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World Chess PLC (GB:CHSS)
LSE:CHSS
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World Chess PLC (CHSS) AI Stock Analysis

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GB:CHSS

World Chess PLC

(LSE:CHSS)

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Neutral 43 (OpenAI - 4o)
Rating:43Neutral
Price Target:
1.50p
▲(11.11% 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 provides a slightly more positive outlook with some bullish momentum, but the stock remains below key moving averages. Valuation is weak due to a negative P/E ratio and lack of dividend yield, further weighing down the score.

World Chess PLC (CHSS) vs. iShares MSCI United Kingdom ETF (EWC)

World Chess PLC Business Overview & Revenue Model

Company DescriptionWorld 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 MoneyWorld Chess PLC generates revenue through several key streams. The primary source of income comes from subscription fees for its online chess platform, which offers premium content, lessons, and access to exclusive tournaments. The company also earns money through advertising partnerships and sponsorships associated with its chess events, which attract a global audience. Furthermore, World Chess PLC monetizes its unique content through licensing agreements with third-party platforms and media outlets. Live event ticket sales and merchandise related to chess competitions also contribute to the company's earnings, while collaborations with educational institutions and chess federations enhance its revenue potential.

World Chess PLC Financial Statement Overview

Summary
World Chess PLC faces significant financial challenges with declining revenues, persistent net losses, high leverage, and negative cash flow. The income statement reflects difficulties in achieving profitability, while the balance sheet shows a heavy reliance on debt. Cash flow issues exacerbate these challenges, pointing to liquidity constraints and operational inefficiencies.
Income Statement
45
Neutral
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
40
Negative
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
30
Negative
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.43M2.35M2.80M3.22M2.52M
Gross Profit889.62K179.10K705.45K1.90M1.55M
EBITDA-2.79M-3.64M-1.82M6.60M239.08K
Net Income-3.80M-4.69M-2.46M5.46M-3.16M
Balance Sheet
Total Assets6.46M6.02M5.93M7.65M4.40M
Cash, Cash Equivalents and Short-Term Investments267.40K186.88K35.56K1.52M521.33K
Total Debt2.71M1.45M2.49M1.43M2.15M
Total Liabilities5.51M5.01M4.76M5.00M7.90M
Stockholders Equity950.77K1.01M1.16M2.64M-3.51M
Cash Flow
Free Cash Flow-8.87M-7.21M-2.26M1.77M-562.40K
Operating Cash Flow-2.36M-3.26M-828.94K1.48M-172.58K
Investing Cash Flow-1.01M-1.45M-44.25K-1.94M-181.82K
Financing Cash Flow3.43M4.87M775.85K285.47K1.84K

World Chess PLC Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.35
Price Trends
50DMA
1.42
Positive
100DMA
2.15
Negative
200DMA
3.13
Negative
Market Momentum
MACD
-0.03
Positive
RSI
54.39
Neutral
STOCH
33.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHSS, the sentiment is Positive. The current price of 1.35 is below the 20-day moving average (MA) of 1.53, below the 50-day MA of 1.42, and below the 200-day MA of 3.13, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 54.39 is Neutral, neither overbought nor oversold. The STOCH value of 33.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CHSS.

World Chess PLC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
126.70M114.5211.18%13.76%31.36%
67
Neutral
396.09M20.441.69%88.69%
61
Neutral
905.84M1,097.0015.06%18.75%-93.75%
49
Neutral
5.51M-1.56-84.26%-10.23%13.51%
43
Neutral
£11.87M-389.90%0.98%25.40%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CHSS
World Chess PLC
1.60
-3.65
-69.52%
GB:EXR
VR Education Holdings
1.00
0.10
11.11%
GB:AOM
ActiveOps plc
177.50
50.00
39.22%
GB:ATG
Auction Technology Group PLC
324.00
-95.00
-22.67%
GB:TRST
Trustpilot Group Plc
219.40
-3.10
-1.39%

World Chess PLC Corporate Events

Business Operations and StrategyProduct-Related Announcements
World Chess PLC Tackles Cheating with Global Broadcast
Neutral
Sep 8, 2025

World Chess PLC has announced the release of a new episode of its flagship television property, The World Chess Show, which will air in over 100 markets worldwide. The episode, focusing on the issue of cheating in online chess, includes insights from former World Champion Vladimir Kramnik and Grandmaster Evgenij Miroshnichenko. This initiative is part of World Chess’s broader strategy to consolidate its products under a single global domain and reach a wider audience, reinforcing its position in the chess entertainment industry.

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.

