World Chess PLC (CHSS) AI Stock Analysis

• Market Cap: £4.22M
• Dividend Yield: N/A
• Average Volume (3M): 1.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.91
• Revenue Growth: -3.87%
• EPS Growth: 9.43%
• Country: UK
• Employees: 30
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 887,938,500
• 10 Day Avg. Volume: 4,090,809
• 30 Day Avg. Volume: 1,585,716
• PEG Ratio: 0.49
• Price to Book (P/B): 32.84
• Price to Sales (P/S): 12.83
• P/FCF Ratio: -3.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.3
• Revenue Forecast (FY): £361.82M

• Rating: 41 Neutral
• Price Target: 0.41p ▼(-26.18% Downside)
• Action: Upgraded Date: 01/28/26
• Date: Action: Upgraded 01/28/26

The score is primarily driven by weak financial performance (declining revenue, ongoing losses, high leverage, and negative free cash flow). Technical indicators also point to a sustained downtrend despite oversold readings, while valuation offers limited support due to a negative (loss-driven) P/E and no dividend yield data.

Positive Factors

Diversified revenue streams

Multiple distinct revenue lines (events, subscriptions, advertising, merchandise, institutional partnerships) reduce concentration risk and provide cross‑subsidy potential. Over months this diversification supports steadier cash receipts and options to reallocate investment toward higher‑margin channels.

Digital platform exposure

A digital-first product set creates scalable economics and recurring revenue potential (subscriptions, ads, digital content). Structural growth in online chess usage gives a durable addressable market and opportunities for network effects and lower marginal costs as user base scales over the medium term.

Strategic partnerships and visibility

Established relationships with federations and media can lock in event rights, sponsorships and distribution, lowering customer acquisition costs and strengthening brand. These durable commercial ties support recurring event revenue and expanded audience monetization over coming quarters.

Negative Factors

Declining revenue trend

Negative revenue growth indicates the company is losing sales momentum or failing to monetize users effectively. Over a 2–6 month horizon, continued top‑line erosion undermines scale economics, reduces room for margin improvement and limits reinvestment into product and marketing to reverse the trend.

Persistent losses and weak margins

Ongoing operating and net losses erode equity and constrain the firm's ability to self‑fund tournament production and platform development. Sustained unprofitability raises the likelihood of cost cuts or financing needs, which can impair long‑term product investment and competitive positioning.

Negative free cash flow and high leverage

Negative free cash flow combined with significant debt dependence limits liquidity and financial flexibility. In the medium term this increases refinancing and covenant risk, hampers the ability to fund events or platform upgrades, and may force asset sales or dilutive financing to bridge cash shortfalls.

World Chess PLC Business Overview & Revenue Model

Company Description

World Chess PLC, through its subsidiaries, engages in the commercial offering of chess related activities worldwide. It organizes tournaments; operates the official online gaming platform of the International Chess Federation and other sports; engages in lifestyle and social activities; and provides merchandises related to chess. The company was founded in 2012 and is based in London, the United Kingdom.

How the Company Makes Money

World Chess PLC generates revenue through multiple streams, including the organization of high-profile chess tournaments, which attract sponsorships, entry fees, and ticket sales. Additionally, the company earns income from its online chess platform through subscription fees for premium features, advertising revenue, and partnerships with educational institutions for chess programs. Merchandise sales, including chess sets, books, and accessories, further contribute to revenue. The company has also established partnerships with international chess federations and media companies, enhancing its visibility and revenue potential in the growing online chess market.

World Chess PLC Financial Statement Overview

Summary

Weak financial profile: declining revenues, persistent net losses (negative EBIT and net margins), high leverage with decreasing equity, and ongoing negative free cash flow indicating liquidity and cash-conversion challenges.

Income Statement

World Chess PLC has faced declining revenues over recent years, with a negative revenue growth rate from 2022 to 2023. The company has struggled with profitability, as indicated by negative EBIT and net income margins in the latest periods. The gross profit margin remains low, highlighting challenges in cost management or revenue generation.

Balance Sheet

The company's balance sheet shows a high level of leverage, with a debt-to-equity ratio indicating significant reliance on debt financing. Stockholders' equity has decreased, impacting the equity ratio negatively. Return on equity is negative due to persistent net losses, which poses a risk to financial stability.

Cash Flow

The company has experienced negative free cash flow over recent years, reflecting challenges in generating cash from operations after capital expenditures. The operating cash flow to net income ratio is unfavorable, indicating inefficiencies in converting net income into cash flow. Free cash flow has also been negative, suggesting liquidity constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.05M	2.43M	2.35M	2.80M	3.22M	2.52M
Gross Profit	-108.37K	889.62K	179.10K	705.45K	1.90M	1.55M
EBITDA	-2.70M	-2.79M	-3.64M	-1.82M	6.60M	-2.96M
Net Income	-4.45M	-3.80M	-4.69M	-2.46M	5.46M	-3.16M
Balance Sheet
Total Assets	4.16M	6.46M	6.02M	5.93M	7.65M	4.40M
Cash, Cash Equivalents and Short-Term Investments	53.85K	267.40K	186.88K	35.56K	1.52M	521.33K
Total Debt	223.02K	2.71M	1.45M	2.49M	1.43M	2.15M
Total Liabilities	2.97M	5.51M	5.01M	4.76M	5.00M	7.90M
Stockholders Equity	1.19M	950.77K	2.52M	1.16M	2.64M	-3.51M
Cash Flow
Free Cash Flow	-293.00K	-8.87M	-7.21M	-2.26M	1.77M	-562.40K
Operating Cash Flow	-265.37K	-2.36M	-3.26M	-828.94K	3.71M	-172.58K
Investing Cash Flow	-949.25K	-1.01M	-1.45M	-44.25K	-1.94M	-181.82K
Financing Cash Flow	1.11M	3.43M	4.87M	775.85K	-1.96M	1.84K

World Chess PLC Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHSS, the sentiment is Neutral. The current price of 0.55 is above the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.63, and below the 200-day MA of 1.42, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CHSS.

