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%
Market cap
$111.9M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
4/9
Altman Z
−1.30
Beneish M
−2.72
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 111.92
Revenue ttm 147.70
Net income ttm 5.22
Free cash flow ttm 8.20
Net debt Q 1.28
Valuation
P/E 0.00
Forward P/E —
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 2.09 (at or above 1.5: strong)
Debt / equity Q 0.06 (at or below 0.5: strong)
Interest coverage Q (140.73)
Growth
Revenue growth Q +69.42% (above 0%: growing)
Operating income growth Q −168.05% (below 0%: shrinking)
EPS, this year −55.00% (below 0%: weak)
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 11.32%
10-year low 10-year high
P/B against its own 10 years 8.32%
10-year low 10-year high
EV/Sales against its own 10 years 70.22%
10-year low 10-year high
EV/FCF against its own 10 years 20.19%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2022 2023 2024 2025
Cash 1 0 1 1
Receivables 6 19 10 24
Inventory 0 — — 56
Other — — — —
6 19 12 25
2022 2023 2024 2025
Payables 1 2 3 7
ST’ Debt — — 2 2
Other 3 1 — 0
4 7 9 19

Compound Annual Growth %

10y 5y 3y
Sales 3.06% 50.13% 1.26%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (13.21%) (14.83%) 25.62%

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (17.71)
’24 — — — — 12.89
’23 — — — — 28.79
’22 — — — — (2.62k)
’21 — — — — (4.94k)
’20 — (263.87) — — (1.25k)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 83
’24 — — — — 50
’23 — — — — 32
’22 — — — — 80
’21 — — — — 54
’20 — 2 — — 11
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — (2) — — (4)
’24 — 10 — — 8
’23 — — — — (5)
’22 — — — — (5)
’21 — — — — (8)
’20 — — — — (7)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — (2) — — (10)
’24 — 10 — — (4)
’23 — (4) — — (5)
’22 — 0 — (2) (5)
’21 — 0 — (4) (11)
’20 — 0 — — (7)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%

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Aquaron Acquisition Corp. (JXG) Latest News

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stockrow.com/JXG · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com