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Currency
Converter USD-LUF
Currency Converter USD-Euro
ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
| Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
| ANANGEL-AMERICAN SHIPHOLDINGS LIMITED | 032721201 | NAS | ASIPY | 1: | 1 | TRN |
| ARBED S.A. 144A | 038754107 | 144A | ARB144A | 1: | 5 | STE |
| BT SHIPPING LIMITED | 056007206 | NAS | BTBTY | 1: | 1 | TRN |
| CREDIT LYONNAIS CAPITAL 144A | 225386101 | 144A | CLYNY | 10: | 1 | BKS |
| MINORCO | 604340307 | NAS | MNRCY | 1: | 1 | MIN |
| SECURITY CAPITAL EUROPEAN REALTY-144A | 81413K106 | 144A | SGRXY | 1: | 1 | RES |
| SOCIETE EUROPEENNE DE COMM. S.A. "A" | 83366A101 | NAS | SECAY | 1: | 5 | TEL |
| SOCIETE EUROPEENNE DE COMM. S.A. "B" | 83366A200 | NAS | SECBY | 1: | 5 | TEL |
| STOLT-NIELSEN S.A. | 661585109 | NAS | STLBY | 1: | 1 | TRN |
| * 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. |