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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.

7.44 0.19 +2.62%
Market cap
$87.4M
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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 87.44
Revenue 147.70
Net Income 5.22
Free Cash Flow 8.20
Net Debt 1.28
Current Ratio 2.09 (at or above 1.5: strong)
Debt/Equity 0.06 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E —
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth (55.00%) (below 0%: weak)
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.0×, against a ten-year median of −0.2×; over the ten years it ranged from −1.0× in 2018 to 0.0× in 2025.
P/S against its own 10 years 8.45%
10-year low 10-year high
P/B against its own 10 years 6.07%
10-year low 10-year high
EV/FCF against its own 10 years 9.75%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 315.00 211.50 378.00 277.50 142.50 288.00 91.50 16.35 11.25 3.01

Analyst estimates 2026–2028

Powerpack
High 5,265.00 2,700.00 1,755.00 739.50 667.50 874.50 1,074.00 186.00 127.65 73.80
People
People Employees 326 192 370 195 244 415 55 57 132 127
Revenue/emp, $m 0.13 0.12 0.05 0.08 0.04 0.13 1.45 0.56 0.38 0.65
Income, $m
Income, $m Revenue 41 24 19 16 11 54 80 32 50 83
Gross margin, % 5.24 (48.45) (12.50) 34.93 22.97 1.57 1.83 17.14 16.76 12.58
EBT (16) (19) (23) 0 (7) (7) (55) 3 4 (11)
EBT margin, % (37.93) (81.70) (126.20) 2.05 (66.42) (13.60) (69.34) 9.56 7.66 (13.19)
Net income (12) (15) (18) 0 (6) (37) (73) 3 3 (11)
Depreciation 2 2 2 1 1 1 1 0 3 5
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
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)
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)
Capex (13.79) (305.45) (5.08) 64.29 (1.89) (442.60) (0.04) 0.00 (106.02) (8.90)
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)
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
Shares, m 0 0 0 0 0 0 0 0 0 1
Valuation, ×
Valuation, × P/E 14.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 0.00 0.08 0.09 0.06 0.11 0.02 0.00 0.00 0.00 0.00
P/B 0.02 0.02 0.03 0.02 0.04 0.06 0.08 0.01 0.01 0.00
EV/Sales 0.00 (0.95) (0.99) (0.95) (0.75) (0.16) 0.01 0.01 0.00 0.01
EV/FCF 0.00 (23.23) 2.03 2.43 1.61 0.85 (0.09) (0.06) (0.03) 0.16
Cash, $m
Cash, $m Operating cash flow 3 2 (4) (1) (7) (8) (5) (5) 8 (4)
Capex 0 (1) 0 0 0 (3) 0 0 (12) (6)
Free cash flow 3 1 (4) 0 (7) (11) (5) (5) (4) (10)
Balance, $m
Balance, $m Working capital 49 33 24 26 24 17 3 13 3 6
Total debt 2 2 1 1 1 1 — — 2 2
Net debt (23) (24) (20) (20) (15) (12) (1) 0 0 1
Shareholders’ equity 83 74 54 54 55 31 12 15 21 24
Returns, %
Returns, % ROA (26.13) (17.19) (25.22) (0.17) (9.17) (74.01) (270.44) 15.95 11.91 (30.28)
ROIC (16.12) (24.35) (42.36) 0.73 (11.46) (23.99) (293.22) 12.92 11.21 (26.92)
ROE (12.92) (18.82) (28.00) (0.19) (10.40) (93.57) (466.94) 38.63 27.71 (71.01)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2020

Charts ten years each

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. $417.6M — (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. $214.0M 23.6× 21.1× +2.63% (above 0%: growing) −20.00% (below 0%: shrinking) +110.90% (above 0%: growing) 37.96% 1.48% Compare
VNCE Vince Holding Corp. $172.6M 21.8× 23.1× +11.67% (above 0%: growing) −11.83% (below 0%: shrinking) +729.87% (above 0%: growing) 60.93% 16.57% Compare
LAKE Lakeland Industries, Inc. $93.2M — (loss-making) — (loss-making) −4.49% (below 0%: shrinking) n/m +92.21% (above 0%: growing) 36.98% (6.67%) Compare
JXG Aquaron Acquisition Corp. $87.4M — (loss-making) — +69.42% (above 0%: growing) n/m −181,420.00% (below 0%: shrinking) 15.04% 0.00%
JRSH Jerash Holdings (US), Inc. $78.2M 16.2× 11.0× +26.75% (above 0%: growing) +333.33% (above 0%: growing) +133.83% (above 0%: growing) 16.45% 5.24% Compare
PLCE The Children's Place, Inc. $25.4M — (loss-making) — (loss-making) −18.86% (below 0%: shrinking) n/m +149.53% (above 0%: growing) 34.44% (5.39%) Compare
JL J-Long Group Limited $16.3M — — — — — — — 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 $85.7M 21.8× 17.9× −2.17% +90.52% +110.90% 37.96% 1.48%

All 23 Apparel Manufacturing stocks →

Aquaron Acquisition Corp. (JXG) key facts

  • Strength: Aquaron Acquisition Corp.’s revenue for fiscal 2025 (year ended December 2025) was $82.9 million, up 66.4% from fiscal 2024.
  • Aquaron Acquisition Corp. (JXG) is an Apparel Manufacturing company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, JXG traded at $7.44, a market capitalization of $87.4 million.
  • Return on equity was −71.0% and debt-to-equity 0.06.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −1.30 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Aquaron Acquisition Corp. (JXG) Latest News

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stockrow.com/JXG · Data as of Jun 30, 2020 · For information only; not investment advice. · © 2026 stockrow.com