Fitness Champs Holdings Limited (FCHL) AI Stock Analysis

• Market Cap: $3.78M
• Dividend Yield: N/A
• Average Volume (3M): 3.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 5.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Education & Training Services
• EPS (TTM): N/A
• Shares Outstanding: 17,000,000
• 10 Day Avg. Volume: 506,839
• 30 Day Avg. Volume: 3,064,553
• PEG Ratio: -6.78
• Price to Book (P/B): 6.58K
• Price to Sales (P/S): 23.40
• P/FCF Ratio: -9.87K
• Enterprise Value/Market Cap: 1.62
• Enterprise Value/Revenue: 1.94
• Enterprise Value/Gross Profit: 5.69
• Enterprise Value/Ebitda: 28.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: $0.25 ▼(-0.40% Downside)

The score is primarily pressured by weak financial performance quality (margin deterioration, weakened cash generation, and a sharply higher leverage profile with very thin equity). Technicals add further caution with negative momentum and a broader downtrend. Valuation offers limited support due to a negative P/E and no dividend yield.

Positive Factors

Multi-year revenue expansion

Sustained top-line expansion indicates persistent demand and product-market fit in core swim education services. Over 2-6 months this supports the firm's ability to scale fixed-cost programs, absorb incremental marketing or capacity investments, and provides a base for margin recovery if cost control improves.

Leading local market position

A clear market position in Singapore’s swim education niche implies structural advantages: established relationships with facility partners, recognized program branding, and recurring enrollment streams from families and institutions. These durable attributes help sustain revenue and competitive moat regionally.

Governance and capital flexibility

Approval of a multi-class share structure and consolidation authority gives management and the controlling shareholder greater governance and capital action flexibility. This structural toolset can facilitate future compliance fixes, recapitalizations, or strategic funding to stabilize operations long term.

Negative Factors

Extremely thin equity and high leverage

An outsized debt-to-equity ratio (~108x) dramatically reduces financial flexibility and elevates insolvency risk if operating results slip. Over months this constrains investment, increases refinancing risk and interest burden, and leaves little equity buffer to absorb adverse revenue or cost shocks.

Weakened cash generation

Sharp deterioration in operating cash flow and slightly negative FCF indicate poor cash conversion and rising reliance on external liquidity. This reduces the firm's ability to self-fund working capital or reinvest in programs, increasing likelihood of needing dilutive or costly financing within months.

Material margin deterioration

Steep margin compression signals structural profitability issues—either rising costs or weaker pricing/enrollment mix. Persistently lower margins undermine sustainable earnings, limit internal cash generation for growth, and heighten sensitivity to demand fluctuations over the medium term.

Fitness Champs Holdings Limited Business Overview & Revenue Model

Company Description

Fitness Champs Holdings Limited, through its subsidiaries, provides sports education for private sector and public schools in Singapore. It operates through two segments: Swim Fees and Sales of Merchandise. The company offers general swimming lessons to children, youths, and adults, as well as ladies-only swimming lessons under the Fitness Champs brand name; and aquatic sports classes, such as water polo and lifesaving. It also provides merchandise and apparel, such as swimming goggles, swim caps, and swimsuits, as well as flotation devices. The company was founded in 2012 and is based in Singapore. Fitness Champs Holdings Limited operates as a subsidiary of Big Treasure Investments Limited.

How the Company Makes Money

Fitness Champs Holdings Limited Financial Statement Overview

Summary

Despite strong multi-year top-line expansion, 2024 showed a material quality decline: sharp margin compression, significantly weaker operating/free cash flow (FCF slightly negative), and a major leverage spike with an extremely thin equity cushion—elevating overall financial risk.

Income Statement

Revenue expanded sharply in 2024 (+155% YoY), but profitability deteriorated materially: net margin fell to ~4.1% from ~24.0% in 2023, and operating profitability compressed heavily (EBITDA margin ~6.6% vs ~27.7% in 2023). Revenue also declined modestly in 2024 versus 2023, highlighting a volatile trajectory where recent growth did not translate into stable earnings power.

Balance Sheet

Leverage increased dramatically in 2024, with debt rising to 1.626M while equity fell to just 0.015M, pushing debt-to-equity to ~108x (vs ~4.5x in 2023 and ~1.0x in 2022). This thin equity cushion meaningfully increases financial risk and reduces flexibility if operating results soften.

Cash Flow

Cash generation weakened sharply in 2024: operating cash flow dropped to 0.082M from 1.296M in 2023, and free cash flow turned slightly negative (-0.010M). Free cash flow also did not support earnings (free cash flow was negative versus positive net income), signaling weaker cash conversion and higher reliance on external funding or balance sheet capacity.