World Chess PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACSO	70 Outperform	£99.52M	13.74	5.30%	―	-3.95%	16.87%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ZOO	50 Neutral	£14.01M	-2.68	-32.23%	―	-7.72%	54.13%
EXR	43 Neutral	£1.40M	-0.44	-75.42%	―	-38.77%	-1.67%
CHSS	41 Neutral	£4.22M	-0.99	-389.90%	―	-3.87%	9.43%
COIN	41 Neutral	£14.26M	-4.09	-19.77%	―	―	―
SATS	41 Neutral	£24.20M	-1.20	-438.39%	―	―	―

World Chess PLC Corporate Events

World Chess Confirms Total Voting Rights at Nearly 888 Million Shares

World Chess PLC has confirmed that as of 30 January 2026 its issued share capital comprises 887,938,480 ordinary shares of £0.0001 each, all carrying one vote, with no shares held in treasury, resulting in a total of 887,938,480 voting rights. This updated share and voting rights figure serves as the reference denominator for investors and significant shareholders when assessing and disclosing changes to their holdings under UK Financial Conduct Authority transparency rules, providing clarity on the company’s capital structure and supporting regulatory compliance and market transparency for stakeholders.

The most recent analyst rating on (GB:CHSS) stock is a Sell with a £0.46 price target. To see the full list of analyst forecasts on World Chess PLC stock, see the GB:CHSS Stock Forecast page.

World Chess clinches BILD deal to expand TV reach in Germany

World Chess plc has struck a media partnership with BILD, Germany’s largest media brand, to broadcast The World Chess Show across BILD’s digital platforms and FAST channels, including BILD.de, SPORTBILD.de, Best of BILD and SPORT BILD. The deal extends the show’s reach to millions of German-speaking viewers and contributes to its distribution in more than 156 markets worldwide, significantly boosting exposure for chess content in Europe’s largest economy and reinforcing World Chess’s position as a leading provider of televised chess. The expanded footprint is central to the company’s strategy of using mainstream sports broadcasting to funnel new users to its worldchess.com platform, creating a media-driven growth engine that deepens engagement with chess and strengthens World Chess’s brand and commercial prospects in a strategically important market like Germany.

The most recent analyst rating on (GB:CHSS) stock is a Hold with a £0.92 price target. To see the full list of analyst forecasts on World Chess PLC stock, see the GB:CHSS Stock Forecast page.

World Chess CEO Ilya Merenzon Disposes of 3 Million Shares

World Chess Plc has disclosed that its CEO and person discharging managerial responsibilities, Ilya Merenzon, has sold 3,000,000 ordinary shares in the company at a price of £0.0098 per share on 19 January 2026, for total proceeds of £29,400 on the London Stock Exchange. The director share disposal, while relatively modest in value, will be closely watched by investors as an indicator of insider sentiment and may prompt scrutiny of executive shareholding levels and corporate governance among stakeholders.

The most recent analyst rating on (GB:CHSS) stock is a Hold with a £0.92 price target. To see the full list of analyst forecasts on World Chess PLC stock, see the GB:CHSS Stock Forecast page.

World Chess Raises €100,000 to Support Portuguese Expansion and Issues New Shares

World Chess PLC has raised €100,000 through a subscription of 8,333,333 new ordinary shares at €0.012 per share, backed by a high-profile Portuguese entrepreneur with experience across distribution, logistics, technology and media. The capital injection will support the company’s expansion plans in Portugal, a market the company highlights for its deep historical ties to chess, while the new shares will be admitted to trading on the London Stock Exchange’s Main Market, increasing the total number of voting shares to 887,938,480 and slightly diluting existing shareholders as the firm continues to build out its international chess platform and media footprint.

The most recent analyst rating on (GB:CHSS) stock is a Hold with a £0.73 price target. To see the full list of analyst forecasts on World Chess PLC stock, see the GB:CHSS Stock Forecast page.

World Chess PLC CEO Disposes 14 Million Shares

World Chess PLC announced the disposal of 14 million ordinary shares by its CEO, Ilya Merenzon, on November 7, 2025, at the London Stock Exchange. The transaction, valued at £192,500, reflects a significant movement in the company’s stock holdings, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (GB:CHSS) stock is a Sell with a £1.50 price target. To see the full list of analyst forecasts on World Chess PLC stock, see the GB:CHSS Stock Forecast page.

World Chess PLC Unveils New Episode of The World Chess Show

World Chess PLC has announced the latest episode of its television series, The World Chess Show, titled ‘The Price Of The Game,’ which explores the transformation of chess from a niche hobby to a global industry. The episode, airing across 156 markets, features interviews with key figures who have contributed to the game’s growth, highlighting the strategic efforts to make chess more watchable and participatory. This initiative is part of World Chess’s broader strategy to expand its audience and consolidate its products under a single domain, worldchess.com, enhancing its market presence and engagement with fans.

The most recent analyst rating on (GB:CHSS) stock is a Sell with a £1.50 price target. To see the full list of analyst forecasts on World Chess PLC stock, see the GB:CHSS Stock Forecast page.