — (loss-making) | −21.88% (below 0%: shrinking) | n/m | +14.90% (above 0%: growing) | 54.52% | (283.48%) | Compare |
| Median of peers | $118.7M | 22.4× | 14.6× | +2.63% | +192.86% | +92.21% | 54.52% | 5.24% |