World Chess PLC (CHSS) AI Stock Analysis

• Market Cap: £6.16M
• Dividend Yield: N/A
• Average Volume (3M): 1.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.90
• 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: 879,605,160
• 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: 44 Neutral
• Price Target: 0.63p ▲(14.73% Upside)

World Chess PLC's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, net losses, and high leverage. Technical analysis indicates bearish momentum, while valuation metrics highlight unprofitability. Despite some positive corporate events, these do not sufficiently offset the financial and technical weaknesses.

Positive Factors

Diversified Revenue Streams

Multiple durable revenue channels — events, digital subscriptions, advertising, partnerships and merchandise — reduce reliance on any single line. Over the next 2–6 months this diversification can stabilize cash inflows vs event seasonality and support reinvestment in platform features.

Strategic Partnerships & Media Reach

Established partnerships with federations and media create structural advantages in distribution, sponsorship access, and content licensing. These relationships support recurring event sponsorships and audience growth, improving long-term monetization prospects and brand credibility.

Lean Operating Structure

A small employee base implies lower fixed operating overhead and the ability to scale digital products without large incremental staffing costs. This structural lean footprint can enable higher operating leverage as digital subscriptions and content scale over the coming months.

Negative Factors

Declining Revenues and Negative Margins

Sustained revenue decline and persistent negative margins undermine the company's ability to self-fund growth and erode stakeholder confidence. Over 2–6 months, continued top-line weakness will constrain reinvestment in product development and marketing needed to expand market share.

High Financial Leverage

Significant reliance on debt increases fixed obligations and reduces financial flexibility. In a 2–6 month horizon, high leverage limits ability to absorb shocks, raise capital on favorable terms, or fund strategic initiatives without diluting equity or increasing refinancing risk.

Negative Free Cash Flow & Weak Cash Conversion

Persistent negative free cash flow and poor cash conversion constrain investment capacity and force reliance on external financing. Structurally, this impairs the company's ability to fund events, platform development, and marketing, making long-term growth and stability more vulnerable.

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

World Chess PLC faces significant financial challenges with declining revenues, persistent net losses, and high leverage. The income statement reflects difficulties in achieving profitability, while the balance sheet highlights a heavy reliance on debt. Cash flow issues further exacerbate these challenges, pointing to liquidity constraints and operational inefficiencies.

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: Negative
• 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 Negative. The current price of 0.55 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.84, and below the 200-day MA of 1.97, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 44.19 is Neutral, neither overbought nor oversold. The STOCH value of 55.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CHSS.

World Chess PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AOM	68 Neutral	£171.40M	-857.14	-2.20%	―	31.86%	-115.22%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TRST	54 Neutral	£734.56M	932.00	2.53%	―	18.75%	-93.75%
ATG	52 Neutral	£397.17M	-3.73	-23.77%	―	5.83%	-663.14%
CHSS	44 Neutral	£6.16M	-1.46	-389.90%	―	-3.87%	9.43%
EXR	43 Neutral	£1.84M	-0.57	-75.42%	―	-38.77%	-1.67%

World Chess PLC Corporate Events

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.

World Chess PLC Announces New Share Subscription Agreement

World Chess PLC has announced an agreement with an existing shareholder for the subscription of 14,285,714 new ordinary shares at €0.014 per share, totaling €200,000. This move indicates a reaffirmed confidence in the company by its shareholders and is expected to enhance its market presence as the shares will be traded on the London Stock Exchange.

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 Expands Blockchain Partnership with Algorand

World Chess PLC has announced a two-year partnership with Algorand Foundation Ltd, renewing and expanding their collaboration to integrate blockchain technology into World Chess products. This partnership will see Algorand staking part of its ALGO treasury to generate rewards for World Chess, amounting to approximately USD 700,000 annually. The collaboration aims to enhance World Chess’s offerings with blockchain-based features such as The Tower loyalty program and the Global Chess Passport, strengthening both World Chess’s product ecosystem and the Algorand network.

The most recent analyst rating on (GB:CHSS) stock is a Hold 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.