Business Operations and StrategyExecutive/Board ChangesProduct-Related Announcements
World Chess PLC Surpasses One Million Users and Prepares for Major Mobile App Relaunch
Positive
Sep 1, 2025

World Chess PLC has achieved a significant milestone by surpassing one million registered users on its platform, establishing itself as a key player in the online chess sector. The company is focusing on increasing user engagement and conversion to paid memberships through new features. Additionally, World Chess has appointed a former Chess.com design lead as the new Head of Mobile Design to enhance its mobile-first strategy. The company is set to relaunch its redesigned mobile app in November 2025, featuring a modernized design and expanded features to boost engagement and monetization, marking a crucial step in its growth strategy.

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.

Regulatory Filings and Compliance
World Chess PLC Announces Total Voting Rights Update
Neutral
Aug 29, 2025

World Chess PLC announced that as of 29 August 2025, its issued share capital consists of 879,605,147 Ordinary Shares, each carrying one voting right, with no shares held in treasury. This total number of voting rights is crucial for shareholders to determine their interest in the company under the Financial Conduct Authority’s rules, impacting how they notify changes in their shareholding.

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.

Delistings and Listing ChangesPrivate Placements and Financing
World Chess PLC Announces Strategic Share Issuance
Neutral
Aug 26, 2025

World Chess PLC has announced the issuance of 114,348,670 new ordinary shares as part of a strategic investment, with each share priced at approximately 1.3p. These shares are expected to be admitted to the London Stock Exchange on or around 29 August 2025, increasing the company’s total issued ordinary share capital to 879,605,147 shares. This move is significant for shareholders as it affects their voting rights and interest calculations under the Financial Conduct Authority’s rules.

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.

Business Operations and Strategy
World Chess Partners with TipRanks to Bridge Chess and Investment Worlds
Positive
Aug 11, 2025

World Chess PLC has announced a strategic partnership with TipRanks, marking TipRanks’ entry into the global chess space. This partnership will see TipRanks featured across World Chess’s broadcasts and digital platforms, integrating branded content and educational segments tailored for chess audiences. The collaboration aims to align the strategic and analytical nature of chess with modern investing, offering a unique cultural alignment that could enhance brand visibility and engagement within the chess community.

Business Operations and StrategyProduct-Related Announcements
World Chess PLC Launches ‘The Tower’ to Revolutionize Online Chess Engagement
Positive
Aug 4, 2025

World Chess PLC has launched ‘The Tower,’ a new player progression system on its platform, aiming to enhance user engagement by providing a structured, motivational environment for online chess. This system allows players to earn Progress Points for rewards, climb through named Floors, and integrate with FIDE-recognized games, creating a bridge between casual and professional play. The Tower is integrated with Algorand blockchain to ensure secure and portable player progression data, and it is positioned as a strategic platform for future developments, including tournament formats and player recognition systems.

Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
World Chess PLC Secures Strategic Investment and Proposes New Board Appointment
Positive
Jul 23, 2025

World Chess PLC has entered into a binding subscription agreement with two strategic investors, raising $2 million by issuing new ordinary shares. This investment is aimed at accelerating the company’s growth and monetization efforts, particularly in expanding its global user base and converting more users to PRO subscribers. Additionally, Dmitri Lipnitsky, a tech entrepreneur with a strong background in app and games development, is proposed to join the board as a director, subject to regulatory checks. His expertise is expected to bolster World Chess’s strategic shift towards digital expansion and monetization, positioning the company as a significant player in the digital chess economy.

Business Operations and StrategyProduct-Related Announcements
World Chess PLC Centralizes Operations to Strengthen Market Position
Positive
Jul 23, 2025

World Chess PLC has announced the consolidation of its consumer-facing assets under the single platform WorldChess.com. This strategic move aims to enhance marketing efficiency, simplify user acquisition, and support accelerated subscriber growth, positioning World Chess as a core infrastructure brand within the global chess economy. By unifying its operations, World Chess expects to reduce customer acquisition costs and improve retention, while maintaining its leadership as the only platform offering FIDE-recognized digital ratings. With nearly 1 million registered users, the company is poised for growth with plans for additional product updates and monetization features in the latter half of 2025.

Business Operations and StrategyRegulatory Filings and Compliance
World Chess PLC Announces Change in Voting Rights Structure
Neutral
Jul 2, 2025

World Chess PLC has announced a change in the breakdown of its voting rights, with Prytek Investment Holdings Pte. Ltd. now holding 10.96% of the voting rights. This shift in voting rights could potentially influence the company’s strategic decisions and impact its stakeholders, as it reflects a significant investment from a Singapore-based entity.

Business Operations and Strategy
World Chess PLC Announces Change in Major Holdings
Neutral
Jul 1, 2025

World Chess PLC has announced a change in its major holdings, with Ilya Merenzon now holding 51.93% of the voting rights, down from a previous 52.41%. This adjustment in voting rights indicates a slight shift in the ownership structure of the company, which could have implications for its strategic decisions and influence within the chess industry.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 17, 2025