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Currency Converter USD-FIM
Currency Converter USD-Euro
ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
| Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
| AMER GROUP LTD. | 023512205 | OTC | AGPDY | 2: | 1 | MUL |
| CULTOR LTD. | 230269201 | OTC | CULTY | 1: | 1 | FOD |
| ESPOON SAHKO OY 144A | 29665T101 | 144A | ESOYYP | 1: | 1 | UTI |
| HUHTAMAKI OY 144A | 444720205 | 144A | HUHTYP | 1: | 1 | MUL |
| INSTRUMENTARIUM CORPORATION | 457805208 | NAS | INMRY | 4: | 1 | DRU |
| KEMIRA OY 144A | 488365107 | 144A | KERPP | 1: | 2 | CHM |
| NOKIA CORPORATION | 654902204 | NYSE | NOKA | 2: | 1 | TEL |
| RAUMA | 754183101 | NYSE | RMA | 1: | 1 | ENG |
| SONERA GROUP 144A | 835433103 | 144A | SONRP | 1: | 4 | TEL |
| UPM-KYMMENE CORP. | 915436109 | OTC | UPMKY | 1: | 1 | PAP |
| VALMET CORPORATION | 920232303 | NYSE | VA | 1: | 2 | PAP |
| * 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. |