Card Factory: many happy returns?

In this week's Stockopedia Strategy Map article, Ed wrote about Trending Value, stocks that have both high Value and Momentum Ranks. As a follow-up, I am looking at one of the companies that features on Ed's Low P/E, High Relative Strength screen: Card Factory (LON:CARD)

Summary

Card Factory is a high street retailer of cards and gift accessories through over a thousand UK stores and almost another thousand partner locations in the UK and Australia. It also has an online presence, although these sales represent just 3.7% of revenue.The Stockopedia algorithms rate the company a SuperStock. High Value and Momentum Ranks, combined with an above-average Quality Rank, means that its overall StockRank is an impressive 99Although earnings are forecast to decline slightly, their forward P/E is just 8, and their most recent Price to Free Cash Flow multiple was a very low 3.9.However, most of the Free Cash Flow appears to be generated by changes in Working Capital (including re-timing of VAT payments) and lease accounting, meaning that the underlying free cash flow seems unimpressive over the past few years.In addition, the balance sheet looks particularly weak with a current ratio of just 0.44, which is low, even...