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    PAH3   DE000PAH0038

PORSCHE AUTOMOBIL HOLDING SE

(PAH3)
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Real-time Estimate Tradegate  -  01:50:40 2023-02-01 pm EST
55.28 EUR   +0.91%
03:04aABB's E-mobility Unit Raises CHF325 Million in Pre-IPO Funds from Porsche, Three Other Investors
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02:49aABB places second block of E-Mobility shares ahead of float
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02:18aPorsche Automobil : SE invests in ABB E-mobility
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WING AND A PRAYER

11/22/2022 | 02:11am EST

THIS week's motoring page comes live from Dunsfold Aerodrome, better known as the Top Gear test track. And I am the star in a reasonably priced car.

Hang on 'star'? Granted, I'm A Celebrity won't be calling anytime soon, but everyone deserves their 15 minutes. And, um 'reasonably priced'? Well, the Porsche 911 GT3 RS costs a not-insignificant £178,500, but when you consider it could potentially beat The Stig's lap record - embarrassing several hypercars in the process - it looks almost good value.

Indeed, the frenzied buzz and long waiting lists that accompany any new Rennsport model mean that, if you're one of the chosen few allocated a GT3 RS, you could sell it for a tidy profit. But that's quite enough cold-blooded consumer advice. Honestly, the GT3 RS is far too excit- ing to treat as an investment piece.

I mean, just look at it. The monstrous rear spoiler is even more extreme than that bolted to a Le Mans-spec 911 RSR, with active flaps that pop up to boost cornering grip or lie flat to reduce drag. In fact, every surface on the car's body is peppered with aero addenda, from the cutouts behind the front wheels to the toothy rear diffuser. Its street presence is off the scale.

The result is a level of downforce seldom seen in a road-legal car. At 177mph, the RS has an additional 860kg compressing its Cup 2 tyres into the tarmac. That's approximately the weight of a Lotus Elise, or three times more than a 'standard' GT3. At the Nurburgring, it translates into a lap time of 6min 44.8sec - only six seconds slower than the Manthey-modified 911 GT2 RS that holds the production car record.

The new RS also introduces a level of configurability more akin to a racing car. Four rotary buttons on the steering wheel allow you to adjust the dampers for compression and rebound, tighten the lock rate of the limited-slip differential and control the traction and stability systems. Perfect if you're tackling the Karussell one day and, er, Gambon the next.

Its chassis may have gone digital, but the 911's engine remains resolutely analogue: a naturally aspirated 4.0-litre flat- six that revs to a stratospheric 9,000rpm. Power output climbs by a modest 15hp to 525hp, although a top speed of 184mph is actually 14mph slower than the GT3 - blame the drag generated by all that aero. Reinforcing its focus on lap times, the RS only comes with the paddle-shift PDK transmission. I warm up with a few laps in a 911 GT3 Touring that Porsche has helpfully brought along for comparison. The circuit seems tighter and more cambered than it looks on TV, with a hump on the exit of Hammerhead that threatens to throw the car off-balance. The Touring feels balanced, progressive and ferociously quick, but I'm itching to try its shoutier sibling.

This particular GT3 RS has the £25,739

Weissach Package, including a carbon fibre rear rollcage. Settling into the 918- style seats, it otherwise feels quite fa- miliar - there's still air-con and infotainment - but the difference is immediately apparent on the circuit. Where the GT3 Touring starts to slide, the RS feels locked onto the racing line. You can brake later, get on the power earlier and simply carry more speed.

My ability might be closer to Captain Slow than The Stig, but my lap times are undoubtedly quicker. Whether all that downforce actually makes the RS more fun is debatable, but the ability to constantly tweak its set-up certainly adds an extra dimension to track driving. In my time at Dunsfold, I barely scratched the surface.

I suspect the smaller and (slightly) less aggressive Cayman GT4 RS is a more rewarding road car. But on a track, the new 911 GT3 RS reigns supreme. And on that bombshell.

Tim Pitt writes for motoringresearch.com

(c) 2022 City A.M., source Newspaper

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Analyst Recommendations on PORSCHE AUTOMOBIL HOLDING SE
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Financials
Sales 2022 131 M 142 M 142 M
Net income 2022 5 165 M 5 609 M 5 609 M
Net cash 2022 417 M 453 M 453 M
P/E ratio 2022 3,22x
Yield 2022 6,01%
Capitalization 16 776 M 18 221 M 18 221 M
EV / Sales 2022 125x
EV / Sales 2023 114x
Nbr of Employees 36
Free-Float 50,0%
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Porsche Automobil Holding SE Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 54,78 €
Average target price 89,00 €
Spread / Average Target 62,5%
EPS Revisions
Managers and Directors
Hans Dieter P÷tsch Chairman-Management Board
Wolfgang Porsche Member-Supervisory Board
Lutz Meschke Head-Investment Management
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
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GENERAL MOTORS COMPANY16.88%55 862