Breakdown	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	4.22M	4.65M	2.76M
Gross Profit	1.52M	1.99M	1.19M
EBITDA	280.00K	1.29M	833.00K
Net Income	172.00K	1.12M	663.00K
Balance Sheet
Total Assets	2.36M	1.62M	1.09M
Cash, Cash Equivalents and Short-Term Investments	314.00K	815.00K	504.00K
Total Debt	1.63M	645.00K	258.00K
Total Liabilities	2.35M	1.48M	832.00K
Stockholders Equity	15.00K	143.00K	261.00K
Cash Flow
Free Cash Flow	-10.00K	685.00K	1.22M
Operating Cash Flow	82.00K	1.30M	1.24M
Investing Cash Flow	-86.00K	-608.00K	396.00K
Financing Cash Flow	-497.00K	-377.00K	-1.38M

Fitness Champs Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EDU	78 Outperform	$10.65B	26.75	10.05%	1.03%	7.22%	-2.84%
STRA	77 Outperform	$1.91B	16.68	6.76%	2.99%	3.74%	-8.40%
UDMY	68 Neutral	$696.23M	-179.85	-1.78%	―	2.53%	95.79%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
COUR	61 Neutral	$1.02B	―	-7.43%	―	8.10%	43.35%
DAO	55 Neutral	$1.18B	59.89	―	―	-1.51%	155.73%
FCHL	40 Underperform	$3.78M	-17.08	―	―	―	―

Fitness Champs Holdings Limited Corporate Events

Fitness Champs Shareholders Approve Multi-Class Structure and Share Consolidation Authority

At an extraordinary general meeting held on January 23, 2026, Fitness Champs Holdings Limited’s shareholders approved a restructuring of the company’s share capital into a multi-class structure comprising Class A ordinary shares with one vote per share, Class B ordinary shares with 50 votes per share, and preferred shares, and re-designated the existing 17 million ordinary shares into 8.29 million Class A shares held by public investors and 8.71 million Class B shares held by controlling shareholder Big Treasure Investments Limited. Shareholders also adopted updated constitutional documents to reflect the new multi-class structure and overwhelmingly authorized a share consolidation at a ratio between 1-for-2 and 1-for-50 to be implemented at the board’s discretion within 180 days, as well as granting directors broad authority to execute these actions, moves that strengthen the company’s governance flexibility and voting control for its major shareholder while potentially paving the way for future capital market or compliance-driven adjustments.

The most recent analyst rating on (FCHL) stock is a Sell with a $0.22 price target. To see the full list of analyst forecasts on Fitness Champs Holdings Limited stock, see the FCHL Stock Forecast page.

Fitness Champs Holdings Sets January 23, 2026 Extraordinary General Meeting

Fitness Champs Holdings Limited, a leading Singapore provider of swimming and aquatic sports education, announced on December 31, 2025 that it will convene an Extraordinary General Meeting of shareholders on January 23, 2026 in Singapore, with the record date for voting entitlement set at the close of business on December 30, 2025. The meeting will ask shareholders to consider and vote on a set of resolutions detailed in documents posted on the company’s investor relations website and filed with the U.S. Securities and Exchange Commission, underscoring ongoing governance and corporate decision-making processes that may shape the firm’s future strategic and capital plans.

Fitness Champs Swings to First-Half 2025 Loss as Swim Fee Revenue Slips

On December 29, 2025, Fitness Champs Holdings Limited reported unaudited interim financial results for the six months ended June 30, 2025, showing that revenue edged down 2.9% year-on-year to about S$2.16 million, mainly due to slightly lower enrollment that reduced swim fee income from both government and private sector clients. Despite the modest top-line slippage, cost of revenues rose 6.1% to roughly S$1.54 million and operating expenses increased sharply, resulting in a swing from a net profit of S$183,000 in the first half of 2024 to a net loss of S$248,000 in the same period of 2025, signaling margin pressure and a weaker earnings profile that stakeholders will be watching as the company navigates demand and cost dynamics in its core swim programs.

Fitness Champs Holdings Receives Nasdaq Bid Price Deficiency Notice

On November 6, 2025, Fitness Champs Holdings Limited received a notification from Nasdaq indicating that the company no longer meets the minimum bid price requirement of $1 per share, based on its closing bid price from September 24 to November 5, 2025. The company has until May 5, 2026, to regain compliance, with a possible extension if certain conditions are met. The company is exploring options to address this issue, but there is no assurance of compliance. The notification does not immediately affect the trading of the company’s shares.