Charlton Aria Acquisition Corporation Class A Ordinary Shares (CHAR)

FairStock Score: 31/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I first ask whether this is a business. Charlton Aria is a 2024-formed shell with no significant operations and no revenue in the filed periods I have. That means there is no product, customer, pricing power, or moat to analyze. The reported profits—$3.0M in FY2025, $699,872 in fiscal Q1 2026, and $567,766 in fiscal Q2 2026—appear to come from the SPAC structure rather than an operating enterprise. Free cash flow is negative at -$426,995, and profit growth is down 27.02% per FairStock. The balance-sheet ratios are odd for a shell: Altman Z-Score 22.39 looks strong, but that mainly reflects a simple trust-heavy structure, not earning power. Piotroski F-Score 1/9 confirms weak fundamental signals. At the 2026-10-13 close of $10.99, the market cap is $116.6M, P/E is 43.96, ROE is 7.08%, and ROCE is -0.43%. Graham's number is $6.84, implying a margin of safety of -60.67%, so price is well above that conservative value estimate. The 52-week range is $10.36-$11.48, so the shares trade near the middle of a narrow band. FairStock's Lynch category is none because only one year of results is filed, not the three needed. Growth cannot be judged meaningfully without revenue or multiple years. This is not an operating business with a moat; it is a capital pool awaiting a merger. The investment case rests almost entirely on deal terms and management's ability to find a worthwhile partner, not on present earnings.

In plain English: Charlton Aria Acquisition Corporation is a shell company, meaning it has no real business of its own and is looking to combine with another company. Its recent filings show no revenue, though it reported small net income in fiscal 2025 and the first half of 2026. At $10.99, the shares look expensive compared with the company's reported profit and financial measures, and there is no operating track record to judge.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer