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Currency
Converter USD-ESP
Currency Converter USD-Euro
ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
ACERALIA CORPORACION SIDERURGICA 144A | 004436101 | 144A | ACERYP | 1: | 1 | STE |
ANTENA 3 DE TELEVISION, S.A. 144A | 036726107 | 144A | ANTDT | 1: | 1 | PUB |
BANCO BILBAO VIZCAYA | 059458208 | NYSE | BBV | 1: | 1 | BKS |
BANCO BILBAO VIZCAYA (SER "A" PREF) | 059456103 | NYSE | BVG+ | 1: | 1 | BKS |
BANCO BILBAO VIZCAYA (SER "B" PREF) | 059456202 | NYSE | BVGB | 1: | 1 | BKS |
BANCO BILBAO VIZCAYA (SER "C" PREF) | 059456301 | NYSE | BVGC | 1: | 1 | BKS |
BANCO BILBAO VIZCAYA (SER "D" PREF) 144A | 059456509 | 144A | BBV144A | 1: | 1 | BKS |
BANCO BILBAO VIZCAYA (SER "E" PREF) | 059456400 | NYSE | BVGE | 1: | 1 | BKS |
BANCO CENTRAL HISPANOAMERICANO, S.A. | 059470401 | NYSE | BCH | 2: | 1 | BKS |
BANCO DE SANTANDER | 059574202 | NYSE | STD | 1: | 1 | BKS |
BANCO ESPANOL DE CREDITO (BANESTO) | 059878207 | OTC | BNSTY | 2: | 1 | BKS |
BANKINTER, S.A. | 066460205 | OTC | BKISY | 1: | 1 | BKS |
COMPANIA SEVILLANA DE ELECTRICIDAD S.A. | 204489207 | OTC | COVDY | 1: | 2 | UTI |
CORPORACION BANCARIA DE ESPANA S.A. | 219913100 | NYSE | AGR | 2: | 1 | BKS |
CORPORACION FINANCIERA REUNIDA, S.A. | 21986Q106 | OTC | COFJY | 1: | 2 | HOT |
CORPORACION MAPFRE | 219872207 | OTC | CRFEY | 5: | 1 | INS |
EMPRESA NACIONAL DE ELECTRICIDAD, S.A. | 292447208 | NYSE | ELE | 1: | 1 | UTI |
MELIA INVERSIONES AMERICANAS NV 144A | 585485105 | 144A | MELIA | 2: | 1 | HOT |
REPSOL S.A. | 76026T205 | NYSE | REP | 1: | 1 | OGS |
TELEFONICA S.A | 879382208 | NYSE | TEF | 1: | 3 | TEL |
* Ratio: You'll probably notice a significant difference in price
of the stock, traded as an ADR and on its home exchange. You can easily
calculate an over- or undervaluation (and, of course, a fair valuation). All
you need is the ratio of ADR to stock, as listed in the table above, and the
exchange rate of the US-Dollar to this country's currency. The following,
generalized example explains how to calculate. On June 26, 1998, the Swiss ADR Sulzer Medica, with a ratio of 10:1, was priced USD 24 7/8. In Zurich, its home exchange, Sulzer traded at 379 Swiss Francs. The Dollar/Franc - Exchange rate was 1.526 (1 Dollar buys 1.526 Swiss Francs). Now we can calculate: Multiply the price in Dollar with the ratio (10): 24 7/8 x 10=USD 248.75. With other words, ten ADR's equal one share of Sulzer Medica and will cost you $248.75 (excluding transaction costs). Now you multiply this Dollar-amount with the exchange rate: $248.75 x 1.526=SFR 379.59. The ADR has been valued fair. The Bank of New York offers free software, which does all the calculation. |