[ Israelean Stock Market | U.S. Stocks | Other ADR's | Tel Aviv Stock Exchange ]
[ Table
of Contents | Advertising |
Submit URL |
Shopping |
E-Mail |
Home ]
[How to make
Site-By-Site ! your homepage]
ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
| Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
| BLUE SQUARE-ISRAEL LTD. | 096055108 | NYSE | BSI | 1: | 1 | RET |
| ELITE INDUSTRIES LIMITED NIS 1 | 286598206 | OTC | ELEIY | 1: | 3 | FOD |
| ELITE INDUSTRIES LIMITED NIS 5 | 286598404 | OTC | ELEDY | 1: | 1 | FOD |
| FORMULA SYSTEMS (1985) LTD. | 346414105 | NAS | FORTY | 1: | 1 | CSN |
| ISRAEL LAND DEVELOPMENT COMPANY,LTD.,THE | 465117208 | NAS | ILDCY | 1: | 3 | RES |
| ISRAS INVESTMENT COMPANY LTD. NIS 1 | 465143105 | OTC | ISIMY1 | 1: | 10 | INV |
| ISRAS INVESTMENT COMPANY LTD. NIS 5 | 485143204 | OTC | ISIMY5 | 1: | 10 | INV |
| KOOR INDUSTRIES LIMITED | 500507108 | NYSE | KOR | 5: | 1 | MUL |
| KOPEL LIMITED | 500597208 | OTC | KOPLY | 1: | 2 | SVC |
| MATAV-CABLE SYSTEMS MEDIA LTD. | 576561104 | NAS | MATVY | 1: | 2 | TEL |
| NICE SYSTEMS LTD. | 653656108 | NAS | NICEY | 1: | 1 | TEC |
| SUPER-SOL LTD | 868511205 | NYSE | SAE | 1: | 5 | RET |
| TADIRAN LIMITED | 873593107 | NYSE | TAD | 1: | 1 | TEL |
| TEVA PHARMACEUTICAL INDUSTRIES LTD. | 881624209 | NAS | TEVIY | 1: | 1 | DRU |
| * 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. |