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ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
ABB AB | 00256Q103 | NAS | ABBBY | 1: | 1 | EEI |
AGA AB "B" SHARES | 001070309 | OTC | AGAXY | 1: | 1 | CHM |
ASTRA SERIES "A" | 046298105 | NYSE | A | 1: | 1 | DRU |
ASTRA SERIES "B" | 046298204 | NYSE | AAB | 1: | 1 | DRU |
ATLAS COPCO AB "A" SHARES | 049255706 | OTC | ATLKY | 1: | 1 | MAC |
ATLAS COPCO AB "B" SHARES | 049255805 | OTC | ATLPY | 1: | 1 | MAC |
BIACORE INTERNATIONAL AB | 088658109 | NAS | BCORY | 1: | 1 | BIO |
BIORA AB | 09065Q105 | NAS | BIORY | 1: | 2 | BIO |
CARDO AB 144A | 14160Q109 | 144A | CRDO144A | 1: | 2 | MUL |
ELECTROLUX AB | 010198208 | NAS | ELUXY | 1: | 2 | HCG |
ERICSSON TELEPHONE (LM) DEBENTURE | 294821509 | NAS | ERICZ | 1: | 1 | TEL |
ERICSSON TELEPHONE COMPANY "B" SHARES LM | 294821400 | NAS | ERICY | 1: | 1 | TEL |
ESSELTE AB "B" SHARES | 296682206 | OTC | ESLTY | 1: | 1 | SVC |
FORENINGSSPARBANKEN AB | 34551P106 | OTC | FGSKY | 1: | 1 | BKS |
INDIGO AVIATION AB | 45567P104 | NAS | IAABY | 1: | 1 | AIR |
KALMAR INDUSTRIES AB 144A | 483437109 | 144A | KLMRYP | 1: | 1 | MAC |
LUNDIN OIL AB | 550375109 | NAS | LOILY | 1: | 1 | OGS |
MODERN TIMES GROUP MTG AB | 607698107 | NAS | MTGNY | 1: | 5 | MED |
NETCOM AB | 64108R107 | NAS | NECSY | 1: | 1 | TEL |
NORDBANKEN AB 144A | 65555R102 | 144A | NBKBY | 1: | 2 | BKS |
PRICER AB | 741509103 | OTC | PCRBY | 1: | 1 | TEL |
SANDVIK AB | 800212201 | OTC | SAVKY | 1: | 1 | STE |
SCANIA AB "A" SHARES | 806018107 | NYSE | SCVA | 1: | 1 | AUT |
SCANIA AB "B" SHARES | 806018206 | NYSE | SCVB | 1: | 1 | AUT |
SKF AB | 784375404 | NAS | SKFRY | 1: | 1 | STE |
SVENSKA CELLULOSA AKTIEBOLAGET (SCA) | 869587402 | OTC | SVCBY | 1: | 1 | PAP |
SWEDISH MATCH AB | 870309507 | NAS | SWMAY | 1: | 10 | TOB |
VOLVO AB "B" SHARES | 928856400 | NAS | VOLVY | 1: | 1 | AUT |
* 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. |